CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease originally made and entered into on 21st of February 2024 by and between:

MA. ANDREA FIMMELA MORONG GAMULO, Filipino citizen, legal age, residing at 2567
A. Bonifacio St., Bangkal Makati City, Philippines, hereinafter referred to as the “Lessee”.

-and-

REAN GELENY H. LATAZA, Filipino Citizen, legal age, residing at 6054 Arezzo Place A.
Sandoval Ave., Barangay Pinagbuhatan Pasig City, Philippines, hereinafter referred to as
the “Lessor”.

W I T H N E S S E T H:

WHEREAS, Lessor is the absolute owner of the residential unit located at Unit 6054, Building 6, Arezzo
Place A. Sandoval Avenue, Barangay Pinagbuhatan, Pasig City, Metro Manila, Philippines, hereinafter the
“Leased Premises”;

WHEREAS, Lessee desires to lease the Leased Premises and Lessor is willing to lease the same unto Lessee
subject to the terms and conditions hereinafter specified;

NOW THEREFORE, for and in consideration of the foregoing and mutual covenants herein contained,
Lessor does hereby lease, let, rent and deliver by way of lease unto Lessee the Leased Premises, subject
to the following terms and conditions:

1. TERM.
This leased shall be for a period of TWELVE (12) Months commencing on 21st of February
2024 and expiring on 20th of February 2025.

2. MONTHLY FEES.
The Parties hereto agree that the monthly rental fees for the Leased Premises, shall
include:
a. Monthly dues of Ten Thousand Pesos Only (P 10,000.00) Philippine Currency as
monthly rental fee must be paid on or before the 26th of every succeeding month.
Electricity Bills and Water Bills must be directly paid to the Lessor by the Lessee
promptly once the Bills are forwarded and received within Forty Eight Hours (48)
after, to avoided disconnection.

3. SECURITY DEPOSIT.
The Parties hereto agree that the sum of equivalent to Two (2) Months Rental Fees of
Twenty Thousand Pesos (P 20,000.00) Only representing deposit to cover any unpaid
official or certified bills for water, electricity and other utilities used or consumed in the
Leased Premises, or damages to the Leased Premises other than those arising from
natural wear and tear.

The balance of this security deposit shall be refunded by the Lessor to the Lessee within
Sixty (60) days from the termination of this lease, together with an itemized and detailed
statement of the application thereof and the supporting bills and invoices.

The amount of Security Deposit is subject to forfeiture in favor of the Lessor, if the Lessee
for any reason pre-terminates the Lease before the agreed expiration of the Lease.

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 4. PAYMENT.
Lessee shall pay to the Lessor the sum of Thirty Thousand Pesos (P 30,000.00) Only for
One (1) One Month Advance Rental & Two (2) Months Security Deposit, before
occupying the said premises or prior to the commencement date of this contract.

5. RENEWAL.
Contract of Lease may be renewed once at the option of the Lessee under the terms and
conditions described herein provided that the Lessee (or the designee) shall notify Lessor
not later than sixty (60) days prior to the expiry date of the Lease Contract.

Subsequent renewals may occur by mutual agreement between the parties therein
provided that the Lessee (or her designee) shall notify Lessor not later than the sixty (60)
prior to the expiry date of the Lease Contract.

In the event of renewal, Lessor shall credit the previously paid security deposit to the
renewed contract. Lessee shall remit advance payment of rental fees and the
homeowner’s association dues to the Lessor.

6. UTILITIES.
All expenses for Water, Electricity, Gas, Telephone Services, Internet Connection, Cable
TV and other public utilities used or consumed in the Leased Premises, shall be for the
sole account of the Lessee.

7. RESIDENTIAL PURPOSE.
The Leased Premises shall be used solely for residential purposes by the Lessee. The
Leased Premises shall not be used for any other purpose nor shall the same be subleased
without the prior written consent of the Lessor.

