CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and entered into this ___ day of September 2022, in Baguio City,
Philippines, by and between:

LIGAYA D. NGIPOL, of legal age, Filipino, and with residence at 151-A Munoz Drive, KM 4 Asin
Rd. Baguio City hereinafter referred to as the LESSOR.
-AND-
LIZEL P. LOVINO, of legal age, Filipino, with address at #206 Naguilian Rd. Baguio City,
Philippines hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of leased premises, a two-bedroom apartment located at
Purok 3, Munoz Drive, KM 4 Asin Rd, Baguio City;

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.

2. LEASE PERIOD: This lease shall be for a period of SIX (6) MONTHS commencing on September 1,
2022 and ending on February 28, 2023. This lease may be further extended upon mutual agreement
by the Parties; provided, that the LESSEE notifies the LESSOR of its intention to renew in writing thirty
(30) days prior to the expiration of the lease. Otherwise, this lease shall automatically terminate on
February 28, 2023.

3. RENTAL: The monthly rental rate shall be TEN THOUSAND PESOS ONLY (PHP 10,000.00), net of
any taxes, exclusive of payment of utilities such as water, electric and internet connection of the
above stated Lessee. All rental payments shall be payable to the LESSOR on or before the 1st th day of
every month.

4. SECURITY DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this contract and
prior to move-in an amount equivalent to TWO (2) MONTHS rent or the sum of TWENTY THOUSAND
PESOS (PHP 20,000.00). The deposit shall be maintained to answer for any unpaid charges for gas,
water, electricity, Internet, and telephone incurred by the LESSEE, and damages to the premises, with
the exception of natural wear and tear. The amount, after due deduction therefrom, should there
any, shall be refunded to the LESSEE within 60 days from the complete return of the premises. IT IS
FURTHER UNDERSTOOD AND AGREED THAT ONLY ONE MONTH OF THIS SECURITY DEPOSIT MAY BE
USED AS PAYMENT FOR RENT BY THE LESSEE.

5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, the LESSOR at its
option may terminate this contract and eject the LESSEE. The LESSOR has the right to padlock the
premises when the LESSEE is in default of payment for one (1) month and may forfeit whatever rental
deposit or advances have been given by the LESSEE.
6. USE OF PREMISES:

a) GENERAL LIMITATION - No portion or area of the Leased Premises shall be used for
manufacturing or industrial purposes or such other similar establishments. No illegal
activities shall be allowed. Any illegal use or business by the LESSEE in violation of
this strict prohibition by the LESSOR shall make the LESSEE solely responsible and
likewise shall be held liable alone civilly and/or criminally;

b) DESIGNATED PURPOSE - The LESSEE shall use the leased premises specially for
residential purpose only, and shall not be devoted to any other kind of activities
without the consent in writing of the LESSOR; it being understood that should the
LESSEE make use of the Leased Premises for purposes other than herein agreed
upon, this contract be automatically terminated, at the option of the LESSOR upon
notice to the LESSEE;

c) USE OF SIGNAGE AND THE LIKE - The LESSEE shall not post, install, inscribe, paint,
display or show in any part of the Leased Premises any sign, name, mark, notice,
logo without the written consent of the LESSOR;

d) HAZARDOUS MATERIALS - The LESSEE shall not bring or store in the property any
inflammable or explosive goods, articles or materials which may expose the
property to, among others, fire or increase the fire hazard;

e) GARBAGE RECEPTACLES - The LESSEE shall provide himself/itself, at his/its own cost
and expense, with receptacles which city ordinances require to hold and contain
waste matter, garbage, and refuse, and shall deposit them within his/her premises
in accordance with the rules laid down by the LESSOR. It shall be the LESSEE's
responsibility to oversee the proper disposal of his/its waste matter, garbage, and
refuse in consonance with Presidential Decree No. 825. In case of violation the reof,
the LESSEE shall be solely liable civilly and/or criminally;

f) OBSTRUCTIONS - Whenever applicable, the sidewalks, entrances, exits, passages,

corridors, stairways of the building shall not be obstructed or used by the LESSEE for
any purpose other than for ingress and egress to and from the office or the building;

g) HEAVY OBJECTS - The LESSOR reserves the right to prescribe or limit the weight of
any heavy safe, equipment or other articles, which may be placed in the Leased
Premises. The LESSOR shall also have the right to designate the position or location
for such heavy objects within the leased premises for reasons of security and safety
7. COMPLIANCE WITH RULES AND REGULATIONS. The LESSEE shall comply with all reasonable
rules and safety regulations promulgated by the LESSOR including rules, regulations,
ordinances, laws and codes made by the duly constituted authorities of the City or National
Government arising from or regarding the use, occupancy, sanitation, and safety of the Leased
Premises. Failure to comply with any of the rules, regulations, ordinances and laws as above-
mentioned shall make the LESSEE solely responsible and liable civilly and/or criminally.

