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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:
This Contract of Lease executed and entered into this day of _______ in the City of
Manila, Philippines by and between;
_______________________, of legal age, Married, Filipino and with postal address
at ________________________________________________________________, hereinafter
referred to as the “LESSOR”;
And
___________________, of legal age, and an employee a ______________________,
hereinafter referred to as the “LESSEE”

ACKNOWLEDGES THAT:
For the consideration of the payment of the lease rentals and the faithful
compliance by the LESSEE of all the conditions and the covenants of this Contact, the
LESSOR has agreed to lease unto the LESSEE, and the latter has agreed to accept, as it
hereby accepts under lease, _____________________________________________ owned
by the LESSOR, hereinafter referred to as the “LEASED PREMISES”.

1. LEASED PREMISES
a) The lease shall be for the period of One (1) Year(s) commencing on
____________, and ending on ____________. This lease may be
renewed upon terms and conditions mutually agreed upon by both
parties, provided that the LESSEE gives a written notice to the LESSOR
of his/her desire to renew the lease at least sixty (60) days before the
expiration of the Leased Period.
b) Should the LESSEE with express written consent of the LESSOR
continue to enjoy or hold over the LEASED PREMISES notwithstanding
the expiration of the Leased Period herein agreed such hold over shall
be construed as a tenancy from month to month upon the same terms
and conditions as herein contained. The LESSEE’s right to continue
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the LESSEE shall issue eleven (11) postdated checks (PDC) to cover the monthly rentals of the remaining months of the Leased Period or pay in cash every end of the month. Upon the execution of this contact. the LESSEE shall pay the LESSOR advance Rental of one (1) month which apply to the 1st month of the Lease Period in the amount of ______________________.possession under this agreement shall terminate at the end of each month without necessity of demand. 2. an amount equivalent to two (2) times the monthly rentals stipulated herein for each month of occupancy or a fraction thereof. the contract shall be deemed void. the LESSEE shall be liable for and shall pay the LESSOR by way of liquidated damages. water. the LESSEE shall pay the LESSOR in interest at the rate of 4% per month to be computed on a compounded basis until fully paid and the LESSOR shall have the right to disconnect all facilities like electricity. In case of thirty days arrears. c) If the LESSEE holds over the LEASED PREMISES notwithstanding the expiration termination or cancellation of the contract without the consent of the LESSOR as stipulated above and/or the LESSEE continue occupying the LEASED PREMISES against the wishes of the LESSOR. telephone without notice to the LESSEE. provided further that the payment of the LESSEE of such liquidated damages shall not be considered as payment of rentals nor shall it be considered to extend or renew this contract and the LESSOR does not in any manner lose its right to eject the LESSEE from the LEASED PREMISES. RENTAL a) The monthly rental on the LEASED PREMISES shall be ______________________. No implied new lease is created. the LESSEE’S one (1) month deposit (paragraph3a) will be forfeited and the LESSOR has the right to enter the premises either by force or otherwise without being liable to prosecution and negotiate to new prospective clients. d) Non-compliance of any requirements stated in the contract within (30) days from the date of signing. Page 2 of 11 . c) In case any check that the LESSEE issued for any month bounces. b) Moreover. for such occupancy or unauthorized use. this contract shall automatically be terminated.

