LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease is made and entered into this ____ th day of _________, 20__ at the City of
Paranaque, Philippines, by and between:

_______________________________of legal age, Filipino Citizen, single/married, with residence and

postal address at Unit __________________ FIELD RESIDENCES, _________, Paranaque City,
(hereinafter referred to as the "LESSOR")

- And –

____________________________of legal age, single/married, Chinese Citizen, with residence and

postal address at ____________________________, (Hereinafter referred to as the “LESSEE”);

WITNESSETH; That

WHEREAS, the LESSOR is the absolute and registered owner of a condominium unit/s situated at Unit -
_______________________ FIELD RESIDENCES (hereinafter referred to as the Leased Premises),
including the items inside the unit (see attached Annex A). The LESSOR has the responsibility to make
sure the unit/house is in good condition before the term of this lease start.

WHEREAS, the LESSEE desires to lease the above-described Property above mentioned;

WHEREAS, the LESSOR agrees to lease and let Leased the above premises to the LESSEE under the
terms and conditions of this Contract of Lease (hereinafter referred to as the “Contract”);

NOW, THEREFORE, for and in consideration of the payment and rent and the faithful compliance with all
the terms, provisions, conditions and covenants hereinafter contained, the LESSOR hereby leases and
lets unto the LESSEE, and the LESSEE does hereby accept, the Leased Premises under this Contract,
under the following terms and conditions:
 TERMS AND CONDITIONS

1. PURPOSES: The Leased Premises shall be used exclusively by the LESSEE for RESIDENTIAL
purposes only and shall not be diverted to other uses. It is expressly agreed that if at any time
the leased 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. The LESSOR shall be free from
any LIABILITY whatsoever, should the leased premises be devoted to any ILLEGAL
PURPOSE

2. TERM OF LEASE: The Term of Lease is for a period of ( ) MONTHS commencing from
______________ 2022, ending on ______________________ 2023. This lease contract may be
renewed THIRTY (30) days prior to its expiration under such terms and conditions as may be
mutually agreed upon by both parties, written notice of intention to renew the lease shall be
served to the LESSOR not later than thirty (30) days prior to the expiry date of the period herein
agreed upon.

3. RENTAL RATE: The LESSEE shall pay a monthly rental rate for the leased premises in the
amount of PESOS: ______________________________Philippine Currency, All rental payments
is payable to the LESSOR or its Authorized Representative without any need of demand.

4. PAYMENT SCHEDULE FOR DEPOSIT AND ADVANCE OR SUCCEEDING PAYMENTS: The

advance / succeeding payment(s) shall be made in Cash or deposit to the owner’s bank account
or checks with the schedule and scheme as follows:

PAYMENT TYPE AMOUNT DUE ON PERIOD

COVERED

MONTHS DEPOSIT UPON

SIGNING

MONTHS ADVANCE UPON

SIGNING

*** NOTHING FOLLOWS ***

5. SECURITY DEPOSIT: The LESSEE shall deposit a non-interest bearing Security Deposit to the
LESSOR an amount equivalent to ONE MONTH rent in the sum of Philippine PESOS:
_____________Philippine Currency, which shall be paid upon signing of this Contract and upon
LESSEE’S move-in. The Security Deposit shall be refunded, without interest, within thirty (30)
days after the expiration of the term of this Lease, upon the LESSEE’S satisfaction of all
obligations, representations and warranties to the LESSOR and after the LESSEE shall have
completely and satisfactorily vacated and delivered the Leased Premises to the LESSOR. Items
damage deductible to the Security Deposit includes but not limited to Unpaid Utility Bills such as
Electricity, Water, Telephone, Cable and Internet, common dues, etc;

Further, any damage to the furniture, fixtures, and/or appliances inside the unit, and/or violation of the
terms and conditions stated herein shall also be shouldered by the deposit (partially or fully).

6. DEFAULT IN PAYMENT: In case of default by the LESSEE in the payment of the rent, seven
business (7) days after payment is due, the LESSOR at its option may terminate this contract and
eject the LESSEE from the leased premises. The LESSOR has the right to padlock the premises
when the LESSEE is in default for one (1) month and may forfeit whatever rental security deposit
have been given by the LESSEE, after giving prior written notice to the latter.

7. SUB-LEASE: Sub-leasing of the condominium unit or any portion or space therein is prohibited.

8. RULES & REGULATIONS: During the lease period, the LESEE shall respectfully and religiously
abide by and follow all the Rules and Regulations being imposed by the Management or
Administrator of the leased premises’ property management.

9. PUBLIC UTILITIES: The LESSEE shall pay for its electricity, common dues, water, Internet
during the duration of lease. Association dues, Real Property Taxes & Insurances or other
personal expense in the account of the LESSOR shall be paid by the LESSOR. Furthermore, the
LESSOR only allows new application for public utilities upon written consent or authorization.
Application or installation fees incurred thereof shall be for the account and expense of the
applying LESSEE.

10. LESSOR’S RIGHT OF ENTRY: The LESSOR or its Authorized Representative shall after giving
due notice to the LESSEE shall have the right to enter the leased 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.

