LAW OFFICE OF PNAV

______________________________

Date:

MR. JUAN DELA CRUZ

DEMAND FOR PAYMENT OF FINANCIAL OBLIGATION

Dear Mr. Dela Cruz:

Greetings!

I write in behalf of our client and in connection with your unpaid balance
pertaining to the office space that you are currently leasing at
_______________________.

Prior to the effectivity of the contract on ____________, the subject space

was turned-over to you as early as ____________ to give way for your
renovations.

Under your Contract of Lease that you have entered with our client, you
undertook to pay a monthly rental fee of SEVENTY THOUSAND EIGHT
HUNDRED SIXTY-FOUR PESOS AND SIXTY-FOUR CENTAVOS (PHP70,864.64)
applicable for the first year of the contract and the said fee is due every
30th of every month.

You were likewise obliged by the contract to issue post-dated checks in

accordance to the agreed schedule of payments and as mandated by
the law, you are bound to make sure that such checks are funded.

However, upon checking your payment history, it appeared that you

have failed to make good to such undertakings as you were unable to
regularly pay the amount agreed upon.

It was likewise revealed that the post-dated checks you issued for the
monthly rentals of April and May were dishonored by the bank thus, the
delay in the payment of the rental fee for the month of April 2019.

Further, pursuant to Section 1 of the contract, you are bound to pay the
monthly CUSA (Common Usage Service Association Fees) amounting to
ELEVEN THOUSAND FIVE HUNDRED NINETY-SIX PESOS AND THREE
HUNDREDTHS CENTAVOS (PHP11,596.03) for the month prior to the start of
the contract in consideration of the one (1) month period intended for the
renovation of your space.
However, yet again, despite your obligation to do so, you have failed to
pay the same.

As of today, in sum, our client is yet to receive your payment for the
monthly rentals for the months of ____________ and the CUSA Fee for the
month of ____________.

Importantly, please note that the last paragraph of Section 2 of your

contract states that:

”Advance rentals shall be deemed forfeited in favor of the

LESSOR in case of default of, or termination of the lease by the
LESSEE. The advance rental deposit is subject to withholding tax, net
of Withholding and CUSA (exclusive of VAT).

Without a doubt, by reason of your repeated failure to comply with your

contractual obligations, as stated in the foregoing, you are now deemed
in DEFAULT.

As such, the full amount of TWO HUNDRED TWENTY-FOUR THOUSAND ONE

HUNDRED EIGHTY-NINE PESOS AND NINETY-FIVE CENTAVOS
(PHP224,189.95) as your TOTAL UNPAID BALANCE is hereby being
demanded.

Consider this as the FINAL DEMAND. Please settle your obligation within
five (5) days from receipt hereof and your failure to do so will cause the
filing of appropriate actions in court.

We expect your compliance to avoid the rigors of a full-blown litigation.

Thank you very much.

Sincerely,

PNAV