Republic of the Philippines)
) s.s.
CONTRACT OF LEASE
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT OF LEASE, made and entered into this 2 8 t h day of April, 2025
at Barangay Simbo, Tupi South Cotabato, by and between: Barangay
Local Government Unit of SIMBO, represented by Punong Barangay ELIBERTO L.
PRUDENTE , of legal age, married and residing at Barangay Simbo, Tupi South
Cotabato, and hereinafter referred to as the LESSOR,
-and-
MASAGANANG SIMBO SLP ASSOCIATION, represented by SLPA President
JEAN V. CANDIDO, also of legal age, married and residing at Barangay Simbo,
Tupi South Cotabato, and hereinafter
referred to as the LESSEE,
WITNESSETH: That
WHEREAS, the LESSOR is the registered and absolute owner of a house and lot situated at
Purok 2, Barangay Simbo, Tupi South Cotabato;
WHEREAS, the LESSEE is willing to lease said property from the LESSOR under the following terms and
conditions:
1.That the lease shall be for a period of five year from April 28, 2025 up to April 28, 2030;
2.That the LESSEE shall pay a monthly rental of ONE HUNDRED FIFTY PESOS (150.00), Philippine
Currency, payable every 30th day of the month;
3. That the LESSEE upon e n t r y s h a l l g i v e F O U R
H U N D R E D FIFTY PESOS (P450.00) representing two (2) months deposit and one (1) month
advance. That the deposit shall not be considered as payment for rental but will be reimbursed by the
LESSOR upon the termination of this contract, unless the leased property suffers damages or the LESSEE
has unpaid utility and water bills in which case, said bills and damages will be paid out of the deposit;
4.That electric and water bills shall be for the account of the LESSEE, the exact amount of which will be
based on the electric and water reading for each month;
5. That the leased premises shall be devoted exclusively for Sustainable Livelihood purposes only;
6. That all improvements to be made or introduced on the premises shall require the prior consent of the
LESSOR and that improvement that can no longer be removed by the LESSEE shall become the property
of the LESSOR;
7.That any expenses for repair arising from damage wilfully and knowingly caused by the LESSEE on the
premises shall be shouldered by the LESSEE;
8.That under no circumstance will the leased premises be subleased to any other person or entity without the
written consent and approval of the LESSOR;
9.That if said premises is not surrendered to the LESSOR at the expiration of the lease contract, the LESSEE
shall be responsible to the LESSOR for all damages which the LESSOR may suffer by reason thereof;
10. That the LESSEE hereby agrees to return the leased premises at the expiration of the contract in as good
a condition as reasonable wear and tear will permit without any delay whatsoever;
11. That in case the LESSEE shall have arrears in rental payments and unable to pay said arrears before
vacating the premises, the LESSOR shall have the option to take possession of any tangible and valuable
property to offset the amount of rental arrears without the need of judicial action;
12. That in case the leased premises shall be abandoned, vacated or deserted for a period of one
(1) week, without any previous notice to the LESSOR and during the time the LESSEE is in default in the
payment of the monthly rental, then under such circumstances the LESSOR can consider the leased
premises as legally abandoned and may enter the premises and take possession thereof without prejudice
to its right of action against the LESSEE;
13. The LESSOR reserves the right to increase the rental rate by ten (10%) per cent after one (1) year and
the contract is renewed by mutual agreement of the parties;
14. That the LESSEE is obliged to observe cleanliness and maintain peaceful condition inside and outside the
premises;
15. That the LESSEE hereby warrants that he read and understood all the foregoing provisions of this
contract and shall abide by the same, otherwise, any violation will subject the LESSEE to ejectment and
other legal sanctions.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 28th day of April, 2025 at
the Barangay simbo, Tupi South Cotabato.
JEAN V. CANDIDO ELIBERTO L. PRUDENTE
Signature of Lessee Signature of Lessor
SIGNED IN THE PRESENCE OF:
HON. GILDA S. MINA HON. RICO M. EMANEL
Barangay Kagawad Barangay Kagawad
REPUBLIC OF THE PHILIPPINES)
IMUS, CAVITE ) S.S.
ACKNOWLEDGEMENT
BEFORE ME, a Notary Public for and in the Tupi, South Cotabato, this day of , 2025,
personally came and appeared , showing a competent proof of his identification:
VALID UNTIL known to me and to me known to be the same person who executed the forgoing
instrument and acknowledged that the same is his free and voluntary act and deed.
WITNESS MY HAND AND SEAL……………..
Doc. No. ; Page
No. ; Book
no. ; Series
of 2025.
