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    Proposal To Lease Real Estate Property

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    charlottevinsmoke
    The proposal offers to lease 675 square meters of real estate property located in front of Tabaco Grand Terminal in Brgy. Pawa, Tabaco City, Albay for 15 years to construct and operate a retail fuel station. The monthly rental rates start at PHP 40,000 and increase every 2 years with a 10% escalation. The lessee will pay a 3 month security deposit, 3 month advance rental, and shoulder the 12% EVAT tax while the lessor receives a 5% withholding tax credit from the lease rates. The proposal offers a 6 month grace period for permit acquisition and construction.

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    Proposal To Lease Real Estate Property

    Uploaded by

    charlottevinsmoke
    36 views1 page
    The proposal offers to lease 675 square meters of real estate property located in front of Tabaco Grand Terminal in Brgy. Pawa, Tabaco City, Albay for 15 years to construct and operate a retail fuel station. The monthly rental rates start at PHP 40,000 and increase every 2 years with a 10% escalation. The lessee will pay a 3 month security deposit, 3 month advance rental, and shoulder the 12% EVAT tax while the lessor receives a 5% withholding tax credit from the lease rates. The proposal offers a 6 month grace period for permit acquisition and construction.

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    Conforme (1)

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    The proposal offers to lease 675 square meters of real estate property located in front of Tabaco Grand Terminal in Brgy. Pawa, Tabaco City, Albay for 15 years to construct and operate a retail fuel station. The monthly rental rates start at PHP 40,000 and increase every 2 years with a 10% escalation. The lessee will pay a 3 month security deposit, 3 month advance rental, and shoulder the 12% EVAT tax while the lessor receives a 5% withholding tax credit from the lease rates. The proposal offers a 6 month grace period for permit acquisition and construction.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    36 views1 page

    Proposal To Lease Real Estate Property

    Uploaded by

    charlottevinsmoke
    The proposal offers to lease 675 square meters of real estate property located in front of Tabaco Grand Terminal in Brgy. Pawa, Tabaco City, Albay for 15 years to construct and operate a retail fuel station. The monthly rental rates start at PHP 40,000 and increase every 2 years with a 10% escalation. The lessee will pay a 3 month security deposit, 3 month advance rental, and shoulder the 12% EVAT tax while the lessor receives a 5% withholding tax credit from the lease rates. The proposal offers a 6 month grace period for permit acquisition and construction.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    June 20, 2019

    Brgy. Pawa, Tabaco City, Albay

    Re : Proposal to lease real estate property

    Dear Heidi Ebriega ,

    We are pleased to send you our proposal to lease the real estate property situated in front of Tabaco grand
    terminal Brgy. Pawa, Tabaco City, Albay. This is for the purpose of constructing and operating a retail fuel
    station selling gasoline and diesel products to motorists. We are pleased to send you our proposal with the
    following terms and conditions to consider:

    Area to be leased : 675 sq. m more or less FRONTAGE: 15m more or less

    Lease tenure : 15 years

    Lease Rate :
    Year Monthly Rental
    1 40,000.00
    2 40,000.00
    3 44,000.00
    4 44,000.00
    5 48,400.00
    6 48,400.00
    7 53,240.00
    8 53,240.00
    9 58,564.00
    10 58,564.00
    11 64,420.40
    12 64,420.40
    13 70,862.44
    14 70,862.44
    15 77,948.68

    Escalation :.
    10% escalation every 2 years/starting on the 3rd year.

    Advances : 3 month/s security deposit


    : 3 month/s advance rental
    Grace period for Permit
    Acquisition and Construction : 6 months

    Legal taxes : 12% EVAT shall be shouldered by the LESSEE while the 5%
    withholding tax shall be deducted to the lease rates and shall be
    credited to the LESSOR.

    We hope you find our offer meritorious. Should you need to discuss further details regarding our proposal,
    please give us a call at 0917-838-4313 or send your email to [email protected]. Thank you very much and we
    are looking forward for a mutually beneficial relationship with you.

    For: JETTI PETROLEUM INC.

    Dean Carlo Ramos CONFORME:


    Network/Business Developer

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