CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE made and entered into this _______day of
____________20___ at Pasig City and between
WILINDA F.MAOG of legal age, Filipino, and with principal place of business at
16 M.Concepcion St. San Joaquin Pasig City, hereinafter referred to as the
LESSOR;
AND
______________________________ of legal age,__________ and a resident of ______
______________________________ hereinafter referred to as the LESSEE.
WITHNESSETH: That
WHEREAS, the LESSOR is the registered owner or the Authorized possessor
of a Commercial space located at 16 M.Concepcion St. San Joaquin Pasig City
with one (1) unit for rental.
WHEREAS, the LESSEE desires to lease the following premises therein, and
described as follows:
Unit ___, a 12/15 sq .meter (more or less) commercial space with one (1)
toilet with lavatory located at 16 M. Concepcion St. San Joaquin Pasig City.
The LESSEE hereby acknowledges that she/he has identified and inspected
the Leased Premises and accepts the same on a AS IS WHERE IS basis.
I. TERM:
A. The term of lease shall be for a period of ONE (1) year, to commence
on
the _______ day of ____________ 20___ and automatically ends/
terminating on the _______ day of ____________ 20___
B. The parties may renew this Contract of Lease but solely on the
discretion of the LESSOR and under such terms and conditions as may the
parties then mutually agree. In the event that the LESSEE wishes/intends
to renew this Contract, the LESSEE must notify the LESSOR in writing of its
wish to renew at lease TWO (2) months before ____________________.
The LESSOR and the LESSEE shall endeavor to execute a Contract of
Lease for the renewed term at least ONE (1) month before the actual
expiration of this Contract.
II. RENTALS:
The LESSEE shall pay the LESSOR or its Authorized representative in advance
within the first five (5) days of each lease month during the entire period of
this lease, without necessity of demand, a monthly rental of PESOS:
________________
(Php ____________ ),Philippine currency.
A. Upon signing this Contract, the LESSEE shall issue in favor of and
deliver to the LESSOR postdated local clearing checks to cover for the
monthly rental payments.
B. The monthly rental amount excludes the utility charges, taxes, dues or
assessment which shall all be for the account of the LESSEE, as
provided for in certain provisions of this Contract.
C. Without prejudice to the exercise by the LESSOR of its rights under this
Contract, the LESSEE shall pay the LESSOR INTEREST at the rate of

three (3%) percent a month on any monthly rental not paid on time to
be computed from the date of delinquency..
D. ADVANCE RENT AND SECURITY DEPOSIT: The LESSEE shall upon
execution of this Contract pay to the LESSOR the amount of PESOS:
__________________
(Php ____________ ), Philippine currency as advance rental payment. This
advance payment shall be applied as payment for the first month of
the lease period.
Upon signing of this Contract, the LESSEE shall also deposit in cash
with the LESSOR the amount equivalent to two (2) months rent or
PESOS: ______________________________ ( Php ________ )Philippine
currency which shall serve as SECURITY DEOPSIT.
E. The Security deposit shall be held to answer for any unpaid bills or
Obligation which the LESSEE may have under this Contract, or
obligations
Arising out of the use and occupancy of the Leased premises, such as,
but not limited to unpaid electrical, telephone, water or other utility bills,
including damage to the Leased premises, except damages due to normal
wear and tear, all accruing to the termination of this Contract.
F. The LESSEE shall maintain the security deposit in full throughout the
term of this Contract, and same cannot be applied as payment for
rentals corresponding to any month.
G. The security deposit shall be retained by the LESSOR for a period not to
exceed sixty (60) days from the termination of the lease to answer for
the above specified obligations. The balance, if any, would be refunded
to the LESSEE after the lapse of the aforementioned 60 day period,
provided the LESSEE vacates the Leased premises in accordance with
the terms and conditions of this Contract.
H. The security deposit shall be refunded without interest.
III. ASSIGNMENT/ SUBLEASE:
A. The LESSEE shall not assign or transfer its right in this Contract or
sublease or sublet all or any part of the Leased premises.
B. Any violation of this provision shall put the LESSEE in default.
IV. RESTRICTIONS ON THE USE OF LEASED PREMISES:
A. The LESSEE shall use the Leased Premises exclusively for its business
as contemplated in its Articles of Incorporation, in accordance with
applicable laws, ordinances and rules and regulations of the city and
National Government.
B. The LESSEE shall not bring into the Leased Premises firearms and
other deadly weapons, explosives, firecrackers and/or pyrotechnics of
any kind or quantity, toxic compound, obnoxious substances and/ or
inflammable materials that may constitute a fire or health hazards,
prohibited drugs or narcotics and any other illegal objects, things, or
substances.
C. Drinking parties, gambling, as well as loud, noisy, tumultuous
activities which will disturb the peace and quiet of the premises and
the neighborhood, likewise shall not be allowed in the Leased
Premises. Men, women or children of ill repute, as well as criminal
elements of any kind are likewise not allowed on the premises.
V. IMPROVEMENTS AND ALTERATIONS BY THE LESSEE:
A. The LESSEE may introduce permanent improvements on the Leased
Premises as required by the nature of its business, provided,
however, a
Written consent from the LESSOR be secured by the LESSEE, and
that all
alterations/ improvements made by the LESSEE shall be at its own
expense, except movable furniture and fixtures and improvements,
the

