LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of _____, this day of
_______________, 20__, by and between:
(NAME OF LESSOR), of legal age, single/married to (Name of spouse if any), Filipino,
and with residence and postal address at (Address), hereinafter referred to as the LESSOR.
-AND(NAME OF LESSEE), Filipino and with residence and postal address at (Address),
hereinafter referred to as the LESSEE.
WITNESSETH; That
WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a residential property
situated at (Address of property to be leased);
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. It is hereby expressly agreed
that if at any time the premises are used for other purposes, the LESSOR shall have the right
to rescind this contract without prejudice to its other rights under the law.
2. TERM: This term of lease is for ONE (1) YEAR. from (Date) to (Date) inclusive. Upon its
expiration, this lease may be renewed under such terms and conditions as my be mutually
agreed upon by both parties, written notice of intention to renew the lease shall be served to
the LESSOR not later than seven (7) days prior to the expiry date of the period herein agreed
upon.

3. RENTAL RATE: The monthly rental rate for the leased premises shall be in PESOS:
AMOUNT IN WORDS (P 14,000.00), Philippine Currency. All rental payments shall be payable
to the LESSOR.
4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this contract and
prior to move-in an amount equivalent to the rent for TWO (2) MONTHS or the sum of PESOS:
AMOUNT IN WORDS (P 28,000.00), Philippine Currency. wherein the one (1) month advance
shall be applied as rent for the 12th month and the remaining two (2) months deposit shall
answer partially for damages and any other obligations, for utilities such as Water, Electricity
or resulting from violation(s) of any of the provision of this contract.
5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, such as
when the checks are dishonored, 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. SUB-LEASE: The LESSEE shall not directly or indirectly sublet, allow or permit the leased
premises to be occupied in whole or in part by any person, form or corporation, neither shall
the LESSEE assign its rights hereunder to any other person or entity and no right of interest
thereto or therein shall be conferred on or vested in anyone by the LESSEE without the
LESSOR'S written approval.
7. PUBLIC UTILITIES: The LESSEE shall pay for its telephone, electric, cable TV, water,
Internet, and other public services and utilities during the duration of the lease.
8. FORCE MAJEURE: If whole or any part of the leased premises shall be destroyed or
damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any other unforeseen
disabling cause of acts of God, as to render the leased premises during the term substantially
unfit for use and occupation of the LESSEE, then this lease contract may be terminated
without compensation by the LESSOR or by the LESSEE by notice in writing to the other.
9. LESSOR'S RIGHT OF ENTRY: The LESSOR or its authorized agent shall after giving due
notice to the LESSEE shall have the right to enter the premises in the presence of the LESSEE
or its representative at any reasonable hour to examine the same or make repairs therein or for
the operation and maintenance of the building or to exhibit the leased premises to prospective
LESSEE, or for any other lawful purposes which it may deem necessary.
10. 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 with all corresponding keys and in as good and tenable condition as the same is now,
ordinary wear and tear expected devoid of all occupants, movable furniture, articles and effects
of any kind. Non-compliance with the terms of this clause by the LESSEE will give the LESSOR
the right, at the latter's option, to refuse to accept the delivery of the premises and compel the
LESSEE to pay rent therefore at the same rate plus Twenty Five (25) % thereof as penalty until
the LESSEE shall have complied with the terms hereof. The same penalty shall be imposed in

case the LESSEE fails to leave the premises after the expiration of this Contract of Lease or
termination for any reason whatsoever.
11. 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 clamed 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.
12. 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 date and place above
written.

(Name of Lessor)
LESSOR

(Name of Lessee)
LESSEE

Signed in the presence of:

_____________________________

______________________________

ACKNOWLEDGEMENT
Republic of the Philippines)
_________________________) S.S
BEFORE ME, personally appeared:
Name
(Name of Lessor)
(Name of Lessee)

CTC Number

Date/Place Issued

10000000
October 07, 20__ / Pasig City
10000000
October 07, 20__ / Mandaluyong City

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 consisting of ____ page/s, including the page on which this acknowledgement
is written, has been signed on each and every page thereof by the concerned parties and their
witnesses, and and sealed with my notarial seal.
WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public
Doc. No.______;
Page No. ______;
Book No.______;
Series of 20___.

