ANNEX “O”

CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease made and entered into by and

between:

JUAN SANTOS, of legal age, Filipino, single and a

resident of Guiguinto, Bulacan, hereinafter referred to as the
LESSOR;

-and-

PEDRO CASTRO, of legal age, Filipino, single, and a

resident Guiguinto, Bulacan, hereinafter referred to as
LESSEE;

WITNESSETH

WHEREAS, the LESSOR desires to lease unto the

LESSEE, and LESSEE hereby accepts in lease, an apartment
unit located at Guiguinto, Bulacan.

NOW, THEREFORE, for and in consideration of the

above premises and the rent and covenants herein set forth,
the LESSOR hereby leases unto the LESSEE, the above-
described property, subject to the following terms,
conditions and stipulations:

1. TERM: The terms of this lease shall be for a period of

one (1) year commencing on January 1, 2019 to December
31, 2019, renewable upon mutual agreement of the parties;

2. RENTAL: The LESSEE shall pay a monthly rental in

the amount of FIVE THOUSAND PESOS (P5,000.00),
Philippine Currency exclusive of monthly dues, payable on
every 1ST of the month.

After the termination of the 1 year contract, an increase

of ten percent (10%) will be added if the LESSEE desires to
lease again the subject commercial space;

In case that the Government shall eject the LESSEE on

the aforesaid premises, the LESSOR agrees to reimburse the
two (2) deposits paid by the LESSEE while the one (1) month
advance should be consumable;
 ANNEX “O”

The deposit shall not be refundable and shall be

considered forfeited if the LESSEE shall not make full use of
the entire lease period herein agreed upon. In such event, all
lossess, damages, unpaid bills and other obligations
referred-to-herein, shall be paid for by the LESSEE without
availing or applying said deposits. However, if the LESSEE
shall stay for the duration of this lease and make good and
comply with all the conditions and stipulations hereof, the
said deposit shall be returned to the LESSEE within sixty (60)
days after the expiration of this lease, after deducting any
loss or damage, unpaid bills and other obligations as well as
whatever amounts might then be owing to the LESSOR;

3. USE OF PREMISE. The Lessee shall use the leased

premises solely as a private dwelling place and for no other
purpose, and shall not devote or allow the use of any part
thereof, directly or indirectly, to any activity which is
contrary to law, morals, or public policy.

4. SUBLEASE: The Lessee shall not and cannot

sublease the leased premises or any portion thereof under
any circumstances or conditions;

5. IMPROVEMENTS. The Lessee shall not make any

alternation or improvement nor cause any form of damage
or initiate any kind of work, including the putting of nails or
making holes for hanging fixtures, etc., on the leased
premises, without the prior written consent of the LESSOR.
Any authorized fixed improvements or alterations shall form
part of the leased premises without any reimbursement of
the costs to the LESSEE. However, in case of termination, the
improvement that will construct by the LESSEE shall remain
to the premises and shall be owned by the LESSOR;

6. MAINTENANCE AND REPAIRS: The LESSEE shall keep

and maintain the premises in good, clean and habitable
condition at all times. Except for major repairs caused by
ordinary wear and tear which shall the responsibility of the
LESSOR to restore, the LESSEE shall undertake all minor
repairs necessary on the leased premises and shall shoulder
the expenses;

7. BILLS AND CHARGES. Expenses or bills for

electricity, taxes, gas, water, telephone and other utilities
placed by the LESSEE in the leased premises, as well as
condominium dues, shall be at the exclusive account of the
Lessee, realty taxes, fees for facilities installed or furnished
 ANNEX “O”

therein as required by regulations shall however be paid by

the LESSOR; the LESSOR reserves the right to monitor and
remind the LESSEE of any overdue or unpaid baills;

8. RULES AND REGULATIONS. The LESSEE hereby

warrants to comply strictly with the rules and regulations as
well as the pertinent laws and regulations of the government
affecting the said property;

9. INSPECTION AND SANITATION: The LESSEE hereby

declares that he has inspected the leased premises and
furnishing therein found them in good and tenantable
condition and warrants to keep the premises clean and
sanitary all the time. He shall allow the LESSOR or his
authorized representative to inspect the leased premises
from time to time, during the day and upon prior notice, to
check on the compliance of the LESSEE’S obligations under
this contract and on the general condition of the leased
premises;

10. MORTGAGE OR SALE OR PROPERTY: The LESSOR

reserves the right to mortgage, sell or authorize the disposal
of the property, provided that the LESSOR shall warrant that
the mortgagee, purchaser, or encumbrance shall respect all
the terms, conditions and stipulations of this lease contract
including the provisions for renewal thereof;

11. RENEWAL OF CONTRACT: In case the LESSEE

desires to renew this lease contract, he shall give thirty (30)
days advance notice to the LESSOR before the expiration of
the lease period, otherwise the LESSEE lossess the privilege
of such renewal and shall then allow the LESSOR to show the
premises to other prospective tenants;

12. BREACH OR VIOLATION: Any violation of the

conditions and stipulations herein set forth, or non-
compliance with any of the obligations stated herein shall
cause the automatic cancellation and extrajudicial
termination of this lease and forfeiture of all payments and
deposits made hereon, and the LESSEE authorizes the
LESSOR to enter and take possession of the unit and
premises and effect the eviction of the LESSEE, in addition to
the right to collect damages, costs of collections expenses of
litigation and reasonable attorney’s fees;

13. RETURN OF PREMISES. Upon the expiration of this

lease or its renewals or extensions, the Lessee shall
 ANNEX “O”

peacefully vacate the premises and restore possession

thereof the Lessor in good condition as the time of delivery
to the LESSEE, ordinary wear and tear excepted, and shall
return all the keys of the premises to the LESSOR.

IN WITNESS WHEREOF, the parties hereto have affixed

their signature this 8th day of December, 2018 hereat
Municipality of Guiguinto, Bulacan.

JUAN SANTOS PEDRO CASTRO

Lessor Lessee
Driver’s License ID No. A00-88-123457 VIN: 1409-0075B-
D1991RSS10000
Valid until 8 January 2025/LTO COMELEC in Hagonoy,
Bulacan

SIGNED IN THE PRESENCE OF:

 ______ ___________________ 
_________________________

Crystal Santiago  Joe Bartolome

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

Guiguinto, Bulacan )
s.s.
x- - - - - - - - - - - - - - ---------
- - - - - - - - - -x

BEFORE ME, a Notary Public, for and in the City of

Malolos, Bulacan personally appeared both parties with their
corresponding proof of identities detailed under their names
who are known to me and to me known to be the same
persons who executed the foregoing instrument and
acknowledged under oath that the same is their own free
will, voluntary act and deed.

(This instrument consists of four (4) pages, including

this page where this acknowledgment is written)
 ANNEX “O”

WITNESS MY HAND AND SEAL on the date and place

above-mentioned.

Notary Public

ATTY. ROSE F. BULAKLAK

NOTARY PUBLIC
ROLL NO.36912
Adm. Matter No. NP-123 (2019-2020)
IBP NO. 1234567: 01-03-20:MALOLOS
MCLE COMPLIANCE No. V-0001234
Valid Until December 2020
  
Doc. No. 351;
Page No. 100;
Book No. 3;
Series of 2020.