CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This contract of lease made and entered into this 4th day of July 2022 at Manila, by and between.
CHRISTINE PESCUESO ABAYAN of legal age, with postal address at 29A Caragay Compound
Brgy. Damayan, Quezon City hereinafter referred to as the LESSOR;

- and -

CAROSEL ROBLE SACANDAL of legal age, with postal address at Blk 40 Lot 15 PH 1 Elenita
Heights, Catalunan Grande, Davao City, Davao Del Sur hereinafter referred to as the LESSEE;

WITNESSETH THAT

WHEREAS, the LESSOR is the lawful and absolute owner of a Residential Condominium Unit
No 1407 RSG ST. SCHO RESIDENCES at Manila City Philippines, with an area of (16) square
meters and 9 sqm loft (bedroom) approx., without a parking slot, hereinafter referred to as the
LEASED PREMISES. of which is hereby acknowledged by the LESSEE as follows:

WHERES, the LESSE desires to lease the above-mentioned premises and the LESSOR is willing
to lease the same unto the LESSEE subject to follow the following terms and conditions hereinafter
specified;

NOW, THEREFORE, for and in consideration of the foregoing and mutual covenants and
stipulations hereinafter set forth, the properties agreed and hereby agree as follows:

1. LEASE PERIOD
The lase period shall be TWELVE (12) MONTHS commencing on August 15, 2022 on which
date this lease shall the effect and expiring on August 14, 2023. This contract is considered
automatically renewed unless terminated by both parties. Once renewed there shall be a five
percent (5%) increase after two years.

2. RENTALS AND DEPOSIT AS SECURITY FOR LIQUIDATED DAMAGES

For the use of the premises, the LESSEE shall pay a monthly rent amounting to FIFTEEN
THOUSAND PESOS (P 15,000.00) inclusive of monthly Association Dues and WIFI, only
during the entire term of this lease, without the necessity of any formal demand. Upon signing of
this contract of lease, the LESSEE agrees to pay the LESSOR the sum FIFTEEN THOUSAND
PESOS (P 15,000), as Security Deposit (equivalent to 1 month rent) from to guarantee the
faithful performance of all the terms and conditions of the lease including unpaid utilities such as
water, electricity, damages or loss to the leased premises aside from natural wear or tear upon
termination of the contract of lease. The LESSOR shall deduct such expense from the security
deposit and refund the balance if any to the LESSEE within thirty (30) days after the termination
of the lease Contract. The security deposit shall not in any manner release the LESSEE for any
unpaid rent. If all the terms and conditions are fully complied with by the LESSEE, then the
security deposit shall be refunded to the LESSEE in full within a period of the thirty (30) days
upon surrender of the premises in good state and condition , reasonable use, wear, tear thereon
excepted, at the termination of this lease.
Also, upon signing of the contract, the LESSEE agrees to pay the LESSOR the amount of
FIFTEEN THOUSAND PESOS (P 15,000.00) to cover the advance one month rental fee.
LESSEE shall issue Post Dated Check or Should deposit on or before the 15th of the month the
amount of Fifteen
 Thousand Pesos to the LESSOR’S Bank Account with the following details:
Bank Name : Eastwest Bank
Account Name : Christine Abayan
Account No. : 200039664789

3. SECURITY SERVICE

The RSG ST. SCHO Residence Condominium Corporation shall provide 24 hours security service to
police the building premises. But the LESSOR and the said condominium association shall not be held
liable or accountable for any loss or losses that may be suffered by the LESSEE in the leased premises by
reasons of the theft, robbery and other crimes.

4. USE OF PREMISES

The leased premises shall be used only and exclusively for agreed residential purposes and in
accordance with restrictions, rules and regulations prescribed by the RSG ST. SCHO Residence
Condominium Corporation and for no other purpose without the written consent of the LESSOR and
the Condominium Corporation

The LESSOR has provided the lessee, the following basic furniture’s in the said unit:

a. AIRCONDITION UNIT e. STAINLESS STEEL TABLE

b. REFRIGERATOR, INDUCTION COOKER f. RICE COOKER, ELECTRIC KETTLE

c. 2 QUEEN SIZE MATTRESS g. 2 PLASTIC CHAIRS

d. WALL FAN, STAND FAN

5. IMPROVEMENTS, ALTERATIONS, ADDITIONS, ETC.

The LESSEE shall not make any structural changes, alterations, additions or improvement in the leased
premises without the written consent of the LESSOR and as approved by the Condominium Corporation.
However, any leased premises with the written consent of the LESSOR and/or the CONDOMINIUM
CORPORATION shall, upon the termination of this contract, automatically inure to the leased premises
and become property of the LESSOR without any obligation on the latter’s part to refund its value cost
to the LESSEE. Any movable improvement introduced by the LESSEE may or be removed at his own
expense without damaging the leased premises.

6. SANITATION AND REPAIRS

The LESSEE shall keep, the LEASED PREMISES clean & insanitary condition and keep it all the time
at its expense in good condition free from obnoxious odors and disturbing noises; and upon expiration of
the lease, shall surrender and return them in same condition as the premises were at the time was first
occupied by the LESSEE. Likewise, the LESSEE shall be responsible for the monthly cleaning, repair
and maintenance of the air conditioning unit, and monthly grease trap cleaning. The LESSEE shall not
drive nails, screw, hooks, or other abutments on the walls, doors, windows, frames or other portions of
the building or in any manner deface or damage any part of the premises of the building.

