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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease is made and entered into by and between


MYRNA D. LATADE, of legal age, Filipino married, and a resident of
Cuartero St., Jaro, Iloilo City, hereinafter called the LESSOR;

-and-

___________________________________________ of legal age,


single/married and a resident of ________________________________________,
hereinafter referred to as LESSEE;

WITNESSETH:

WHEREAS, the LESSOR is the owner of a certain parcel of land together


with one (1) storey house constructed thereon situated at Blk. 19 Lot 11, Phase I,
Bagong Nayo II, Antipolo City;

WHEREAS, the LESSOR is desirous of leasing the said house and the
LESSEE accepts to lease the same subject to the following terms and conditions:

That the term of this lease is for ONE (1) YEAR which will take effect on
____________________________ renewable at the option of both the LESSOR
and the LESSEE;

2. That the monthly rental of the said house is FIVE THOUSAND PESOS
(P5,000.00), Philippine Currency, payable every ________ day of each and every
month thereafter starting ____________________________;

3. The advance and deposit shall be retained and maintained by the


LESSOR and shall not be applied to any unpaid rentals, however, the advance can
be applied for the last month of the contract while the deposit can be refunded
only to the LESSEE upon surrender of the keys to the LESSOR and after all the
unpaid pending bills have been fully paid;

4. That the LESSEE agrees to pay the LESSOR one (one) month deposit
and one (1) month advance rental or a total of TEN THOUSAND PESOS
(P10,000.00);

5. That the LESSEE agrees to pay the electric and water bills during their
stay in the said house;

6. That any minor repair introduced in the said premises shall be on the
account of the LESSEE and that any permanent repairs introduced thereon shall
be on the account of the LESSOR;
7. That any fixed improvements introduced by the LESSEE shall be with
the consent of LESSOR and that after the duration of the lease, the said
improvement shall remain with the LESSOR;

8. That the LESSOR shall be given free access to enter the premises at any
reasonable time of the day to conduct inspection of the property;

9. That failure of the LESSEE to complete the terms of this contract for
any reason whatsoever, shall forfeit his/her advance/deposit in favor of the
LESSOR;

10. That after the duration of the lease, the LESSEE shall fix any minor
damage caused by fixtures introduced in the said premises.

IN WITNESS WHEREOF, the parties have hereunto affixed their signature


this ______ day of _________________ at ____________________ Philippines.

MYRNA D. LATADE ________________________


Lessor Lessee
Senior Cit. ID No. 0026548 ID No. _______________

SIGNED IN THE PRESENCE OF:

________________________ & _______________________

REPUBLIC OF THE PHILIPPINES)


CITY OF _____________________) S.S.
x---------------------------------------x
Before me a Notary Public this ______ day of ____________________, in the
City of______________________, Philippines, personally appeared the above-named
persons with their ID number listed below their names whom personally known to the
notary public or identified by the notary public through competent evidence of identity by
the 2004 Rules on Notarial practice pursuant to Supreme Court EN BANC A.M. No.02-
8-13 SC Resolution. That the herein person represented to the notary public that the
signature on the instrument or document were voluntarily affixed by their free and
voluntary act and deed.

WITNESS MY HAND AND SEAL.

Doc. No. ____;


Page No. ____;
Book No. ____;
Series of 20__.