CONTRACT OF LEASE
KNOW ALL MEN BY THESE PRESENTS:
This Contract of Lease, made and entered into by and between:
Marites, of legal age, single/married to (Name of spouse if any), Filipino, and with residence and postal
address at (Address), hereinafter referred to as the LESSOR.
And
Arto, of legal age, married, Filipino, with residence address at GA Tower, Mandaluyong City, hereinafter
referred to as the LESSEE
WITNESSETH: THAT
WHEREAS the LESSOR is the owner of a condominium unit located at Unit 3728 SM Light Residences,
Corner Madison St. Brgy. Barangka Ilaya, Mandaluyong City.
WHEREAS the LESSEE desires to occupy the above-named condominium unit and the LESSOR is
willing to lease the same unto the LESSEE by way of this agreement;
1. TERM. The LEASE shall be for duration of one (1) year commencing from 1 October 10 2015,
renewable at the option of the LESSOR at such new terms and conditions as may agreed upon by the
parties.
2. RENTAL The LESSEE agrees to pay the LESSOR the monthly rental fee of Pesos: Fourteen Thousand
(Php 14,000.00), Philippine currency. Upon signing of this Contract of Lease. The LESSEE shall pay the
LESSOR One (1) month rental in advance covering the month 10 October 2015 to 9 November 2015.
Succeeding monthly rentals be payable via post dated checks to be issued by the LESSEE in favor of the
LESSOR.

LESSEE hereby agrees to pay 5% interest per month on any delay in payments. If the check is
dishonored, the LESSEE is obliged to replace the check under pain of the pre-termination of this
agreement.
3. DEPOSIT. The LESSEE shall pay the LESSOR the sum of two (2) months deposit of Pesos: Twenty
Eight Thousand (Php 28,000.00), Philippine currency to guarantee the payment of any future damage to
the leased premises, unpaid utilities and other obligations to third parties by the LESSEE during the term
of the agreement, which deposit shall bear no interest. Unless applied to said damages, unpaid utilities
and other obligations to third parties, said deposit shall be returned to the LESSEE within sixty (30) days
after the termination of this agreement: Provided, however, that the deposit cannot be applied to unpaid
back rentals owed by the LESSEE prior to the expiration of this agreement. Furthermore, if the LESSEE
vacates the premises before the expiration of the period of lease, the total amount of the deposit and
advance rentals shall be forfeited in favor of the LESSOR.
4. ASSOCIATION DUES. Association dues per month of Pesos. As determined by the Association from
time to time shall be for the account of the LESSOR.
Penalty for late payment of Association dues is 4% per month or a fraction of a month compounded until
the arrears are fully paid and settled.
5. USE OF PREMISES. The premises shall be used exclusively for office purposes only and shall not be
used whatsoever for residential or in any illegal or unlawful activity or to keep materials, chemicals and
other matters considered as fire hazards or nuisance to the building.
6. IMPROVEMENTS. The LESSEE shall not make any alteration, structural changes or improvement in
the leased premises without the prior written consent of the LESSOR. However, at the termination of the
lease, the same not having been renewed by the parties, the LESSEE shall restore the leased premises
in its original state existing at the commencement of the agreement. Restoration of the LEASED
PREMISES shall be for the exclusive account of the LESSEE. Any improvement after the lease is
terminated and after the LESSEE shall have vacated the premises shall belong to the LESSOR.
7. FACILITIES. All charges for water, electricity, cable and other public utilities used in the leased
premises as well as janitorial and security services or any other charges as may be imposed by the
building administrator of the condominium building shall be for the account of the LESSEE. The LESSEE
hereby guarantee the prompt payment of any and all charges heretofore mentioned as they fall due. Any
delay in the payment thereof shall constitute a material breach of this agreement.
8. INSURANCE. The LESSOR shall insure the leased premises against fire. Should the leased premises
be damaged by fire, earthquake, storm or any fortuitous events to the extent that the same be rendered
untenable this agreement shall be automatically canceled and the deposit as well as the unused portion
of the advance rentals be refunded within SIXTY (30) days, minus any unpaid obligation.
9. REPAIRS. The LESSEE shall, during the duration of the lease, make all minor repairs on the leased
premises to preserve the same in serviceable or tenantable conditions at the LESSEE's expense except
replacement of parts due to natural wear and tear. The LESSEE, however, shall give advance written
notice to the LESSOR of Ten (10) days prior to undertaking any minor repair.
9.01 All damages caused to the leased premises due to the fault, misuse, carelessness, and/or
negligence or on account of the use thereof by the LESSEE and other occupants therein shall be made
good and repaired by the repairs done.
9.02 Should the LESSEE fails to make the necessary and appropriate repairs within five (5) days from
demand, the LESSOR shall undertake the needed repairs and shall charge the costs thereof to the
LESSEE.

