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Philippine National Construction Corporation (PNCC) vs. Court of Appeals (CA)

PHILIPPINE NATIONAL CONSTRUCTION CORPORATION, petitioner vs. COURT OF APPEALS, MA. TERESA S. RAYMUNDO-ABARRA, JOSE S. RAYMUNDO, ANTONIO S. RAYMUNDO, RENE S. RAYMUNDO, and AMADOR S. RAYMUNDO, respondents.

G.R. No. 116896 | 1997-05-05

DAVIDE, JR., J.: 

This petition for review on certiorari has its roots in Civil Case No. 53444, which was sparked by petitioner's refusal to pay the rentals as stipulated in the contract of lease 1 on an undivided portion of 30,000 square meters of a parcel of land owned by private respondents. 

The lease contract, executed on 18 November 1985, reads in part as follows: 

1. TERM OF LEASE " This lease shall be for a period of five (5) years, commencing on the date of issuance of the industrial clearance by the Ministry of Human Settlements, renewable for a like or other period at the option of the LESSEE under the same terms and...