REPUBLIC OF THE PHILIPPINES)

________________________________) S.S.

LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of _____, this day of
_______________, 20____, by and between:

(NAME OF LESSOR), Filipino, of legal age, (single/married), and with residence and postal
address at (Address), represented herein by (NAME OF AGENT) pursuant to a Special Power
of Attorney, hereinafter referred to as the LESSOR.

-AND-

(NAME OF LESSEE), Filipino and with residence and postal address at (Address), hereinafter
referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the sole and registered owner of a parcel of land located at
(Address);

WHEREAS, the LESSEE has offered to lease and the LESSOR is willing to lease unto
the LESSEE the said parcel of land consisting of approximately (description of the property),
solely for business purpose and in accordance with the terms and conditions stated herein;

NOW, THEREFORE, for and in consideration of the foregoing premises, and of the
covenants and agreements hereinafter set forth, the LESSOR hereby leases unto the LESSEE the
Leased Premises, and the LESSEE hereby leases the Leased Premises, pursuant to the following
terms and conditions:

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1.) TERM. The term of this lease shall be for a period of one (3) years, commencing on
_____________ and ending on _______________. Notice of intention to renew the
contract shall be made in writing by the LESSEE to the LESSOR not later than sixty
(60) calendar days prior to the expiration of the lease. Should the LESSEE fail to give
said notice, it shall be deemed to have no interest in renewing the lease, in which case,
the LESSOR will be free to offer the Leased Premises to third persons.

2.) RENTALS. The LESSEE shall pay the LESSOR a monthly rental of ____________
(Php xxx) inclusive of VAT but exclusive of withholding tax. The Payment shall be
deposited through the bank account of (Name) with the following account number:

3.) SECURITY DEPOSIT. The LESSEE shall make a security deposit of

____________ (Php xxx) to be held without interest by the latter as security deposit to
answer for any of the LESSEE’s obligations by virtue of this lease contract, which sum
shall be returned by the LESSOR to the LESSEE without interest, within Thirty (30)
calendar days after the termination of this lease for any reason whatsoever, less
whatever amount the LESSEE may be liable to the LESSOR for its failure to pay the
electricity, water, telephone, cable monthly subscription if any, and other utility bills,
cost of repairs to the premises for damages caused by fault or negligence of the
LESSEE or any person under the LESSEE’s employ or custody and all cost or charges
which under this Contract shall be for the account of the LESSEE. The LESSEE’s
liability for any breach of this contract or any obligation for the leased premises shall
in no manner be limited to the amount of the deposit, with the accounting thereof by
the LESSOR should be considered as final.

4.) UTILITES AND CHARGES. The LESSEE shall be responsible for the payment of
all utility charges for electricity, gas, water, telephone, garbage collection, cable
subscription if any, and other services rendered in LESSEE’s favor.

5.) TAXES AND INSURANCE. Real Estate taxes, government assessments, and
insurance for the premises shall be for the account of the LESSOR. However, the
LESSEE at its option may insure its properties in the Leased Premises at its own
expense. In any event, that there was any Taxation arose from this contract, the
LESSEE must be assumed the full responsibility with any Government Agency,
whether local or national, and the LESSOR is absolve of any tax liability whatsoever;
if any, is for the account of the LESSEE.

6.) SANITATION AND REPAIRS. The LESSEE acknowledges receipt of the Unit in
good order. It is agreed that repairs due to ordinary wear and tear to the unit and/or its
furnishings/appliances up to the limit hereunder stated and those due to the negligent

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 use of the Leased Premises by the LESSEE, member of its household or its guests,
shall be for LESSEE’s account.

7.) IMPROVEMENTS. The LESSEE shall not introduce any alteration, addition or
improvement on the Leased Premises without the previous written consent of the
LESSOR. Should such consent be given, the LESSEE agrees that improvements or
additions of permanent nature and which cannot be removed without causing damage
to the Leased Premises shall belong to the LESSOR.

8.) PROHIBITION. The LESSEE shall not bring into or store in the Leased Premises
any inflammable or obnoxious material that may constitute a fire hazard, except
cooking gas with caution.

