PROPERTY # 11407 - BEACH LOT PROPERTY FOR RENT IN LAPULAPU CITY, CEBU
LOT AREA: 6,001 SQM
PARTICULAR TERMS & CONDITIONS
a. Location / Area Size:Brgy. Mactan, Lapu-lapu City, Cebu
6,001 SqM.
b. Lease Term Ten (10) years, renewable with new terms and conditions both agreed by the Signal Properties Corporation and the Lessee
c. Lease Start
July 1, 2024 – June 30, 2034
d.Rental Rate per month (exclusive of VAT)
1st Year ₱150.00 /sqm /month
2nd Year ₱150.00 /sqm /month
3rd Year ₱165.00 /sqm /month
4th Year ₱181.50 /sqm /month
5th Year ₱200.00 /sqm /month
6th Year ₱220.00 /sqm /month
7th Year ₱ 242.00 /sqm /month
8th Year ₱266.20 /sqm /month
9th Year ₱292.82 /sqm /month
10th Year ₱322.10 /sqm /month
VAT on rentals and Documentary Stamp Tax shall be on the account of the LESSEE. Rent is payable monthly, upon signing of the Contract of Lease, the Lessee shall issue Post-dated checks payable to the LESSOR to cover the monthly rental and shall deliver to the Lessor upon signing of the contract.
PDC Requirement: covered with post-dated checks for the entire duration
Php5,400,900.00, representing the Six (6) months rent (exclusive of VAT). The Security Deposit shall be refunded Ninety (90) days from the expiration of the lease subject to the payment of any outstanding financial obligations by the LESSEE and completion of all required documents for the refund of the Security Deposit. It shall not be used to pay the monthly rentals and/or arrears. The security deposit amount shall increase with the corresponding annual rental increase
Telephone number: View Phone
