CONTRACT OF LEASE

(APARTMENT UNIT)

KNOW ALL MEN BY THESE PRESENTS:

That this Contract of Lease is made and executed at the City of _____________, this day of
_____, 20___, by and between:

________________________________________, of legal age, single/married to

_________________________, Filipino, and with residence and postal address at
___________________________________________________________, hereinafter referred to as the
LESSOR.

-AND-

________________________________________, Filipino and with residence and postal address

at ___________________________________________________________, hereinafter referred to as
the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of an APARTMENT UNIT, a residential property

situated at De Leon Compound in Sitio Malabon, Barangay San Juan, Taytay Rizal;

WHEREAS, the LESSOR agrees to lease-out the property unto the LESSEE and the LESSEE
is willing to lease the same;

NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR
leases unto the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED premises,
subject to the following terms and conditions, mutually agreed upon by the parties, as follows:

1. PURPOSES: That premises hereby leased shall be used exclusively by the LESSEE
for residential purposes only and shall not be diverted to other uses. It is hereby
expressly agreed that if at any time the premises are used for other purposes,
the LESSOR shall have the right to rescind this contract without prejudice to its
other rights under the law.

2. TERM: This term of lease is for ONE (1) YEAR. Upon its expiration, this lease may
be renewed under such terms and conditions as may be mutually agreed upon
by both parties, written notice of intention to renew the lease shall be served to
the LESSOR not later than seven (7) days prior to the expiry date of the period
herein agreed upon.

3. RENTAL RATE: The rental rate for the leased premises shall be
_____________________________ (Ph _____________), Philippine Currency. All rental
payments shall be paid on the first of every month and shall be payable to the
LESSOR.

Failure to pay the rental on the date it is due shall cause the additional
charge of TWO PERCENT a month (or .005%) per week representing
interest computed from the day it is due until actual payment;
 Failure to pay the rental for three (3) weeks, consecutively or
cumulatively, shall cause the automatic cancellation of this contract of
lease, and the confiscation of the Leased Premises without the need of
judicial action.

4. SECURITY DEPOSIT AND ADVANCE RENTAL PAYMENT:

a) Upon the execution of this agreement, the LESSEE shall pay the LESSOR a
security deposit and advanced rental payments to guarantee the LESSEE’s full
and faithful performance of the terms and conditions of this lease. The
LESSEE shall deposit to the LESSOR upon signing of this contract and prior to
move-in the following:

i. Advance Rental Payment equivalent to the rent for ONE (1) MONTH
or the sum of ___________________________________
(Ph ___________); and
ii. Security Deposit equivalent to the rent for TWO (2) MONTHS or the
sum of _________________________________ (Ph __________);

b) The deposit and advanced rental payments shall not be used to cover any
and all unpaid obligations of the LESSEE. The said deposit and advanced
rental payments shall be returned to the LESSEE at the termination of this
contract of lease, less whatever amount might then be owed to the LESSOR,
and without any interest earnings for the entire period of the deposit

c) The deposit and advanced rental payments shall answer partially for
damages and any other obligations, for utilities such as Water, Electricity,
Telephone, and any other utility dues or resulting from violation(s) of any of
the provisions of this contract.

d) In case the unpaid obligation of the LESSEE exceeds the deposit and
advanced rental payments, the LESSOR without the need of judicial action
shall automatically confiscate the Leased Premises being occupied or rented;

5. PUBLIC UTILITIES: During the term of this Contract, the LESSEE shall pay for and
defray all expenses for electricity, water, telephone, and other utility services
which may be provided to, used or consumed by the LESSEE during the duration
of the lease. The LESSEE shall be charged on meter reading and subject to a
corresponding increase whenever the costs of electricity or related charges
increase. In the event of a meter defect, the LESSEE shall be liable to pay the
power charges as thereby determined;

a) The LESSEE has the right to request a copy of any billing statements and
receipts for the payment of electricity, water, telephone, and other public
utility services every month;

6. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent,
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;
7. SUB-LEASE: The LESSEE shall not directly or indirectly sublet, allow or permit the
leased premises to be occupied in whole or in part by any person, form or
corporation, including to any and all family members. Neither shall the LESSEE
assign its rights hereunder to any other person or entity and no right of interest
thereto or therein shall be conferred on or vested in anyone by the LESSEE
without the LESSOR’s written approval;

a) In the event that the LESSOR consents to sublease any part of the leased
premises, LESSEE hereby agrees to remain principally obligated to the
LESSOR for all the terms, conditions, and obligations stipulated in this
agreement. The LESSEE likewise holds the LESSOR free and harmless from
any liability or responsibility of whatever kind or nature, whether financially,
civilly or otherwise, that may result or occur in connection with illegal,
unauthorized or damaging act/s committed by the sub-lessee/s within the
Leased Premises;

