CONTRACT OF LEASE

I (full name of lessor), of legal age, single (or married to ________________________),

with residence and post-office address at __________________________________, for and in
consideration of the agreements hereinafter mentioned, do hereby LEASE unto (full name of
lessee), of legal age, single (or married to ________________________), with residence and
post-office address at __________________________________, that certain building, together
with the lot on which it stands, situated at__________________________, and more particularly
described as follows:
(Description of building and lot)

of which lot I am the registered owner, in accordance with the provisions of the Land
Registration Act, my title thereto being evidenced by Transfer (or Original) Certificate of Title
No._______ of the Registry of Deeds of__________________________________;

That the term of this lease is ________________________, from and after the execution
of this contract of lease, renewable at the will of both parties;

And I, (full name of lessee), for and in consideration of this contract of lease, do hereby
bind myself and promise to pay or cause to be paid unto the said lessor,
________________________, at the latter’s residence, a monthly rental of
____________________________________ PESOS (P__________________) during the period
of this lease, payable in advance during the first five days of each and every month;

And it is hereby stipulated: That the lessee shall have no right to sublease the above
premises without the written consent of the lessor; that the water, light, gas, and telephone
charges in said premises shall be for the account of the lessee; that all ordinary expenses incurred
or that may arise in the daily use of the toilet facilities and sewers in the premises shall be for the
account of the lessee; and that any improvements made by the lessee in the above premises, and
existing at the termination of the lease, shall remain as the property of the lessor, without right to
reimbursement to the lessee of the cost or value thereof.

IN WITNESS WHEREOF, the parties hereto have set their hands this ______ day of 2_____,
________________, in _________________, Philippines.

_______________________ _______________________
(Lessor) (Lessee)

WITNESSES:
_______________________ _______________________

ACKNOWLEDGMENT