CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease, made and executed by and between:

____________________, of legal age, Filipino citizen, and presently residing at

___________________________, hereinafter called the LESSOR;

-and-

______________________, with a business address at _______________________________, hereinafter called

the LESSEE;

WITNESSETH:

WHEREAS, the LESSOR is the owner of a residential unit located at

___________________________________, and the Lessee intends to lease from the Lessor said residential
unit, at a monthly rental and on such terms and conditions hereinafter set forth.

NOW THEREFORE, the LESSOR let and by these presents do hereby let and lease unto the LESSEE the
LEASED PREMISES and the LESSEE hereby accepts the same by way of LEASED subect to the following
conditions:

That the Lessee intends to lease from the Lessor, and the latter has agreed to lease out to the former
the aforesaid premises, at a monthly rental and on such terms and conditions hereinafter set forth;

TERM – That the term of the lease contract shall be a period of ONE (1) YEAR, commencing on
October 15, 2018 and ending on October 15, 2019, and which term shall be renewable at the option of
the parties.

RENT – That the monthly rental for the leased premises shall be in the sum of SIXTEEN THOUSAND
PESOS (P 16,000.00), Philippine currency, payable by the Lessee unto the Lessor within the end of each
month with reference to above begginning date.

DEPOSIT – That before occupancy, the LESSEE shall pay the LESSOR the sum equivalent to TWO (2)
MONTHS’ SECURITY DEPOSITY and ONE (1) MONTH ADVANCE for a total of P 48,000.00. Said deposit shall
be held by the LESSOR and shall answer for all charges bills, damages and other collectibles from the
LESSEE which are outstanding as of the end of the lease, and the same or any remainder thereof shall
be refundable to the LESSEE within a period of two (2) months after the expiration of the lease, in the
absence of any renewal thereof. In no case may the deposit be used to defray for the unpaid rentals
except for the final months of the lease term if still sufficient. In case the LESSEE pre-terminates the lease
contract or otherwise abandons the lease before the expiration of the full term, the deposit shall be
forfieted in favor of the LESSOR.

UTILITIES – That all charges on the consumption of electricity, water and telephone (if applicable)
and other utility accruing for the entire duration of the lease shall for the sole account to the LESSEE,
without cost of the LESSOR. The LESSEE shall facilitate and pay for her own electric and water service
connection fees with proper utility companies (MERALCO and MWC) as may be necessary.

USE OF THE PREMISES – That the Lessee shall use the the leased premises not for any purpose which is
unlawful, detrimental to the neighborhood, or expressly prohibited, or not permitted by the Lessor in this
writing.

That the Lessee shall not make or cause to be made any loud noise or disturbance within the leased
premises and immediate sorroundings, or keep any inflammable or obnoxious substances within the
leased premises, or such that will create or increase the fire hazard thereof, and shall keep the same
clean, sanitary and wholesome. Unless otherwise provided, the Lessee is prohibited from keeping or
maintaining pet animals within the leased premises.

ALTERATIONS OR IMPROVEMENTS – That the Lessee shall not make any alterations or improvements of
any kind within the leased premises, or alter its immediate sorroundings without the written consent of
the Lessor. In case any such alteration or improvement is allowed, the same shall become part of the
leased premises and property of the Lessor upon their completion, without entitling the Lessee to any
reimbursement whatsoever. All such improvements or alterations including any minor repairs or servicing
within the leased premises shall be for the account of the Lessee.

SUBLEASE AND ASSIGNMENT OF LEASE – That the Lessee is stricltly prohibited from subleasing or
assigning his rights under his contract in favor of any third person without the written consent of the
Lessor. Any transfer or assignment made in violation hereof shall be void.

INSPECTION – That the Lessor or her representative shall have the right to view or inspect the leased
premises during convinient hours of the day, and the Lessee shall allow the Lessor or her representative
such access to the premises as the latter may deem necessary.

LIABILITY FOR INURIES/DAMAGES – That the Lessor shall not be responsible for any injury or damage
caused on any person or property within the leased premises, whether of man-made causes or those
caused by fortuitous events, acts of God, and other unavoidable circumstances, and the same shall be
for the sole account of the Lessee. The Lessee is likewise bound by the acts and omissions of her family,
relatives, helpers, agents and all other persons whom she permits to enter within the leased premises.

TERMINATION, VIOLATION, PENALTY, ETC., - That in the event that the Lessee shall fail to pay the
required rental for a period of two (2) months at any time during the term of lease, or otherwise commits
any breach or violation of the terms of this contract, the Lessor, after due notice and without incurring
any liability whatsoever, shall be entitled, at her option, to immediately repossess the leased premises, or
to padlock the same, and to gather all the movables of the Lessee found therein and to submit the
same for storage at the expense of the Lessee.

The Lessee shall likewise be subject to immediate ejectment proceedings, in case of repossession of
the property be not realized. Consequently, the Lessee shall be liable to the Lessee for the sum of P
16,000.00 as liquidated damages, in addition to any collectible sums, plus attorney’s fees consisting of
twenty-five percent (25%) of the collectible sum, and the cost of the suit.

That upon expiration of the lease, not accompanied by any breach of this contract, and unless there
has been a prior renewal thereof, the Lessee shall peacefully and voluntarily surrender possession of the
leased premises to the Lessor, together with the pertinent keys thereto, without the necessity of
demand.

WAIVER/EFFECT OF NON-ENFORCEMENT – That failure on the part of the Lessor to insist upon
compliance on the part of the Lessee of any term or condition in this contract, shall not serve as a
waiver of any such right or condition. No waiver shall be deemed to have been made by the Lessor
unless made so in writing, signed by her or her representative and duly notarized.

EXTENT OF EFFECTIVITY AND CINFIRMATION – That the parties herein have constituted this to be their
sole and entire contract of lease, and the same shall remain in full force and effect unless so canceled,
superseded, modified or altered, in the manner described in the preceding paragraph, unto
themselves, and unto their heirs, successors or assigns.

DONE in , Philippines, this day of , 2018.

_____________________ __________________________
Lessor Lessee

SIGNED IN THE PRESENCE OF:

1. (WITNESSES) 2.
Address: Address:
 ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES)
CITY OF SAN JUAN, M.M. )SS.

BEFORE ME, a Notary Public, for and in , Philippines, this day of

, 2018, personally appeared,

NAME PROOF OF IDENTITY

_______________________________
_______________________________

known to me and to me known, by virtue of their above proofs of identity, 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 refers to a Contract of Lease of a unit located at ____________________________,

consisting of three (3) pages including this page on which part of this acknowledgement is written, duly
signed by the parties OR their representative and their witnesses on each and every page, and sealed
with my notarial seal.

WITNESS MY HAND AND SEAL.

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