CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT LEASE, made and entered into, by and between -

Mr. _______, of legal age, Filipino, married and with residence at ___________,
__________, Philippines, hereinafter referred to as "Lessor",
-and-
Mr. _______, of legal age, Filipino, married, and with residence at __________,
___________, Philippines, hereinafter referred to as the "Lessee".

WITNESSETH:
Whereas, the Lessor is the registered owner of a certain property located at
_________, ________, Philippines with TCT No. __________ of the Property of
Deeds for Cebu and the building thereon builtl; and

Whereas, the Lessor desires to let the said property and the Lessee desires
to lease the same.

NOW, THEREFORE, for and consideration of the covenants and stipulations

herein, the Lessor agrees to lease said property to the Lessee under the following
terms and conditions:

1. The term of the lease shall be for a period of _____ (___) years,
beginning _______,2020 and ending on _________, 2020, unless sooner
terminated as herein provided;

2. The Lessee agrees to pay monthly rentals of Php _________, payable in

the first week of the month at the Lessor's residence, subject to yearly
increase of 5% starting the third year of the lease;

3. The Lessee shall make an advance deposit equivalent to the rentals for
three (3) months, without interest, which shall answer for any damage to the house
resulting from any cause whatsoever by the members of his family, his household
help and visitors; and if no such injury or damage is cause, the same will be applied
as rentals in the last three months of occupancy.
4. Major and minor repairs of the house, which the Lessee may desire to
make, shall be for the account of the Lessee.
5. The Lessee shall be responsible for ensuring the building against fire, in
the amount reasonable therefor, with the Lessor as beneficiary during the period of
the Lease.
6. During the lifetime of the lease, the Lessee shall be responsible for the
payment of all utility charges, such as electricity, gas, water, telephone, garage,
collection fees and grass cutting charges and for other services.
7. The Lessee shall not paint, make any improvements, partition without the
prior consent of the Lessor, and if the same are made they shall be for the account
of the Lessee and shall, at the end of lease, become the property of the Lessor,
without any right to seek reimbursement of the costs thereof.
8. The Lessee shall not sublease the premises or assign this lease, without
the written consent of the Lessor.
9. If any rental as stipulated, or any part thereof, at any time shall be in
arrears or unpaid, or if the Lessee shall at any time fail to perform or comply with
any of the covenants and conditions herein, then and in any such evet, this Contract
of Lease shall automatically terminate, and the Lessee shall peacefully surrender
possession of the leased premises to the Lessor, in the same condition as when he
first entered the premises.
10. The Lessee should notify the Lessor at least thirty (30) days in advance
should the Lessee decide to abandon the leased premises.
11. That violation of any of the above terms and conditions will produce ipso
facto the recession of this Contract of Lease.
12. Failure of the Lessor to insist on any provisions of this lease shall not be
construed as a waiver thereof. No waiver by the Lessor of any right herein provided
and as provided by law shall be valid, unless made in writing and duly signed by the
Lessor.
 IN WITNESS WHEREOF, the parties hereto have signed this Contract of
Lease this _____ day of _______, 2020, City of ______, Philippines.

Lessor Lessee

Signed in the Presence of:

Witness Witness

ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the Province of Cebu, City of Talisay this _______ day
of _______ 2020, personally appeared _____________ with Community Tax Certificate No.
_____________ issued on _____________ at _____________, known to me and to me known
to be the same person who executed the foregoing instrument, and acknowledged to me that
the same is his free act and deed.

This Instrument consists of only (____) page/s, including this page in which this
Acknowledgement is written, duly signed by _____________ and his instrumental witnesses on
each and every page hereof.
IN WITNESS WHEREOF, I have hereunto set MY HAND AND affixed my NOTARIAL SEAL this
_____________ at _____________, Philippines.

ATTY. ARMAND REY P. SABIDO

Notary Public for the City of Talisay
San Isidro, City of Talisay, Cebu,
Philippines
Appointment No. _______Until December__
Roll of Attorney No. ________
PTR No. ________;
IBP No.
_________; MCLE
Compliance No. ________

Doc. No. ______;

Page No. ______;
Book No. ______;
Series of ______;