CONTRACT OF LEASE

This CONTRACT OF LEASE is made and executed at the City of

Manila, this day of
31 March 2023 by and between:

MICHELLE A R CE, Filipino, Single/Married, and with residence and postal address
at ________________________________________________________, hereinafter referred to as
the LESSOR.
-AND-

_____________________________________________, Filipino and with residence and postal

address at ___________________________________________, hereinafter referred to as the
LESSEE.
WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a condominium

unit situated at Unit 1836, 18th Floor, Grand Residences España 2;

WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the
LESSEE is willing to lease the same;

NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR
leases unto the LESSEE and the LESSEE hereby accepts from the LESSOR the
LEASED premises, subject to the following:

TERMS AND CONDITIONS

1. PURPOSES: That premises hereby leased shall be used exclusively by the LESSEE for
residential purposes only and shall not be diverted to other uses. It is hereby
expressly agreed that if at any time the premises are used for other purposes, the
LESSOR shall have the right to rescind and terminate this contract.

2. TERM: This term of lease is for One (1) Year MONTHS from __________________to
________________________ and renewable thereafter upon the mutual consent of the
parties.

3. MONTHLY RENT: The monthly rental rate for the leased premises shall be in PESOS:
Seven Thousand Five Hundred Pesos Only (Php7,500.00) inclusive of association
dues and internet connection (wifi) through e i t h e r direct deposit or online bank
transfer payable to the LESSOR.

4. PAYMENT: Upon signing of the lease contract, the LESSEE shall pay to the
LESSOR the following:
a. Payment via online bank transfer for the ONE-MONTH advance and security
deposit for TWO MONTHS or the sum of PESOS: Twenty-Two Thousand Five
Hundred Pesos (Php22,500.00), wherein the one (1) month advance shall be
applied as rent for the 1 st month (10 May 2022 to 9 June 2022) and the two (2)
months security deposit shall be applied to answer partially for damages and
utilities such as Water, Electricity, CATV, Telephone and any other obligations
resulting from violation(s) of any of the provision of this contract. This does not
apply as rent for the last month of stay.
b. LESSEE shall pay via direct deposit or online bank transfer or GCash to the
LESSOR every 10th of the month starting 10 June 2022 to 10 October 2022
each in the amount of P7,500.00.
c. LESSEE shall pay the prorated amount of Php2,750 for the 11-day extension from
10 to 20 November 2022.

5. NOTICES AND PRETERMINATION: In case of pre-termination of this LEASE

CONTRACT by the LESSEE, the security deposit shall automatically be forfeited in
favor of the LESSOR without prejudice to filing of claims for additional damages;
the LESSEE shall notify, in writing, the LESSOR ONE (1) MONTH in advance on
whether to renew or terminate this LEASE CONTRACT. Failure to do shall be
construed as renewal of this contract and, therefore, all terms and conditions of
this LEASE CONTRACT shall be in full effect, except where LESSOR waives the
automatic renewal provided herein.

6. DEFAULT PAYMENT: In case the LESSEE fails to pay rental such as when the
checks are dishonored, the LESSOR shall be entitled to terminate this Contract
and exercise its rights as provided hereunder. In any case, the LESSOR shall be
entitled to forfeit the security deposit paid to him by the LESSEE as and by way
of liquidated damages.

7. UTILITIES: The LESSEE shall pay for its utilities; electric, cable TV, water,
and/or other public services and utilities as may be imposed by the building
 administrator of the condominium building except for the association dues and
internet connection (wifi) during the duration of the lease.

8. USE OF THE PREMISES: The premises shall be used exclusively for residential
purposes only of the LESSEE and shall not in any way be used for any illegal or
unlawful activity or to keep materials, chemicals and other matters considered as
fire hazards or nuisance to the building.

9. ASSIGNMENT AND SUB-LEASE: The LESSEE shall not directly or indirectly

sublet, allow or permit the leased premises to be occupied in whole or in part by
any person, form or corporation, neither shall the LESSEE assign its rights
hereunder to any other person or entity and no right of interest thereto or therein
shall be conferred on or vested in anyone by the LESSEE without the LESSOR'S
written approval/consent.
10. ALTERATIONS AND IMPROVEMENTS: The LESSEE shall not make any
alteration, structural changes or improvement in the leased premises without the
prior written consent of the LESSOR. However, at the termination of the lease, the
same not having been renewed by the parties, the LESSEE shall restore the leased
premises in its original state existing at the commencement of the agreement.
Restoration of the LEASED PREMISES shall be for the exclusive account of the
LESSEE. Any agreed improvement after the lease is terminated and after the
LESSEE shall have vacated the premises shall belong to the LESSOR.

11. RULES AND REGULATIONS: The LESSEE binds himself/herself to comply with
the existing rules and regulations of Grand Residences España 2.

12. HAZARDS AND PROHIBITED MATERIALS: The LESSEE shall not keep or store in
the lease premise any hazardous and obnoxious substance or inflammable material
or substance that might constitute a fire hazard and other chemicals and materials
or prohibitive drugs in violation of the laws of the Philippines.

13. NOISE: The LESSEE shall not allow any noisy activities on the leased premises that
may disturb the peace and quiet of another RESIDENT and/or neighbor which
may result to dispute.

14. PETS: The LESSEE shall not allow any animal, fowl, fish, reptile, and/or pet of
any kind on or about the leased premises for any amount of time without
obtaining the prior written consent of the LESSOR and Condo Admin.

