CONTRACT OF LEASE KNOWN ALL MEX BY THESE PRESENTS: This CONTRACT OF LEASE is made and executed this __day of _ 2024 by and between: FRANCIA M. BAUSA of legal age, Filipino, and with residence address Zone 1, Tara Sipocat Camarines Sur, Philipines, hereinafter referred to as the LESSOR. -AND- hereinafter referred to as the LESSEE; WITNESSETH: WHEREAS, the LESSOR is the absolute owner of the land with an area of approximately Ten (10) square meter situated at Barangay Tara Sipocot Camarines Sur. 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 accept from the LESSOR the LEASED premises, subject to the following condition: 1. PURPOSES: That premises hereby leased shall be used exclusively by the lessee for only and shall not be diverted to other uses. Iti hereby expressly agreed that if any time the premises are used for other purposes, the LESSOR shall have the right to rescind this contract without prejuice to its other rights under the law. The partes agree as follows: Section 1. TERMS AND LESSEE'S OBLIGATIONS Lease Terms SITE NAME ‘TUNIT STALL ADDRESS: ZONE 1 TARA, SIPOCOT CAMARINES SUR Purpose/Use: Terms: Pre-termination: ‘2 MONTHS NOTICE TO THE LESSOR Target Turnover Date Start of Rent: Commercial Terms Monthly Rent: 5,000.00 Security Depo 5,000.00 Advance Rental: 5,000.00Yearly Rent Table Rent each month Total Rent forthe year YEAR 1 5,000.00, 10. 1 2 TERM: Ths term of lease is for commencing on 2024 to 2026. Upon its expiration, this lease may be renewed under such terms and conditions as may be mutually greed upon by both partes, written natice of intention to renew the lease shal be serve to the LESSOR not later than thirty (30) days prior the expiry date ofthe period herein agreed upon RENTAL RATE: The monthly rental rate for the leased premises shall be FIVE THOUSAND PESOS (5,000.00), Philippine Currency net ofall taxes and deductions, and which the Monthly payment shall be remitted on or before the ____day ofthe calendar month at without need of demand DEPOSIT: That the LESSEE shall deposit to the LESSOR months advance and month depositor amount equivalent to the sum of, Philippine Currency net ofall taxes and deductions and to deliver pastdated check foreach month ofthe year and every year through. Payment of deposit and advance is after notarization ofthis contract DEFAULT PAYMENT: Incase of default or delay by the LESSEE inthe paymont ofthe rent, such as when check are Aishonored, 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 isin default of payment fortwo (2) months and may forfeit whatever rental deposit or advance have been given by the LESSEE. ‘SUB-LEASE: Sub-lease of the LESSEE premises is not allowed to be occupied in part by any person, form or corporation and thatthe LESSEE may assign its rights hereunder to any other person or entity if only the sublease contract is aligned withthe lesso’s contract. PUBLIC UTILITIES AND OTHER FEES: Lessee shall take charge onthe application of utilities (water and electricity) and responsible forall the monthly charges while the contract is enforce. Electricity is sub-metered and will be read by th lessor. GENERAL MAINTENANCE, SANITATION, REPAIRS AND SAFETY: The cost of general maintenance and upkeep of the Leased property shal be for the account of the LESSEE. The LESSEE shall keep the Leased Property in clean, safe and sanitary condition and introduce all the needed repairs at all times. The LESSEE shall dispose all its sarbage, wate, and other pollutants in accordance with rules promulgated by the national or local government. FORCE MAJEURE: If whole or any part of the leased premises shall be destroyed or damaged by ire, ood, lightning, typhoon, earthquake, storm, rit or any other unforeseen disabling cause of act of God, as to render the leases premises during the term substantially unit for use and occupation ofthe LESSEE, then this contract may be terminated without compensation by the LESSOR or by the LESSEE by notice in writing tothe other. EXPIRATION OF LEASE: At the expiration of the term of this lease or cancellation thereof, as herein provided, the LESSEE will promptly deliver to the LESSOR the leased premises including all improvement therein wil all corresponding keys and in as good and tenable, ordinary wear and tear expected devoid ofall occupants, movable furitur, articles and effects of any kind Non-compliance with the terms ofthis clause by the LESSEE will give the LESSOR the right atthe latter's option to refuse to accopt the delivery ofthe premises and compel the LESSEE to pay rent therefrom atthe same rate plus Twenty-five (25}% thereof as penalty until the LESSEE shall have complied with the terms hereof. CONFIDENTIALITY: Itis understood and agreed thatthe term and conditions of this Contract of Lease between Lessor and Lessee shall remain confidential. Lessee and Lessor its officers, employees and representatives’ shall not Aiscuss their Lease terms,ate conditions with any third party unless authorized by or requested to do so by the partes inthis contract. Any breach of confidentiality of ether Lessor or Lessee shall be deemed a material default hereunder and in which event this contract of Lease may be canceled without prior notice demand. 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)% ofthe amount claimed inthe complaint as attorney's feeshich shall inno case be less that PHP 50,000.00 pesos in addition to other cost and damages which the said party may be entitled to under the law. |W WITNESS WHEREOF, the parties herein affied ther signatures onthe date and place above writen, FRANCIA M, BAUSA LESSOR LESSEE Signed inthe presence of: WITNESS 1 WITNESS 2