CONTRACT OF LEASE

KNOWN BY ALL MEN THESE PRESENTS:

This Contract of Lease made and executed by and between:

<Name/s of Lessor> , of legal age, Filipino Citizens, and with Address at

<Address of Lessor>, hereinafter referred to as the "LESSOR";

-and-

<name/S of lessee> of legal age, <Citizenship>, and with postal address

<Address of Lessee> hereinafter refer ed to as the "LESS£E",

W I T N E S S E T H, T H A T

Whereas, the LESSOR is the registered owner of a Condominium Unit particularly described as <Condo
unit and address> with an area of <size in square meter>, more or less, together with all the improvements
listed in Annex "A" hereto attached, hereinafter referred to as the “Leased Premises";

WHEREAS, the LESSEE desires to lease the above—described property and the LESSOR has agreed to
lease the same to the LESSEE in accordance with the terms and conditions hereinafter set forth;

NOW, THEREFORE, for and in consideration of the foregoing, the LESSOR and the LESSEE have
agreed, as they hereby agree that the latter shall lease from the former the property described above,
subject to the following terms and conditions:

SUBJECT MASTER. The subject matter of this Contract of Lease is located at <type of unit> UNIT
<Condo unit and address> inclusive of Lease Negotiation Documents herein attached as Annex A,
hereinafter referred to as the LEASED PREMISES:

1. TERM. The terns of this lease shall be for a period of <no of months in words> (XX) MONTHS
commencing on <Start date of leasing> and expiring on <End date of Leasing>. This contract may
be extended or renewed upon mutual agreement of the parties. The LESSEE shall notify the
LESSOR in writing of its desire to extend or renew this contract at least thirty (30) days before the
expiration hereof.

Failure of the LESSEE to give the necessary notification within the agreed period or failure of the
parties to agree on the new terms and conditions of the extension or renewal shall give the LESSOR
the right to show the premises to prospective tenants thirty (30] days prior to the expiration of the
lease at reasonable hours and with prior notice to the tenant assigned by the
LESSEE. The security deposit shall be returned to the Lessee subject to Item No. 3 of this contract.

2. RENTAL RATE – The monthly rental of the LEASED PREMISES shall be <Amount in Words>
Pesos (Php XX,XXX.XX), inclusive of monthly association dues. The deposit from the previous lease
remains intact and shall be applied to the renewal period. The LESSEE shall submit twelve (12) post-
dated checks dated every XX of the month for the rental period mentioned above. The security
deposit shall stand as security for the performance by the LESSEE of its obligations under this
Contract and answer for any unpaid bills for utilities such as water, gas, electricity, telephone, etc.,
and other charges that may be incurred by the Lessee during the term of the lease as provided in
provision 3 below, penalties and/or surcharges, and damage on the leased premises aside from the
natural wear and tear. The balance, if any, shall be refunded to the LESSEE upon termination of this
Contract of Lease, settlement of accounts noted herein, and shall not to exceed sixty (60) days after
termination of this Contract and turnover of the leased premises to the LESSOR. Security deposit
shall be forfeited in case the LESSEE will not be able to complete the Contract period. The security
deposit cannot be applied as rental payment.

3. SECURITY DEPOSIT.
The security deposit shall stand as security for the performance by the LESSEE of its obligations
under this Contract and answer for any unpaid bills for utilities such as water, gas, electricity,
telephone, etc., and other charges that may be incurred by the Lessee during the term of the lease
as provided in provision 3 below, penalties and/or surcharges, and damage on the leased premises
aside from the natural wear and tear. The balance, if any, shall be refunded to the LESSEE upon
termination of this Contract of Lease, settlement of accounts noted herein, and shall not to exceed
sixty (60) days after termination of this Contract and turnover of the leased premises to the LESSOR.
Security deposit shall be forfeited in case the LESSEE will not be able to complete the Contract
period. The security deposit cannot be applied as rental payment.

4. UTILITIES EXPENSES – All expenses incurred by the LESSEE for public utilities services in the
Leased Premises such as water, electricity, gas, telephone, cable tv and internet subscription, etc.,
shall be paid by the LESSEE.

5. RESIDENTIAL PURPOSES – The LEASED PREMISES shall be used for residential purposes only
and for no other purposes without the written consent of the LESSOR. The LEASED PREMISES
may not be subleased or transferred without the written consent of the LESSOR.

