April 25, 1992
Dear Sir/Madam:
I would like to express my intention to replace Mr. Juan Ongkingco as buyer/lessee of the property located at Calagara, Sta. Rosa, Laguna with TCT/CCT Property No. 12511 with an outstanding balance/monthly rental in the amount of ten thousand pesos (Php10,000.00).
I understand and agree to be bound by the terms and conditions of the Deed of Conditional Sale/Contract of Lease with Option to Purchase executed by the original buyer/lessee with Pag-ibig Fund.
Furthermore, please find enclosed with this letter of option to purchase are pertinent documents which I am here by submitting in compliance with all your documentary requirements.
I am aware that the Pag-ibig Fund reserves the right to reject my offer.
Very truly yours,
Jc R. Mendoza