Floor area (in SQM) 60 square meters
Lease term Two (2) years renewable
Aircon Tenant’s account
Taxes:
VAT (12%) Lessee
W/TAX (5%) Lessor
DST Lessee
Estate Lessor
Monthly rent 1 st year – Php750.00 per sqm or Php45,000. /mo.
2 nd year – Php800.00 per sqm or Php48,000. /mo.
CUSA dues Php 120.00 / sqm or Php7,200.00 per month
Escalation Five percent (5%) Annually to start on the 2 nd year
Security deposit Three (3) months security deposit. Refundable after lease
expiration payable upon signing of contract of lease or upon
handover of the unit, whichever is earlier.

Advance rent Three (3) months advance rent. Based on the first year’s rental
rate applied on the first three (3) months of the lease months



Lease Terms and Conditions

• Security Deposit: Equivalent to 3 months' rent, to be paid upon signing of the lease agreement.
• Advance Rental: 3 months' rent, applicable to the last 3 months of the contract.
• Type of Leased Premises: Bare unit, without any furnishings or fixtures.
• Application of Security Deposit: The security deposit will be applied 60 days after the end of the contract, subject to the condition of the premises and fulfillment of lease obligations.
• Common Utility and Service (CUSA) Charges: 120//SQM and will be billed separately.
• Electricity and Water: Sub-metered, with the lessee responsible for their own consumption.
• Terms of Lease: The lease agreement will be for a period of 2 years, with the option to renew subject to mutual agreement.

Escalation Rate
1. 2nd Year: No escalation, rent will remain the same as the first year.
2. 3rd Year and Succeeding Years: To be discussed and determined during the ocular visit, and will be subject to mutual agreement.
Payment Terms
1. Mode of Payment: 12 months' Post-Dated Checks (PDCs), to be submitted upon signing of the lease agreement.

here are some of the establishments near 401 Sen. Gil J. Puyat Ave, Pasay, 1308, Metro Manila:

**Hotels:**
1. **Copacabana Apartment Hotel** ( Address: 264 EDSA Extension, Pasay, 1308 Metro Manila) - a 3-star hotel offering rooms and suites with free Wi-Fi and a restaurant.
2. **Networld Hotel** (Address: 365 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a 3-star hotel with an indoor pool, fitness center, and free Wi-Fi.
3. **Soleste Hotel** (Address: 418 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a budget-friendly hotel with simple rooms and free Wi-Fi.

**Restaurants:**
1. **Bistro Pasay** (Address: 401 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a Filipino restaurant serving traditional dishes and offering catering services.
2. **Jollibee** (Address: 361 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a popular fast-food chain serving Filipino favorites like Chickenjoy and Yumburger.
3. **KFC** (Address: 335 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a fast-food chain specializing in fried chicken and other savory meals.
4. **Mang Inasal** (Address: 355 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a grilled chicken restaurant that serves Filipino-style barbecue.

**Shopping Centers:**
1. **SM Mall of Asia** (Address: Seaside Blvd, Pasay, 1308 Metro Manila) - a large shopping mall featuring a variety of international and local brands, restaurants, and entertainment options.
2. **Blue Bay Walk** (Address: EDSA Extension, Pasay, 1308 Metro Manila) - a shopping and entertainment complex with restaurants, bars, and retail stores.
3. **Metropoint Mall** (Address: EDSA Extension, Pasay, 1308 Metro Manila) - a mid-sized shopping mall with a mix of retail stores, restaurants, and services.

**Gas Stations:**
1. **Shell Gas Station** (Address: 401 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a gas station offering fuel, lubricants, and other automotive services.
2. **Caltex Gas Station** (Address: 361 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a gas station providing fuel, car wash, and other services.

**Banks and Financial Institutions:**
1. **BPI** (Address: 365 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a branch of the Bank of the Philippine Islands offering banking services and ATM facilities.
2. **BDO** (Address: 401 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a branch of Banco de Oro offering banking services, loans, and ATM facilities.
3. **Metrobank** (Address: 335 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a branch of Metropolitan Bank & Trust Co. offering banking services and ATM facilities.

**Other Establishments:**
1. **LRT Line 1 - Libertad Station** (Address: 345 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a train station serving the Light Rail Transit Line 1.
2. **Meralco Business Center** (Address: 405 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a business center offering electricity and other services from the Manila Electric Company.
3. **PLDT Libertad Exchange** (Address: 351 Sen. Gil J. Puyat Ave, Pasay, 1308 Metro Manila) - a telecommunications exchange center operated by PLDT.