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WITNESSETH: That
WHEREAS, the LESSOR are the owners and are duly authorized to lease
a condominium unit, more particularly described as follows:
UNIT 2310, G.A. TOWER 1 CONDOMINIUM, 83
EDSA, MANDALUYONG CITY, a semi-furnished threebedroom condominium unit, hereinafter referred to as
the LEASED PREMISES, under the terms and
conditions hereinafter set forth.
WHEREAS, the LESEE desires to lease the above-mentioned LEASED
PREMISES and the LESSOR are willing to lease the same unto the LESSEE,
subject to terms and conditions hereinafter specified.
The period of effectivity of this Contract shall be for ONE (1) YEAR
commencing on March 2017 to 28 February 2018, renewable thereafter
upon mutual agreement.
1.2
1.3
The LESSEE shall inform the LESSOR of his/her intention not to renew
by written notice at least THIRTY (30) DAYS prior to the expiration of this
Contract.
SECTION 2. RENTAL PAYMENTS
2.1
2.2
3.1
Upon execution of this Contract, the LESSEE shall pay to the LESSOR
the amount of THIRTEEN THOUSAND PESOS (Php13,000.00), as one
(1) month ADVANCE RENTAL and TWENTY SIX THOUSAND PESOS
(Php26,000.00), as two (2) months SECURITY DEPOSIT. Postdated
checks shall be dated every 28th of the month for the remaining eleven
(11) months.
3.2
4.1
The LESSEE shall use the LEASED PREMISES for his/her RESIDENCE
ONLY and shall maintain the same in clean and sanitary condition.
4.2
The LESSEE shall not divert the LEASED PREMISES to other uses
without prior written consent of the LESSOR. Any unauthorized use
shall entitle the LESSOR to rescind the Contract or increase the rent due
or compel the LESSEE to discontinue the unauthorized use of the
LEASED PREMISES.
4.3
The LESSEE warrants that it shall not use the LEASED PREMISES for
any illegal activity.
4.4
The LESSEE shall at all times be solely responsible for all acts or
omission of his/her agents, employees, or guests which may have caused
any damage to the LEASED PREMISES.
4.5
The LESSEE shall not deposit within the LEASED PREMISES any
obnoxious, inflammable or explosive matters.
4.6
The LESSEE shall comply with all laws, ordinances or orders of the
condominium corporation.
4.7
The LESSEE shall use the property in such a way that the same shall not
constitute a public or private nuisance and shall not permit noxious
odors or noises to emanate from the LEASED PREMISES. Social activities
of the LESSEE on the LEASED PREMISES shall be conducted without
undue noise and disturbance to the occupants of the other condominium
units. No dogs and other animals shall be kept in the LEASED
PREMISES.
4.8
4.9
Minor repairs, including repairs due to ordinary wear and tear up to the
limit hereunder stated, and those due to the negligent use of the LEASED
PREMISES by the LESSEE, members of his/her household, staff, clients,
or guests, shall be for the LESSEEs account. For the purposes of this
paragraph, any repair amounting to FIVE THOUSAND PESOS
(Php5,000.00) or less shall be deemed a minor repair.
4.10 All major repairs (other than that caused by the negligent use of the
LEASED PREMISES by the LESSEE, member of his/her household, or
his/her guests) and those due to structural defects shall be solely for the
LESSORs account. LESSOR shall undertake to commence making the
repairs within seven (7) days, if possible, from receipt of written notice
from the LESSEE and have the repairs completed within reasonable time.
4.11 Prior to the execution of this Contract, the LEASED PREMISES were
inspected by the LESSOR and the LESSEE and the same was found to be
in good and tenantable condition, unless otherwise noted in writing by
the LESSEE, the same to be attached to this Contract as an integral part
hereof. The LESSE shall at all times keep the LEASED PREMISES in the
same good tenantable condition and for this purpose, the LESSOR or
his/her representative may, at reasonable times and with 24-hour prior
notice enter the LEASED PREMISES to examine the condition of the
same.
In the event the LEASED PREMISES, or any part thereof is destroyed or
rendered untenantable by fire, war, civil disturbance, floods, typhoons, or
any other calamity, the LESSEE shall not be responsible for the
All charges for water, electricity, telephone, cable, and such other services
and utilities in the LEASED PREMISES due shall be for the exclusive
account of the LESSEE.
5.2
5.3
The LESSEE shall obtain prior written consent of the LESSOR before
installing additional electric, water, telephone and teletype and/or gas
connections in the LEASED PREMISES.
