CONTRACT OF LEASE

KNOW TO ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made, executed, and entered into by and between:

NIDA N. MELOCOTON, of legal age, married, Filipino, and with residence and
postal address at Rizal St., Poblacion 3, Midsayap, North Cotabato. Herein after referred to
as the LESSOR;
and

VERTIX STYLE SALON owned by: GEOCEL V. BENGIL, of legal age,

single, Filipino Citizen, and a resident of Poblacion 5, Midsayap, North Cotabato,
hereinafter referred to as the LESSEE

-WITNESSETH -

WHEREAS, the LESSOR is the absolute and registered owner of a commercial building
known as KINC Building situated at Crossing, Poblacion 8, Midsayap, North Cotabato,
particularly described as follows:

TRANSFER CERTIFICATE OF TITLE NO. T-118903

(LOT NO. 3930-E-2-B-1, PSD-12-045722)

“A parcel of land Lot 3930-E-2-B-l of the subdivision plan PSD-12- 045722 being a portion
of Lot 3930-E-2-B, PSD-12-003589, situated in Poblacion 8, Municipality of Midsayap,
Province of Cotabato, Island of Mindanao, containing an area of THREE HUNDRED
ELEVEN (311) square meters more or less.”

WHEREAS, the LESSOR leases unto the LESSEE a portion of the 2nd floor (Door 1) with
a total area of 41.2 m² (square meters).

NOW THEREFORE, for and in consideration of the foregoing premises under such
conditions and covenants herein set forth below, the parties agree as follows:

ARTICLE I – TERMS

This contract shall exist a period of one (1) year commencing fr om F e br ua ry 8 , 20 21

t o February 7, 2022 and renewable at the option of the parties in such terms and conditions
acceptable to both parties. Provided that the LESSEE shall notify the LESSOR of its
intention to renew the Lease Contract at least sixty (30) days prior to the expiration of the
original period.

ARTICLE II – RENTAL PAYMENT

The LESSEE shall pay the LESSOR a monthly rent at the rate of TEN THOUSAND
PESOS ONLY (₱ 10,000.00) payable every first (1st) day of the calendar month. The
monthly rental shall be the net of all withholding taxes. Cash payment shall be given to the
LESSOR.

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ARTICLE III – PURPOSE

The leased premises shall be used for beauty salon and office of the LESSEE.

ARTICLE IV – SECURITY DEPOSIT

The LESSEE shall make a deposit equivalent to three (3) months rental of THIRTY
THOUSAND PESOS ONLY (₱30,000.00) to be paid upon the signing of this contract and
said deposit shall answer for any damage done on the premises and/or for and damage to the
LESSOR by reason of any violation of the terms and conditions herein by the LESSEE. In
no case shall the LESSEE apply and use the deposits as rental form any month during the
existence of the lease. The cash deposit shall be returned in full amount to the LESSEE only
upon the termination of this lease, and after the LESSEE shall have fully paid their electric,
water and other utility consumption in the leased premises and the corresponding receipts
surrendered unto the LESSOR less deductions for damages caused.

ARTICLE V – ADVANCE RENTAL

Upon execution of this contact, the LESSE shall pay one (1) month advance rental
amounting to TEN THOUSAND PESOS ONLY (₱10,000.00) which will be applied as
payment for the last one (1) month of the lease period.

ARTICLE VI – CONSTRUCTION PEIOD

The LESSE is given by the LESSOR a grace period of thirty (30) days for the
renovation/improvements on the leased premises commencing on the date of the contract of
lease.

ARTICLE VII – PERIODIC INSPECTION

The LESSOR or any of his duly authorized representative shall have the right to enter and
inspect the premises leased to view the condition thereto at any reasonable hours of the day.

ARTICLE VIII – FIRE HAZARDS

The LESSE agrees not to bring or keep explosives or any highly inflammable materials in
the leased premises to fire or increase the fire hazard thereof or increase the rate of insurance.

ARTICLE IX – COMPLANCE WITH LAWS AND REGULATION

The LESSEE is hereby strictly prohibited from using said premises for residential, dwelling,
or sleeping purposes or for any other purposes or business without the prior written consent
of the LESSOR. The LESSEE hereby undertakes to comply with all laws, ordinances,
authorities arising from or regarding the use, occupation and sanitation of the leased
premises, failure to comply with the said laws, ordinances, regulations, or orders shall be the
exclusive risk and expense of the LESSEE.

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ARTICLE X – BUILDING PERMIT

The LESSOR hereby commits to comply with all the requirements for the processing of
the issuance of the building permit for the structures to be erected by the LESSEE in the
leased premises.

ARTICLE XI – SANITATION

The LESSEE shall always keep the leased premises in clean, good sanitary and
habitable condition.

ARTICLE XII – PEACEFUL POSSESSION

The LESSOR warrants the LESSEE's peaceful possession and enjoyment of the leased
premises for the entire duration of this contract lease.

ARTICLE XIII – VIOLATION OF THE TERMS OF THE CONTRACT

Should the LESSEE violate any provision of this contract or by its failure to pay the rent
as stipulated in Article II of this contract of lease, the LESSOR shall have the right to
terminate this contract, expel the LESSEE from the leased premises and to collect and
recover from him all unpaid rents and damages as a result thereof.

ARTICLE XIV – DELIVERY OF LEASED PREMISES

The LESSEE hereby expressly accepts and acknowledges that the leased premises is in good
and tenantable condition.

ARTICLE XV – PRE-TERMINATION

Any violation of the herein provisions shall constitute a ground for the pre-termination or
termination on of the lease contract by either party to the herein contract. If the LESSEE
decides to pre-terminate this contract, it shall not be obligated to pay the monthly rentals for
the remaining portion of the lease period.

ARTICLE XVI – JUDICIAL RELIEF

Any conflict, dispute or case which may arise out of this Contract shall be filed only in the
court/s of competent jurisdiction within Midsayap, North Cotabato, to the exclusion of all
other courts. In no case shall any of the parties herein file a case in court, without exhausting
first all available remedies of amicable settlement.

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IN WITNESS WHEREOF, we have hereunto set our signature this ____ day of ____ 2021
at Midsayap, North Cotabato, Philippines.

VERTIX STYLE SALON

LESSOR LESSEE

by:
NIDA N. MELOCOTON GEOCEL V. BENGIL
VIN: 4709-0001A-L3166NNM20001-0

SIGNED IN THE PRESENCE OF:

_____________________________ _____________________________

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for in the City of _________________, signed this_____ day
of ___________ 2021, personally appeared the following:

NIDA N. MELOCOTON VIN: 4709-0001A-L3166NNM20001-0

GEOCEL V. BENGIL

Personally, known to me as the same persons who executed the foregoing Contract of Lease
consisting of Four (4) pages including this page on which the acknowledgement is written,
and acknowledged to me that they executed the same on their own free will and their
voluntary act and deed as well.

IN WITNESS THEREOF, I have Signed this instrument at the place and of the date first
written.
Doc. No.: ______
Page No.: ______ NOTARY PUBLIC
Book No.: ______
Series of _______

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