15. UNIT MAINTENANCE: The LESSEE shall, and shall cause any of the LESSEE’s
occupants or his/her guest to, well and sufficiently preserve, repair and maintain
in good, clean, habitable and working condition (reasonable wear and tear
accepted) of the leased premises, including but not limited to the flooring, interior
plaster or other finishes, doors, windows, cables, conduits, wiring, sockets,
electrical installations, plumbing fixtures or other fixtures supplied or furnished by
the LESSOR for the leased premises.

a. The LESSEE shall be responsible for the payment of any cost to be incurred for the
repair or maintenance of the leased premises or any fixture supplies or
appliances furnished by the LESSOR for the leased premised when such cost
in each instance of repair or maintenance (inclusive of labor and materials) shall
not exceed Five Thousand Pesos (P5,000.00). Anything in excess of the foregoing
amount shall be for the account of the LESSOR, provided that the damage on
the leased premises and any fixture supplied or furnished was not due to the
LESSEE’s negligence or evident bad faith.
b. It is understood, however, that the ownership of any fixtures supplied or
furnished shall still be with the LESSOR.
c. It is further understood that any damage caused to the leased premises or any
fixture supplied or furnished by the LESSOR for the leased premises resulting from
the fault of or negligence of the LESSEE or any of the LESSEE’s occupants or
guest shall be solely for the LESSEE’s account, and the cost to repair such
damage to the leased premises or to repair or replace such damaged fixture shall
be for the account of the LESSEE.
d. LESSEE shall ensure proper maintenance of appliances inside the unit by
observing regular cleaning schedule of the following (but not limited to) Air
Conditioning Unit (quarterly), Grease Trap (if any), Range Hood Filters.

16. LESSOR'S RIGHT OF ENTRY: The LESSOR or its authorized agent or public
utility company and their authorize representatives shall after giving due notice to the
LESSEE shall have the right to enter the premises in the presence of the LESSEE or
its representative at any reasonable hour to conduct inspection of the leased premises
or make repairs therein or for the operation, protection and maintenance of the
building or to exhibit the leased premises to prospective LESSEE, or for any other
lawful purposes which it may deem necessary.

17. HOLD HARMLESS: The LESSEE during the occupancy of the Leased Premises
shall hold the LESSOR free and harmless from any liability for injury to any
person or damage to property arising out of or as a consequence to the use of the
Leased Premises by the LESSEE, its agents, guests, etc.

18. ATTORNEY FEES: In case of breach of any of the covenants herein contained on
the part of the LESSEE, the LESSOR may, while the default shall continue, and
notwithstanding any waiver of any prior of breach of condition, without notice or
demand, terminate this Lease Contract and enter upon the premises and expel, evict
and remove the LESSEE and his effects shall be entitled to collect liquidated damages
in the amount of P50,000.00, expenses of litigation, if any cost of collection and
Attorney’s Fees in an amount no less than P20,000.00.
19. VIOLATIONS: The LESSOR may, at his option, consider this agreement
automatically canceled, without need of any court action, upon ten (10) days’
notice given to the LESSEE based on any violation made by the LESSEE or its
occupants and representatives of any of the terms and conditions stipulated in this
contract. In such event, the LESSEE shall vacate or cause his occupants to
immediately vacate the Leased Premises, failure in which, the LESSEE shall be liable
to LESSOR for liquidated damages as provided in Section 18, without prejudice to
the rent due until LESSEE has fully complied thereto.
20. RETURN OF THE PREMISES: Upon termination of this contract of lease for any
reason whatsoever, the LESSEE shall immediately vacate the Leased Premises and
return possession thereof to the LESSOR with all the keys thereto appertaining,
devoid of all occupants, furniture and articles, and other movable effects of any
kind owned by the LESSEE, except the ones provided by the LESSOR. The Leased
Premises shall likewise be returned to the LESSOR by the LESSEE in as clean,
good and tenantable condition as when received from the LESSOR at the start of
the Lease Term, ordinary wear and tear exempted.

Within thirty (30) days prior to the return of the Leased Premises, the LESSOR may
show the Leased Premises to the prospective tenants at reasonable hours of the
day, provided that the LESSOR gives at least two (2) days prior written notice to
the LESSEE.

Should the LESSEE refuse to vacate the Leased Premises after termination of this
Contract of Lease for any reason whatsoever, the LESSOR shall have the right to eject
the LESSEE from the Leased Premises and for this purpose, the LESSEE hereby
expressly appoints the LESSOR as his duly authorized Attorney-in-fact with power
and authority to cause the Leased Premises to be opened in the presence of the
representatives of OWNER OF UNIT 1836 to take inventory of the LESSEE’s
equipment, furniture and other property.

Should the LESSEE fail to claim his/her equipment, furniture and other property
within thirty (30) days from notice, the LESSOR is hereby given the right to
dispose of said property in a private sale and to apply the proceeds to the
payment of whatever indebtedness of LESSEE to the LESSOR and the balance, if
any, shall be given to the LESSEE, LESSOR shall not incur civil and criminal liabilities
whatsoever by exercising their rights granted under these provisions. In addition
to the right mentioned above, the LESSOR shall have the power and authority to
padlock the Leased Premises and prevent the LESSEE and/or any of his/her
employees, agents and guests from entering and using the Leased Premises until all
outstanding accounts of the LESSEE are paid in full and the LESSEE is ready to
vacate the Leased Premises.

21. FORCE MAJEURE: If whole or any part of the leased premises shall be destroyed
or damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any other
unforeseen disabling cause of acts of God, as to render the leased premises during
the term substantially unfit for use and occupation of the LESSEE, then this lease
contract may be terminated without compensation by the LESSOR or by the
LESSEE by notice in writing to the other.

This CONTRACT OF LEASE shall be valid and binding between the parties, their
successors-in-interest and assigns.

IN WITNESS WHEREOF, parties herein affixed their signatures on the date and place
above written.

MICHELLE B. PAMELLA KATE T. TOMENIS

ARCE
LESSOR LESSEE

Signed in the presence of:

ACKNOWLEDGEMENT