NAME OF LESSOR), of legal age, single/married to (Name of spouse if any), Filipino, and with

residence and postal address at (Address), 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 owner of THE LEASED PREMISES, a residential property situated
at (Address of property to be leased);

WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the LESSEE is willing
to lease the same;

NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR leases unto
the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED premises, subject to
the following:

TERMS AND CONDITIONS

1. PURPOSES: That premises hereby leased shall be used exclusively by the LESSEE for residential
purposes only and shall not be diverted to other uses. It is hereby expressly agreed that if at any time
the premises are used for other purposes, the LESSOR shall have the right to rescind this contract
without prejudice to its other rights under the law.

2. TERM: This term of lease is for ONE (1) YEAR. from (Date) to (Date) inclusive. Upon its
expiration, this lease may be renewed under such terms and conditions as my be mutually agreed
upon by both parties, written notice of intention to renew the lease shall be served to the LESSOR
not later than seven (7) days prior to the expiry date of the period herein agreed upon.

3. RENTAL RATE: The monthly rental rate for the leased premises shall be in PESOS: AMOUNT
IN WORDS (P 00,000.00), Philippine Currency. All rental payments shall be payable to the
LESSOR.

4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this contract and prior
to move-in an amount equivalent to the rent for THREE (3) MONTHS or the sum of PESOS:
AMOUNT IN WORDS (P 00,000.00), Philippine Currency. wherein the two (2) months deposit shall
be applied as rent for the 11th and 12th months and the remaining one (1) month deposit shall answer
partially for damages and any other obligations, for utilities such as Water, Electricity, CATV,
Telephone, Association Dues or resulting from violation(s) of any of the provision of this contract.

5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, such as
when the checks are dishonored, the LESSOR at its option may terminate this contract and eject the
LESSEE. The LESSOR has the right to padlock the premises when the LESSEE is in default of
payment for One (1) month and may forfeit whatever rental deposit or advances have been given by
the LESSEE.
6. SUB-LEASE: The LESSEE shall not directly or indirectly sublet, allow or permit the leased
premises to be occupied in whole or in part by any person, form or corporation, neither shall the
LESSEE assign its rights hereunder to any other person or entity and no right of interest thereto or
therein shall be conferred on or vested in anyone by the LESSEE without the LESSOR'S written
approval.

7. PUBLIC UTILITIES: The LESSEE shall pay for its telephone, electric, cable TV, water, Internet,
association dues and other public services and utilities during the duration of the lease.

8. FORCE MAJEURE: If whole or any part of the leased premises shall be destroyed or damaged by
fire, flood, lightning, typhoon, earthquake, storm, riot or any other unforeseen disabling cause of acts
of God, as to render the leased premises during the term substantially unfit for use and occupation of
the LESSEE, then this lease contract may be terminated without compensation by the LESSOR or by
the LESSEE by notice in writing to the other.

9. LESSOR'S RIGHT OF ENTRY: The LESSOR or its authorized agent shall after giving due notice
to the LESSEE shall have the right to enter the premises in the presence of the LESSEE or its
representative at any reasonable hour to examine the same or make repairs therein or for the
operation and maintenance of the building or to exhibit the leased premises to prospective LESSEE,
or for any other lawful purposes which it may deem necessary.

10. EXPIRATION OF LEASE: At the expiration of the term of this lease or cancellation thereof, as
herein provided, the LESSEE will promptly deliver to the LESSOR the leased premises with all
corresponding keys and in as good and tenable condition as the same is now, ordinary wear and tear
expected devoid of all occupants, movable furniture, articles and effects of any kind. Non-
compliance with the terms of this clause by the LESSEE will give the LESSOR the right, at the
latter's option, to refuse to accept the delivery of the premises and compel the LESSEE to pay rent
therefrom at the same rate plus Twenty Five (25) % thereof as penalty until the LESSEE shall have
complied with the terms hereof. The same penalty shall be imposed in case the LESSEE fails to leave
the premises after the expiration of this Contract of Lease or termination for any reason whatsoever.

