Bristle Company leased office premises to Back Company for a five-year term beginning January 1, 2022. Under the terms of operating lease, rent for the first year is P100,000 and rent for years 2 through 5 is P156,250 per annum. However, as an inducement to enter the lease, Bristle granted Back the first three months of the lease rent-free.

Sep 8, 2023

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Bristle Company leased office premises to Back Company for a five-year term beginning January 1, 2022. Under the terms of operating lease, rent for the first year is P100,000 and rent for years 2 through 5 is P156,250 per annum. However, as an inducement to enter the lease, Bristle granted Back the first three months of the lease rent-free.
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