6. MAINTENANCE AND REPAIRS: The LESSEE shall keep the LEASED PREMISES in clean and sanitary
condition and keep them, at all times, in very good condition. The LESSEE shall repair, replace, or
restore major or minor damages in the leased PREMISES arising from his fault or negligence. Before
moving in to the property, the LESSEE has inspected the PREMISES and found the same to be in good
and tenantable condition.

7. IMPROVEMENTS AND ALTERATIONS: The LESSEE shall not make any structural alteration, addition
or improvement on the leased PREMISES without the written consent of the LESSOR. Any major
alterations or improvements made or introduced by the LESSEE in the Leased Premises with the
written consent of the LESSOR shall upon termination or expiration of this Contract, automatically
inure to the benefit of the Leased Premises and become property of the LESSOR without any
obligation on the latter’s part to pay for its value or cost to the LESSEE.
8. FIRE HAZARD AND HAZARDOUS SUBSTANCE: The LESSEE shall not keep, deposit, or store in the
Leased Premises any hazardous or inflammable material or substance that might constitute a fire
hazard.

9. INSPECTION OF PREMISES: The LESSEE shall maintain the leased PREMISES in good and tenantable
condition. The LESSOR reserves the right, at reasonable times and with notice, to enter and inspect
the leased PREMISES.

10. SUBLEASE AND ASSIGNMENT OF RIGHTS: The LESSEE shall not assign, sell, or transfer his
leasehold rights to the leased PREMISES or any part thereof without the prior written consent of the
LESSOR.

11. INTERNET. The LESSEE shall bear the provision/installation of any internet lines and the use
of the same shall be at LESSE'S expense and accountability.

12. UTILITIES/FACILITIES. All charges for water, electricity, telephone, etc. used by the LESSEE shall
be defrayed by or for the account of the LESSEE. Should the LESSEE decides to permanently vacate
the leased premise, the remaining balance for utilities shall be automatically deducted from the
deposit of the lessee.

13. GUARANTEED LEASE: This Lease Contract may not be terminated during the lease period. In the
event that the LESSEE terminates the Contract within the lease period and decides to move out of the
unit with 30 days’ notice, the 1-month deposit shall be forfeited in favor of the LESSOR and 1-month
deposit shall be refunded to the LESSEE. Pre-termination of this Lease Contract by the LESSOR shall
not entitle him to refund of the 2-month Security Deposit.

14. EXPIRATION OF LEASE: The LESSEE, upon the expiration of this Lease Contract, shall amicably
surrender the leased PREMISES to the LESSOR, in the same condition in which it was received, save
what has been lost or impaired by the lapse of time, by ordinary wear and tear, or of a fortuitous
event.

15. BREACH OR DEFAULT: Should either party violate any of the terms and conditions of this Lease
Contract, the aggrieved party shall have the right to terminate this contract without prejudice to any
claim arising therefrom. However, before this provision shall take effect, the party guilty of the
violation shall be given 30 days to correct or make good the violation.

16. JUDICIAL RELIEF: Should any one of the parties herein be compelled to seek judicial relief against
the other, the losing party shall pay an amount of One Hundred (100) % of the amount claimed in the
complaint as attorney's fees which shall in no case be less than P50,000.00 pesos in addition to other
cost and damages which the said party may be entitled to under the law.

17. 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 ____th day of September 2022,
Baguio City.

LIGAYA D. NGIPOL LIZEL P. LOVINO

LESSOR LESSEE

Signed in the presence of:

___________________________ _____________________________
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

City OF Baguio ) S.s.

BEFORE ME, a NOTARY PUBLIC for and in the City of Philippines, this , personally
following persons with their respective competent evidence of identities set out after their names, to
wit:

NAME GOVERNMENT ID ID NO
Ligaya D. Ngipol Non Professional N26-20-026691
Driver’s License
Lizel P. Lovino TIN 497-713-810-000
Identification Card

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, which refers to the "Contract of Lease" consisting of six (6) pages
including this page where this Acknowledgement appears, has been duly signed by the parties on
each and every page thereof.
WITNESS MY HAND AND SEAL on the date and place first abovementioned.

Doc No.
Book No.
Page No.
Series of 2022