CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS

That the LESSOR,__________________________________ For and in consideration

Of the payment of the stipulated rentals and compliance with the terms and condition herein agreed
upon by the LESSEE/S.______________________________________________________
Of legal age, Filipino, and resident of __________________________________________
Do hereby LEASE and LET, as by these presents, have so LEASED and LET unto the said LESSEE/S who
hereby ACCEPT/S in leased the premises situated and otherwise dominated as UNIT__of
_________________________________________________________________________
Of which the LESSOR are the owners, subjects to the following conditions, to wit.

1. TERM – This lease shall be for period of one (1) year commencing on ______________
2020 and expiring on________2021.Notice to continue the lease should be made forty five (45) days prior
To the end of this term for negotiations, subject to a new rate (7% increased in rental) and other terms
and conditions to be mutually agreed upon by both parties.

Should the LESSEE decide to pre-terminate the contract for any reason whatsoever, he shall give the
LESSOR forty five (45) days advance notice in writing and the LESSOR shall have the right to collect for
two months after the effective date of termination, unless the LESSEE is pre-terminating the lease on
account of any violation by the LESSOR of the terms of this contract.

That should the LESSEE stay in the premises beyond fifteen(15) days after the expiration of the original
or renewal period, the same shall not be construed as a waiver of the right of the LESSOR to eject the
LESSEE hereby waiver his right under article 1670 of the new civil code.

2. RENTALS – For the use, possession and occupancy of the Leased and Property the LESSEE shall pay a
monthly rental of ________________________________________________________________________
Net of value Added Tax, and any other national or local tax arising out of or in connections with this
contract, without need of demand of the LESSORS, it being understood that any rental in arrears shall
bear interest at the rate of 3% per month, computed from the date of default until fully paid without
prejudice to the right of the LESSORS to terminate this CONTRACT on account of such default;
The LESSEE shall pay in advance_____________________________________________________________
Corresponding to one month rental and issue 11 post-dated checks of the same amount to cover for the
period from_____________________________________________________________________________

3. DEPOSIT – Upon the execution of this CONTRACT, the LESSEE/S shall deposit with the LESSORS an
amount equivalent to two (2) months rental, amounting to __________________________
To answer for any damage or injury which the LESSEE/S may sustain on account of this lease,
attributable to the LESSEE/S, unpaid utility bills and/or any claim the LESSOR may have against the
LESSEE, without limiting the demandable damage to which the LESSORS may be entitled to, the said
amount. If no such damage or injury is sustained or no utility bill is left unpaid, or LESSOR have no claim
against the LESSEE, the deposit upon the termination or expiration of the lease shall be returned to the
LESSEE/S without interest.
It is understood and agreed that the deposit shall never be used or considered as rental. However, if the
contract is terminated before the specified end of the contract, the deposit shall automatically be
forfeited in favor of the LESSORS. The making of the said deposit shall not relieve the LESSEE of his/her
obligation to pay the stipulated rentals as they become due as provided herein. Refund of deposit shall
be given after sixty (60) days from return of the actual possession of Leased Property to the LESSOR;

4. FAILURE TO PAY ON ME – In case of failure to pay the monthly rental in accordance with the
provisions of the Contract, the LESSOR shall have the right to disconnect any and/or all utilities or
facilities like electricity, water, telephone, cable, etc. with or without notice to the LESSEE/S; and the
LESSOR shall likewise have the right to padlock the door of the premises and/or remove the things,
property or belongings of the LESSEE/S and/or any person until the rental in arrears has been paid in
accordance with law or this Contract. The remedy of the LESSOR under this clause shall be without
prejudice with the LESSOR’s rights under this Contract

5. UTILITY SERVICES – The LESSEE/S will pay the installation and maintenance of other such services as
telephone, gas, cable and other related services enjoyed in the Leased Property. Upon request by the
LESSOR, the LESSEES shall provide a copy of the payment of the utility and/or similar bills.

SECURITY SERVICES – The LESSOR shall not be held liable or accountable for any loss or losses or
damages that may be suffered by the LESSEES or any visitor or occupant or any stranger in the Leased
Property by the reason of theft, robbery, and other crimes. The LESSEES shall provide the necessary
measures that will ensure and property from any loss or damage.

6. USE OF THE PREMISES – The Leased Property shall be used exclusively for the residential purposes.
The LESSEE/S shall not utilize the subject premises for any illegal or immortal purpose and he/she bind
himself/herself to keep the said premises in a good state of repair and in sanitary condition at his/her
own expense. The LESSEE/S shall be liable for any damage or injury caused by his/her family, his/her
visitors or other person by him/her allowed in the premises, irrespective of whether the said damage or
injury is caused by deliberate act or thru negligence. Only the LESSEE, his/her unmarried children and
househelp/s shall stay in the premises. At no time shall the number of persons living in the premises
exceed 4 . Any additional would be charged Php.1000.00 per month.

CARE OF THE LEASED PROPERTY AND IMPROVEMENTS/FURNISHINGS –

The LESSEES shall not drive nails, screws, hooks, or other abutments on the walls frames or other
portions of the Leased Property except as absolutely necessary without in any manner defacing nor
damaging any part of the Leased Property;

Drinking of alcoholic beverage, gambling and drugs are not allowed within the premises of the building.