removal of which shall not deface the Leased Premises, shall become
the property of the LESSOR at the termination of the lease, without
compensation to the LESSEE.
C. The LESSOR reserves the right to refuse to make any alterations,
installations, additions or improvements requested by the LESSEE, if in
the LESSORS opinion there is just cause to warrant such refusal.
D. No notice, sign or any medium of advertisement shall be put up, hung
or painted on any part of the building without first obtaining the
written consent of the LESSOR. Any permits and/or licenses required
for said signs shall be paid by and for the account of the LESSEE.
VII. PAYMENT FOR UTILITIES:
A. The LESSEE shall assume the cost of necessary deposits and/or
additional installation charges, and shall pay on time, during the time of
this lease all charges for electricity, water, telephone and all such other
utilities/ services in the leased premises. The LESSEE shall provide the
LESSOR a copy of paid utility bills at the end of each month, should the
LESSEE fail to do so, he shall be required to get a clearance from the
utility companies prior to refunding of his security deposit.
VIII. LIABILITY AND INDEMNIFICATION:
The LESSOR shall have no liability to the LESSEE for any damage to
property (including fixtures, fittings, equipment and merchandise and other
property of the LESSEE) or injury to or death of persons (including persons
employed by the LESSEE) occasioned by the leased premises being out of
repair or occurring by reason of or arising directly out of or in connection with
any defect or condition in, upon or about the leased premises or any cotenant or other occupant of said building or any premises adjacent thereto,
or of any owners or occupants of adjoining or contiguous property.
A. The LESSEE assumes all liability for loss, including theft and
disappearance of, and damage or injury to goods, wares,
merchandise or property of any kind, including without limitation to
property of LESSEE and LESSOR and of employees and invitees of
LESSEE and LESSOR, and for injury to or death of any persons,
including without limitation to, employees and invitees of LESSOR
and LESSEE which occurs or sustained as a result of any cause
whatsoever except LESSORS own negligence, in, upon or about the
leased premises, particularly but not limited to the service area, or
which wherever occurring or sustained, results directly or indirectly
from any use, misuse or neglect of the leased premises by any
person and LESSEE agrees to indemnify LESSOR and hold LESSOR
harmless from and against any and all loss, liability, actions, suits,
proceedings or claims, including attorneys fees or other expenses
incurred in connection therewith, directly or indirectly resulting from
or arising out of or in connection with any such damage to property
or injury to or death of persons.
B. The LESSEE shall assume all the legal liability of the LESSOR in
respect to any claim arising from bodily injury or death or property
damage or loss of which may be suffered by any employee, agent,
customer or invitee of the LESSEE while they are in said premises,
and the LESSEE shall indemnify and keep the LESSOR indemnified
against all claims, demands, actions and proceedings.
IX. INSPECTION AND MAINTENNANCE:
A. The LESSOR or its Authorized representative shall have the right to
enter the Leased premises at anytime to examine the same, or for the
purpose which it may deem necessary, for the operation or
maintenance of the building or its installations, and during the last three
(3) months of the term of lease, to exhibit the leased premises to
prospective tenants.