8. ALTERATIONS, ADDITIONS, IMPROVEMENTS, ETC.

Lessee shall not make any major structural alterations, additions or improvement in the
Leased Premises without the prior written consent of Lessor. Any and all such alterations,
additions or improvements made by the Lessee on the Leased Premises except moveable
furniture and fixtures put in at the expense of the Lessee and which are removable
without defacing or injuring the Leased Premises, shall become property of the Lessor
and shall remain upon and be surrendered with the Leased Premises as part thereof upon
the termination of the lease without compensation to Lessee.

9. SANITATION AND REPAIRS.

Lessee shall keep the Leased Premises clean and in sanitary condition. Lessor shall be
responsible for all major repairs on the Leased Premises and on Water, Electrical and
sewage installations caused by ordinary wear and tear, deterioration or damage caused
by attributable to dry rot, fungi, termites or structural defects, except repairs due to the
default of the Lessee, its designated occupants, employees, guest or visitors, or those
which are the direct result of negligence on the part of the Lessee. Upon moving out,
cleaning will be handled by the Lessor. The Lessee will pay Three Thousand Pesos
(P3,000.00) only for the service. For the purposes for this provision, the term “major
repairs” shall refer to those which will entail an expenditure of more than FIVE
THOUSAND AND ONE PESOS (PHP 5,001.00) such repairs shall be undertaken by Lessor
within fifteen (15) days from its receipt from Lessee of the notice of the necessity of such
major repairs. Should Lessor fail to commence such repairs within the said period of
fifteen (15) Lessee may undertake may undertake the said repairs and charge the cost
thereof to Lessor.

CONFIDENTIAL
 Repairs costing FIVE THOUSAND PESOS (PHP5,000.00) or less shall be considered “minor
repairs” and shall be for the account of the Lessee.

10. FIRE HAZARDS AND OBNOXIOUS SUBSTANCES.

Lessee shall not keep, deposit or store in the Leased Premises any obnoxious or
flammable materials which may constitute a fire hazard, except those which are
reasonable necessary for the purpose for which this Lease is intended. Lessee shall not do
any act, which may invalidate any existing fire insurance policy over the Leased Premises
or increase the Fire Insurance rate thereon.

For purposes of compliance by Lessee of this provision, Lessor shall furnish Lessee copies
of any and all fire insurance policies taken out by Lessor over the Leased Premises.

11. TAXES, DUES AND INSURANCE.

Real Estate Taxes, government assessments, fire insurance charges and similar
assessments shall be for the sole account of Lessor. Special Assessment that may be
imposed by the condominium and/or building association shall likewise be for the account
Lessor.

Withholding tax and/or VAT, if applicable, shall be the responsibility of the Lessee.

12. THIRD PARTY LIABILITY.

Lessee, during its occupancy of the Leased Premises, shall hold Lessor free and harmless
form any damage, liability, or responsibility to any person or property arising out of or as
a consequence of the use of the Leased Premises by Lessee. When such damage or liability
is caused by fortuitous events or acts of God, such as typhoons, earthquakes, floods, civil
disturbances, riots or coup d’etat and similar events beyond the control of the Lessee, the
latter shall not liable to Lessor.

13. SUBSTANTIAL DAMAGE TO PREMISES.

Lessor covenants that Lessee shall have peaceful and quite enjoyment of the Leased
Premises. In case of substantial damage to the Leased Premises or any portion thereof by
fire, typhoon, earthquake or any other cause, Lessee shall give immediate notice thereof
to Lessor.

If the Leased Premises be damage by fire, typhoon, earthquake or other natural

calamities, civil disturbances or such other events beyond the control of Lessee, without
the fault or negligence of Lessee, the injury or damage shall be repaired at the expense of
Lessor as speedily as possible after such notice. If due to damages caused by natural
calamities or events beyond the control of and without the fault or negligence of Lessee,
the Leased Premises or any portion thereof is rendered unsuitable for occupancy, Lessee
shall be entitled to rescind this Contract and/or to a refund of a proportionate amount of
the rentals paid in advance.