9.) USE OF PREMISES. The LESSEE shall use the premises exclusively for business
purposes and not for any illegal or immoral purposes, if any, the LESSEE hereby binds
itself to be solely and absolutely responsible therewith and at the same time absolve the
LESSOR of any liability, whatsoever as the LESSOR hereby makes it categorically
clear not to be in anyway answerable to any illegal or immoral purposes.

10.) BREACH/PENAL PROVISIONS. It is hereby agreed and understood by both

parties that all the covenants herein contained are the primary considerations for
entering into this Contract and should breach of any one of the above conditions is
committed by any party, the aggrieved party may, at its discretion cancel and extra-
judicially terminate this Contract. Should the aggrieved party be compelled to seek
judicial relief against the party at fault, the latter shall, in addition to any other damages
that may be awarded, pay an amount claimed in the complaint as and by way of
attorney’s fees aside from the cost of litigation and other expenses;

11.) THIRD PARTY LIABILITY. The LESSOR shall not be liable nor responsible for
any injury, loss or damage including wrongful death, which LESSEE, his agent,
employees, customers or guest may sustain within the leased premises, including
damages to any of its properties within the leased premises, caused by but not limited
to the following:

(a) the presence of bugs, roaches, vermin, ants, termites and other kinds of
insect; (b) the failure or disruption of water supply and/or electric current; (c)
fire due to the faulty electrical wiring, fuses, installations, etc., (d) defective
plumbing or pipes, bursting, leaking, destruction or clogging of any cistern,
tank, washstand, water closet, waste or soil pipe, etc., (e) leakage of water or
the elements from the roof or any part of the building due to rain, typhoon,

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 flood, earthquake, repairs or other construction work, etc.; (f) loss of any article
delivered to or left with any employee of the LESSEE; (g) robbery, theft or any
other crimes; (h) acts of negligence and/or vandalism of the LESSEE or its
employee(s); or (I) for any cause whatsoever not due directly to the fault of the
LESSOR;

12.) SURRENDER OF THE PREMISES. The LESSEE, at the expiration of this

Contract of Lease or any renewal hereof, shall quietly and peacefully deliver and
surrender the Leased Premises to the LESSOR in the same condition in which the same
was received, except what has been impaired by ordinary wear and tear or by a
fortuitous event.

13.) SUBLEASE/ ASSIGNMENT. The LESSEE shall not sublease, assign, encumber,
sell or transfer its leasehold rights to the Leased Premises or any part thereof without
the prior written consent of the LESSOR;

14.) NON-WAIVER. The failure of the LESSOR to insist upon the strict performance of
any of the terms, conditions and covenants hereof shall not be deemed as a
relinquishment or waiver of any right or remedy that the LESSOR may have, and that
no waiver by the LESSOR shall be deemed to have been made unless expressed in
writing and signed by the LESSOR;

15.) RULES AND REGULATIONS. The LESSEE agrees to strictly abide by and to be
covered by the rules and regulations promulgated by the building administration. The
LESSEE shall likewise abide the Fit-out guidelines promulgated or which may
hereafter by the building administration, including the amendments thereto.

16.) EXCLUSIVITY. This Contract of Lease constitutes the entire agreement between
both parties hereto, and the same shall not be deemed amended or otherwise altered in
any manner unless such amendment or alteration is made in writing and signed by both
parties.

IN WITNESS WHEREOF, the parties hereunto set their hands and signed these presents at
_________________, on this ___ day of __________ 2018.

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(Name of Lessor) (Name of Lessee)

LESSOR LESSEE

Signed in the presence of:

_____________________________ ______________________________

ACKNOWLEDGEMENT

Republic of the Philippines)

_________________________) S.S

BEFORE ME, personally appeared:

Name of (Lessor)

Name of (Lessee)

Known to me and to me known to be the same persons who executed the foregoing instrument
and acknowledged to me that the same is their free and voluntary act and deed.

This instrument consisting of ____ page/s, including the page on which this acknowledgement is
written, has been signed on each and every page thereof by the concerned parties and their
witnesses, and and sealed with my notarial seal.

WITNESS MY HAND AND SEAL, on the date and place first above written.

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