Such amount less the amounts covering unpaid utility bills and damages to the premises aforementioned. if any. MERALCO.000. telephone and other utilities used by the LESSEE during the Leased Period to be paid directly to MWSI. will be refunded to the LESSEE not later than sixty (60) days after the LESSEE vacates the premises. not later than sixty (60) days after the final termination of this contract shall provide the LESSEE with written statements of account complete with receipts for public utilities and other supporting documents that shall record in detail now the one (1) month security deposit stipulated in paragraph3a of this contract was applied to the payment of the utility bills of the LESSEE as mentioned in paragraph4 including damage to the LEASED PREMISES which are attributable to the LESSEE’s fault or negligence. This security deposit shall be separate from the one (1) month advance rental that the LESSEE shall pay upon entering the premises provided under paragraph2 hereof. 3. which shall answer for utility bills and damages that are attributable to other than natural wear and tear and acts of God. UTILITIES The LESSEE shall pay or defray any and all costs for water. the LESSEE shall deposit to the LESSOR the amount equivalent to the SEVENTEEN THOSUAND PESOS ONLY (Php 17. b) It is expressly agreed that the LESSOR. such damages and unpaid rentals/utility bills shall be deducted from this security deposit and the balance.00) receipt of which is hereby acknowledged by the LESSOR. 4. The LESSEE renders the LESSOR free and harmless from any liability Page 3 of 11 .e) Failure of the LESSEE to continue the Leased Period as stated in paragraph1a would mean forfeiture of the SECURITY DEPOSIT. and PLDT. electricity. provided however that this guarantee/security deposit shall not be applied to payment of the current rentals during the term of this Contract. SECURITY DEPOSITS a) Upon the execution of this Contract. respectively. shall be refunded to the LESSEE in accordance with paragraph3b below.

in accordance with the House Rules and Regulations of the unit owners association herein and made part of this Contract as an Addendum hereof.or responsibility arising from non-payment of any of the aforementioned utility bills. that if at any time during the existence of the lease and without prior written consent of the LESSOR. roofs including glazing. MAINTENANCE AND CARE OF LEASED PREMISES The LESSEE hereby expressly acknowledges that the LEASED PREMISES are in good and tenantable condition. frontage and interior of the said LEASED PREMISES). keep and maintain the LEASED PREMISES and appurtenances and every part thereof (except exterior walls. 6. The LESSEE hereby accepts that the LEASED PREMISES are in good and sanitary condition and repair and agrees on the last day of the said term upon sooner termination of the lease. REPAIRS The LESSEE shall. then the LESSOR has the choice to rescind this Contract and terminate the lease pursuant to paragraph21 hereof. USE OF LEASED PREMISES It is understood and agreed that the premises herein leased shall be used exclusively by the LESSEE for Residential purposes and no other purpose. provided however. in good and sanitary order and repair. save reasonable wear and tear. Page 4 of 11 . at its sole cost and responsibility. agrees and undertakes to keep and maintain the LEASED PREMISES in a clean and sanitary condition as required by the House Rules and Regulations of the unit owner’s association herein and made part of this contact as an Addendum hereof. 7. to surrender unto the LESSOR the LEASED PREMISES with the said appurtenances as the same condition as when received. 5. the said premises are used for other purposes not previously stated in the application to the lease and in the Contract of Lease.

In case the LEASED PREMISES have become totally destroyed or untenable by reason of any causes above mentioned. permanent alteration and improvements of any nature whatsoever on the LEASED PREMISES or to any part thereof without previous written consent of the LESSOR and/or the unit owner’s association. FORTUITUOUS EVENTS The LESSOR shall not be liable for the damages caused by natural elements or any loss. his family. typhoons. this Contract of lease shall be automatically extinguished and the LESSOR is obliged to return to the LESSEE the security deposit herein with no further obligation on the part of the LESSEE to pay the rent.8. the same shall become the property of the LESSOR upon the expiration of the lease without the need to reimburse the LESSEE thereof. alterations or improvements are made pursuant hereto. When such changes. calamities or other acts of God or man which is not attributable to the fault or negligence of the LESSOR. 9. damage. or destruction cased to the LESSEE in the LEASED PREMISES due to fire. 10. the LESSEE shall not be responsible for the restoration of the property. employees or persons under his supervision or control. disturbance. typhoons. earthquakes. war. civil. floods. FIRE In the event the LEASED PREMISES or any part thereof are destroyed or rendered untenable by fire. however that the LEASED PREMISES are only partially destroyed or untenable. earthquake. and when such cannot be removed without material damage being caused to the LEASED PREMISES. the LESSEE may elect to either terminate this lease Page 5 of 11 . floods or any other fortuitous events. the LESSEE shall make no major structural changes. ALTERATIONS AND IMPROVEMENTS Except in cases provided for in paragraphs6 & 7 thereof. In the event.

