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Free Legal Advice Philippines » FREE LEGAL ADVICE » PROPERTY » Lot rental

Lot rental

3 posters

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1Lot rental Empty Lot rental Sat Jun 30, 2012 12:36 am

daf


Arresto Menor

I plan to rent out a corner of my residential lot to a businessman who wants to open a small eatery. This corner has no structure whatsoever yet, and he has to build his own structure from the ground up. What kind of agreement do we sign? Where do I inquire to get the prevailing lot space rental rate? He if wants to stop the business, do I get to keep his structure for free?

2Lot rental Empty Re: Lot rental Sat Jun 30, 2012 8:58 am

attyLLL


moderator

it should be a basic lease contract, and you can ask around your street if there is anything similar. as for the structure, it should be based on your agreement

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3Lot rental Empty Re: Lot rental Mon Jul 02, 2012 11:02 am

attyjoyce


Reclusion Perpetua

daf,

i agree, it could be a basic lease contract. with respect to the structure that your prospective lessee would construct, you can stipulate on this in your lease contract.

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