11. JUDICIAL RELIEF: Should any one of the parties herein be compelled to seek judicial relief
against the other, the losing party shall pay an amount of One Hundred (100) % of the amount
clamed in the complaint as attorney's fees which shall in no case be less than P50,000.00 pesos in
addition to other cost and damages which the said party may be entitled to under the law.

12. This CONTRACT OF LEASE shall be valid and binding between the parties, their successors-in-
interest and assigns.

IN WITNESS WHEREOF, parties herein affixed their signatures on the date and place above
written.

(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 CTC Number Date/Place Issued

(Name of Lessor) 10000000 February 24, 20__ / Cavite City

(Name of Lessee) 10000000 January 07, 20__ / Makati

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.

Notary Public
Doc. No.______;
Page No. ____;
Book No.______;
Series of 20___.

REAL ESTATE MORTGAGE KNOW ALL MEN BY THESE PRESENTS: This Real Estate
Mortgage made and executed by and between: _______________________, of legal age, Filipino,
single / married to _________________, with residence at ______________________, and
hereinafter referred to as the “MORTGAGOR”,

-and- _______________________, of legal age, Filipino, single / married to _________________,

with residence at ______________________, and hereinafter referred to as the “MORTGAGEE”.

WITNESSETH: That – WHEREAS, the MORTGAGOR is the absolute and registered owner of a
parcel of land situated at ____________________________________, covered by Transfer
Certificate of Title No. __________ of the Registry of Deeds for _______________;

WHEREAS, the MORTGAGOR is indebted to the MORTGAGEE in the principal sum of

___________________________ (Php__________), Philippine currency, under and by virtue of a
Promissory Note (“Note”) attached herewith and made an integral part hereof as Annex “A”;

WHEREAS, the MORTGAGOR has agreed to secure the payment of the Note to the MORTGAGEE
by means of a good and valid mortgage upon the property herein described below;

NOW, THEREFORE, for and in consideration of the foregoing premises and as security for payment
of the aforesaid obligation, the MORTGAGOR has transferred and conveyed, and by these presents
transfer and convey by way of MORTGAGE, unto the MORTGAGEE, his/her heirs, successors or
assigns the aforesaid parcel of land [with/without improvements] situated at
_______________________________, and more particularly described as follows:

TRANSFER CERTIFICATE OF TITLE NO. ___________ Registry of Deeds for

__________________ [Insert technical description here]

It is agreed and understood that if at any time the MORTGAGOR shall fail or refuse to pay the
obligations herein secured, or default in any installment(s) and/or amortization(s) of such
indebtedness or the principal obligation when due, or to comply with any of the conditions and
stipulations herein agreed or in the separate instruments evidencing the obligations hereby secured or
shall, during the time this mortgage is in force, institute insolvency, suspension of payment or similar
proceedings, or be involuntary declared insolvent or writ of garnishment and/or attachment be issued
against any of the assets or income of the MORTGAGOR or if this mortgage cannot be recorded in
the Registry of Deeds, then all the obligations of the MORTGAGOR secured by this Mortgage shall
immediately become due and payable and defaulted and the MORTGAGEE may immediately
foreclose this mortgage judicially, or extra-judicially pursuant to Act No. 3135, as amended.

The MORTGAGEE is hereby appointed attorney-in-fact of the MORTGAGOR, with full power and
authority to take actual possession of the mortgaged property at once, and to forthwith foreclose this
mortgage judicially, or to sell the above-described properties extra-judicially in accordance with Act
No. 3135, as amended, and to take such other action(s) as he may be deem necessary to recover the
amount due; and in the event of such judicial or extra-judicial foreclosure or other legal action, the
MORTGAGEE shall be entitled to compensation for expenses, attorney’s fees and costs of
collection, which is stipulated to be twenty five percent (25%) of the indebtedness then unpaid but
not less than Php50,000.00. The condition of this mortgage is such that if the MORTGAGOR shall
well and truly pay or cause to be paid to the MORTGAGEE the obligation in the principal sum with
accrued interest, according to the terms and tenor hereof, then this mortgage shall thereby fully
discharge and without further effect; OTHERWISE, it shall remain in full force and effect and shall
be enforceable in the manner provided by law.