8. USE AND CARE OF THE LEASED PREMISES:

a) The Leased Premises shall be used exclusively by the LESSEE as his

residential property and for no other purpose;

b) The LESSEE shall not bring, deposit or store in the Leased Premises any
noxious or flammable material or substance that may constitute a fire
hazard, nor perform or fail to perform any act which may expose the Leased
Premises to fire, or change the fire insurance rate of the property. It is
expressly understood that any violation hereof by the LESSEE shall not only
make the latter responsible for all damages which such violation may cause
the LESSOR or the latter’s other tenants but shall, in addition thereto, give
the LESSOR the right to cancel this Contract.

i. In the event of any violation hereof by the LESSEE which results in

an increase in the rate of fire insurance payable by the LESSOR,
the said increase shall be for the sole account of the LESSEE. The
LESSOR may, but shall not be oblivated to, deduct the amount of
the said increase from the security deposit made by the LESSEE;

9. IMPROVEMENTS AND ALTERATIONS:

a) Unless otherwise expressly agreed upon, all alterations, additions, or

improvements made by the LESSEE on the Leased Premises which cannot be
removed or detached without causing substantial damage to the Leased
Premises, with or without the consent of the LESSOR, shall become the
property of the LESSOR, without any compensation to the LESSEE, upon the
termination of expiration of this Contract. They shall remain in and be
surrendered with the Leased Premises upon such termination or expiration.

b) Notwithstanding the above provision, LESSOR shall have the option to

require the LESSEE to remove any alterations, additions or improvements the
 latter may have made in the Leased Premises, and/or restore the Leased
Premises to its original condition, at the LESSEE’s own expense. The LESSOR
may cause such removal/restoration and charge the cost thereof to the
LESSEE;

10. GENERAL MAINTENANCE, SANITATION, AND REPAIRS: The LESSEE is

responsible for the cost of general maintenance and upkeep of the Leased
Premises. The LESSEE shall keep the Leased Premises in a clean, safe, and
sanitary condition, and introduce all the needed repairs at all times. The LESSEE
shall dispose all its garbage, waste, and other pollutants in accordance with the
rules promulgated by the national or local government. For purposes of this
contract, repairs in amount not exceeding TWENTY THOUSAND PESOS (Ph
20,000.00) per occurrence of repairs shall be considered as minor repairs;

11. GENERAL NON-LIABILITY CLAUSE: The LESSOR shall not be liable for any
damage or injury which may be sustained by the LESSEE or any other person, as
a consequence of the failure, breakage, leakage or obstruction of the water,
plumbing, steam, sewer, waste or soil pipes, roof, drains, leaders, gutters,
valleys, downspouts or the like or of the electrical, gas, power conveyor,
refrigeration, sprinkler, air-conditioning or heating systems; or by reason of the
elements; or resulting from the carelessness, negligence or improper conduction
the part of any other tenant or of the LESSOR or the LESSOR’s or this or any
other LESSEE’s agents, guests, invitees, assignees or successors; or attributable
to any interference with, interruption of, or failure beyond the control of the
LESSOR, or any services to be furnished or supplied by the LESSOR;

12. INSPECTION OF PREMISES: The LESSOR reserves the right to enter and inspect
the Leased Premises at reasonable times and with prior notice. The LESSEE
agrees to cooperate with the LESSOR in keeping the Leased Premises in good
and tenantable condition.

13. LESSOR’S RIGHT OF ENTRY: The LESSOR or its authorized agent shall after
giving due notice to the LESSEE shall have the right to enter the premises in the
presence of the LESSEE or its representative at any reasonable hour to examine
the same or make repairs therein or for the operation and maintenance of the
Leased Premises; or to exhibit the Leased Premises to prospective LESSEE; or for
any other lawful purposes which it may deem necessary.

