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-and-
Wally Dimaporo, Filipino, of legal age, single and residing at Blk 3 Lot 40
Carmen Heights, Quezon City, hereinafter referred to as LESSEE.
WITNESSETH:
WHEREAS, the lessee desires to lease one unit space at the building of the
lessor and the latter agreed under the following terms and conditions:
(1) EFFECTIVITY: This contract to lease shall be for a period of 1 year counted
from August 27, 2019 and until August 27 2020. This contract may be renewed at the
option of the lessor. If the lessee desires to renew this lease, the latter shall say so in
writing at least two months before the end of this contract.
(2) RENTALS: The LESSEE’S monthly obligation shall be Twenty Five Thousand
Pesos (25,000.00). In addition, the LESSEE will pay electricity, telephone bill and water
bill. The same shall be due and payable within the first ten (10) days of every month.
The said rental shall be subject to the escalation rate 5% every year and this applies
even in case of renewal. There shall be no charges for Value Added Tax (VAT).
(3) SECURITY DEPOSIT: The lessee shall pay a security deposit of Fifty
Thousand Pesos (50,000.00) refundable to the lessee upon the termination of this
lease.
(4) The LESSEE shall comply with the other conditions of the lease such as the
following:
a. DEFAULT PAYMENT: In case of default by the LESSEE in the
payment of the rent, such as when the checks are dishonored, the
LESSOR at its option may terminate this contract and eject the LESSEE.
The LESSOR has the right to padlock the premises when the LESSEE is
in default of payment for One (1) month and may forfeit whatever rental
deposit or advances have been given by the LESSEE.
c. PUBLIC UTILITIES: The LESSEE shall pay for its telephone, electric,
cable TV, water, Internet, association dues and other public services and
utilities during the duration of the lease.
5. This CONTRACT OF LEASE shall be valid and binding between the parties,
their successors-in-interest and assigns.
IN WITNESS WHEREOF, parties herein affixed their signatures on the date and
place above written.
Joshua Romualdez with Community Tax Certificate No. 98076525 issued at Pasig City
on August 20, 2019. Passport No. P67980096A
Wally Dimaporo with Community Tax Certificate No. 08745367 issued at Pasig City on
August 20, 2019. Passport No. P34231121B
known to me and to me known to be the same persons who executed the foregoing
Deed of Absolute Sale and acknowledged to me that the same is their free and
voluntary act and deed.
I HEREBY CERTIFY that this instrument which consists of five (5) pages, including this
page whereon this Acknowledgement is written, have been signed by the parties and
their instrumental witnesses on the appropriate spaces on page three (3) and on the left
margin of the other pages, and refers to the Contract of Lease covering Bldg. 122 Lot
22 Blk 7 San Andres, Guadalupe Makati City, Philippines.