Republic of the Philippines )
_____________________________) S.S
 

CONTRACT OF LEASE

KNOW ALL BY THESE

PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of

_______________________, this day of _______________, 20_____, by and between:

MR. FELICISIMO REYES, of legal age, Filipino, single and with

residence and postal address at Tuktukan, Guiguinto, Bulacan, hereinafter
referred to as the LESSOR.

-and-

        _____________________________________________, of legal age,

______________________, ________________________, and with residence and postal
address at
______________________________________________________________________________
___________, hereinafter referred to as the LESSEE.

WITNESSETH:

WHEREAS, the LESSOR is the owner of CONDOMINIUM UNIT No. 3821

IRIS TOWER, TIVOLI GARDEN RESIDENCES located at No. 69 CORONADO
STREET, BRGY. HULO, MANDALUYONG CITY herein referred to as “LEASED
PREMISES”.

WHEREAS, the LESSOR desires to lease the afore-described property in

favor of the LESSEE and the LESSEE accepts the lease subject to the terms
and conditions herein set forth.

NOW, THEREFORE, for and in consideration of the terms and conditions

mutually agreed upon by the parties, the LESSOR hereby leases unto the
LESSEE, his heirs, successors and assigns, the above-described LEASED
PREMISES subject to the following terms and conditions, to wit:

TERMS AND CONDITIONS:

1. PERIOD OF LEASE - The term of this lease shall be for a period of

TWELVE MONTHS commencing on _________________________ UNTIL
______________________. The LESSEE reserves the option to renew the
lease for the succeeding years upon expiration of this original lease
term, and under the same terms and condition set forth herein,
provided the LESSEE gives the LESSOR written notice of his
intention to renew at least sixty (60) days before the expiration
date of the initial lease term.
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2. RENTAL – The LESSEE shall pay to the LESSOR the all-in monthly
rental of ___________________ Thousand Pesos (Php
______________,000.00) Philippine currency, inclusive of Association
Dues.

3. PAYMENT TERMS – Upon signing of this Contract, the LESSEE shall

pay the LESSOR:

a) The amount SIXTY THOUSAND PESOS (Php 60,000.00), which

shall remain intact during the lease period, to serve as SECURITY
DEPOSIT.

This security deposit shall cover any unpaid bills of the

LESSEE upon termination of the lease such as for water,
electricity, cable or telephone, other utility bills or damage to
the LEASED PREMISES and its furnishing cause by the fault of
the negligence of the LESSEE, member of its household, guest,
employees and assigns, excluding natural wear and tear, such
amounts shall be deducted from this security deposit with the
consent of the LESSEE, and the balance, if any, shall be
refunded to the LESSEE within sixty (60) days from
termination of this Contract and delivery of the PREMISES to
the LESSOR. This deposit cannot be applied or used for rental
payment. This security deposit shall not earn interest while
held by the LESSOR
On or before the date of turnover of the leased premises,
the LESSOR together with the LESSEE, shall inspect the
leased premises in order to determine any damages beyond
normal wear and tear caused by the LESSEE’s fault or
negligence and to establish the cost of such damages, if any,
for the purpose of deducting said cost from the security
deposit.
b) The TWO (2) MONTHS ADVANCE RENTAL in the amount of
_____________________ PESOS (P_____________,000.00) covering
TWO MONTHS PERIOD specifically for the 11th and 12th month
of the lease contract;

4. WATER, ELECTRIC CURRENT, CONDOMINIUM DUES, ETC. – All

utility expenses such as for water, gas, electric current, telephone,
cable TV, internet and other similar charges shall be for the account
of the LESSEE.

The regular condominium association dues TIVOLI GARDEN

RESIDENCES shall be paid by the LESSOR.
5. RESIDENTIAL PURPOSE- The LEASED PREMISES shall be used
only for residential purposes by the LESSEE, and for no other
purpose without the prior written consent of the LESSOR. The

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 LESSEE may not assign or sublease the LEASED PREMISES or any
part thereof without the prior written consent of the LESSOR.