respectively. MERALCO or PLDT. any proceeds from the insurance taken on the said unit or its contents shall be deemed in favor of the LESSOR regardless of the causes or reasons. OCCUPANTS Page 6 of 11 . loss or damage which the LESSEE. d) For any damages arising from the fault or negligence of the LESSEE. Provided. termites. The LESSOR shall not be liable or responsible: a) For the presence of bugs. or negligence on the part of or arising out of as a consequence of the use of the LEASED PREMISES by the LESSEE. or maid. his family. her agents. guest employees and other occupants of the LEASED PREMISES.contract after a ten-day written notice to the LESSOR with the same consequences as those in case of total destruction or to remain in the LEASED PREMISES and pay for a proportionally reduced rent. domestic help. employees. if the fire is caused by the LESSEE or his family. liability. domestic help. or b) For the failure of water supply and/or electric current and/or telephone service caused by MWSI. his family. however. legal representatives or employees. or other occupants of the LEASED PREMISES. his family. fault. or c) For any inquiry. 11. INJURY OR DAMAGE The LESSEE during the period of the lease hereby assumes full responsibility for any damage which may be caused by its own acts or omissions. domestic help agents. ants. Furthermore. agents. agents. in the LEASED PREMISES. guest or other occupants of the LEASED PREMISES might sustain in the said premises due to any cause whatsoever not attributable to the acts of omissions of the LESSOR. 12. guests. and further bind itself to hold the LESSOR free and harmless in any claim of damages. vermin. insects. the security deposit shall be forfeited in favor of the LESSOR. etc. to the person or property of third persons while in any part of the LEASED PREMISES. or responsibility to any person due to the act.

the proceeds including the excess to be applied to such obligations or placed on deposit if necessary Page 7 of 11 . retain the contents thereof as security for the payment of the LESSEE’s accounts which properties. ABANDONMENT If the LEASED PREMISES shall be abandoned or become vacant for the continuous period of thirty (30) days without written notice of absence previously given to the LESSOR and with the LESSEE having provided for the payment of the rentals during the said absence.The LESSEE hereby guarantees that the occupants of the LEASED PREMISES shall be limited those persons whose names shall be submitted to the LESSOR at the inception of this lease. the LESSOR may. provided further that all violation that may be committed by the said occupants shall be construed as that of the LESSEE and the LESSOR shall be free to take any and all legal actions as it may deem fit against either of them or both. For alterations or repairs. 14. as attorney-in fact of the LESSEE. in such case the LESSOR shall have the right to enter the LEASED PREMISES without notice to the LESSEE and or may padlock the LEASED PREMISES. the LESSOR shall inform the LESSEE ahead of time or submit a written letter to schedule the said alterations or repairs. The LESSEE has the right to keep his/her privacy during the LEASE PERIOD. INSPECTION OF PREMISES The LESSOR or his authorized representative shall have the right to enter the LEASED PREMISES at any time for purpose of inspection. 13. dispose of at public auction or by private sale. no relatives and or friends shall be allowed to become occupants of this unit unless with the written request from the LESSEE and approved by the LESSOR. and abide with all the terms and conditions of this Contract and occupy the LEASED PREMISES in accordance with Rules and Regulations of the unit owner’s association and made part of this Contract as an Addendum hereof. Furthermore. a) The LESSEE shall also inspection of the unit by prospective buyers as long as there is prior notice and advice by the LESSOR.

conditions and covenants hereof shall not be deemed a relinquishment or waiver of any right or remedies that the LESSOR may have. 17. RETURN OF LEASED PREMISES The LESSEE acknowledges receipts of the LEASED PREMISES in good condition. or any part thereof.without prejudice to the LESSOR’s right to collect the deficiency. if any from the LESSEE and of to terminate the lease in accordance with the procedure embodied in the last paragraph. 15. 16. SUBLEASE The LESSEE shall not assign or sublease the premises including the parking lot hereby leased to him. satisfactory and habitable for the use and purpose for which the same is intended. and agrees upon the expiration of the term of the lease. 18. NON-WAIVER The failure of the LESSOR to insist upon the strict performance or compliance with any of the terms. In the event of sublease. encumber or sell the LEASE PREMISES if the creditor or buyer shall undertake to respect the terms or conditions of this lease. The LESSOR hereby warrants that in the event that such sale or mortgage of the LEASED PREMISES occurs. 19. to peacefully vacate the LEASED PREMISES in Page 8 of 11 . No waiver of the LESSOR of any of his rights and remedies under this contract shall be deemed to have been made unless expressed in writing and signed by the LESSOR. PETS / EXOTIC ANIMALS No pets or exotic animals of any kind shall be allowed within the LEASED PREMISES. this contract shall be considered null and void and the security deposit shall be forfeited on favor of the LESSOR. all the terms and conditions embodied in this Contract of Lease shall be respected and honored by the new owner or mortgage credit. MORTGAGE The LESSOR reserves the right to mortgage. nor shall it be construed as a condonation of any subsequent breach or violation of the terms. conditions and covenants hereof.