6. FIXTURES, FURNISHINGS – The LEASED PREMISES is fully-furnished, equipped with furniture

and appliances as enumerated in Annex A. The LESSEE received the LEASED PREMISES in good
and orderly condition and shall be responsible for the proper maintenance and return of these items
 at the expiration of this Leased Contract in good and tenantable condition (except for reasonable
wear-and-tear). Any loss or damage caused to the furnishings, furniture and appliances due to any
cause whatsoever other than ordinary wear and tear, fortuitous events, such as typhoon,
earthquakes, explosion, fire, flood, etc., shall be for the account of Page 2 of 5 the LESSEE, who
shall immediately replace the same with the same kind and quality or repair the same to its/their
original condition

7. IMPROVEMENTS – The LESSEE shall not make any major or structural changes, alterations or
improvements in the LEASED PREMISES without the written consent of the LESSOR and the
Condominium Association. However, any major alterations or improvements made and introduced by
the LESSEE shall, upon the termination of this Contract, automatically inure to the benefit of the said
premises 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. The LESSEE may remove allthe improvements introduced
with the consent of the LESSOR provided such removal will not cause any damage to, or defacing
of, the LEASED PREMISES. Furthermore, if the removal of such things should cause damage or
defacement to the property or structure, the LESSEE shall fully compensate the LESSOR for such
damage. The LESSEE shall not drive nails, screws, hooks, or other abutments on the walls, frames,
or other portions of the LEASED PREMISES nor in any manner deface or damage any part of the
Leased Premises or the building.

8. SANITATION, REPAIRS, MAINTENANCE, AND CONTROL OF PESTS–The LESSEE shall keep

the LEASED PREMISES good, orderly and tenantable condition. The LESSEE shall, at their
expense maintain the LEASED PROPERTY in a clean sanitary condition, free from obnoxious odors
and disturbing noises and upon expiration of this lease or upon cancellation thereof as herein
provided shall surrender and return the LEASED PROPERTIES and fixtures in as good and
tenantable condition as when taken, ordinary wear and tear excepted. The LESSOR shall be
responsible for major repairs necessary on the LEASED PREMISES provided that the LESSOR shall
NOT be responsible for any major repairs on the LEASED PREMISES and on the water, electrical
and sewage installations caused by fault or negligence of the LESSEE, members of his household,
guests or visitors. After the premises have been duly inspected by and handed-over to the LESSEE,
all repairs and maintenance work thereafter costing not more than Five Thousand Pesos (P5,000.00)
shall be for the LESSEE’s account with no need of reimbursement. Any unforeseen structural repair
i.e. amounting to Five Thousand One Pesos (Php 5,001.00) or more for instance shall be for the
LESSOR’S account. Air conditioning units & Grease Trap shall be cleaned every after 6 months or
as needed.

9. SMOKING AND KEEPING OF PETS - Smoking is strictly prohibited inside the LEASED PREMISES
and shall only be done at areas designated by the admin office, if any. Non-compliance forfeits one
(1) month of security deposit. Pets are likewise subjected to the regulation of the admin in
accordance to the building rules and regulations. Any violation or damage/s caused by the pet such
as scratches made on the wall, furniture, etc., shall result to forfeiture of one (1) month of security
deposit.

10. INJURY, DAMAGE AND OTHER CRIMES - The LESSEE shall be responsible at all times for all
acts done, theft, robbery, or damages, injuries or death, of all persons allowed access to the
LEASED PROPERTIES. The LESSEE assumes full responsibility for any damage which may be
caused due to the LESSEE’s or their employee’s gross negligence, fraud or error against the person
or property of third persons while remaining either casually or on business in any part of the LEASED
PROPERTIES. Illegal activities, such as but not limited to drugs, smuggling, prostitution, etc., shall
not be tolerated. The violator shall be reported and turned over to the proper authorities for
investigation and possible prosecution.

11. FIRE HAZARD AND OBNOXIOUS SUBSTANCES – The LESSEE shall not keep, deposit or store in
the premises any obnoxious substances or inflammable materials or substances that may constitute
a fire hazard.

12. TAXES AND INSURANCE – Real Estate Tax, Government Assessments and fire insurance charges
on the LEASED PREMISES shall be for the LESSOR’S account.

13. THIRD PARTY LIABILITY – The LESSEE, during his occupancy of the LEASED PREMISES shall
hold the LESSOR free and harmless from any damages, liability or responsibility to any person or
property arising out of or as a consequence of the use of the LEASED PREMISES by the LESSEE,
his family, his agents, employees, domestic help and guests. The LESSOR has no liability in case of
damage or liability caused by fortuitous events or acts of God, such as typhoons, earthquakes,
explosion, flood, and the like. If the LEASED PREMISES should be damaged or destroyed to such
an extent as to make it untenable for a period exceeding two weeks, without the fault or neglect of
the LESSEE, either party may demand termination of this Contract of Lease. As a consequence
thereof, all advance but unused rentals shall be refunded by the LESSOR to the LESSEE without the
necessity of demand on the date of termination, without penalties and/or charges and the Security
Deposit shall be returned subject to clause provision 2.