6. IMPROVEMENT, ALTERATIONS – The LESSEE shall not make any

major structural changes, alterations, renovations or improvements,
in the LEASED PREMISES without the written consent of the
LESSOR. However, any major alterations or improvements made or
introduced by the LESSEE on the LEASED PREMISES with the
written consent of the LESSOR shall upon termination of this
Contract of Lease, automatically inure to the benefit of the LESSOR
and become the property of the LESSOR without any obligation on the
latter’s part to pay or refund its value or cost to the LESSEE.

7. SANITATION, MAINTENANCE & REPAIRS – The LESSEE shall at all

times keep the LEASED PREMISES in clean, sanitary and good
tenantable condition.

The LESSEE has inspected the LEASED PREMISES and found the
same to be in good tenantable condition. The LESSOR shall be
responsible for all major repairs on the Leased Premises caused by
ordinary wear and tear costing over FIVE THOUSAND PESOS
(PHP5,000.00) per occurrence. Repairs due to the fault or
negligence of the LESSEE, members of its household, guest, or
visitors, shall be for the sole account of the LESSEE.
8. FIRE HAZARD AND OBNOXIOUS SUBSTANCE- The LESSEE shall
not keep, deposit, or store in the LEASED PREMISES any obnoxious
or inflammable materials or substance that might constitute a fire
hazard.

9. TAXES AND INSURANCE- Real estate taxes, government assessment

and other related taxes, fire insurance charges and similar expenses
shall be for the account of the LESSOR.

10. CALAMITIES AND OTHER ACTS OF GOD- If the leased premises

or any part thereof is destroyed or rendered untenable by fire, war,
civil disturbance, earthquake, floods, typhoons, or any other calamity,
by criminal vandalism, or termite infestation, the LESSEE shall not be
responsible for the restoration of the property, it being understood
and agreed upon by the parties that the LESSOR has the sole
responsibility to provide against such contingency by insurance or
other means.

11. THIRD PARTY LIABILITY- The LESSEE during its occupancy of

the LEASED PREMISES shall hold the LESSOR free and harmless
from any damage, liability or responsibility to any person or property
arising out of or as a direct consequence of the use of the LEASED
PREMISES by the LESSEE, his agent, employees, domestic help or
guest.

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12. SALE, TRANSFER, MORTAGE- The LESSOR reserves the right to
mortgage, sell, transfer, or otherwise dispose of the property provided
that the LESSEE’s right under his lease are respected. The LESSEE
binds himself to allow the LESSOR or its authorized representatives
to enter the premises together with prospective buyers, at reasonable
hours and with prior notice.

13. RULES AND REGULATIONS – The LESSEE agrees to abide by the

existing rules and regulations promulgated TIVOLI GARDEN
RESIDENCES and any other law, ordinances, rules and regulations
affecting the LEASED PREMISES.

14. INSPECTION OF PREMISES- Subject to the provisions of

Paragraphs 7 and 8 hereof, the LESSEE shall maintain the LEASED
PREMSIES in clean, good and tenantable condition, ordinary wear
and tear expected. For such purpose, the LESSOR reserves the right
to enter the LEASED PREMISES at reasonable hours of the day and
with prior notice, in order to inspect the LEASED PREMISES and to
make necessary repairs thereof.

15. RETURN OF LEASE PREMISES- Upon the termination of this

lease contract, the LESSEE shall immediately vacate the LEASED
PREMISES and peacefully return possession thereof to the LESSOR.
Sixty (60) days prior to the termination of this lease, the LESSOR
may show the premises to prospective tenants at reasonable
hours and with prior notice.

