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PARKING LEASE AGREEMENT

LESSOR : ________________________
Merryl Tamayo / ADDRESS: ___________________________________
Unit 7A Paloverde Tower
Teresita Acelajado ___________________________________
Dansalan Gardens, 347 M. Vicente St.
___________________________________
Brgy. Malamig, Mandaluyong

LESSEE:________________________ ADDRESS: ___________________________________

___________________________________
___________________________________

BUILDING:_________________________________________
Paloverde Tower, Dansalan Gardens

PARKING SLOT NO.: ___________________

B4-143

TERM: _________________________________________
One year (May 25, 2024 to May 24, 2025)

MONTHLY RENTAL AMOUNT: PHP__________

5000
INCLUSIVE OF VAT, INCLUSIVE OF
MONTHLY DUES AND INCLUSIVE OF
COMMON AREA FEES.

PAYMENT SCHEDULE: UPON SIGNING OF THIS AGREEMENT LESSEE PAYS SECURITY DEPOSIT
EQUIVALENT TO ONE MONTH RENT AND SHALL SUBMIT POSTDATED CHECKS PAYABLE TO LESSOR OR
REPRESENTATIVE FOR SUCCEEDING MONTHLY RENTS.

OTHER TERMS AND CONDITIONS

1. The LESSEE shall use the Leased premises exclusively for parking use only. The LESSEE shall not
use the leased premises for any other purpose. No loss or damage in leased premises shall
impair the LESSEE’s obligations under this Agreement.

2. The LESSOR reserves the right to terminate the LEASE CONTRACT in the event that the parking
slot is already sold by the LESSOR and the LESSEE hereby agrees to vacate the said parking slot
within Fifteen (15) Calendar days after written notice by the LESSOR. After lapse of the Fifteen
(15) day notice, the LESSOR shall automatically have the right to repossess the leased premises
without need of further court action. All expenses incurred to re-possess the leased premises
shall be for the account of the LESSEE.

3. In the event of pre-termination due to Section 4, LESSOR may transfer the lessee to another
parking slot which is available for lease if there is any.

4. In case of pre-termination other than due to Section 2, the LESSEE must forward written
notice/advice to the LESSOR three(3) weeks prior to cancellation of contract. The rentals for the
period that the parking slot is not leased to any third party shall be charged to the LESSEE. In
case the unit shall have been rented out anew, the postdated checks for the remaining period
shall be returned by the LESSOR to the LESSEE. Any Pre-termination advice with less than
three(3) weeks’ notice shall not entitle the LESSEE to any refund. In any case security deposit
shall be forfeited in favor of the LESSOR.
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5. The LESSEE shall comply with any and all rules, regulations and policies currently existing or
which may be promulgated from time to time by the LESSOR or the relevant Condominium
Corporation as well as the rules, regulations, ordinances and laws established by all duly
constituted authorities of the Municipal / City or National Government arising from or regarding
the use, occupancy, sanitation and pollution of the leased premises.

6. The LESSEE will be responsible for securing required parking car pass and will only park his / her
vehicle at the designated parking slot and must display the car pass on the dashboard or
windshield for inspection or entry. Only Registered Cars will be allowed to use the said leased
slot. Any change of vehicle during the lease term must be subject for registration to Property
Management Office (PMO) and Leasing Department of the building.

7. The LESSEE agrees to vacate immediately and surrender the leased parking slot as soon as this
Agreement expires or is terminated. In the event that the LESSEE has not renewed his / her
contract with the LESSOR, the PROPERTY MANAGEMENT OFFICE (PMO) will have full authority
to confiscate car pass and barricade the Parking Slot. The LESSOR shall automatically have the
right to re-possess the leased premises without need of further court action. All expenses
incurred to re-possess the leased premises shall be for the account of the LESSEE.

8. Upon the dishonor by the bank of any of the post-dated checks or the LESSEE’s failure to pay
rent, associations due, common dues and / or the violation of any of the terms and conditions
of this AGREEMENT by the LESSEE, the LESSOR may immediately declare, without need of a
written notice, the LESSEE in default. Upon the LESSEE being in default, the LESSOR shall
exercise, in addition to any other remedies as may be prescribed by law, the following rights:

a) To terminate the Agreement without the need of any prior notice, demand or judicial
declaration;

b) To immediately repossess the Leased Premises without the necessity of instituting any court
or judicial action.

c) To demand and receive from the LESSEE payment for any and all unpaid rentals and other
financial obligations stipulated in, or arising out of this Agreement;

d) To demand and receive from the LESSEE payment for the rentals and fees corresponding to
the unexpired portion of the lease period;

9. The LESSOR and LESSEE may renew this agreement but solely on the discretion of the LESSOR
and under such terms and conditions as the parties may mutually agree. In the event that the
LESSEE wishes to renew this Lease, the LESSEE must notify the LESSOR in writing of its wish to
renew at least thirty 30) calendar days before the expiration of the lease. The LESSOR and
LESSEE shall endeavor to execute a contract of lease for the renewed term at least thirty (30)
calendar days before the actual expiration of this agreement.

10. The LESSOR shall not be accountable or liable for any loss, injury or damages that may be
suffered by the LESSEE, his/her family, agents, guests or his parked motor vehicle, by reason of
theft, robbery, arson or other crimes or caused by fire, earthquake, strike, demonstration, riot,
rebellion, typhoon, war or other unforeseen cause or event.

11. The LESSEE is not allowed to assign or transfer its right in this Agreement to another party
without the LESSOR’s prior written consent.
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12. The LESSEE hereby declares that he/she is the registered owner of the motor vehicle and agrees
to give the LESSOR a copy of the OR and CR. If the LESSEE is a corporation, the user of the leased
premises must secure authorization from the corporation.

IN WITNESS WHEREOF, the parties hereto have hereunto affixed their signatures this
_______________ at _______________________________.

LESSOR: _____________________
Merryl Tamayo / Teresita Acelajado
Signature over Printed Name
Date : ________________________
May 14, 2024
LESSEE : ____________________________
Signature over Printed Name
Date : ______________________________

Signed in the presence of:

_____________________ _____________________

ACKNOWLEDGMENT
Republic of the Philippines)
_____________________ ) SS.

BEFORE ME, a Notary Public for and in ___________________________ this

______________________ personally appeared the following persons whose identities I have
confirmed through competent evidence of identity bearing their pictures and signatures as described
below:

NAME TYPE OF ID. NUMBER DATE AND PLACE OF

ISSUANCE/EXPIRY DATE.

All known to me to be the same persons who executed the foregoing instrument consisting of ____
pages including this page where the Acknowledgment is written and they acknowledged to me that
the same is their free and voluntary act and deed as well as that of the entities that they respectively
represent.

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

Doc. No. _______;

Page No. _______;
Book No. _______;
Series of ________.