10. INSPECTION OF PREMISES. To ensure that the lease premises is being maintained in good and
tenantable conditions, the LESSOR or his authorized representative is hereby given the right after due
notice, to enter and inspect any part of the leased premises during reasonable hours and as the occasion
thereof might require.
11. ASSIGNMENT AND SUBLEASE. The LESSEE hereby shall have no right to assign or transfer its
rights, interest and obligations under the lease contract or sub-lease contract premises or any portion
thereof to any person or entity without the prior written consent of the LESSOR.
12. INJURY OR DAMAGE. The LESSEE hereby assumes the full responsibility for any damage which
may be caused to the person or property of any third person in the leased premises during the duration of
the lease. LESSEE further binds himself to hold the LESSOR free and harmless from damages as a
result thereof, unless such damage or liability arose out of structural or other inherent defects in the
leased premises or is due to the fault of the LESSOR, his agent or representatives.
13. SALE OF THE LEASED PREMISES. The LESSEE recognizes the right of the LESSOR to sell or
otherwise convey ownership of the leased premises to any other interested party, provided the LESSEE's
rights under the lease are respected.
14. HAZARDOUS AND PROHIBITIVE MATERIALS: The LESSEE shall not keep or store in the lease
premise any hazardous and obnoxious substance or inflammable material or substance that might
constitute a fire hazard or other chemicals and materials or prohibitive drugs in violations of the laws of
the Philippines.
15. RULES AND REGULATIONS. The LESSEE binds himself to comply with the existing rules and
regulations promulgated by the building administrator and/or association and any other environmental or
other laws, ordinances, rules and regulations applicable to the leased premises.
16. VIOLATIONS. The LESSOR may, at this options, consider this agreement automatically rescinded
and canceled, without need of any court action, upon ten (10) days notice given to the LESSEE based on
any of the following grounds.
a. Failure of the LESSEE to pay two (1) months advance rental and other bills or charges therefore
mentioned as they fall due for any reason whatsoever within the period to pay.
b. For any violation made by the LESSEE or its agents and representatives of any of the terms and
conditions stipulated in this contract.
c. In case the leased premises shall be vacated or abandoned for a period of thirty (30) days without prior
written notice to the LESSOR. Consequently, the LESSOR is hereby permitted authorized by the LESSEE
to enter the premises, either by force or otherwise, without being liable to prosecution therefor.
16.1. Upon termination of the contact of lease based on any of the foregoing grounds and upon demand,
the LESSEE shall immediately vacate and peacefully surrender possession of the lease premises to the
LESSOR or his duly authorize representative.
17. REMEDIES. In addition to the provisions of the proceeding paragraph, the LESSEE hereby
acknowledges and recognizes the right of the LESSOR to avail or resort to any or all of the following
remedial measures without need of court action.
a. In case of failure of the LESSEE to pay or settle any due and unpaid obligations (rentals, electricity,
water, telephone, association dues etc.) as provided for under this lease contract, the LESSEE hereby
authorizes the LESSOR, who is hereby given the right, to disconnect all facilities such as but not limited to