The premises shall be returned by the LESSEE to the LESSOR

in the same good, clean and tenantable condition as it was turned
over to the LESSEE at the beginning of this lease, ordinary wear
and tear expected.
JURISPRUDENCE dictates that ORDINARY WEAR AND TEAR
shall mean in general the ordinary reasonable use and wear of property
by a tenant has relation to the depreciation in condition of building or
property which it undergoes during the tenant's occupation, when the
tenant in the case of a residence, at least, does nothing in connection
with the use more than to come and go and perform the acts usually
incident to creating and maintaining conditions for living in the ordinary
way. 

16. PRE-TERMINATION –

In the event of cancellation or pre-termination of this Contact of Lease

during the Leased period, except due to force majeure, the advance
rent or rent equivalent to two (2) months shall be forfeited in favor of
or to be paid to the LESSOR as liquidated damages upon termination
of the Lease Contract and the deposit shall be refunded in accordance
with Section 3.a hereof.

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 In lieu of pre-termination, should the LESSEE be required to leave the
Philippines due to reassignment, serious illness or is caused to leave
Philippines for an indefinite period of time prior to the expiration of
this lease, the LESSEE may have the option of assigning successor
from his office or company, with the prior written consent of the
LESSOR, and which, successor shall not be unreasonably denied by
the LESSOR.
17. FORCE MAJUERE- In the event the LEASED PREMISES or any
part thereof is destroyed or rendered untenable by fire, war, civil war,
disturbances, earthquake, flood, typhoon, or any other calamity, the
LESSEE shall not be responsible for the restoration of the property, it
being understood and agreed upon by the parties that the LESSOR
has the sole responsibility to provide against such contingencies by
insurance or other means. In case of the cause above-mentioned, this
lease shall be extinguished and the LESSOR shall be obligated to
return to the LESSEE the unapplied portion of the advance rentals
with no obligation on the part of the LESSEE to pay the rent, unless
the LESSOR immediately, offers and furnishes the LESSEE with
another property equally suitable and satisfactory to the LESSEE.

18. WAIVER OF RIGHTS; AMENDMENTS OF CONTRACT- Failure or

delay of either party to insist once or in several instance on the strict
performance by the other party of any stipulation or condition in this
contract and/or exercise of any right or option herein shall not be
construed as abandonment, withdrawal, waiver nor cancellation of
such conditions, stipulation, right or option. Any amendment to this
LEASE OF CONTRACT shall be made in writing and shall be signed
by both parties for such amendment to be effective.

19. OTHER CONDITIONS: The LESSEE shall be responsible at all

times for all acts done by his agents or employees and other persons
entering the leased premises insofar as the enforcement of the
provisions of this contract is concerned. Any damage or injury to the
leased premises due to the fault of the LESSEE, his agents, employees
and/or servants or other third persons who may have gained access
to the leased premises shall be repaired promptly by the LESSEE at
his exclusive expense.

20. This CONTRACT OF LEASE shall be valid and binding between

the parties, their successors-in-interest and assigns.

IN WITNESS WHEREOF, the parties have hereunto affixed their

signatures this ________ 2020 at the City of _____________________________,
Philippines.

________________________________ _____________________________

FELICISIMO REYES

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 LESSOR LESSEE

I.D No.: I.D. No.:

SIGNED IN THE PRESENCE OF:

_____________________________ _______________________________

 
Republic of the Philippines )
City of _____________________) S.S
 

ACKNOWLEDGEMENT

BEFORE ME, personally appeared:

 
  NAME GOVERNMENT ISSUED ID DATE/PLACE ISSUED

FELICISIMO REYES ________________________ __________________________

____________________ ________________________ __________________________

 
Known to me to be the same persons who executed the
foregoing instrument and acknowledged to me that the same is their free and
voluntary act and deed.
 
This instrument consisting of ____ pages, including the page on which
this acknowledgement is written, has been signed on each and every page
thereof by the concerned parties and their witnesses, and sealed with my
notarial seal.
 

WITNESSTH MY HAND AND SEAL at the place and date indicated

above.

Doc. No. ______;

Page No. ______;
Book No.______;
Series of 2020

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