CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This LEASE/RENTAL AGREEMENT is made and executed at the City of Paranaque,

______________ of legal age, married, Filipino, and with residence and postal
address at ________________________ hereinafter referred to as the LESSOR.

-AND-

_____________________, Filipino, of legal age, and with residence and postal

WITNESSETH; That

WHEREAS, the LESSOR is the owner of a condominium unit situated at

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:

NOW, THEREFORE, for and in consideration of the foregoing premises and the covenants
hereinafter stipulated, the parties hereby agree as follows:

1. Term: This LEASE shall be for a duration of ONE (1) year commencing on 25 JULY 2022 and
to end on 31 July 2023. Upon its expiration, this agreement may be renewed under such
terms and conditions as may be mutually agreed upon by both parties, a 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.

2. Rental Mode and Rate: The LESSEE agrees to pay the LESSOR the monthly rental fee of
Pesos: TWELVE THOUSAND (P12,000.00), Philippine currency in the form of POST-DATED
CHECKS (PDC) dated every 1st day of the months of year 2022-2023 upon signing this
contract.

3. Advance and Deposit: The LESSEE shall issue and advance payment to the LESSOR upon
signing of this contract and prior to the move-in equivalent to the rent of ONE (1) MONTH or a
sum of PESOS: TWELVE THOUSAND PESOS (P12,000.00). Wherein, the advance payment
shall be applied on the first month of period of this contract. The LESSEE shall also pay the
LESSOR the sum of TWO (2) months deposit of Pesos: TWENTY-FOUR THOUSAND
(P24,000.00), Philippine Currency, to guarantee the payment of any 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 THIRTY (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: One Thousand Two Hundred
(P1,200.00), Philippine Currency or as may be determined by the Association from time to
time, including interest or penalties that may be imposed for late payment, shall be for the
account of the LESSOR.

5. Use of the Premises: The premises shall be used exclusively for residential purposes only of
the LESSEE and the immediate members of (his/her) family and shall not in any way be used
for 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, telephone, internet, and other public utilities used
in the leased premises shall be for the account of the LESSEE. The LESSEE hereby
guarantees 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 THIRTY (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. 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. 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 the 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 Sub-Lease: 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 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 Prohibited 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 her 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 (2) months 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.

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 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.

The above enumerated remedies 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%) percent of the total amount involved pr claimed by the LESSOR as against the
LESSEE plus all court expenses and/or costs of litigation.
 19. Venue: All court actions from this contact of lease shall be filed only in the proper courts of
Paranaque City, Philippines, to the exclusion of all other courts.

IN WITNESS WHEREOF, the parties have hereunto set their hands, this _____________ at
_____________, Philippines.

____________________
Lessor

_________________
Lessee

SIGNED IN THE PRESENCE OF:

__________________ __________________

ACKNOWLEDGEMENT

Republic of the Philippines)

BEFORE ME, personally appeared:

Name Personal ID Number Date of Expiration

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 four (4) 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 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 ______