IN WITNESS WHEREOF, the parties have caused these presents to be signed on

___________________, 20____ at _____________________________.
________________________ ________________________ Mortgagor Mortgagee

SIGNED IN THE PRESENCE OF: __________________________

__________________________ ACKNOWLEDGMENT BEFORE ME, a Notary Public for and in
______________________ this _________________________, personally came and appeared:
Name Competent Evidence of Identity Place Issued/Validity Period ________________
______________ ______________________ ________________ ______________
______________________ ________________ ______________ ______________________
________________ ______________ ______________________ known to me and to me known to
be the same persons who executed the foregoing Real Estate Mortgage and they acknowledged to me
that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL, at the date and place first above written.
Doc. No. ____;
Page No. ____;
Book No. ____;
Series of ____.

ANNEX “A” PROMISSORY NOTE FOR VALUE RECEIVED, the undersigned Maker, promises
to pay to the order of ___________________________, (hereinafter referred to as "Payee";
Payee together with any subsequent holder hereof or any interest herein being hereinafter referred to
as "Holder") at _____________________________, or at such other place as the Holder may from
time to time designate in writing, without grace, except as may be otherwise expressly provided for
herein, the principal sum of ______________________ PESOS (Php____________), together with
interest from the date hereof at a rate of twelve percent (12)% per annum on the unpaid principal
balance from time to time outstanding in accordance with the following provisions:

(a) Commencing ______________ 20______, and on the ____ day of each and every month
thereafter until _____________, 20______, the undersigned shall pay to Holder equal installments of
___________________________ PESOS (Php___________), including principal and accrued
interest on the unpaid principal balance. The entire outstanding principal balance shall be due and
payable in full on or before ________________, 20______. Any default or delay in the payment of
any installment shall bear a penalty interest of three percent (3%) per month.

(b) This Note is secured by a Mortgage of even date herewith executed by the undersigned in favor
of the Payee herein, which is a lien on certain collateral security as described therein.

(c) The Maker shall have the right at any time or from time to time to pay all or a portion of the
principal without premium or penalty.

(d) Should suit be brought to recover on this Note, or should the same be placed in the hands of an
attorney for collection, Maker promises to pay Holder attorney fees equal to fifteen percent (15%) of
the outstanding amount and costs incurred in connection therewith. This Note shall be governed and
construed accordance with the laws of the Philippines, and suit hereon may only be brought before
the Regional Trial Court of ____________ City, Metro Manila, to the exclusion of all other venues.

(e) Failure of Holder to exercise any option hereunder shall not constitute a waiver of the right to
exercise the same in the event of any subsequent default or in the event of the continuance of any
existing default after demand for strict performance hereof.

(f) Maker hereby waives demand, diligence, presentment for payment, protest or notice of demand
and exercise of any option hereunder. Maker or each individual and entity signing this note, whether
or not as a Maker, agree that the granting of any extension or extensions of time for payment of any
sum or sums due hereunder, or under any other instrument securing this note, or for the performance
of any covenant, condition or agreement hereof or thereof or the release of other or additional
security shall in no way release or discharge the liability the Maker or any signor or any guarantor
hereof.

(g) Time is of the essence of this note and each and every term and provision herein is intended to
insure the prompt payment of the obligation.

IN WITNESS WHEREOF, the parties hereto have executed this Note this ________________,
20____ at _____________________________. Maker/Borrower: _____________________ _
Witnesses: ________________________ Payee: _______________________________
________________________
Aa