CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the __________________, this

_______________________, by and between:

SPS. JEREMY DL. CAMARSE and MARY BERCY S. CAMARSE, of legal age, Filipino,
and residence address at Block. 29 Lot 29 Phase 2, Casa Amaya, Tanza, Cavite, hereinafter referred to
as the LESSOR.

-AND-

ELEANOR LACANDASO CAÑON, of legal age, Filipino and with residence

address at ____________________________________________________________, hereinafter
referred to as the LESSEE.

WITNESSETH

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a

commercial/residential property situated at Tanza, Cavite;

WHEREAS, the LESSOR agrees to lease the property to the LESSEE and the LESSEE is
willing to lease the same;

NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR
leases unto the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED premises,
subject to the following:

TERMS AND CONDITIONS

1. TERM OF THE CONTRACT

1.1 The terms of this contract shall be applicable for ONE (1) year, which shall commence
on __________________ and shall expire on _________________ which may be
renewed at the option of the LESSEE.
1.2 The LESSEE agrees to inform the LESSOR in writing of any intention on the former’s
part to renew or extend the lease at least SIXTY (60) days before the expiry date of
this contract so that the negotiation for the extension or renewal can be made between
the parties immediately after such notice.

2. RENTAL RATE

2.1 The monthly rental rate for the leased premises shall be SEVEN THOUSAND
PESOS ONLY (Php 7,000.00), Philippine Currency, exclusive of the prevailing E-
VAT. This rental shall be increase of 10% per year of the contract.

The said E-VAT and the 5% withholding tax, if any, shall be for the LESSEES account.

3. PAYMENT OF DEPOSITS, ADVANCES AND RENTALS

3.1 Upon signing of this contract, the LESSEE shall pay the equivalent of TWO (2)
months rental as security deposit and ONE (1) month advance rental applied in the
last month of the contract.
3.2 Upon the execution of this contract, the LESSEE agrees to pay the LESSOR the
amount equivalent to THREE (3) months rental on the LEASED PREMISES or the
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 sum of TWENTY-ONE THOUSAND PESOS (Php 21, 000.00), Philippine
Currency, as security deposit and advance rental. The security deposit is to guarantee:
(i) the LESSEE’S faithful observance of this contract, (ii) to answer for the return in
good order and condition of the LEASED PREMISES, reasonable wear and tear
excepted and (iii) to settle the LESSEE’S other accountabilities that may arise from
this contract, or may remain unsettled upon the expiry or termination of this contract,
or may become due thereafter, such as but not limited to electricity, water, telephone
services charges and unpaid association dues.

An amount for refund from the said security deposit shall be returned, without
interest, within NINETY (90) days after the termination of this contract. In case any
unpaid bills for the account of the LESSEE are received after the return of the security
deposit, the LESSEE shall pay the LESSOR the whole amount upon presentation of
the bill or receipt. The security deposit cannot be applied as payment for rent.
However, after all obligations and accountabilities herein provided have been fulfilled,
LESSOR has the option to proceed against the remainder of the security deposit for
payment of unpaid rentals.

In case of pre-termination of this contract by the LESSEE, the LESSOR, may at his
option, forfeit the advance rental, or the balance or entire amount of the security
deposit herein mentioned as liquidated damages without prejudice to the right of the
LESSOR to further demand payment of any rent or amount due under this contract.

4. DEFAULT PAYMENT

4.1 In case of default by the LESSEE in the payment of the rent for THREE (3) successive
months, the LESSOR at its option may, among others, terminate this contract and
demand the surrender of the premises, in addition to the latter’s right to collect and
recover from the LESSEE all accrued rents and the rentals pertaining to the unexpired
period of the lease.
4.2 In the event that the LESSEE has left locked the leased premises and its whereabouts
is unknown to the LESSOR not withstanding reasonable efforts to locate the
LESSEE, the LESSEE hereby expressly appoints the LESSOR as his/her duly
authorized Attorney-in-fact with full power and authority to cause the leased premises
to be forced open without the necessity of court order given the right to consider the
leased premises the things found therein as abandoned by the LESSEE. In such
situation/case, the LESSOR may dispose of the effects, articles and such other things
found therein in the manner deemed best by the LESSOR and to apply the proceeds
thereof to the obligation of the LESSEE, it being understood that the LESSEE hereby
waives any action or claims for damages or loss against the LESSOR or its agents.
Thus, making the leased premises available for rent or lease to prospective LESSEES;
Provided further, that in case of non-payment of the agreed rents or any breach of this
Contract of Lease on the part of the LESSEE, the LESSOR shall be entitled to collect
from the LESSEE the sum Php 50,000.00 as liquidated.

5. LIMITS ON USE AND OCCUPANCY

SUB-LEASE: The LESSEE shall not directly or indirectly sublet, allow or permit the leased
premises to be occupied in whole or in part by any person, form or corporation, neither shall
the LESSEE assign its rights hereunder to any other person or entity and no right of interest
thereto or therein shall be conferred on or vested in anyone by the LESSEE without the
LESSOR’S written approval.

6. LESSEE’S MAINTENANCE RESPONSIBILITIES

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 The LESSEE will: (1) keep the premises clean, sanitary, and in good condition and, upon
termination of the tenancy, return premises to Landlord in a condition identical to that which
existed when LESSEE took occupancy, expect for ordinary wear and tear; (2) Immediately
notify LESSOR of any defects or dangerous conditions in and about the premises of which
LESSEE becomes aware; and (3) reimburse LESSOR, on demand by LESSOR for the cost
of any repairs to the premises damaged by LESSEE’S or LESSEE’S guest through misuse or
neglect.