There are only slots available for parking within the premises. An additional of Php per month will
be charged for utilization of the parking slot. Reservation for parking slots will be on a first come first
serve basis. Otherwise there is no provision for parking within or outside the premises: therefore,
LESSEE/S are not allowed to bring and back their vehicles inside or outside of the building.
11. SUB-LEASE AND ASSIGNMENT OF RIGHTS – One of the principal inducements which made the
LESSORS agree with this lease is the personal integrity of the LESSEE/S, consequently prohibited from
sub-leasing the subject premises or any portion thereof, nor shall he/she assign or transfer any of the
rights herein granted in this contract

12. IMPROVEMENTS – No improvement, alteration, or addition shall be made by the LESSEE’s without
the express prior written consent of the LESSORS and when such consent is given and the said
improvements, alteration or additions are made
13. The same shall upon the termination or expiration of this lease become the exclusive property of the
LESSORS without any obligations to pay the value thereof.

14. USURPATION – The LESSEE/S bind himself/herself to bring to the knowledge and attention of the
LESSOR within the shortest possible time every usurpation or untoward acts which may be committed
by third parties or which they maybe openly preparing to carry out on the Leased Property.

15. RIGHT TO INSPECT/SELL THE PREMISES – The LESSOR serve the right, which right is hereby expressly
granted by the LESSEE/S to inspect the leased premises and make repairs thereon and therein, during
the reasonable hours of the day and with prior notice to the LESSEE/S, and to sell the same however, in
any instrument of convenience conveyance provision shall be made to respect this lease until its
expiration

16. VIOLATIONS OF THE TERMS AND CONDITIONS –Should the LESSEE/S violate any of the term and
conditions contained herein, he/she shall pay liquidated damages in the amount of THIRTY THOUSAND
PESOS (PHP 30,000) aside from attorney’s fee, cost of suit and damages, Moreover, this contract will
give rise to right on the LESSORS to hold the LESSEE’s furniture, fixtures and appliances as pledge to
answer for and monetary obligations the LESSEE/S shall peaceably and quietly vacate the subject
premises. The right to appropriate, sell or dispose of the said properties to cover damages and other
obligations after a period of 60 days is hereby granted to the LESSORS. It is agreed that the LESSORS may
take possession of the subject premises without court action after (5) days from notice to LESSEE to
vacate.

17. TERMINATION OF THE LEASE – The LESSEE/S hereby manifest that he/she has thoroughly inspected
the leased premises and has found the same to be in a good and tenantable conditions and binds
himself/herself to quietly and peaceably surrender possession of the subject properly to the LESSORS
without any occupants and effects upon the expiration of this lease or earlier termination for any cause
or causes whatsoever, and substantially the same good and tenantable conditions it was upon the
commencement of contract.

18. AMENDMENT – The instrument embodies all the agreement of the parties in respect to the subject
matter hereof and renders null and void of no force and effect and all other agreement whether oral or
in writing entered into between the parties in respect thereto and the same may not be amended,
altered, or modified, except in writing signed by both parties. Failure of either party to insist on explicit
compliance with the terms and conditions contained herein shall not be constructed as a waiver thereof
or of any other provision of this contract.
7. REPAIRS – Majors repairs shall be for the account of the LESSOR. Major repairs are understood to be
those that affect the structural integrity of the premises leased such as leaking roofs rotten posts or
worn down walls and floors. Minor repairs shall be for the account of the LESSEE/S which are included
herein as part of the consideration of the lease. Minor repairs are understood as those referring to
plumbing and electrical wirings, toilet facilities, floors and windows and the like. It is understood that
the failure to make repairs shall not be ground to withhold payment of the stipulated rentals.

8. RULES AND REGULATIOS – In the use of occupancy of the Leased Property the LESSEE shall
scrupulously comply with all laws, ordinances and regulations promulgated by duly constituted
authorities as well as those rules and regulations promulgated by the LESSORS relative to the use,
sanitation, and security of the premises leased and his/her failure to comply shall be his/her own
responsibility and liability or the same might be ground for termination of this Contract.

LESSEE/S are prohibited from making noise or disturbing the peace and order within the building.
LESSEE/S should refrain from disturbing their next door neighbors otherwise these may be grounds for
termination of this Contract.

9. ABANDONMENT AND/OR DESERTION DUE TO ARREARS – In the event that the LESSEE abandons the
leased premises or otherwise leaves the same in an unoccupied condition before the expiration of the
term hereof as herein above specified, and/or said LESSEES are in arrears in the payment of their
rentals, the LESSOR shall have the right, in his sole discretion, to do any and/or all of the following: (a) to
enter the premises by breaking the locks and doors, if necessary, (b) to make the leased premises
available for occupancy to persons desiring to lease the same, (c) to remove the LESSEE’s equipment,
furniture and other effects and properties and/or hold the same to answer for the rentals due, (d) to
hold the LESSEE/S liable for the rentals for the unexpired period of lease, (e) to forfeit the two (2)
months deposit. In the absence of the LESSEE/S, the requirement of giving notice or demand shall be
considered as having been fulfilled if such notice and/or demand is/are posted at the door of the
premises. The right herein granted to the LESSOR shall be without prejudice to pertinent laws and/or
under this Contract. The LESSOR is no under obligation and shall not be liable/responsible for any loss or
damage to any of the properties removed from the Leased Property.

10. ANIMALS AND INFLAMMABLE MATERIALS – The LESSEE/S shall not keep any animals and other pets
in the leased premises, nor shall he/she allow to be stored in the leased premises any inflammable or
combustible materials, articles or substances which would expose the subject premises to rate thereon,
much less should she/he allow any condition or situation to exist therein which would interfere with the
comfort, convenience or security of the occupants of the neighboring residential business building or
which may otherwise constitute as a nuisance in the vicinity: