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    Contract of Lease of Condominium Unit

    Uploaded by

    Adriano Bahian Jr.
    This document is a contract of lease for a condominium unit between a lessor and lessee. It outlines the terms of the lease, including that the lease period is from December 20, 2019 to December 20, 2020. The lessee agrees to pay 25,000 PHP monthly in rent, plus a 50,000 PHP deposit and 25,000 PHP for the first month's rent. The contract specifies responsibilities of maintenance and repairs, as well as prohibiting subleasing or changes without permission.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Contract of Lease of Condominium Unit

    Uploaded by

    Adriano Bahian Jr.
    94 views5 pages
    This document is a contract of lease for a condominium unit between a lessor and lessee. It outlines the terms of the lease, including that the lease period is from December 20, 2019 to December 20, 2020. The lessee agrees to pay 25,000 PHP monthly in rent, plus a 50,000 PHP deposit and 25,000 PHP for the first month's rent. The contract specifies responsibilities of maintenance and repairs, as well as prohibiting subleasing or changes without permission.

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    Contract of lease sample

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    This document is a contract of lease for a condominium unit between a lessor and lessee. It outlines the terms of the lease, including that the lease period is from December 20, 2019 to December 20, 2020. The lessee agrees to pay 25,000 PHP monthly in rent, plus a 50,000 PHP deposit and 25,000 PHP for the first month's rent. The contract specifies responsibilities of maintenance and repairs, as well as prohibiting subleasing or changes without permission.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    94 views5 pages

    Contract of Lease of Condominium Unit

    Uploaded by

    Adriano Bahian Jr.
    This document is a contract of lease for a condominium unit between a lessor and lessee. It outlines the terms of the lease, including that the lease period is from December 20, 2019 to December 20, 2020. The lessee agrees to pay 25,000 PHP monthly in rent, plus a 50,000 PHP deposit and 25,000 PHP for the first month's rent. The contract specifies responsibilities of maintenance and repairs, as well as prohibiting subleasing or changes without permission.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 5

    CONTRACT OF LEASE OF CONDOMINIUM UNIT

    This agreement made and executed this 13th day of


    December 2019 in the City of Malaybalay by between:

    ______name______, Filipino, of legal age, and residing at


    Casisang, Malaybalay City, hereinafter referred to as
    LESSOR;

    -and-

    ______name_____, Filipino, of legal age, and residing at


    Heights, Malaybalay City, hereinafter reffered to as LESSEE;

    WITNESSETH:

    WHEREAS, the LESSOR is the true and lawful owner of a


    condominium unit situated at Kalasungay, Malaybalay City,
    together with all the improvements therein found, including
    all the furniture therein which all are in good working
    condition.

    WHEREAS, the LESSEE desires to lease the said


    condominium unit and all the said improvements and
    furniture, as aforementioned therein, and the LESSOR agrees
    to lease the same to the lessee under the following terms
    and conditions:

    1. EFFECTIVITY: This contract of lease shall take effect


    beginning December 20, 2019, up to and until
    December 20, 2020. This contract may be renewed
    provided that the LESSEE shall notify the LESSOR in
    advance and in writing at least sixty (60) days before
    the expiration of this contract on December 20,2020,
    and provided that the said request for renewal is
    subject to the approval of the LESSOR who reserves the
    right to deny the request if, during the existence of this
    lease, the LESSEE fails to comply with his obligation
    under this contract especially on the matter of punctual
    payment of monthly rentals;
    2. RENTALS: the herein LESSEE shall pay TWENTY FIVE
    THOUSAND PESOS ONLY (Php25,000.00), as monthly
    rentals, including condominium association dues, due
    payable every 20th day of the month beginning January
    20, 2020 but it is agreed that the following shall be paid
    by the LESSEE upon the signing and execution of this
    agreement, to wit:

    a) Two (2) months deposit equivalent to FIFTY


    THOUSAND PESOS ONLY (Php50, 000.00), which shall
    be returned to the LESSEE at the end of this lease.
    However, if there are unpaid rentals, or if there are
    damages caused or inflicted to the leased property,
    this deposit shall be held answerable to the same,
    and the LESSOR has the right to apply the said
    deposit as payment for unpaid rentals and damages
    without obtaining the consent or approval of the
    lessee;

    b) One (1) month advance rental equivalent to TWENTY


    FIVE THOUSAND PESOS ONLY (Php25, 000.00) as
    monthly rental. This amount cannot be used and
    applied by the LESSEE as payment of his current
    rentals, and shall remain in the possession of the
    LESSOR, subject to the provisions of the next
    preceding paragraph.

