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Payment Agreement Contract: Pabro Dupaya Known As The Payee, Whose Address Located at BLK 5 Lot 3 Northridge Executive

Robel John Umali Domingo agrees to pay Mario Pabro Dupaya 150,000 pesos as a seven-month advance payment for the commercial rental of space at 128 Apitong St., Makati City. The payment covers rent from September 2019 to March 2020 at 25,000 pesos per month, with one month's rent discounted for paying in advance. Both parties agree to the terms of the payment plan and that modifications must be in writing and agreed by both parties.

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304 views2 pages

Payment Agreement Contract: Pabro Dupaya Known As The Payee, Whose Address Located at BLK 5 Lot 3 Northridge Executive

Robel John Umali Domingo agrees to pay Mario Pabro Dupaya 150,000 pesos as a seven-month advance payment for the commercial rental of space at 128 Apitong St., Makati City. The payment covers rent from September 2019 to March 2020 at 25,000 pesos per month, with one month's rent discounted for paying in advance. Both parties agree to the terms of the payment plan and that modifications must be in writing and agreed by both parties.

Uploaded by

Fleur De Liz' Empire
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Payment Agreement Contract

By this contract, Robel John Umali Domingo, known as the Payer, whose address located at
Blk 67 Lot 28 Daffodil St., Zone 8 Brgy. Rizal, Makati City agrees to make payments to Mario
Pabro Dupaya known as the Payee, whose address located at Blk 5 Lot 3 Northridge Executive
Village Sto. Cristo, San Del Monte, Bulacan hereafter known as “Lender,” by the following in
exchange for commercial rental fee. The said commercial space paying for is located at the
ground floor of MK Building, #128 Apitong St., Comembo, Makati City, Philippines.

By this agreement, it is agreed that a payment of One Hundred Fifty Thousand pesos {Php
150,000} will be surrendered to the Lender as an advanced commercial rental fee payment for
the period of seven (7) months.

NOW, THEREFORE, in consideration of the mutual covenants and promises made by the
parties hereto, the Payer Party and the Payee Party (individually, each a “Party” and collectively,
the “Parties”) covenant and agree as follows:

1. that the Payer is paying the seven (7) months rental fee (25,000 a month) in which both parties
agreed that the payment of Php 150,000 includes a one (1) month discount since the payment is
advance for seven (7) months.
2. that the payment plan will cover the months of September 2019, October 2019, November
2019, December 2019, January 2020, February 2020 and March 2020.
3. that unless in writing NO modification of this Agreement shall be valid unless in writing and
agreed upon by both Parties.
4. that this agreement and the interpretation of its terms shall be governed by and construed in
accordance with the laws of the Republic of the Philippines, Makati City.

By signing this agreement, all parties agree to the terms as described above. Both parties will
receive a printed copy of this agreement, and will be responsible for upholding its terms.

(Payer) (Date)

(Payee) (Date)
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


_____________________________ ) SS.

BEFORE ME, a Notary Public for and in the City of ___________________, personally
appeared:

Name CTC Number Date/Place Issued


______________________ _______________________ ________________________
Name of Payer
______________________ _______________________ ________________________
Name of Payee

Known to me and to me known to be the same persons who executed the foregoing instrument
and acknowledged to me that the same are their free act and voluntary deed.

This instrument, consisting of (2) pages, including the page on which this acknowledgment is
written, has been signed on the left margin of each and every page thereof by the concerned
parties and their witnesses, and sealed with my notarial seal.

WITNESS MY HAND AND SEAL on this ___day of __________________20__


at_______________.

Notary Public
Doc. No. ........;
Page No. .......;
Book No. .......;
Series of 20__.

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