7. PROPERTY MAINTENANCE

The LESSEE shall deposit all garbage and waste in a clean and sanitary manner into the proper
receptacles and shall cooperate in keeping the garbage area neat and clean.

8. ALTERATIONS AND IMPROVEMENTS

The LESSEE shall not make alterations or renovations or improvements in or upon the leased
premises without the written consent of the LESSOR. In case of the consent of the LESSOR
is given, such improvements personally introduced therein shall not be removed by the
LESSEE and shall therefore remain the property of the LESSOR upon the termination or
expiration of this Contract of Lease without any right to reimbursement of the costs to the
LESSEE. All taxes, licenses, and fees related to any repair or renovation, if allowed, shall be
for the account of the LESSEE. In the event that the repair, renovation, or improvement shall
have the effect on the real estate tax on the building, the LESSEE shall correspondingly share
in the increase chargeable to the said renovation. Furthermore, upon the termination or
expiration of this Contract of Lease, should the LESSOR consider the renovation as not
conforming to the general nature of the commercial building for lease and therefore affecting
the marketability of the said premises, the LESSOR may compel the LESSEE to remove all
unnecessary structure and return the leased premises in the original condition and design it
was when the LESSEE initially received the said leased premises at the commencement of the
lease at the LESSEE’S expense.

9. PUBLIC UTILITIES

The LESSEE shall pay for its telephone, electricity, gas , security services, cable TV, water,
internet, association dues (or CUSA) and other public services and utilities availed of during
the duration of the lease.

10. FORCE MAJEURE

If whole or any part of the leased premises shall be destroyed or damaged by fire, flood,
lightning, typhoon, earthquake storm, riot or any other unforeseen disabling cause of acts of
God, as to render the leased premises during the term substantially unfit for use and
occupation of the LESSEE, then this lease contract may be terminated without compensation
by the LESSOR, or by the LESSEE by notice in writing to the other.

11. LESSOR’S RIGHT OF ENTRY

The LESSOR or its authorized agent shall after give due notice to the LESSEE shall have the
right to enter the premises in the presence of the LESSEE or its representative at any
reasonable hour to examine the same or make repairs therein or for the operation and
maintenance of the building or to exhibit the leased premises to prospective LESSEE, or for
any other lawful purposes which it may deem necessary.

12. EXPIRATION OF LEASE

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 At the expiration of the term of this lease or cancellation thereof, as herein provided, the
LESSEE will promptly deliver to the LESSOR the leased premises with all corresponding keys
and in as good and tenable condition as the same is now, ordinary wear and tear expected
devoid of all occupants, movable furniture, articles and effects of any kind. Non-compliance
with the terms of this clause by the LESSEE will give the LESSOR the right, at the latter’s
option, to refuse to accept the delivery of the premises and compel the LESSEE to pay rent
there from at the same rate plus FIFTY (50) % thereof as penalty until the LESSEE shall have
complied with the terms hereof. The same penalty shall be imposed in case the LESSEE fails
to leave the premises after the expiration of this Contract of Lease or termination for any
reason whatsoever.

13. DAMAGES

The LESSEE hereby assumes all responsibilities for any and all injury or damage which may
be caused to any person or property of third person/s while remaining in the leased premises
and further binds itself to hold LESSOR free and harmless from any such claims for injury or
damages unless such injury or damage is due to the gross negligence of the LESSOR. LESSEE
shall secure a third party liability insurance to cover the leased premises at its own expense.

14. VENUE AND LITIGATION EXPENSE

14.1In case of court litigation arising out of this Contract of Lease, the venue of the action
shall be in the proper courts of Cavite.
14.2 If the LESSOR is compelled to engage the services of counsel for any matter arising
from this agreement, and/or is constrained to litigate for any violation of this contract,
the LESSEE shall be held liable to pay attorney’s fees equivalent to TWENTY (20) %
of the total amount due, exclusive of costs legally taxable.
15. AMENDMENTS

This Contract of Lease shall be valid and binding between the parties, their successors-in-
interest and assigns. It also supersedes and renders void any and all agreements, whether oral
and/or written and previously agreed and entered into between herein LESSOR and LESSEE
covering the herein leased premises and the same may not be modified or altered except also
by writing duly signed by the LESSOR and the LESSEE.

IN WITNESS WHEREOF, the parties herein affixed their signatures on the date and place
above written.

JEREMY DL. CAMARSE MARY BERCY S. CAMARSE

Lessor Lessor

ELEANOR L. CAÑON
Lessee

Signed in the presence of:

_________________________ ____________________________

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 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

CITY OF CAVITE ) S.S.

BEFORE ME, this _______________ at ____________________, personally appeared the

following:

NAME ID No. Date of Issue/Place

known to me to be the same persons who executed the foregoing CONTRACT OF LEASE, which
consists of FIVE (5) pages, including this page on which this Acknowledgement is written and is
signed on each and every page by the parties and their witnesses, and they acknowledged to me that
the same is their free and voluntary act and deed.

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

NOTARY PUBLIC

Doc. No. _______;

Page No. _______;
Book No. _______;
Series of 2019.

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