CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This contract of Lease written and executed by and between:

JOSEPH C. UY, of legal age, married to JUDY ANN P. UY, Filipino citizen, with
address at Maharlika Highway, Calamagui 2nd, City of Ilagan, Isabela herein referred to
as the “LESSOR”

-and-

_____________________, of legal age, Filipino citizen, with address at

_____________________________hereinafter referred to as the “LESSEE”

WHEREAS, the LESSOR is the legal owner of a residential apartment located at Naguilian Sur
(Lullutan Boundery), City of Ilagan, Isabela;

WHEREAS, the LESSEE is desirous of leasing from the LESSOR the said residential apartment
stated above, hereinafter referred to as the LEASED PREMISES, for the period, the price and
under the terms and conditions herein provided and the LESSOR has agreed to lease the same to
the LESSEE.

NOW THEREFORE, in consideration of the above premises and mutual promises, covenants,
and stipulations herein stipulated, the parties hereto have agreed and do hereby agree as follows:

1. TERM

The lease shall be a period of two (2) years, commencing on ___ day of ____, 2022 (the
“Term”) with the option to renew upon 45-DAY NOTICE given prior to its termination, upon
mutual consent of both parties.

2. RENTAL

The LESSEE shall pay for the use of the LEASED PREMISES the monthly rental of seven
thousand pesos (Php7, 000.00) per month, payable on or before the ____ of the beginning of
each month.

There shall also be a 5% increase in the monthly rental of the LEASED PREMISES upon
renewal of the contract every two years.

3. DEPOSIT

That the LESSEE shall deposit to the LESSOR prior to move-in a one (1) month advance and two
(2) months deposit equivalent to the rent for THREE (3) MONTHS or the sum of TWENTY ONE
THOUSAND PESOS (Php21,000.00).

4. USE OF PREMISE

The LESSEE shall use the LEASED PREMISES especially for residential purpose only and shall
not be devoted to any other kind of activities without the consent of the LESSOR in writing.
 No portion or area of the LEASED PREMISES shall be used in manufacturing or industrial
purposes or any other business similar. No illegal activities shall be allowed. Any illegal use or
business by the LESSEE in violation of this strict prohibition by the LESSOR shall make the
LESSEE solely responsible and likewise shall be held liable alone civilly and/or criminally.

5. WATER, ELECTRICITY, AND OTHER UTILITIES

The LESSEE shall be responsible for the payment of electricity bills, gas, internet subscription,
telephone, cable TV, and similar other services, for the whole duration of the lease.

The water bill is free of charge, for the LEASED PREMISES has its own water tank. In case
repairs or maintenance are required related to the water supply, the total service cost shall be
divided and be paid with the other LESSEES who are also using or benefiting from the said water
supply.

6. MAINTENANCE AND REPAIRS

The LESSEE shall keep the LEASED PREMISES in clean and sanitary condition and keep
them, at all times, in very good condition without any sign of vandalism or anything similar.

Drilling holes in the wall with nails is strictly prohibited. This can only be done if an electric drill
is used but still with the consent of the LESSOR.

The LESSEE shall repair, replace, or restore major or minor damages in the leased PREMISES
arising from his fault or negligence. Any major damage to the leased PREMISES without any
fault from the LESSEE shall be the responsibility of the LESSOR, who undertakes to cause
necessary repair immediately upon notice of the LESSEE.

Before moving in to the property, the LESSEE has inspected the PREMISES and found the same
to be in good and tenantable condition.

7. IMPROVEMENTS AND ALTERATIONS

The LESSEE shall not make any structural alteration, addition and improvement on the leased
PREMISES without the written consent of the LESSOR. Any structural alteration, addition and
improvement on the leased PREMISE shall not shouldered by the LESSOR.

8. THIRD PARTY LIABILTY

The LESSEE during his occupancy of the LEASED PREMISES shall hold the LESSOR free
from any liability or responsibility to any person or property arising out of or as a consequence of
the use of the LEASED PREMISES by the LESSEE, her agents, employees, clients and guests.
When such damage or liability is caused by fortuitous events or acts of God such as typhoon,
earthquake, flood, etc., which are beyond the control of the LESSEE, or by acts of the LESSOR,
or his agents, the latter shall not be liable to the LESSEE.

9. INSPECTION OF PREMISES

The LESSEE shall maintain the LEASED PREMISES in good and tenantable condition. The
LESSOR or his authorized representative/s reserves the right, at reasonable times with notice, to
enter and inspect the LEASED PREMISES.
 10. SUBLEASE AND ASSIGNMENT OF RIGHTS

The LESSEE shall not assign, sell, or transfer his leasehold rights to the LEASED PREMISES or
any part thereof without prior written consent of the LESSOR.

11. RETURNED OF LEASED PREMISES

Before moving out to the property, the LESSOR or his authorize representatives shall inspect the
LEASED PREMISES to find out if it’s in good and tenantable condition. The cost of repair or
service will be shouldered by the LESSEE for any damages found.

The LESSEE upon the expiration of this Lease Contract shall amicably surrender the LEASED
lost or impaired by the lapse of time, by ordinary wear and tear, or of a fortuitous event. Sixty
days prior notice and may also affix for a “For Rent” sign thereon.

1. BREACH OR DEFAULT

Should either party violate any of the terms and conditions of the Lease Contract, the aggrieved
party shall have the right to terminate this contract without prejudice to any claim arising
therefrom. However, before this provision shall take effect, the party guilty of the violation shall
be given 30 days to correct or make good the violation.

2. ENTIRELY OF AGREEMENT

This Lease Contract represents the entire agreement between the LESSOR and the LESSEE and
supersedes all prior negotiations, representations or agreements, either oral or written. This
contract may be amended only by written instrument signed and agreed by both parties.

IN WITNESS WHEREOF, the parties hereto affixed their signatures on this day of
in City of Ilagan, Isabela.

JOSEPH C. UY _____________________
LESSOR LESSEE

Signed in the presence of:

 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

Province of Isabela )S.S
City of Ilagan )

At the above-stated locality, on this ______ day of _______, 2022 before me personally appeared:

JOSEPH C. UY ____________________
LESSOR 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 four pages, 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 sealed with my notarial seal.

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

Notary Public

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