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

________________________, of legal age, Filipino, and a

resident of ______________ 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 Thirteen Thousand
(P13,000.00) Pesos, for a period of one (1) year
(renewable) starting May 8, 2018 ;

2. That the LESSEE shall pay the amount of Thirteen

Thousand Pesos (P13,000.00), as advance payment to
the LESSOR, and another Thirteen Thousand Pesos
(P13,000.00), as security deposit ;

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 27th day of April 2018 at San Francisco,
Agusan del Sur.

AISHA T. CORNELL _____________________

(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 27th day of April 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, 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