CONTRACT OF LEASE

KNOW ALL MEN BY THERE PRESENTS:

This Contract of Lease made and entered into by and

between:

AISHA T. CORNELL, of legal age, Filipino, married, and

resident of P-5 Brgy. 2, San Francisco, Agusan del Sur, duly
known as the “LESSOR”
And

QUEENIE M. VERTUCIO, of legal age, Filipino, and a

resident of Brgy. 3, San Francisco, Agusan del Sur,
hereinafter referred to as the “LESSEE”

-WITNESSETH, that:

WHEREAS, the LESSOR is the owner of a commercial

building situated at Brgy. 2, San Francisco, Agusan del Sur,
under TD No. ________________, in the name of _____________
containing an area of _______________ Square Meters ;

WHEREAS, the LESSEE are desirous of leasing from the

LESSOR, a portion of the above-described commercial space ;

NOW THEREFORE, for and in consideration of the

foregoing, LESSOR does hereby let, lease and demise unto
LESSEE the above-described property under terms and
conditions and stipulations as follows:

1. That the LESSEE shall pay the LESSOR a monthly

rental in the amount of Eighteen Thousand Pesos
(P18,000.00), for a period of one (1) year
(renewable) starting October 1, 2018 ;

2. That for this purpose, the LESSEE shall pay Thirty

Six Thousand Pesos (P36,000.00) representing two
(2) months advance payment to the LESSOR, as
security deposit and will paid on/or before
September 28, 2018 ;

3. That the water and electric bills shall be for the

account of the LESSEE ;

4. That no improvements and repairs shall be done

without the permission of the LESSOR. Any
improvement and repair shall be on the account of
the LESSEE without reimbursement from the LESSOR ;

5. That all improvements therein shall belong to the

LESSOR ;

6. That agreement and contract is for the reference

during the liquidation of the herein LESSOR.
 IN WITNESS WHEREOF, the premises hereto have hereunto
set their hands this 7th day of September 2018 at San
Francisco, Agusan del Sur.

AISHA T. CORNELL QUEENIE M. VERTUCIO

(lessor) (lessee)

Signed in the presence of:

_______________________ _________________________

REPUBLIC OF THE PHILIPPINES )

PROVINCE OF AGUSAN DEL SUR )SS
MUNICIPALITY OF SAN FRANCISCO )

ACKNOWLEDGMENT

BEFORE ME, this 7th day of September 2018 at San

Francisco, Agusan del Sur, personally appeared the above-
named persons known to me to be the same persons who executed
the foregoing instrument consisting of two (2) pages
including this page, and they acknowledged to me that the
same are their free act and deed.

WITNESS MY HAND AND SEAL, the day, year and place above-
mentioned.

LEON O. MONTILLA, JR
Notary Public
Doc No. Until December 31, 2019
Page No. IBP Lifetime No. 03110
Book No. PTR No. 7441655 on 1-8-18
Series of 2018 At Agusan del Sur