7. FIRE HAZARD & OBNOXIOUS SUBSTANCE

The LESSE shall not keep, deposit or store in any leased premises any obnoxious or flammable,
explosive material or substance that might constitute a fire hazard. In case of damage to the leased
premises or its appurtenance by fire, earthquake, war or any other related unforeseen caused, the
LESSEE will give immediate notice hereof to the LESSOR. If the building or the leased premises were
so nearly destroyed as to make it uninhabitable without the fault or neglect of the LESSEE, either party
may demand for the rescission of this contract.
No compensation or claim shall be allowed against the LESSOR by reason of the inconvenience,
annoyance, or injury arising out of the necessary repair of any portion of the condominium building. If
the cause of the destruction is attributable to the Lessee’s storage of combustible materials in the leased
premises which are not approved by the Condominium Corporation, or LESSEE’S negligence, then the
damage shall be repaired at the exclusive expense of the LESSEE.

8. TAXES AND INSURANCE

Real Estate Taxes, Government Assessments and fire insurance charges shall be for the account of the
LESSOR and any special assessment of the RSG. ST SCHO- Residence. CONDOMINIMUM
CORPORATION (L.I.P.O- Light and Power Consumption for the common areas) shall be for the
account of the LESSEE, amount to be determined by the RSG ST. SCHO Residence Condominium.

9. THIRD PARTY LIABILITY

The LESSEE during its occupancy of the LEASED PREMISES shall hold LESSOR free and harmless
from any loss, damage of liability or responsibility to any persona rising out of, or as a consequence of
the use of the property by the LESSEE, his employees or guest. When such damage or liability is caused
by fortuitous events beyond the control of the LESSEE, the LESSEE shall not be liable to the LESSOR.

10. LESSOR’S COVENANT

The LESSOR binds itself to insure, maintain and defend the right of the LESSEE to the full enjoyment
and possession of LEASED PREMISES during the entire term of this lease; to allow the LESSEE full
access to the leased premises.

11. GUARANTEED LEASE

The LESSEE hereby warrants a guaranteed Six (6) months lease period and no amount of the security
deposit shall be refunded to the LESSEE should pre-termination take place at this time, without
prejudice to other damages and claims that may be due to the LESSOR to protect his rights and/ or
enforce any terms hereof, and for which the LESSEE shall also be liable.

12. INSPECTION OF THE PREMISES

The LESSEE shall maintain the LEASED PREMISES in good tenantable conditions ordinary wear and
tear except, for such purpose the LESSOR reserves the rights at reasonable times and with prior notice to
enter and inspect the LEASED PREMISES (every three months) and to check necessary repairs thereof
and most especially during the last two (2) MONTHS of the term of lease, the LESSOR have the right to
inspect the leased premises.

13. RETURN OF PREMISES

Upon the termination of the period of this lease the LESSE shall peacefully vacate the LEASED
PREMISES without delay whatsoever and restore possession thereof to the LESSOR with the complete
set of the keys and in as good conditions as when first occupied in a clean and orderly manner. The
LESSOR shall have the right to show the LEASED PREMISES to prospective tenants at reasonable
hours and with notice to the LESSEE at least 3 days before. Failure to surrender – if the said premises be
not surrender at the end of there being no renewal agreed upon, the LESSEE shall be responsible to the
LESSOR for damages, at fee rate of TWO THOUSAND FIVE HUNDERED PESOS (P2,500.)
Philippine currency, per day of each delay.

14. RULES AND REGULATIONS

The LESSEE agrees to comply and to abide with any reasonable rule and safety regulation which may
be promulgated from time to time by the RSG ST, SCHO Residence Condominium CORPORATION,
and with all duly constituted authorities of the municipal, provincial or national government arising from
or regarding the use, occupancy and sanitation of the leased premises.

15. DELAYED PAYMENT

A. Non- payment of rental for one (1) month would mean an automatic cancellation of this contract and
the LESSEE shall vacate the premises peacefully;

B. It is further understood that the LESSEE is obliged to replenish any check payment that bounced
within a period of seven (7) working days from date it bounced to update payment. The LESSEE cannot
take out from the LEASED PREMISES any equipment, fixtures or appliances as stated in the LEASED
PREMISES of this Contract; without consents from the LESSOR or his duty authorized representative/s

C. Any DELAYED PAYMENT shall earn a compounded interest of Twenty Four percent (24%) per
year computed on daily basis until such due payment be paid.

D. The LESSEE is also authorized and granted the right, in case of the arrears in payment of rent, to cut
off any or all utility services to the LESSEE until full payment of said arrears, including interest, have
been made.

16. SUBLEASE OF UNIT

The LESSEE is prohibited from subleasing the premises and must register to the LESSOR all legitimate
& permanent co-tenants for proper monitoring of occupants with the RSG ST. SCHO Residence
Condominium guard on duty. The units must only have a maximum of FIVE (5) permanent occupants.

IN WITNESS WHEREOF, the parties have affixed their signatures herein below on the date and place
first above mentioned or written.

CHRISTINE PESCUESO ABAYAN CAROSEL ROBLE SACANDAL

LESSOR: LESSEE;

SIGNED IN THE PRESENCE OF:

_________________ ____________________
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES

BEFORE ME, a Notary Public for and in _____________, this day _________________ 2022,
personally appeared the following with their respective Community.

Tax Certificate/ Passport:

NAME CTC / SSS. NO. DATE & PLACE ISSUED

CHRISTINE ABAYAN 0034-0094856-6 ______________________

CAROSEL ROBLE SACANDAL 0006-2325370-0 ______________________

Known to me and to me know to be the same person who executed the foregoing CONTTRACT OF
LEASE consisting of Five (5) pages signed by them and their witness and they acknowledge to me the
same is their voluntary act and deed.

WITNESS MY HAND AND SEEAL on the date and at the place herein above mentioned.

NOTARY PUBLIC

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