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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:


This contract of lease CONTRACT made and entered into this ______ day of
____________, 2015 in the City of __________________, Philippines, by and between.

________________ of legal age, single, Filipino Citizen, with postal address 24 MT. KAMET
STREET FILINVEST I, BATASAN HILLS QUEZON CITY hereinafter referred to as the
LESSOR represented by JOHN BASIL Y. MANUEL, JR. as JOAQUIN MANUELs Attorneyin-fact

Lessee

-AND______________________ of legal age, single, Filipino Citizen, with postal address


________________________________hereinafter referred to as the LESSEE
WITNESSETH:
WHEREAS the LESSOR is the legal owner of the condominium property described as CONDO
UNIT 1815 TOWER 1 FLOOR 18 AT STUDIO CITY CONDOMINIUM COMPLEX LOCATED AT
WESTGATE CENTER W PARC DR. MUNTINLUPA, 1781 METRO MANILA, hereinafter
referred to as the LEASED PREMISES located at 1811 Taft Avenue, Pasay City.

NOW, THEREFORE, for and in consideration of the foregoing and the mutual covenants
hereinafter contained, the LESSOR has let and by these presents does hereby let and lease
unto the LESSEE the LEASED PREMISES and the LESSEE hereby accepts the same by way
of lease, subjects to the following terms and conditions:
1.) TERMS: The Lease shall be for a period of ONE (1) YEAR commencing on DECEMBER 27,
2015 and ending on DECEMBER 27, 2016 renewable upon mutual agreement of the parties
provided that the LESSEE serves written notice to the LESSOR of the intention of renew at
least thirty (30) days before the expiration of this Contract; provided further that the LESSEE
shall have faithfully complied with all the terms and conditions of this Contract.
2.) RENTAL RATE AND PAYMENTS The parties herein agree that the monthly rental for the
LEASED PREMISES shall be TWELVE THOUSAND PESOS (Php 12,000.00) per month.
Utilities shall be paid by the LESSEE and the monthly dues shall be paid by the LESSOR.
3.) MANNER OF PAYMENT- Upon signing of this CONTRACT, the LESSEE shall pay to the
LESSOR the following amounts:
a. An amount equivalent to ONE (1) MONTH RENTAL: TWELVE THOUSAND PESOS ONLY
(Php 12,000.00) as and by way of security deposit to guarantee the faithful compliance by the
LESSEE of all the terms and conditions and to answer for any obligations such as payment for
any utility bills including but not limited to water, electricity, telephone and any other liabilities
which may remain unpaid at the termination of this CONTRACT, and/or any damages on the
LEASED PREMISES. Payment for such obligations shall be deducted from this deposit and the
balance. After fully reviewing the unit for any damages and for any unpaid bills and any other
liabilities, any amount remaining from the security deposit shall be returned to the lessee at the
day of his/her move-out from the unit.

Attorney-in-fact

Attorney-in-fact

WHEREAS the LESSEE desires to lease the above mentioned premises and the LESSOR is
willing to lease the same unit to the LESSEE subject to the terms and conditions hereinafter
specified:

b. The amount of TWELVE THOUSAND PESOS PESOS (Php 12, 000.00) equivalent to one (1)
month rental, as and by way of Advance rental representing the period of December 27, 2015 to
January 26, 2016 and the other months will be covered by check for the schedule of payment.
c. The LESSEE shall issue the following checks upon signing this contract: TWO (2) dated
check with an amount equivalent to TWELVE THOUSAND PESOS (Php 12, 000.00) EACH by

way of security deposit and 1 month advance rental, and ELEVEN (11) post dated checks with
an amount equivalent to TWELVE THOUSAND PESOS (Php 12, 000.00) that would cover for
the LESSEEs whole stay.

SCHEDULE OF PAYMENT
1. DECEMBER 27, 2015 TO
JANUARY 26, 2016
2. JANUARY 27, 2016 TO
FEBRUARY 16, 2016
3. FEBRUARY 27 TO
MARCH 26
4. MARCH 27 TO APRIL 26
5. APRIL 27 TO MAY 26
6. MAY 27 TO JUNE 26
7. JUNE 27 TO JULY 26
8. JULY 27 TO AUGUST 26
9. AUGUST 27 TO
SEPTEMBER 26
10. SEPTEMBER 27 TO
OCTOBER 26
11. OCTOBER 27 TO
NOVEMBER 26
12. NOVEMBER 27 TO
DECEMBER 27

AMOUNT
Php 12, 000.00

REMARKS
APPLIED THE ONE MONTH
ADVANCE

Php 12,000.00
Php 12,000.00
Php 12,000.00
Php 12,000.00
Php 12,000.00
Php 12,000.00
Php 12,000.00
Php 12,000.00
Php 12,000.00
Php 12,000.00
Php 12,000.00