14. RULES AND REGULATIONS – The LESSEE of the LEASED PREMISES agrees to abide by the
existing rules and regulations promulgated by the <Condominium Corporation>s as well as those
promulgated during the period of this Contract of Lease.

15. INSPECTION OF PREMISES – The LESSEE shall maintain the LEASED PREMISES in good and
tenantable condition and for such purpose the LESSOR reserves the right at reasonable times and
with the prior notice to the LESSEE, to enter and inspect the LEASED PREMISES and to make or
demand, as provided in this Contract, the necessary repairs thereof. The LESSEE likewise agrees to
cooperate with the LESSOR in keeping the said premises in good and tenantable condition.

16. SUBLEASE AND ASSIGNMENT OF RIGHTS – The LESSEE is leasing the LEASED PREMISES
for the use of his family. The LESSEE shall not assign, sell or transfer his lease or rights to the
LEASED PREMISES or any part thereof without the prior written consent of the LESSOR. In the
event of any violation by the LESSEE of this provision, the LESSEE shall be liable to pay to the
LESSOR a penalty in the amount of one (1) month rental and the LESSOR shall be entitled to
 terminate this Contract and forfeit all payments made herein.

17. FORTUITOUS EVENTS – If for reason beyond the control of the LESSEE and agreed upon by the
LESSOR, fortuitous events, fire, typhoons, earthquakes and floods, etc., the LEASED PREMISES
are damaged to the extent that it is totally destroyed and/or untenable for a period exceeding two (2)
weeks, the LESSEE shall have the option to terminate this Contract of Lease and the LESSOR shall
refund to the LESSEE any and all unused rentals –within thirty (30) days from the date of
termination, without penalties and/or charges and the Security Deposit shall be returned subject to
clause provision 2.

18. DEFAULT, PRE-TERMINATION & FORFEITURE– The LESSOR guarantees exclusive possession
and enjoyment by the LESSEE of the property for the entire period of the lease and all extensions
thereof, as long as the LESSEE fulfills all his/her obligations under this contract. Failure or delay on
the part of the LESSEE to pay equivalent of one (1) month rent or unpaid utility bills (water,
electricity, cable, etc.) shall be paid by the LESSEE. The LESSEE shall not terminate the lease
before the expiration of the period of the lease. In case of pre-termination by LESSEE, all security
deposit and advanced rental, if applicable, are forfeited.

19. RENEWAL – The LESSEE shall give a written notice to the LESSOR of its intention to renew the
Contract of Lease by giving <days of notice in words> (XX) days notice prior to the expiry date of
lease; otherwise, the LESSOR shall have the right to negotiate with and enter into lease
arrangements over the said premises to third parties and to show the unit to prospective clients at
reasonably pre-arranged times within the last thirty (30) days of the Contract of Lease.

20. SALES, TRANSFER, OR MORTGAGE – In the event of sale, transfer, mortgage or any other
encumbrances of the LEASED PREMISES, or any existing sale,transfer, mortgage or encumbrance
of the same,the LESSOR shall warrant that the purchaser, mortgagee, or encumbrance shall respect
and abide by all the terms and conditions of this Contract of Lease including the provisions of
renewal thereof.

21. FAILURE TO PAY ON TIME – In case of failure to pay its financial obligations on time, the LESSEE
shall pay a penalty of FIVE HUNDRED PESOS (PHP 500.00) per day and shall confer upon the
LESSOR, without necessity of a court order/decision,the rightto disconnect all utility facilities such as
electricity, water,telephone, and others, to the LEASED PREMISES within 72 hours from receipt by
the LESSEE of the notice of default. The LESSEE will be given a maximum of seven(7)days to settle
his arrears (both rent and utilities). Otherwise, he has to willingly vacate the unit and surrender the
key to the unit. Unpaid rent shall be charged and shall likewise be paid by the LESSEE. These
outstanding bills shall have to be settled by the LESSEE before moveout of personal belongings of
the LESSEE shall be allowed. The rental shall be considered as a default of the contract, and shall
entitle the LESSOR to eject LESSEE from the premises without need of judicial proceedings. The
amount paid in accordance with paragraph 2 hereof shall be forfeited in favor of the LESSOR as part
of liquidated damages.