5.4
5.5
The LESSOR shall be responsible for the payment of any and all fees and
other charges which may be imposed by the Condominium Corporation
for all unit owners.
SECTION 6. ALTERATIONS and IMPROVEMENTS
6.1
7.1
7.2
thereof. Moreover, the LESSOR shall require the said third party to
respect all the terms and conditions of this Contract. The LESSOR shall
furnish the LESSEE simultaneously with a copy of such
notice/advice/letter to the third party.
In the event of a bona fide sale of the LEASED PREMISES, the LESSOR
shall transfer and pay to the VENDEE the SECURITY DEPOSIT and any
remainder of the ADVANCE RENTALS, which are yet to be applied to
future rent under the terms and conditions of this Contract. LESSOR
shall see to it that the Deed of Sale provides that the VENDEE shall treat
and apply said SECURITY DEPOSIT and remainder of the ADVANCE
RENTALS in accordance with the terms and conditions of this Contract.
SECTION 8. NON-WAIVER
8.1
9.1
Should the LESSEE give written notice of its intention not to renew this
Contract, in accordance with Section 1 hereof, the LESSEE shall allow
the LESSOR or their representative to show the LEASED PREMISES to
prospective tenants during business hours within the last THIRTY (30)
DAYS of the Contract with one (1) day advanced notice.
SECTION 10. TERMINATION OF LEASE
typhoons, earthquakes, floods, etc., which are beyond the control of the
LESSEE, the latter shall not be liable to the LESSOR.
SECTION 15. TAXES AND INSURANCE
15.1 Real Estate, government assessments, and fire insurance charges shall
be for the account of the LESSOR; however, any other taxes shall be
borne by the LESSEE.
SECTION 16. SALE, TRANSFER AND MORTAGE
16.1 In the event sale, transfer, mortgage or any other encumbrances of the
LEASED PREMISES or any existing sale, transfer, mortgage or
encumbrances of the same, pursuant to Section 7.2 hereof, LESSOR
shall warrant to the LESSEE that the purchaser, mortgages, or
encumbrance shall respect all terms and conditions of the Contract of
Lease. Also, LESSOR are allowed to show the unit for viewing to
prospective buyers with prior arrangements with the LESSEE.
SECTION 17. INSPECTION OF THE PREMISES
17.1 The LESSOR shall maintain the LEASED PREMISES in good and
tenantable condition and for such purpose the LESSOR reserves the
right with prior notice to the LESSEE to enter and inspect the LEASED
PREMISES and to make the necessary repairs therein at reasonable
times.
SECTION 18. FIRE
18.1 In case the damage of the LEASED PREMISES or its appurtenance is by
fire, earthquake, war or any other unforeseen cause, the LESSEE will
give immediate notice to the LESSOR.
If the LEASED PREMISES shall be damage by fire or other causes
without the fault or negligence of the LESSEE or its agents, clerks or
servants, the injury shall be repaired at the expense of the LESSOR, as
speedily as possible, after such notice; but if the LEASED PREMISES be
so nearly destroyed as to make it uninhabitable without the fault or
neglect of the LESSEE, either party may demand the rescission of this
Contract.
No compensation or claim shall be allowed against the LESSOR by the
reason of the inconvenience, annoyance or injury arising out of the
necessity of repairing any portion of the unit.
SECTION 19. BREACH or DEFAULT
19.1 In case of default or breach of any of the covenants and conditions
herein provided, with reference to Section 4.12, this Contract, at the
discretion of the LESSOR, may be terminated and cancelled forthwith
and the LESSEE shall be liable for any and all damages, actual or
consequential, resulting directly or indirectly from such default and
termination.
IN WITNESS WHEREOF, the parties have hereunto set their hands on the
date and place first written above.
________________________________
________________________________
IMILDA ESLABRA
Lessor
Lessee
______________________________
CONRADO ESLABRA
Lessor
________________________________
________________________________
ACKNOWLEDGEMENT
Republic of the Philippines
City of Mandaluyong
)
)S.S.
BEFORE ME, a Notary Public for and in Mandaluyong City, this _____
day of _______________ 2017, personally appeared the following:
Name
Imilida Eslabra
Government-issued I.D.
Conrado Eslabra
Jhanine Maureen
Almazora
known to me and to me known to be the same persons who executed the
foregoing Contract of Lease and they acknowledged to me that the same is their
free and voluntary act and deed.
This Contract of Lease, consisting of eleven (11) pages, including the
page where this acknowledgment is written, was signed by the parties on the
appropriate spaces provided above and on the margins of all other pages.
WITNESS MY HAND AND SEAL on the date and place first above written.