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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.

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

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