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renewal of lease contract

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1 renewal of lease contract on Fri Nov 07, 2014 7:01 pm

Edvan Rodriguez

Arresto Menor
What is the effect of a provision in a contract of lease allowing a renewal of the lease contract, when the term of the lease, as stipulated, is for a fixed period ofbone year?

Any legal basis?

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2 Re: renewal of lease contract on Mon Nov 17, 2014 8:01 pm

tsi ming choi

Reclusion Perpetua
The Lessee has the preference and at his option to renew the contract after the expiration of such contract.

1. Principle of Freedom to stipulate
2. Obligatory force of contract.

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