CONTRACT OF LEASE OF A COMMERCIAL STALL

K N O W A L L M E N B Y T H E S E P R E S E N T S :
This agreement made and entered into by and between:
DELITO RAMOS MIGUEL
, Filipino, of legal age, and single, a resident of San Jose,Baggao, Cagayan, hereinafter
referred to as the
 LESSOR,
-and- ____________________________, also Filipino, of legal age, and married, a
resident ofSan Jose, Baggao, Cagayan, hereinafter referred to as the
 LESSEE,
WHEREAS
, the
 LESSOR
is the owner of a commercial stall located at _______________________________
which is available for lease;
WHEREAS,
 the
 LESSEE
desires to lease the said commercial stall and the
 LESSOR
iswilling to lease the same unto the
 LESSEE;
NOW, THEREFORE
, for and in consideration of the aforesaid premises and of themutual covenants herein
stipulated, the
 LESSOR
hereby leases unto the
 LESSEE
the aforesaid premises and the
 LESSEE
hereby accept the same subject to the following terms and conditions:
1.
 
That the term of this lease is for two (2) years,
commencing and ending on ,
during which the
 LESSEE
shall be bound to pay to the
 LESSOR
the amount of ______________________) per month;
 2.
 
That the total amount of _____________________________ representing one (1)
monthdeposit shall be paid by the
 LESSEE
to the
 LESSOR
upon signing of this contract;
 3.
 
All subsequent monthly rentals shall be paid on or before _______ 
th
day of every monthstarting _______________________;
 4.
 
That the
 LESSEE
shall be responsible for the payment of all taxes,
excluding real property tax
, in accordance with the applicable provisions of the law and revenueregulations for the
leased premises;
 5.
 
That
 LESSEE 
 shall not sublease the premises or any part thereof to any person or entitywithout the
prior consent to the
 LESSOR
;
 6.
 
The
 LESSOR
 shall have the right to inspect the leased premises at any reasonable hour ofthe day;
 7.
 
Charges for electricity shall be for the account of the
 LESSEE 
;
 8.
 
Ordinary maintenances and repair of the leased premises shall be shouldered by the
 LESSEE 
;