CONTRACT OF LEASE

KNOW ALL MEN ARE THESE PRESENTS:

This contract of lease made and entered into this 5th day of
November 2014 at Imus City, Cavite by and between:
SALVACION M. CABRERA
Herein after referred to as the LESSOR
-ANDFLORENDA C. VALLESPIN
Herein after referred to as the LESSEE

WHEREAS, the lessee desires to lease the LEASED PREMISES, located at Blk.
5, Lot 33 Casmalia St. Phase 2, Covina Village, BNT, Imus City, Cavite and the lessor
is willing to have the same unto the lessee subject to the terms and conditions
hereinafter specified;
NOW THEREFORE, for and in consideration of the foregoing and mutual
covenants herein contained, the lessor has let and by these presents does hereby
lease and let unto the lessee the LEASED PREMISES and the LESSEE hereby accepts
the same by way of lease, subject to the following terms and conditions.
1. PERIOD - The lease of contract shall be for a period of 6 MONTHS
commencing on Nov. 27, 2014 to May. 20, 2015. Renewable thereafter
upon mutual consent of both parties.
2. RENTAL The parties herein agree that the monthly rental of the leased
premises shall be FIVE THOUSAND PESOS ONLY (P 5,000.00)
Philippine currency, payable during 30th day of every month. Upon signing
this Contract the lessee shall pay the lessor two (2) months deposits
which is TEN THOUSAND PESOS ONLY (P 10,000.00) and one (1)
month advance which is FIVE THOUSAND PESOS ONLY (P 5,000.00).
NOTE: The (1) month deposit shall answer for any unpaid bills such as
electricity, telephone of damages to the premises; such as amount shall
be deducted from the deposits and the balance, if any shall be refundable

to the lessee after the settlement of the amounts and the determination of
the Contract of Lease.
3. MERALCO, TELEPHONE, WATER and HOMEOWNERS MONTHLY
DUES Monthly billing of lights, water, telephone and homeowners
monthly dues shall be for the account of the lessee.
4. IMPROVEMENTS The lessee shall not make any change; make
alterations or improvements in the Leased Premises without the consent
of the lessor. However, upon termination of this contract, all fixed
improvements made by the lessee shall become the property of the lessor
without any obligation of the latters part to pay of refund its value or cost
to the lessee.
5. SANITATION AND REPAIRS The lessee shall keep the Leased Premises
clean and in sanitary conditions. The lessee has inspected the Leased
Premises and found some good and tenantable conditions. The lessor shall
be responsible for all major repairs on the Leased Premises. Minor repairs
caused by ordinary wear and tear shall be account of the lessee.
6. FIRE HAZARD AND OBNOXIOUS SUBSTANCE The lessee shall not
keep deposits of store in the leased premises any obnoxious of
inflammable materials that may constitute a fire hazard. No animals or
fowl as pet otherwise is allowed in the lease premises at all times. No
target shooting or any forms of illegal discharge of firearms shall likewise
be allowed within the building premises.
7. RETURN OF PREMISES Upon the termination of this contract for any
reason whatsoever, the lessee shall immediately vacate the leased
premises, turn over all the keys and return possession thereof to the
lessor, upon the latters request, unless this Contract of Leased is
extended.
8. PRETERMINATION Should the lessee decide not to continue with the
lease, the Lessee may be released from this contract by giving 60 days
written notice to the lessor and all advance rentals shall be forfeited in
favor of the lessor as Liquidated damages. During the last 30 days of the
occupancy by the lessee, the Lessor may show the leased premises to the
prospective tenants at reasonable mutually agreeable hours and notice to
the lessee.
9. VIOLATION Any violation of this contract, terms and conditions set forth
herein in the part of the Lessee shall give the Lessor the right to rescind

this agreement. In the event of such termination by breach of contract on

the part of the lessee, the security deposit shall be forfeited in favor of the
lessor and shall be considered as liquidated damages.
The Lessee shall not directly or indirectly sublease, assign, transfer,
convey, mortgage or in any way encumber his/her right of lease over
the leased or any portion thereof under any circumstances whatsoever;
any contract that may be in violation of this paragraph/clause shall be
null and void.
Should the Lessee fail to pay the rental on time, an interest 3% a
month shall be charged on delinquent rental.
Should it be necessary for the lessor to file a suit in court to
enforce any of the terms and conditions of this contract, the parties
hereto expressly submit themselves to the jurisdiction of the proper
courts of Imus City, Cavite. All expenses of suit cost, damages and
attorneys fee shall be for the account of the lessee.
10.

RULES AND REGULATIONS The lessee aggress to abide by the

existing rules and regulations promulgated by the lessor.

THE

PARTIES

HERETO

HAVE

THOUROUGHLY

READ,

UNDERSTOOD AND COMPLETELY AGREE WITH EVERY WORD

STATED

HEREIN,

EXPRESSIVE

AND

CONSIDERING
REFLECTED

OF

THE

SAME

ALL

THEIR

AS

FULLY

RESPECTIVE

INTENTIONS.
IN WITNESS WHEREOF, the parties hereunto set their hands
affixed their signatures in this presents this ____ day of _________, 2014
at Imus City, Cavite.
_________________________
SALVACION M. CABRERA

_________________________
FLORENDA C.

VALLESPIN
(LESSOR)

(LESSEE)
Signed in the presence of

_________________________

_________________________