In case of rescission, which may be executed by Lessee by the service of ten (10) days
advance written notice on Lessor, the deposit (after deduction of unpaid bills as provided
above) and any unused or unapplied advance rentals shall be returned or refunded to
Lessee within forty five (45) days from the date of rescission. Nothing in this paragraph
shall exempt Lessee from liability to Lessor for damages directly caused by the fault or
negligence of Lessee.

14. RETURN OF THE LEASED PREMISES.

Upon the termination of this Contract for any reason whatsoever, Lessee shall
immediately vacate the Leased Premises, turn over all the keys and return possessions
thereof to Lessor.

CONFIDENTIAL
 15. VIOLATIONS.
Any violations of the terms provided for in this Contract on the part of the Lessor or Lessee
shall be sufficient ground for the termination of this Contract by the Aggrieved Party, after
notice given to the party at fault, and the latter fails to rectify the same.

16. INTERRUPTIONS OR HINDRANCE.

Any interruption or hindrance in the use by the Lessee of the Leased Premises due to
repairs shall not entitle Lessee to any damages or compensation whatsoever, but its shall
be the cause for a proportionate reduction of rentals.

17. ENTRY OF LESSOR.

Lessor and/or his Authorized Representative shall have the Right to enter the Leased
Premises at a reasonable time with the prior written consent of the Lessee in order to
show the Leased Premises to prospect buyers or other tenants to examine the same, to
make any repairs, or any purpose which Lessor may deem necessary for the maintenance
of the Lease Premises.

18. NON-WAVER.
The failure of either party to enforce any or all of its rights hereunder, or to resort to any
or all of the remedies available to it under this Contract, shall not be deemed a waiver or
abandonment of such rights. No waiver shall be deemed to have been made unless
expressed in writing and signed by the party concerned.

19. WARRANTS OF THE LESSOR.

The Lessor warrants to the Lessee the peaceful, adequate and continuous use and
occupation of the residential unit, free from any claims of ownership or possession from
any other person or party for the entire duration of period of this Contract of Lease.

20. DEFAULT – The LESSEE shall be considered in default if he/she fails to pay one month rental
through no fault of the LESSOR and shall give the LESSOR the right to AUTOMATICALLY, CANCEL,
RESCIND or TERMINATE this agreement by PADLOCKING without any need of notice or prior
judicial action. The LESSEE further agrees that the deposit shall be forfeited in case of default.

21. LITIGATIONS.
In the event that litigations should arise out of the Contract, the venue for the case shall
exclusively be in the Courts of Pasig City by agreement of the parties, to the exclusion of
all other courts;

IN WITNESS WHEREOF, the parties have signed this Contract of Leased on the date and at the place first
above written.

BY:

2/21/2024
REAN GELENY H. LATAZA MA. ANDREA FIMMELA MORONG GAMULO
LESSOR LESSEE

SIGNED IN THE PRESENCE OF:

___________________________ 2/21/2024
___________________________
GAMALIEL N. LATAZA SAENG MAE P. BARK

CONFIDENTIAL
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

) S.S

BEFORE ME, a Notary Public for and in _________________ this ______ day of February 2024,
personally appeared;

REAN GELENY H. LATAZA ________________ ID NO. _________________

MA. ANDREA FIMMELA MORONG GAMULO ________________ ID NO. _________________

Personally known to me and to me known to be the same persons who executed the foregoing instrument
which they signed and acknowledged before me to be their free and voluntary act and deed and that of
the corporation they represent.

The foregoing instrument relates to a Contract of Leased consisting of five (5) pages including this page
on which this Acknowledgement is written and has been signed at the bottom and on the left margins of
each and every page hereof by the Parties hereto and their instrument witnesses and sealed with my
notarial seal.

IN WITNESS MY HAND AND MY SEAL, this _____ of February 2024 at __________________,

Philippines.

Doc. No. _____

Page No. _____
Book No. _____
Series of 2024

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