4. WATER, ELECTRICITY, ETC. The LESSEE shall be responsible for the payment of all
utility charges due on the LEASED PREMISES such as water, electricity, telephone, monthly
cable subscription, etc.
5. RESIDENTIAL PURPOSE The LEASED PREMISES shall be used only for a single family
residential purpose and for no other purpose without the written consent of the LESSOR. The
LESSEE shall not sublease the LEASED PREMISES or any portion thereof or otherwise
assigns its rights under this CONTRACT to a third person without the prior knowledge and
written consent of the LESSOR.
6. IMPROVEMENTS The LESSEE shall not make any structural changes, alterations or
improvements in the LEASED PREMISES without the written consent of the LESSOR. Any
alterations or improvements made or introduced by the LESSEE on the LEASED PREMISES
with the written consent of the LESSOR which cannot be removed without causing damage to
the LEASED PREMISES shall, upon termination of this CONTRACT, automatically inure to the
benefit of the LEASED PREMISES and become property of the LESSOR without any obligation
of the latters part to pay or refund its value or cost to the LESSEE.
7. SANITATION AND REPAIRS The LESSEE shall keep the LEASED PREMISES in good
and tenantable condition at all times. The LESSEE has inspected the LEASED PREMISES and
found the same to be in good and tenantable condition. The LESSOR shall be responsible for
all major or structural repairs on the LEASED PREMISES, and for repairs on water, electrical
and sewage installations caused by ordinary wear and tear. The LESSEE shall be responsible
for all minor repairs such as clogged toilets, pipes, broken fly screen, broken doorknobs,
washers, leaking faucets and the like, and all other minor repairs costing FIVE THOUSAND
PESOS ONLY (Php 5,000.00) and below for reach occurrence as well as for repairs due to the
fault or negligence of the LESSEE, its employees, members of his household, guests or visitors,
which shall be considered as the direct act of negligence on the part of the LESSEE.
Attorney-in-fact

Attorney-in-fact

Lessee

d. The LESSEE shall issue post dated checks for the following rental dates:

8. FIRE HAZARD AND OBNOXIOUS SUBSTANCE Except those necessary for ordinary
household use, the LESSEE shall not keep, deposit or store in the LEASED PREMISES any
obnoxious or inflammable materials or substance that might constitute a fire hazard or cause or
increase in insurances cost for the condominium building and/or the LEASED PREMISES.

9. THIRD PART LIABILITY the LESSEE shall hold the LESSOR free and harmless from any
damage of liability or responsibility to any person, property arising out of or as consequence of
the use of LEASED PREMIES by the LESSEE, its employees, and members of his family,
domestic help, visitors or guests during its occupancy of the LEASED PREMISES. When such
damage or liability is caused by fortuitous events or acts of God, such as typhoons,
earthquakes, floods, etc., which is beyond the control of the LESSEE, the latter shall not be
liable to the LESSOR.
10. TAXES AND INSURANCES Real Estate taxes, government assessments, and fire
insurance charges, shall be for the account of the LESSOR.

Lessee

11. INSPECTION OF PREMISES The LESSOR reserves the right, at reasonable times and
with prior notice, to enter and inspect the LEASED PREMISES and to make the necessary
repairs thereof. The LESSEE likewise agrees to cooperate with the LESSOR in keeping the said
premises in good and tenantable condition.
12. RULES AND REGULATIONS The LESSEE agrees to abide by the existing rules and
regulations of STUDIO ZEN PRIVATE DORMITED AND RESIDENCES as well as any
ordinances and laws affecting the use of the LEASED PREMISES.

14. FORCE MAJEURE/ SUBSTANCIAL DAMAGE TO THE PREMISES The LESSOR


warrants that the LESSEE shall have peaceful enjoyment of the LEASED PREMISES. In case
of substantial damage to the LEASED PREMISES or any portion thereof caused by fire,
typhoon, earthquake or any natural calamities and without the fault or negligence of the
LESSEE, its agents, employees or guests and/or their family, the damage shall be repaired at
the expense of the LESSOR as speedily as possible after such event ceases. If cause by
natural calamities or without fault or negligence of LESSEE, its employees, agents or guests or
member of their family, any portion of the LEASED PREMISES shall become unsuitable for
occupancy by reason of, then the LESSEE shall be entitled to a refund of a proportionate
amount of the rentals paid in advance. However, if the LEASED PREMISES are nearly
destroyed as to make it untenantable, without the fault or negligence of the LESSEE, its
employees, agents household help, guests, or members of their family, either party may
demand for the rescission of this CONTRACT. In such case, the security deposit paid by the
LESSEE to the LESSOR pursuant to this CONTRACT shall be refunded to the LESSEE without
interest less any unpaid dues for water, gas, electricity, telephone, garbage fees, and any
outstanding accounts of the LESSEE and any unapplied advance rentals paid by the LESSEE
shall be returned or refunded without interest to the LESSEE. However, nothing in this
paragraph shall be exempt the LESSEE from liability to the LESSOR, or to any third party, for
damages caused due to the fault of the LESSEE, members of his family, agents, employees,
guests or household help.
15. PRE-TERMINATION CLAUSE Subject to Section 20 hereof, either party shall have the
right to pre-terminate this Contract in case of violation of any of the terms and conditions
stipulated herein.
Attorney-in-fact

Attorney-in-fact

13. SALE, TRANSFER, MORTGAGE In the event of sale, transfer, mortgage or any other
encumbrance of the LEASED PREMISES or any existing sale, transfer mortgage or
encumbrance of the same, LESSOR shall warrant that the purchaser, mortgagee, or
encumbrancee shall respect all the terms and conditions of this CONTRACT.