    c) To avoid monthly collection of rentals, it is agreed


    that the lessee shall pay all rentals for one (1) year
    through monthly post-dated checks, to wit;

    Bank/Chec Date Amount For the


    k no. Month of
    541323 1/20/20 P25,000.0 January
    0
    654323 2/20/20 P25,000.0 February
    0
    875687 3/20/20 P25,000.0 March
    0
    324567 4/20/20 P25,000.0 April
    0
    234543 5/20/20 P25,000.0 May
    0
    324234 6/20/20 P25,000.0 June
    0
    345643 7/20/20 P25,000.0 July
    0
    123452 8/20/20 P25,000.0 August
    0
    345765 9/20/20 P25,000.0 Septembe
    0 r
    344523 10/20/20 P25,000.0 October
    0
    532422 11/20/20 P25,000.0 November
    0
    546743 12/20/20 P25,000.0 December
    0

    3. CONSENT NECESSARY: The leased premises cannot and


    shall not be subleased by the LESSEE without the
    written consent and authority of the LESSOR, nor can
    the lessee introduce any kind of improvement in the
    leased premises without the written consent and
    approval of the LESSOR;

    4. RESPOSIBILITY: The LESSEE shall be responsible for any


    and all acts or omissions of the members of his/her
    household, or by any and all other persons allowed by
    the LESSEE to enter the leased premises, and shall
    likewise be responsible for any accident of fire that
    occurs in the leased premises. The LESSEE is likewise
    obligated to keep the leased premises in good and
    habitable condition;

    5. LIMITATIONS: The LESSEE is specifically prohibited to


    use the leased premises as boarding house and/or
    bedspace, or for any immoral or illegal activity, and
    only the LESSEE, his/her child/children and authorized
    domestic helpers may be allowed to stay in the leased
    premises;

    6. BILL FOR OTHER SERVICES: The LESSEE shall pay for


    water and electric bill in the leased premises, including
    telephone charges, if the same will be installed in the
    leased premises;

    7. VISIT: The LESSOR or his/her agents are allowed to


    enter the leased premises to visit/view the condition of
    the leased premises on any day during reasonable
    hours;

    8. COMPLIANCE WITH REGULATIONS: The LESSEE shall


    comply with any and all laws, ordinances, regulations or
    orders of the government and of the lawfully
    constituted homeowner’s association, it there is any;

    9. IMPROVEMENTS: The LESSEE shall not make any


    alterations or changes in the electrical installations or
    any other improvements within the leased premises
    without the prior written authority and consent of the
    LESSOR. At the end of this leased, any and all
    improvements shall belong to and shall be owned by
    the LESSOR. The lessee hereby expressly acknowledges
    that the leased premises are in good tenantable
    condition;

    10. REPAIRS: Minor repairs shall be shouldered by the


    LESSEE while the costs of major repairs shall be
    shouldered by the LESSOR. Cost of repairs exceeding
    the amount FIVE THOUSAND PESOS (Php5, 000.00)
    shall be considered as major repairs.

    NOW THEREFORE, for and in consideration of the


    foregoing terms and conditions and of the consideration, due
    and payable as herein provided, the parties herein have
    agreed, as they do hereby agree, commit and bind
    themselves to comply strictly and faithfully with all the terms
    and conditions of this contract of lease.

    IN WITNESS WHEREOF, the parties hereto have


    hereunto set their hands this 29th day of November 2019 at
    Malaybalay City, Bukidnon, Philippines.

    sgd sgd
    Lessor Lessee

    SIGNED IN THE PRESENCE OF:


    ACKNOWLEDGMENT

    Republic of the Philippines )


    City of Malaybalay ) S.S.

    BEFORE ME, a Notary Public, for and in Malaybalay


    City, Bukidnon, this 29th day of November, 2019
    personally appeared:

    Name Identification Card Issued On/At

    ,
    all known to me to be the same persons who executed the
    foregoing instrument and hereby acknowledged to me that
    the same is their free and voluntary act and deed.

          This instrument consisting of four (4) pages, including


    this page on which this acknowledgment is written refers to
    a DEED OF SALE and has been signed by the parties and
    their witnesses and sealed with my notarial seal.

    WITNESS MY HAND AND NOTARIAL SEAL.

    Doc. No. 155;


    Page No. 68
    Book No. I;
    Series of 2019.

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