Practice question
Lessor Leo and lessee Mia agree to lease laboratory microscope serial number M-210 from July 1, 2026 through June 30, 2027, for PHP 5,000 monthly, payable on the fifth day of each month. Use is restricted to Mia's laboratory. Assume capacity and an ordinary equipment lease. Draft the core object, term, use and rent provisions.
Legal references
- Civil Code, Articles 1458, 1460, 1473, 1475, 1477–1478, 1643, 1654 and 1657: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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