In the event the LESSEE abandons or vacates the LEASED PREMISES without notice,
or pre-terminates the Contract for any reason without fault on the part of the LESSOR, the
LESSEE shall pay the LESSOR as and for liquidated damages, the rent for the unexpired
portion of the Contract and forfeit in favor of the LESSOR the security deposits and any and all
advance rentals and payments made.
16. RETURN OF LEASED PREMISES Upon the expiration of this CONTRACT or any
extension thereof, the LESSEE undertakes to vacate and surrender to the LESSOR the
LEASED PREMISES including the Furnishings and the Parking Slot/s, peacefully and in the
same good, clean and tenantable condition as when first occupied, ordinary wear and tear
excepted, and with the complete set of keys. Sixty (60) days before the expiration of this

CONTRACT, the LESSOR may show the LEASED PREMISES to prospective tenants at
reasonable hours and with prior notice to the LESSEE.
17. PEST CONTROL - Termite control treatment shall be for the account of the
LESSOR. However, pest and insect control shall be for the account of the LESSEE.
18. PETS The LESSEE shall maintain the LEASED PREMISES free of pets to
preserve its sanitation.

20. BREACH OR DEFAULT All covenants and agreements herein contained are
deemed essential conditions thereof. If default or breach be made of any such conditions by one
party, the aggrieved party shall have the right to terminate and cancel this CONTRACT, by
giving a written thirty (30) day notice of termination to the party which committed the breach or
default.
In case of termination or cancellation exercised by the LESSOR, the LESSOR may
forthwith re-enter and padlock the LEASED PREMISES and exclude therefrom the
LESSEE, its personnel, representatives, or agents, members of their family, and to
disconnect/cause the disconnection of water, electricity, telephone and other
utilities/services in the LEASED PREMISES without incurring civil or criminal liability
therefor.
In case of termination or cancellation exercised by the LESSEE due to default or breach
by the LESSOR, LESSEE shall be held liable only for rentals due up to the time of
termination or cancellation, or up to the time LESSOR is able to take full possession of
the LEASED PREMISES whichever is later, and for damages to the LEASED
PREMISES cause by fault or negligence of the LESSEE, its officers, employees, agents
and visitors, members of their family and for unpaid bills for service facilities and utilities
used by the LESSEE in the LEASED PREMISES. The LESSOR is hereby authorized as
the LESSEEs attorney-in-fact, to sell at public or private auction, with written notice to
the LESSEE, any and all goods, merchandise, machineries, equipment, etc. found within
the LEASED PREMISES and to apply the proceeds of such sale to any damages and
outstanding obligations of the LESSEE under this CONTRACT.

Attorney-in-fact

Lessee

19. NON-WAIVER Delay or failure by either party to exercise any of its rights or
remedies hereunder shall not be construed to be a waiver of such right and remedy.

Should the aggrieved party be compelled to seek judicial relief against the other party,
the latter shall in addition to any other damages that may be awarded to the aggrieved
party, pay an amount equivalent to twenty five percent (25%) of the amount claimed in
the complaint, as and by way of attorneys fees with a minimum amount of FIFTY
THOUSAND PESOS ONLY (Php 50,000.00) aside from the costs of litigation and other
expenses which the law entitles the aggrieved party to recover from the other party.

Attorney-in-fact

21. LEGAL ACTION AND VENUE Any legal action arising from this CONTRACT shall be filed
exclusively in the proper courts of Muntinlupa City, Metro manila, and all other venues being
expressly waived.

IN WITNESS WHEREOF, the parties hereunto set their hands this _____________________
day of _______________, in _____________________ City.

By:

By:

____________________________

_____________________________

LESSOR

LESSEE

____________________________
JOHN BASIL Y. MANUEL, JR.
Attorney-in-Fact

SIGNED IN THE PRESENCE OF:


___________________________

___________________________

ACKNOWLEDGEMENT
REPUBLIC OF THE PHILLIPINES
___________________ Metro Manila) S.S

BEFORE ME, a Notary Public for and in the Municipality of _____________ in this day of
__________________, personally appeared the following.
Known to me and to me known to be the same persons who have executed the foregoing
CONTRACT OF LEASE, acknowledges that it is both parties own act and deed.
This instrument consisting of FIVE (5) pages including this acknowledgement and the annex/es
hereto attached signed by the parties herein together with their instrumental witnesses above
the left hand margin of the other page thereof.
WITNESS MY HAND AND SEAL at ________________ this day of ____________________

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