11. REPAIR, MAINTENANCE AND FORCE MAJEURE: The LESSEE shall, at his expense, maintain
the Leased Premises in a clean and sanitary condition. The LESSEE shall not bring into, or store
in, the Leased Premises, materials of a prohibited, poisonous, explosive, highly inflammable or
hazardous nature. The LESSEE shall not allow illegal drugs or substances to be formulated, kept
or used within the Leased Premises. The LESSEE shall not use the room for any illegal purpose
such as but not restricted to gambling, cockfighting, an illegal drug den, and other activities
deemed illegal by law. Repairs and maintenance costs arising from the normal wear-and-tear of
usage, including maintenance of water, electrical and sewage systems shall be for the sole
 account of the LESSEE. Repairs and maintenance arising from structural or hidden defects of the
Leased Premises or from acts of God or Force Majeure shall be for the account of the LESSOR.

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.

The LESSEE shall not be allowed to introduce repairs and the likes without the written consent of the
LESSOR.

12.
SALE AND ENCUMBRANCE OF LEASED PREMISES: The LESSOR, as the owner of the Leased
Premises, shall have the right to dispose, transfer, sell, assign, convey and encumber the leased
premises or any interests therein provided that the LESSOR shall stipulate in the instrument of
sale or encumbrance that the buyer of the Leased Premises shall abide by and honor the terms of
this Contract. In such case the payable rent accruing after the sale, transfer, assignment,
conveyance and encumbrance of the Leased Premises shall then be paid to the new owner of the
Leased Premises.

13. PRE-TERMINATION OF CONTRACT: The LESSOR shall have the right to pre-terminate the
Contract, One (1) month prior to the pre-termination date by serving a written notice to the
LESSEE, provided that the LESSOR shall not forfeit all the security deposits as a pre-termination
fee which constitutes damage incurred by the LESSEE due to the pre-termination. The LESSOR
should refund all the advance payment and security deposit without interest, within thirty (30)
days.

The LESSEE has the option to pre-terminate this Contract of Lease by notifying the LESSOR in writing
at least thirty (30) day prior to the intended pre-termination date. In such as case, all security deposit
payment of the LESSEE shall be forfeited in favor of the LESSOR,

Only upon the receipt of the pre-termination fee by the LESSOR and of the mutual consent of both
parties shall this contract be deemed extinguished.

14. 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 tenantable condition as the same is new, 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 any delivery of the premises and compel the LESSEE to pay
rent therefrom at the same rate plus twenty-five percent (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.
15. THIRD PARTY LIABILITY: The parties shall each hold the other party free and harmless from any
damages, liability or responsibility to any person or property arising out of or as a consequence of
the fault and negligence of the other party, his agents, employees, or guests.

16. BREACH OR DEFAULT: Violation of either party of any terms or conditions of this contract shall
entitle the aggrieved party to terminate this Contract by giving written notice to the other party of
such violation. Any breach or violation of any of the terms and conditions by a party of this
Contract shall be rectified within fifteen (15) days from receipt of the written notification from the
aggrieved party. Failure to rectify the violation will automatically give the aggrieved party the right
to terminate this Contract. In cases of pre-termination based on this section where the LESSEE is
the aggrieved party, the LESSEE shall not be liable to pay the LESSOR any pre-termination fee
on top of the forfeited payments, damages or any such amount.

17. NON-WAIVER: Failure of either party to insist upon a strict performance of any of the terms and
conditions thereof, shall not be deemed a relinquishment or waiver of any right or remedy which
that party may have, nor shall it be construed a waiver of any subsequent breach or default of the
terms and conditions hereof, which terms and conditions shall continue to be in full force and
effect. No waiver of either party of any of its rights under this contract shall be deemed to have
been made unless expressed in writing by such party within fifteen (15) days thereof.

18. SEPARABILITY CLAUSE: If any of one or more if the provisions of this Contract is declared
invalid, illegal or unenforceable in any respect under any applicable law, the validity, legality or
enforce ability of the remaining provisions contained herein shall not in any way be affected or
impaired.

19. 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 Percent (100%) of the
amount claimed in the complaint as attorney’s fees which shall in no case be less than Fifty
Thousand Pesos (₱ 50,000.00) in addition to other costs and damages which, the said party may
be entitled to under the law. Any action arising out of this Contract shall be filed exclusively with
the proper court of Paranaque City.

20.
BINDING EFFECT: All the terms, covenants and conditions and provisions of this Contract shall be in
binding and enforceable upon the parties and their heirs, executors, administrators, successors-in-
interest and assigns.

21. AMENDMENTS: No modification or amendment of this Contract shall be considered as having

been made unless executed in writing and duly signed by the parties hereto.

IN WITNESS WHEREOF, parties herein affixed their signature on the date and place above-
written
BY:

_______________________ _________________________

LESSOR LESSEE

Signed in the Presence of:

______________________ _______________________

WITNESS WITNESS

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

CITY OF ) S.S

BEFORE ME, personally appeared:

NAME COMPETENT EVIDENCE OF DATE/PLACE OF ISSUE

IDENTITY
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 six (6) 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 this day of ________________ in

___________________________, Philippines.

Doc. No. ________; NOTARY PUBLIC

Page No. ________;

Book No. ________;

Series of 2

ANNEX “A”

INVENTORY SHEET

This is to acknowledge receipt in good condition the following furniture and appliances on the rental of
Unit _____________ FIELD RESIDENCES Paranaque city .

( ）Air-con

( ）Curtains Sets

( ）Sofa set

( ）Dining Table

( ）Chairs

( ）Refrigerator

( ）Washing Machine
( ）Bed

( ）Center Table

( ）Cabinet

Other:____________________________________________________