22. RETURN OF PREMISES – Upon termination of this Contract for any reason whatsoever, the
LESSEE shall immediately vacate the LEASED PREMISES and return possession thereof to the
LESSOR in good and tenantable condition (except reasonable wear and tear). The inspection of the
LEASED PREMISES by the LESSOR shall be conducted on the day the LESSEE vacates the said
premises. The LESSEE also reserves his/her right to be present during the inspection of the
LEASED PREMISES and also notify LESSOR or his Representative of such intention. Cost of the
general cleaning upon surrender of the LEASED PREMISES will be for the account of the LESSEE.
If the said premises is not surrendered at the expiration of the lease, the LESSEE shall be
responsible to the LESSOR for ALL damages which the LESSOR may suffer by reason thereof,
including loss of income in case of withdrawal of the succeeding tenant from its lease contract or any
and all claims made by the succeeding tenants against the LESSOR resulting from the delay by the
failure of the LESSEE to surrender the LEASED PREMISES on time. For every month of delay, the
LESSEE shall pay unto LESSOR an amount equivalent to double the monthly rental agreed herein
per month by way of liquidated damages. Provided, the LESSOR, at his option enter into and take
immediate possession of the LEASED PREMISES and place the properties of the LESSEE in
storage at the expense of the LESSEE.

23. NO WAIVER – Failure of the LESSOR or the LESSEE to insist on one or more instances on the strict
performance of any of the covenants of this lease, or to exercise any option herein contained, shall
thereafter not be construed as abandonment or cancellation or waiver of such covenant or option. No
waiver shall be deemed to have been made unless expressed in writing and signed by the LESSOR
or the LESSEE.

24. DEFAULT AND TERMINATION - A Party shall be entitled to terminate this Agreement upon the
occurrence of any of the following events of default: (a) breach by aParty of any of its
representations, warranties, covenants and obligations in this Agreement; and (b) the insolvency of a
Party, or the application by a party for suspension of payments, disposal of a Party of all or
substantially all of its assets or assigns its assets for the benefit of creditors, or where a Party is
subjected to voluntary or involuntary dissolution or adjudged bankrupt.

Upon the occurrence of an event which will give rise to the right of a Party to terminate this
Agreement, the non-defaulting Party shall give the defaulting Party written notice of default and
giving the defaulting Party a period to be specified in such notice, which in any event should not be
less than 30 calendar days, within which to rectify, remedy or cure such default (if curable). However,
in the event that the defaulting Party fails to rectify, remedy or cure such default with the period
granted, the non-defaulting Party shall have the right to terminate this Agreement, provided that such
termination shall be without prejudice to other rights and remedies available to the non-defaulting
Party under this Agreement and existing laws. The defaulting Party shall indemnify the non-
defaulting Party and its employees and agents from and against any and all liabilities, claims,
demands, actions, suits losses, damages, costs and expenses (including attorney’s fees) to be
actually incurred or to be incurred by the non-defaulting Party and/or which will be payable to third
persons resulting from, arising out of or in connection with the occurrence of any of the events of
termination or the negligence or willful misconduct of the defaulting Party or its employees or agents
 without any contributory fault or negligence by the non-defaulting Party. In the event of a breach of
contract on the part of the LESSEE, the security deposit and advance rentals shall be forfeited in
favor of the LESSOR.

25. INTERRUPTION OR HINDRANCE – Any interruption or hindrance in the use by the LESSEE of the
LEASED PREMISES due to repairs as may be made therein or interruption of services of any public
utility shall not entitle the LESSEE to any damage or compensation whatsoever nor shall it be a
cause for the deduction of rentals.

26. REPRESENTATIONS AND WARRANTIES - The LESSEE represents and warrants to the LESSOR
that he has duly and validly executed and delivered this Agreement and this Agreement constitutes a
legal, valid and binding obligation enforceable against him in accordance with its terms.

IN WITNESS WHEREOF, the parties hereto have signed these presents on the date and at the place first written.

____________________________________

(LESSOR)

____________________________________

(LESEE)

SIGNED IN THE PRESENCE OF:

__________________________ __________________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

DASMARINAS CITY, CAVITE ) S. S.

BEFORE ME, a Notary Public for and in ______________, personally appeared the following persons with their ID nos.
as follows:

NAME ID NUMBER DATE / PLACE ISSUED

1)
2)

known to me and to me known 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 5 pages including this page
wherein this acknowledgment is written has been signed by the parties hereto and their instrumental witnesses at the
lower portion of page _____ and left hand margin of all other pages hereof, relates to a lease of a condominium unit.
WITNESS MY HAND AND SEAL, this _____ day of _______________ 2022 in ________ City, Philippines