CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and entered into by and between:

___________________________________________ _ of legal age, Filipino, and residents of

____________________________________________________, Philippines, hereinafter referred to as the LESSOR;

-and -

_______________________________________________ and _______________________________________ likewise of legal age, and

residents of _________________________________________________________, Philippines, hereinafter referred to as the
LESSEE.

WITNESSETH:

WHEREAS, the LESSOR is the registered owner of a residential building constructed on

_________________________________________________________________________, Butuan City;

WHEREAS, the LESSOR hereby leases unto the Lessee and the latter hereby accepts in lease from the former,
subject to the following terms and conditions, to wit:

1. MONTHLY RENTAL: The LESSEE agree to pay monthly rental to the LESSOR in the amount of
_______________________________________________________________payable on or before the ________ of the
month. It is understood that the payment of the rental as herein stipulated shall be made without
the necessity of an expressed demand and without delay on any ground whatsoever. If after the one
(1) month advance rental is already consumed, LESSEE will immediately vacate and return to the
LESSOR the leased premises without the need of any demand from the LESSOR.

Upon execution of this CONTRACT, LESSEES, shall pay unto the LESSOR an amount
of_______________________________________________________________, Philippine currency,
representing _____________ month/s security deposit and ___________ month advance rental,
LESSEE, hereby undertakes not to charge future payment of lease against the deposit of
______________ month/s. Such deposit shall be returned unto the LESSEE upon expiration
of this contract, less whatever unpaid consumption of light, water, and internet and
damages that may have been incurred upon the property including the appliances and
furniture by reason of LESSEE usage thereof except the normal wear and tear and of
those by fortuitous events.

2. LEASE PERIOD: This lease shall be for a period of _________________MONTHS, starting

_______________________, 20____ to _____________________, 20____; renewable for the same period under the
same terms or of different terms as the herein parties may come to agree.

3. IMPROVEMENTS/ALTERATION/ADDITIONS: The LESSEE shall have the right to construct, install,

set-up and introduce anything into the premises partitions, lights, fixtures, furniture and such other
effects and improvements as may the LESSEE may deem proper, but in no case shall the same be
made without the prior knowledge and consent of the LESSOR and that the improvements made
will not deface or can cause damage to the leased premises.

4. REPAIR AND MAINTENANCE AND OBSERVANCE OF SAFETY AND CLEANLINESS: The LESSEE
takes care of the leased premises as a good father of the family by making necessary minor repairs
without need of consent from LESSOR, such as repair and improvements of doors, holes in the walls,
 windows, and for the repair of the situation may require the LESSEE to do so or upon the approval
of the LESSOR.

5. USE OF THE LEASED PREMISES: It is hereby agreed that the leased premise shall be used by the
LESSEE for any legal undertaking to enable him/her to sustain the viability of his/her business,
LESSOR reserves the right to inspect the leased premise necessitating their entry therein, provided
that such intent shall be made known to the LESSEE or to any of his/her authorized representative
of anybody in the household of sufficient age and discretion at least twelve (12) hours prior to the
intended inspection.

6. DAMAGES: The LESSEE shall be responsible at all times for all acts done by his/her agents or
employees and other persons entering the leased premises insofar as the enforcement of the
provisions of this contract is concerned. Any damage or injury to the leased premises, its appliances
and furnitures due to the fault of the LESSEE, his/her agents, employees, and/or servants premises
shall be repaired promptly by the LESSEE at his/her exclusive expense. Only damages caused by
natural calamities or by force majeure unto the leased premises shall not be charged against the
LESSEE.

7. VIOLATION: Violations by the LESSEE or any provision of this contract especially on the non-
payment of any rentals when due as agreed upon is a ground of ejectment. In case of court suit,
LESSEE hereby agrees to submit himself/herself to the exclusive jurisdiction of the court of Butuan
City. Interest, penalties and other charges are cumulative plus whatever damages incurred thereon.
Violation of any of the above terms and conditions by either party shall cause the rescission of
cancellation of this contract and the said premises shall be vacated peacefully by the LESSEE for the
LESSOR.

If said premises be not surrendered at the end of the term, the LESSEE shall likewise be
responsible to the LESSOR shall suffer by reason thereof.

The failure of the LESSOR to insist upon a strict performance of any of the terms, conditions
and covenants hereof shall not be deemed a relinquishment or waiver of any right or remedy that
said LESSOR may have nor shall be construed as a waiver of any subsequent breach or default of the
terms and covenants herein contained, which shall be deemed in full force and effect. No selling of
rights be made on the leased premises by the LESSEE, upon the termination of this lease contract
however, LESSEE should return the leased premises to the LESSOR.

8. PRE-TERMINATION: In case of pre-termination of this Lease Contract, the LESSEE shall give
advance notice to the LESSOR at least one (1) month prior to the intended date of the pre-
termination. It is likewise expressly agreed that all utility bills incurred by the LESSEE in the leased
premises shall be first settled before any pre-termination of this lease Contract shall be considered
valid and effective. Should the LESSEE fail to comply with such condition, this contract shall be
deemed to be in full force and effect and the LESSEE shall continue to be liable for the monthly
rentals stipulated herein. Pre-termination of the lease contract by the LESSEE will also result in the
loss of the security deposit.

9. SELL OF PREMISES: The lease hereby expressly recognizes the absolute right of the LESSOR to sell
the leased premises, and in the event of sale, this contract of lease shall be deemed ipso facto
cancelled and the right to the LESSEE to occupy the premises considered automatically terminated.

10. BINDING EFFECT: This lease agreement supersedes and renders void any and all undertakings,
oral and/or written, previously entered between the parties covering the property herein leased,
and this agreement may not be modified or altered except by instrument in writing duly signed by
the parties hereto.
 IN WITNESS WHEREOF, the parties affixed their signatures this ________ of ____________________ at
Butuan City, Philippines.

___________________________________________ __________________________________________

Lessor Lessee

SIGNED IN THE PRESENCE OF:

________________________ ________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

IN THE CITY OF BUTUAN)S.S.
X------------------------------/

BEFORE ME, a Notary Public, for and in the City of Butuan, Philippines, this _____day of
______________________, personally appeared the above-named persons with Valid ID, to wit:

Valid ID Nature of ID

1. ______________________________________ _________________ ________________

2. _______________________________________ _________________ ________________

Known to me to be the same persons who executed the foregoing CONTRACT OF LEASE and they
acknowledged to me that the same is their free act and voluntary deed.

WITNESS MY HAND AND SEAL on the date and place first above-written.

Doc. No. _______,

Page No. _______,
Book No. _______,
Series of 2016.