B. The LESSEE shall at all times allow and give access to the LESSOR to
the leased premises for the purpose of making repairs, remodeling or
repainting, or to undertake all works necessary for the preservation,
conservation, improvement or decoration of the building or any part
thereof. No compensation or claim shall be allowed against annoyance
or injury to the LESSEES business that may arise by the virtue of
undertaking any work under this provision.
X. EXPROPRIATION AND OCCURRENCE OF FIRE OR ACTS OF GOD:
A. In the event that expropriation and proceedings are instituted during
the period of this lease by any instrumentality of the Government or by any
other entity with Authority to exercise such powers, or in case of fire or other
Acts of God (hereinafter called calamities), either party may rescind this
Contract should the leased premises become no longer useful for the
purpose of this lease, upon giving the other party thirty (30) days previous
written notice thereof.
In case of such expropriation proceedings or calamities, the LESSEE hereby
unconditionally relieves and releases the LESSOR from any and all liability
under this contract in connection with or arising out of such expropriation
proceedings or calamities without prejudice to whatever recourse the LESSEE
may have against the expropriating entity or arsonists, if any, on account of
damage done or caused to it by its properties.
XI. BREACH OR DEFAULT:
A. The LESSEE agrees that all the covenants and agreements herein
contained shall be deemed essential conditions hereof and that if default or
breach be made of any such conditions, or should the LESSEE become
bankrupt or insolvent, or compounds with his creditors, then any such event,
the LESSOR shall have the right to terminate and cancel this Contract,
whether judicially or extra judicially, upon five (5) days notice delivered at
the leased premises or posted on the main door thereof. Upon such
termination or cancellation, the LESSOR may forthwith lock the premises and
exclude the LESSEE there from, whether forcefully or otherwise, without
incurring any civil or criminal liability.
B. Should the LESSOR be compelled to seek judicial relief against the
LESSEE, the latter shall, in addition to any other damages that may be
awarded to the LESSOR, pay an amount equivalent to fifteen (15%) percent
of the amount claimed in the complainant, as and by way of attorneys fees
(with minimum of Php 20,000), aside from the costs of litigation and other
expenses which the law entitles the LESSOR to recover from the LESSEE.
C. In all cases where this Contract is terminated or cancelled, whether
judicially or extra judicially, by reason of any default or breach committed by
the LESSEE, or by reason of the bankruptcy, insolvency of the LESSEE, or by
reason of LESSEES deserting or vacation of the leased premises before the
expiration of the lease, then in any such event, the cash deposit of PESOS:
______________________________ (Php________ ) Philippine currency, provided in
Paragraph II-D hereof, shall forthwith be forfeited to the LESSOR by way of
penalty and the LESSOR shall have the right to enter the same as the agent
of the LESSEE, either by force or otherwise without being liable to any
prosecution therefore, and the LESSOR shall furthermore have the option to
relent the same as the agent of the LESSEE, to receive the rent therefore,
and to apply the same to the payment of the rent due hereunder, moreover,
the LESSEE shall be fully liable to the LESSOR for the rentals corresponding
to the remaining term of this lease, as well as for any and all damages,
actual or consequential, resulting from such default, and termination. In the
event of cancellation and termination of this Contract, the LESSOR is hereby
Authorized, as the Attorney- in- fact of the LESSEE, to sell at public or private
sale, without notice to the LESSEE, any and all goods, merchandise,
furniture, fixtures, and equipment located at the leased premises, and apply
the proceeds of such sale to any damages or outstanding obligation of the
LESSEE under this Contract.

