CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This contract of Lease made and executed this day Philippines.

By and between

LESSOR: LODGELYN CAI

ADDRESS BACOOR CITY CAVITE
And

LESSEE :CHENG DONGFU

ADDRESS :PASAY CITY, MANILA

WITNESSETH THAT:

NOW THEREFORE. For and in consideration of the foregoing premises and the mutual
covenants hereinafter set forth, LESSOR hereby leases, lets and delivers by way of lease,
and LESSEE hereby accepts, the Leased Premises under the following terms and
conditions.

PROPERTY LEASED TYPE OF UNIT : UNIT ____, SHORE RESIDENCES, PASAY CITY 4 1 BR.
27.67 SQM. ________________________, W/O PARKING SLOT.

1. Lease Term: ONE (1) year/s contract, commencing on SEPTEMBER 18,2023TO

SEPTEMBER 18,2024 and renewable thereafter upon mutual agreement of both parties
within Thirty (30) days prior to the expiration of this contract, otherwise the lease shall
automatically expire and the Lessor may lease the premises to another party.
2. Monthly Rental: TWENTY THREE THOUSAND PESOS ( Php 23,000.00) per month, net
of withholding tax, E-VAT, exclusive of association dues and utility bills (internet, cable,
electric and water and etc.) payable through CASH.
3. Upon signing of the LEASE OF CONTRACT, the LESSEE shall pay the following: a.
SECURITY DEPOSIT: THREE (3) month/s, SIXTY NINE THOUSAND PESOS ( Php 69,000.00).
This shall answer for all unpaid bills such as association dues and utility bills (internet,
cable, electric and water and etc. and damages to the property aside from the ordinary
wear and tear; and the balance, if any, shall be refunded to the LESSEE without any
Interest Sixty (60) days after termination of this contract of Lease or upon presentation
of the proof that all utility bills/charges and damages to the unit are settled, whichever
comes first. b. DEPOSIT: (1 MONTH) applicable to the month/s rental for SEPTEMBER
18,2023 - OCTOBER 18,2023.
4. UTILITIES CHARGES AND ASSOCIATION DUES - The monthly Association Dues and all
utility services such as electricity, water, telephone and internet and cable TV
subscriptions in or within the Leased Premises during the term of this lease shall be
account of the LESSEE.
5. RESIDENTIAL PURPOSES The LEASED PREMISES shall be exclusively used for
residential only.
6. MAINTENACE AND REPAIRS- The LESSEE Premises clean in sanitary condition. The
LESSEE has acknowledged that it has inspected the Leased Premises and found the same
to be in a good habitable and tenable condition, including all fixtures. The repairs arise
from damages caused by or due to the fault or negligence of the LESSEE, members of its
household, guests or visitors, in which case, the same shall be for the account of the
LESSEE. The LESSEE shall immediately report to the LLSSOR any major repairs to avoid
further damage to the Leased Premises. Minor repairs on the Leased Premises, on the
other hand, shall be for the sole account of the LESSEE.
7. IMPROVEMENTS- The LESSEE shall; not make any structural alterations, additions, or
improvements In the Leased Premises without the written consent of the LESSSOR,
provided however, that all such authorized alterations, additions or improvement made
by the LESSEE shall upon termination of this Contract of Leased Premises as part thereof
without any obligation on the part of the LESSOR to pay or refund its value or cost to the
LESSEE .The LESSEE however, may install or introduce furniture, carpets, appliances,
ornamental and decorative objects or fixtures which are not permanent in nature and
which can be remove without damaging or defacing the Leased Premises.
8. FIRE HAZARD AND OBNOXIOUS SUBSTANCES- The LESSEE shall not keep or store in
the Leased Premises any obnoxious substance or inflammable materials, which may
constitute fire hazard.
9. THIRD PARTY LIABILITY- The LESSEE during occupancy of the Leased Premises shall
hold the LESSOR free and harmless from any damage, 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, member of the household, or visitors.
10. TRANSFER OF RIGHTS- The LESSEE shall not assign, sell or transfer his leasehold
rights to the Leased Premises or any part thereof in favor of any third party whomsoever
without the prior written consent LESSOR. No subleased to other party and if in case the
LESSEE has no appearance within Fifteen (15) days, The LESSOR has all the rights to take
in charge again for the unit and take all the legal possession of the things/object inside
the unit.
11. PRE-TERMINATION CLAUSE-The LESSEE is shall have no right to pre-terminate this
Contract. In the event the LESSEE is assigned to another country, resign, or otherwise
terminates his employment, or is gravely ill/injured or transfers to another property, In
the event the LESSEE has no other designated occupant, the security deposit shall be
forfeited automatic.
12. NON-WAIVER-Failure of the LESSOR or the LESSEE to insist in one or more instance
in the strict performance of any of the covenants of this lease, or to exercise any of its
rights herein contained, shall thereafter not be constructed as abandonment or
cancellation or waiver of such covenants or option. No waiver shall be deemed to have
been made unless expressed in writing and signed by the LESSOR or LESSEE.
13. INSPECTION OF PREMISES- The LESSEE shall allow the LESSOR or his duly authorized
representative to enter the Leased Premises at reasonable hours and with prior notice
to inspect the premises or undertake maintenance and /or repair works. The owner has
the right to Inspect the unit every month.
14. TURNOVER OF LEASED PREMISES-Upon expiration/termination of this Contact of
Lease for any reason whatsoever, the LESSEE shall immediately vacate and return
possession thereof to the LESSOR in clean and orderly manner and in the same good
and tenable condition, reasonable wear and tear expected. Thirty (30) days prior to the
return of the Leased Premises, the

LESSOR may affix the "FOR RENT/LEASE "sign on the subject premises and may show
Lease Premises to prospective tenant during the said period at a reasonable time and
with prior notice.
15. MORTGAGED OR SALE OF LEASED PREMISES In case the LESSOR decided to
mortgage or sale the LEASED PREMISES, at the LESSEE has first priority to buy and also
has right to finish the CONTRACT period with the new owner.
16. DEFAULT PAYMENT - In case of default by the LESSEE in the payment of the rent,
the LESSOR at its option may terminate the contract and eject the lessee. The LESSOR
has the right to padlock if the lessee is failure to pay maximum of 7 days .If the LESSEE is
in default of payment the IFSSOR may forfeit whatever rental deposit or deposit or
advances have been given by the lessee.
17. BREACH OF CONRACT - Any violation of this Contract of Lease on the part of the
LESSOR or LESSEE shall be sufficient ground for the termination hereof by the aggrieved
party. Without prejudice to any claim arising there from, provided the defaulting party
shall be given reasonable time within which to remedy or cure the violation.
18. RULES & REGULATION - The LESSEE required following and complying with the
governing House rules to avoid property and personal risk as well as inconvenience as
consequences of violation. In case the LESSEE violate the rules and regulation
promulgated by Property Management Office of the unit, the LESSEE shall charge a
violation fee.
19. BINDING EFFECT This contract shall be binding upon and Inure to the benefits of the
successors in-interest and assigns of both parties.

IN WITNESSETH WHEREOF, the parties hereto have hereunto set their hands at the
place and as of the date first above-written.

LESSOR LESSEE

LODGELYN CAI CHENG DONGFU

SIGNED IN THE PRESENCE OF

ANNA LORINE AUSTRIA LEA WANG

ATTORNEY IN-FACT (SPA) WITNESS