CONTRACT OF LEASE KNOW ALL BY THESE PRESENT: ‘This CONTRACT OF LEASE made and entered in the City Hall of imus City, Province of Cavite Philippines by and between, REY Q@ CABILLA JR. . of legal age, Filipino and resident of hereinafter called the “LEASOR”. sande of legal age, Filipino and resident at . Phillipines. hereinatter called the “LESSEE”. w WHEREAS, the LESSOR is the proprietor and developer of the Commercial Building known as AIDE PARAMETERS CONSTRUCTION BUILDNG situated at B8 L17 P4A Commercial AreaHamilton Homes, Bukandala 3,lmus City, Cavite. WHEREAS, the LESSEE is desirous of renting and __ thereof; NOW , THEREFORE, for and in consideration of the foregoing premises and of payment of rent, LESSOR hereby lets unto LESSEE who hereby hires and take from LESSOR and acknowledges receipt of the premises in good and clean, and tenantable condition under the covenants set forth herein below which the LESSEE accepts, to wit: ‘TERMS AND CONDITION: 1. LEASED PREMISES. It shall be understood that the subject of this Lease shall be limited solely to the use of space inside the unit or shall mentioned aboved ‘The LESSOR reserves the rights to use, alter, let the sublet all the other areas ‘outside of the unit subject of this lease, including all common areas. . PERIOD OF LEASE. The period of this Lease shall be for One (1) year starting on and ending on . AUTOMATIC RENEWAL. The LESSEE shall give the LEASOR thirty (30) days ‘written notice if he wishes not to renew this Lease. This contract shall be deemed renewed on its anniversary date under the same terms and condition upon continued occupation by the LESSEE and the absent of notice of termination by either party thereot . LESSEE’S RIGHT TO CANCEL. The LESSEE obliges herself to occupy the leased premises for the entire year under the Lease and annually for all renewal periods thereafter. Either party shal pay a penalty fee equivalent to one (1) month rent if she chooses to cancel or break this lease at any time during it's initial period or renewal periods thereafter . RENT. The LEASEE shall pay to the LEASOR or its duly authorized representatives a monthly rent in the sum of Six thousand five hundred pesos ‘only (Php 6,500.00). Philippine currency. . MANNER OF PAYMENT. The rent stipuiated herein shall become due and payable every first day of ensuring month without necessity of demand,