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What is Rescission of Lease Contracts Explained about?

1) Peralta leased land from the Spouses Arzaga for 40 years. Flaviano Jr., heir of the Spouses Arzaga, assigned the properties to Raval. Raval demanded Peralta comply with lease terms but Peralta refused. 2) Raval filed a complaint seeking rescission of the lease agreement. Peralta argued the lease cannot be rescinded as the 10 year prescriptive period had passed. 3) The Court ruled the prescriptive period applies from the time of violation, which was within 10 years. Rescission was proper as Peralta vio

Author

Mikhael Ong

Language

EN