CONTRACT OF LEASE

KNOW ALL MEN MY THESE PRESENTS:
This Contract executed b and bet!een:
DAISY DESCARTIN-CERDENA, o" #e$a# a$e% &i#i'ino and !ith
address at ()* Lunar St+% cor+ Aries St+% ,S-S% Matina% .a/ao Cit%
re'resented herein b her Attorne0in0"act EUNICE GARCIA
PAJO, a#so o" #e$a# a$e% &i#i'ino and a resident o" Ca$aan de Oro
Cit% hereina"ter re"erred to as the LESSOR1
AN.
CELESTE MANGAPURO MOLINA, o" #e$a# a$e% 2arried%
&i#i'ino and !ith address at 34 5u'iter St+% ,S-S% Matina% .a/ao
Cit% hereina"ter re"erred to as LESSEE+
W-TNESSETH:
WHEREAS% the LESSOR is the abso#ute o!ner o" the co22ercia# bui#din$ #ocated at
()* Lunar St+% cor+ Aries St+% ,S-S% Matina% .a/ao Cit1 and the LESSEE desired to #ease the
sa2e under the "o##o!in$ ter2s and conditions:
(+ LEASE. PROPERTY 0 The #eased 'ro'ert re"ers to the co22ercia# s'ace 6.oor )7+
The LESSEE acce'ts the sa2e #eased 'ro'ert in such condition as0is in order to "it its desi$n
and '#ans+
8+ TERM 9 The #ease sha## be "or a ter2 o" one 6(7 ear% co22encin$ on 5u# (:% 8;(3
endin$ 5u# (3% 8;(:% rene!ab#e on# u'on 2utua# consent and !ritten notice b either 'art to
the other% not #ater than <; das 'rior to the ex'iration o" the ori$ina# ter2+ The ter2 o" #ease
sha## be strict# obser/ed+ -n case the LESSEE desires to 're0ter2inate the #ease be"ore the
ex'iration o" ter2% the LESSEE sha## continue to be res'onsib#e "or the 2onth# renta#+
)+ RENTAL% A.=ANCE RENTAL% ,RACE PER-O. and PENALTY 0 The 2onth#
renta# sha## be at TEN THO>SAN. PESOS 6Ph'(;%;;;+;;7% 'aab#e in ad/ance+ The LESSEE
sha## a#so 'a the !ithho#din$ tax due to the ?-R and co' o" 'a2ent@re2ittance sha## be $i/en
to the LESSOR+
A.=ANCE RENTAL 9 >'on si$nin$% the LESSEE has 'aid an ad/ance renta#
eAui/a#ent to one 6(7 2onth or TEN THO>SAN. PESOS 6Ph'(;%;;;+;;7% a''#icab#e "or the
5u# (: 9 Au$ust (3% 8;(3+
,RACE PER-O. 9 Renta# sha## be due e/er (
st
da o" the 2onth% !ith a $race 'eriod o"
) das+ -n case o" rene!a#% renta# sha## be subBect to increase to be re#aed b the LESSOR <;
das be"ore ex'iration% considerin$ the 2arCet conditions+
POST0.ATE. 9 Pa2ents sha## be co/ered b the Post0.ated ChecCs+ Pa2ent sha## be
considered on# a"ter encash2ent o" checCs+ -n case o" return o" checC% the sa2e checC sha## be
redee2ed in cash% '#us a## char$es and ex'enses+
PENALTY 9 An additiona# a2ount sha## be char$ed as Pena#t "or de#aed 'a2ents
eAui/a#ent to Ph':;+;; 'er da o" de#a+
Pa$e ( o" 3
3+ .EPOS-T 9 >'on si$nin$% the LESSEE has "urnished a de'osit in an a2ount
eAui/a#ent to t!o 687 2onths renta# or T!ent Thousand Pesos 6Ph' 8;%;;;+;;7+ The de'osit
sha## ans!er "or an da2a$es% un'aid uti#it bi##s and "or an e/ent or conditions under this
a$ree2ent !hich 2a reAuire ex'enses char$eab#e to the LESSEE1 and "or this 'ur'ose% the
LESSEE hereb authoriDes the a''#ication o" the said de'osit+
:+ POSSESS-ON and R-,HT TO ENTER 9 >'on the e""ecti/it o" this #ease% the
LESSOR de#i/ers to the LESSEE the Ces to the #eased 're2ises and 'ossession thereo"+
Ho!e/er% the LESSOR reser/es the ri$ht to enter the #eased 're2ises to checC on the LESSEEES
co2'#iance !ith the ter2s o" this contract+
<+ >SE. O& THE LEASE. PROPERTY 9 The #eased 're2ises sha## be used
exc#usi/e# b the LESSEE "or the business or co22ercia# 'ur'ose1 and sha## not be used "or
an other 'ur'ose% inc#udin$ but not #i2ited to as a residence% $a2b#in$ den% 'rostitution% bar or
drinCin$ '#ace+
F+ OCC>PANTS 9 The #eased 're2ises sha## be used exc#usi/e# b the LESSEE "or
the business or co22ercia# 'ur'ose1 and sha## not be used "or an other 'ur'ose% inc#udin$ but
not #i2ited to as a residence% $a2b#in$ den% 'rostitution% bar or drinCin$ '#ace+
*+ CARE% PEST CONTROL% PETS 6not a##o!ed7 9 The LESSE sha## at its ex'ense
2aintain the #eased 'ro'ert in a c#ean and sanitar condition% "ree "ro2 obnoxious odors and
disturbin$ noises+ The LESSEE sha## "urther be res'onsib#e "or 'est contro#+ No 'ets are a##o!ed
!ithin the #eased 're2ises+
4+ REPA-RS 9 Re'airs arisin$ out o" dai# use o" the #eased 're2ises sha## be done b
the LESSEE at its@his@her ex'ense !ithout need o" rei2burse2ent "ro2 the LESSOR+
The LESSEE sha## be res'onsib#e to re'#ace #i$ht "ixtures% "aucets% toi#ets bo!#s@tanCs@
"#ush% sinC% doors% door Cnobs and other 'arts@"ixtures in the #eased 're2ises+ The re'#ace2ent o"
the said "ixtures sha## be o" the sa2e Aua#it and Auantit1 and a## ex'enses% #abor and 2ateria#s%
"or re'#ace2ent sha## be borne b LESSEE+
(;+ >SE. O& THE LEASE. PROPERTY 9 The #eased 're2ises sha## be used
exc#usi/e# b the LESSEE "or the business or co22ercia# 'ur'ose1 and sha## not be used "or
an other 'ur'ose% inc#udin$ but not #i2ited to as a residence% $a2b#in$ den% 'rostitution% bar or
drinCin$ '#ace+
((+ >SE. O& THE LEASE. PROPERTY 9 The #eased 're2ises sha## be used
exc#usi/e# b the LESSEE "or the business or co22ercia# 'ur'ose1 and sha## not be used "or
an other 'ur'ose% inc#udin$ but not #i2ited to as a residence% $a2b#in$ den% 'rostitution% bar or
drinCin$ '#ace+

Pa$e 8 o" 3

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