disconnect all facilities such as but not limited to electricity, telephone, water in the leased premises
without need of further notice to the LESSEE.
b. Likewise, until the aforesaid unpaid obligations are paid or settled, the LESSEE hereby given the rights,
to re-renter the lease premises, remove all persons therefrom, take possession of any of all furniture,
fixtures and equipment's found thereon or therein and/or padlocked the door of the premises.
c. Moreover, by way of a security or to secure the payment of any of the unpaid obligations of the
LESSEE, the LESSEE consents and authorizes the LESSOR to retain possession of any of all the
furniture, fixtures and equipment's that may found on the premises as belongings to the LESSEE until
such time that all the unpaid obligations of the LESSEE are paid or settled.
d. If after ten (10) days from the date the LESSOR shall have taken possession of the aforesaid furniture,
fixtures and equipment by way of security, the LESSEE still fails to pay or settle its unpaid obligations to
the LESSOR the LESSEE hereby consents and authorizes the LESSOR to sell by way of public or private
sale any or all the furniture's fixtures equipment as may be sufficient to pay or settle the lessee's unpaid
obligations plus the accrued interests and attorney's fee equivalent to 25% of the total amount due and
unpaid. All expenses that may be incurred in the sale shall be for the account of the LESSEE.
17.01 For purposes of selling the aforesaid properties, the LESSEE hereby irrevocably appoint the
LESSOR as its attorney-in-fact to sell and dispose of any or all of the aforesaid the property of the
LESSEE in a private or public sale at a price as may be determined to be just and reasonable by the
LESSOR and to apply the proceeds therefrom to any or all the unpaid obligations of the LESSEE.
17.02 If the sale proceeds should proved to be inadequate to fully payer settle the unpaid obligations of
the LESSEE, the LESSEE shall remain liable to the LESSOR for any of the deficiency.
17.03 Should the proceeds of the sale of any of the aforesaid properties be sufficient to pay or settle all of
the lessee's unpaid obligations, the LESSEE may get back its other properties not sold by the LESSOR. If
after thirty(30) days from written notice of the LESSOR directed to the last known address of the
LESSEE, the LESSEE still fails to get back the remaining properties, said properties shall then be
deemed abandoned in favor of the LESSOR.
17.04 The above enumerated remedies proved for the LESSOR shall not be exclusive, but shall be
cumulative and without prejudice to any court action that may be instituted by the LESSOR for any
causes of action that may arise under this contract of lease.
18. ATTORNEY'S FEE In case the LESSOR resorts to judicial action base upon or in connection with this
lease contract, the LESSEE hereby agrees to pay attorney's fee equivalent to twenty five (25%) of the
total amount involved pr claimed by the LESSOR as against the LESSEE plus all court expenses and/or
costs of litigation.
19. COURT VENUE. All court actions from this contact of lease shall be filed only in the Courts of Makati
City to exclusion of all other courts.
20. TIME OF ESSENCE. Time is the essence hereof any waiver by the LESSOR of a breach of any term,
covenant or condition herein contained, whether express or implied, shall not constitute of a waiver of any
subsequent breach thereof, or a breach of covenant to pay the rent so accepted. No waiver by the
LESSOR shall be deemed to have been made unless expressed in writing and signed by the LESSOR.
21. SUCCESSORS AND ASSIGNS This lease shall bind and inure to the benefits of the successors and
assigns of the LESSOR and of the permitted successors and assigns of the LESSEE.

IN WITNESS WHEREOF, the parties have hereunto set their hand this 27th day of December 1998 at
Makati City, Metro Manila.

Marites
Lessor
Arto
Lessee

Signed in the Presence of:

________________________ _________________________

ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MAKATI, METRO MANILA ) S.S.

BEFORE ME, a Notary Public for and in the City of Mandaluyong, this 10th day of October 2015,
personally came and appearance the following:
Name CTC No. Place Date
Marites
Arto
Known to me to be the same persons who executed the foregoing Contract of Lease consisting of six
pages including this acknowledgement, signed by the parties and their instrumental witness at the bottom
part of page 5 and the left margin of all other pages.
WITNESS MY HAND AND SEAL on the date and place above stated.

Doc. No.:
Page No.:

Book No.:
Series of 2010