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Shopping Mall
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Lease or Sale of Leasehold Rights
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| Rate: |
Php 500 per sqm. monthly, with 10% escalation every year |
| Common Usage & Service Area Charges: |
Actual expenses on center maintenance & utility bills of common areas, to be equitably shared based on lot or floor area |
| 10% VAT: |
For the account of lessee |
| Deposit: |
Equivalent to 4 months rental, to be escalated every year |
| Rental: |
6 months advance, to be applied to last 6 months; 1 year contract with 12 post dated checks |
| Contract: |
Yearly and renewable lease contract |
| Broker's Commission: |
5% of 1 year's rent |
| Royalty to Dona Rita: |
1% of gross sales, payable monthly |
Sale of Leasehold Rights
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| Rate: |
Php 30,000 per sqm. |
| Common Usage & Service Area Charges: |
Actual expenses on center maintenance & utility bills of common areas, to be equitably shared based on lot or floor area |
| 10% VAT: |
For the account of lessee |
| Term: |
10% upon signing of term sheet
20% upon signing of contract
70% payable in 12 equal monthly installments, without interest covered by post dated checks |
| Contract: |
20 years (Contract to sell leasehold rights) |
| Broker's Commission: |
5% of the Total Contract Price |
| Royalty to Dona Rita: |
1% of gross sales, payable monthly |