14. ACTS OF NATURE: In case of damage to the Leased Premises by fire, flood,
lightning, typhoon, storm, earthquake, volcanic eruption, war, riot or any other
unforeseen disabling cause of acts of nature, the LESSEE shall give notice to the
LESSOR within a reasonable time;

15. FORCE MAJEURE: If whole or any part of the Leased Premises shall be destroyed
or damaged by fire, flood, lightning, typhoon, storm, earthquake, volcanic
eruption, war, riot or any other unforeseen disabling cause of acts of nature, as
to render the Leased Premises during the term substantially unfit for the use
and occupation of the LESSEE, then this Contract may be terminated without
compensation by the LESSOR or by the LESSEE by notice in writing to the other;

16. EFFECTIVITY AND RENEWAL OF LEASE CONTRACT: This Contract is for a period
of ONE (1) YEAR. The LESSOR has the prerogative not to renew the Contract.
 However, the LESSEE shall have the first option to renew the Contract if the
LESSOR desires to extend the lease under such terms and conditions to be
agreed upon by the parties, provided the LESSEE notifies the Lessor in writing of
its intention to renew within SIXTY (60) DAYS but not within THIRTY (30) DAYS
prior to the expiration of the contract, otherwise the first option to renew is lost;

a) In the event that no written agreement is made for the renewal of the lease
but the LESSEE continues occupying the Leased Premises, it shall be
understood that the Contract has not been renewed for another term. The
occupancy of the Leased Premises shall be considered a monthly contract
with the monthly rental of _____________________________ (Ph _______________)
and the LESSEE can be required to vacate the premises upon non-payment of
the monthly rental;

17. TERMINATION OF LEASE CONTRACT: The LESSEE can pre-terminate this

Contract by serving written notice thereof upon the LESSOR at least THIRTY (30)
DAYS prior to the intended date of termination;

a) Termination by the LESSEE shall result to forfeiture of the security deposit

and advanced rental payments in favor of the LESSOR;

b) The LESSOR has an absolute right to pre-terminate this Contract for any
cause or reason involving the LESSEE’s violation of the terms and conditions
in this Contract, or for the violation of any rule or regulation of the LESSOR;

18. RETURN OF THE LEASED PREMISES: Upon termination or expiration of this

Contract, the LESSEE shall surrender the Leased Premises, together with the keys
thereto, in clean, good, and tenantable condition as reasonable wear and tear
expected, without any delay whatsoever, devoid of all occupants, furniture,
articles, movable effects of any kind and temporary improvements;

19. FREE AND HARMLESS CLAUSE OR INJURY OR DAMAGE TO THIRD PERSONS:

The LESSEE hereby assumes full responsibility for injury or damage that may be
caused to third person/s and/or their property/ies while remaining in any part of
the Leased Premises, and further bind themselves to hold the LESSOR free and
harmless from any monetary claim or liability of whatever nature for such injury
and damage;

a) In any event, the LESSEE holds the LESSOR free and harmless from any
action, liability, responsibility or any involvement whatsoever that may be
pursued against or implicate the LESSEE by reason of any unlawful or illegal
activity committed within the Leased Premises;

20. ABANDONMENT OF LEASED PREMISES:

a) Abandonment shall be deemed to have taken place if the Leased Premises

should be closed, deserted or vacated for a continuous period of THIRTY (30)
DAYS, which may or may not be coupled with non-payment of rentals, utility
bills, and other charges for the said period of time without prior written
consent or advice of the LESSOR;
b) In the event of abandonment, the LESSOR may be terminate the lease
without need of further notice or formality, and may already lease out the
 property to other interested persons or entities without prejudice to the
LESSEE’s liability for payment for all accrued rental, interest, and other sums
due and payable unto the LESSOR. For this purpose, the LESSEE hereby
names, constitutes, and appoints the LESSOR as his attorney-in-fact, with full
power and authority, including the power of substitution:

i. To enter and/or break open the Leased Premises

ii. To inventory and summarily remove all of the LESSEE’s
belongings, equipment, furniture, and other properties
(collectively, the “Contents”)
iii. The store and/or place, transport or deposit elsewhere the
Contents with the costs thereof chargeable against the LESSEE by
way of additional liquidation damages
iv. To retain and sell the Contents if necessary as security of for the
payment of LESSEE’s obligations under this Contract

21. JUDICIAL RELIEF: In the event of litigation that may arise in this Contract, the
venue of action shall be in the court of Taytay, Rizal, and the LESSOR shall be
entitled to attorney’s fee of TWENTY-FIVE PERCENT (25%) of the amount subject
to the claim but not less than TEN THOUSAND PESOS (Ph 10,000.00), plus cost of
the suit;

22. GENERAL PROVISION: The LESSEE by virtue hereof, hereby abides to all the
existing rules, and policies of the LESSOR and to all future rules and policies that
the latter may adopt for the benefit and welfare of all tenants;

IN WITNESS WHEREOF, the parties hereby affixed their signatures on the date and
place above written.

____________________________ ____________________________
LESSOR LESSEE

Signed in the presence of:

____________________________ ____________________________