All remedies granted to the LESSOR under this Contract or elsewhere shall
be deemed cumulative.
XII. TERMINATION OF LEASE:
A. The LESSEE agrees to return and surrender the leased premises at
the expiration of the term of this lease in as good condition as reasonable
wear and tear will permit and without delay whatsoever, devoid of all
occupants, furniture, articles, and effects of any kind other than such
alterations, installations, additions or improvements which the LESSOR may
elect to take, in accordance with the provisions of Paragraph V hereof.
XIII. SURRENDER OF LEASE:
A. Upon the termination of this Lease Contract, by expiration of the
term or by any cause, the LESSEE shall peaceable vacate the premises and
surrender the same to the LESSOR. Should the LESSEE fail to do so, the
LESSOR shall have the right to take possession of the premises and to
remove there from any and all properties of the LESSEE.
The LESSOR is hereby authorized to deposit such properties at any
warehouse in behalf of and at the expense of the LESSEE and/or to sell the
same at a public or private sale. The proceeds of the sale shall answer for
the payment of any obligation of the LESSEE to the LESSOR, and any excess
over such obligations shall be turned over to the LESSEE.
The LESSEE shall hold the LESSOR free and harmless from and shall defend
and indemnify the latter against any and all claims made by any succeeding
tenant against the LESSOR, resulting from delay by the LESSOR in delivering
possession of the premises to such succeeding tenant where the delay is
occasioned by the failure of the LESSEE to surrender the premises on time.
XIV. NON-WAIVER:
A .The failure of the LESSOR to insist upon a strict performance of any
terms, conditions and covenants hereof shall not be deemed a
relinquishment or waiver of any right or remedy that said LESSOR may
have nor shall it be construed as a waiver of any subsequent breach or
default of the terms, conditions, and covenants herein contained, which
shall be deemed to have made unless expressed in writing and signed
by the LESSOR.
XV. HOLDING OVER:
A. If the LESSEE shall hold over the term herein created, such holding
over shall be construed as a tenancy from month to month, upon the same
terms and conditions as herein contained, and the monthly rental herein
reserved.
Any stipulation herein which may later be found contrary to law shall not
render the other provisions null and void.
XVI. REVIEW OF RENTALS:
A. The LESSOR reserves the right to review the rental rates for purpose
of adjustment at anytime during the existence of the lease or any extension
thereof, should the free market selling rates of foreign exchange be higher
by ten (10) percent or more, or should the rental rates in apartments or
comparable buildings increase by ten (10%) percent or more, in accordance
with the findings of the LESSOR.
B. Notwithstanding the provision of the preceding Paragraph, the rental
rate in force shall be automatically increased, without the need of
negotiation between the LESSOR and the LESSEE, to cover for (a) any
increase in the assessed value of the building or the land on which it is
erected and/ or in the tax rate; and/ or (b) any other taxes, assessments and
charges, national or municipal, general or special, which may be levied,
imposed or assessed on the building and the land on which it is erected, at
anytime after the date of this lease.

C. Should the LESSEE refuse to accept the adjusted rental rates, the
LESSOR shall have the right to terminate the Contract, and the same shall be
deemed cancelled after three (3) months from written notice of termination.
XVII.KEYS AND FIXTURES:
A. Upon signing of this agreement, the LESSOR shall turn over the
following items to the LESSEE, who shall return same in good order and
condition upon Contract expiration.
Quantity
Description/Particulars
KEYS

_____________
_____________

Meters MERALCO
MANILA WATER
Others: _______________

___________________________
___________________________
___________________________
___________________________
___________________________

B. The actual replacement cost of items not properly returned or

damaged and thus requiring replacement shall be deducted from the
security deposit, together with a reasonable amount to cover unpaid utility
bills.
XVIII.OTHER PROVISIONS:
A. The LESSEE shall shoulder cost of all utilities consumed within the
leased premises during the term of this Contract.
B. The LESSEE shall comply with provisions of the MMDA REG. No. 96009 with respect to cleanliness, sanitation and dumping of garbage, waste
and litter, and shall be answerable for any violations thereof concerning the
leased premises.

IN WITNESS WHEREOF; the parties hereto caused this instrument to be duly

executed on the day, month, year and place herein before mentioned.

WILINDA F. MAOG
(Lessor)
TIN # 216 824128

ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES/S.S
CITY OF ______________________
BEFORE ME, A Notary Public, for and in the City of
____________________
personally appeared, Miss WILINDA F. MAOG, with Community Tax Certificate
#_________ issued at Pasig City on ________________ and ___________________
with
Community Tax Certificate ___________________issued at
_______________________
on ____________________,both known to me and to me known to be the same
persons who executed the foregoing instrument and acknowledged to me
that the same are their free and voluntary act and deed.
IN TESTIMONY WHEREOF,I have hereunto set my hand and affixed
my notarial seal at the City of __________________this _______day of 20___

Notary Public until

December 31, 20__
PTR No.
Issued at _________
Issued on _________