retain the contents thereof as security for the payment of the LESSEE’s accounts and or terminate the lease and the LESSEE hereby specifically empowers the LESSOR (a) to open the LEASED PREMISES. ordinary wear and tear excepted. PENAL PROVISIONS That should the LESSEE fail to fully pay on time the rent herein stipulated and or the utility charges fixed or any other financial obligation of the LESSEE stipulated herein and or if the LESSEE violated any of the terms and conditions stipulated in this Contract. and indemnify the LESSOR against any and all claims made by succeeding tenant against the LESSOR resulting from the delay by the LESSEE in delivering the possession of the LEASED PREMISES to such succeeding tenant. in the presence of at least one (1) police officer. It is further understood and agreed upon by the parties that any personal properties that may be retained by the LESSOR in accordance with this paragraph may be sold at public auction pursuant to the provisions of Article 2121 of the Civil Code. if necessary. the LESSOR shall have the right to lease the premises to any interested party. and (d) retain the same as security for the payment of any account as provided herein above.good condition as the time of delivery to the LESSEE. without the need of filing any action for ejection. or upon termination of this contract. and henceforth. and the proceeds thereof may be applied to indebtedness of the LESSEE without resorting to judicial action and the balance on the proceeds of the said sale. the LESSEE hereby authorizes the LESSOR to padlock the LEASED PREMISES. 20. If the LEASED PREMISES are not surrendered at the expiration of the LEASE PERIOD or any extension or renewal thereof. (b) make an inventory of the contents thereof. Page 9 of 11 . the LESSEE shall be responsible to the LESSOR for any and all damages which the LESSOR may suffer by reason thereof. (c) remove all personal properties found therein. employing force. if any shall immediately be remitted to the LESSEE. insofar a delay is occasioned by the failure of the LESSEE to surrender the LEASED PREMISES.

The LESSEE hereby fully understands all the terms and conditions being stipulated on the contract.In case of court litigation. the LESSEE shall pay an amount equivalent to 20% of the total amount claimed as attorney’s fee (but not less than P25. breach or violation of any condition or warranty wherein stipulated plus the cost of the litigation and other expenses which the law may entitle the LESSOR to recover from the LESSEE. the parties have caused these present to be signed a date and placed here in above first mentioned. it is understood that the proper court of the City of ________ shall have jurisdiction. actual or consequential. resulting from such default. Should the LESSOR be compelled to seek judicial relief. the parties voluntarily and expressly waiving any and all other venues.000. __________________________ LESSOR NEW TENANT’S NAME LESSEE SIGNED IN THE PRESENCE OF: ___________________________ _________________________ Page 10 of 11 . IN WITNESS THEREOF.00) aside from any and all damages.

____ Series of ____ Page 11 of 11 . WITNESS MY HAND AND SEAL this______ day of _______ at the place above written. ____ Book No. known to me and known to be the same persons who executed the foregoing instrument. and attested to me that the same is their free and voluntary deed. ____ Page No. _________________________ Issued at ________________________ on _______________________. __________________________ issued at ______________________________ personally appeared On _________________________ and with CTC No. Doc.S. No. BEFORE ME.ACKNOWLEDGEMENT REPUBLIC OF THE PHILIPPINES) CITY OF MANILA ) S. the Notary Public_______________________ With CTC No.