CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE made and entered into this day ________, in Valenzuela
City, Metro Manila by and between:

KELLY GARCIA, of legal age and currently residing in Valenzuela City, hereinafter
referred to as the “LESSOR”

-and-

_______________, of legal age and currently residing in __________________,

hereinafter referred to as the “LESSEE”

WITHNESSETH:

WHEREAS, the LESSOR is the owner of a residential property described as Unit

____________________ located in _________________, hereinafter referred to as the
“LEASED PREMISES”;

WHEREAS, the LESSEE desires to lease the above-mentioned LEASED PREMISES,

and the LESSOR is willing to lease the same unto the LESSEE, subject to the terms and
conditions hereinafter specified:

NOW, THEREFORE, for and in consideration of the foregoing and mutual covenants
herein contained, the LESSOR has let and by these present does hereby let and lease unto the
LESSEE the aforesaid condominium unit and the LESSEE hereby accepts the same by way of
lease, subject to the following terms and conditions:

1. PERIOD OF LEASE - The term of this lease shall be for a period of twelve moths
commencing on May 15, 2020 to May 15 2021. The LESSEE has the option to
renew the lease for the succeeding years upon expiration of this original lease term,
and under the same terms and condition set forth herein, provided the LESSEE gives
the LESSOR written notice of his intention to renew at least sixty (60) days before
the expiration date of the initial lease term and the LESSOR agrees in writing to the
renewal.

2. RENTAL – The LESSEE shall pay, every 5 th day of the month, to the LESSOR the
monthly rental of FIVE THOUSAND PESOS (Php 5,000.00), Philippine currency,
exclusive of Association Dues.

The Lessor shall give the Lessee five (5) calendar days within which to pay the
monthly rental from the date it is due. Failure on the part of the lessee to pay within
such grace period of five calendar days from the due date of the monthly rental
renders the lessee liable for Php250.00 as late fee.

3. PAYMENT TERMS – Upon signing of this Contract, the LESSEE shall pay the
LESSOR:
 a) The amount of FIVE THOUSAND PESOS (Php5,000.00), which shall be paid
in cash or post-dated cheques, and shall remain intact during the lease period, to
serve as SECURITY DEPOSIT.

This security deposit shall cover any unpaid bills of the LESSEE upon
termination of the lease such as for water, electricity, cable or telephone, other
utility bills or damage to the LEASED PREMISES and its furnishing cause by the
fault or negligence of the LESSEE, member of its household, guest, employees
and assigns, excluding natural wear and tear, such amounts shall be deducted
from this security deposit of the LESSEE, and the balance, if any, shall be
refunded to the LESSEE within thirty (60) calendar days from termination of this
Contract and delivery of the PREMISES to the LESSOR. This deposit cannot be
applied or used for rental payment. This security deposit shall not earn interest
while held by the LESSOR

On or before the date of turnover of the leased premises, the LESSOR or

his authorized representative together with the LESSEE, shall inspect the leased
premises in order to determine any damages beyond normal wear and tear caused
by the LESSEE’s fault or negligence and to establish the cost of such damages, if
any, for the purpose of deducting said cost from the security deposit.

b) The ONE (1) month advance rental in the amount of FIVE THOUSAND PESOS
(Php5,000.00) covering the ONE (1) month rent period from April 15 to May 15,
2021.

c) Eleven (11) cheques for the succeeding monthly rentals to cover the remaining
months of the lease period. The initial cheque shall be dated on the date of the
move-in and the rest of the cheques shall be post-dated including the one month
advanced rental referred to in Section 3 (b).

4. WATER, ELECTRIC CURRENT, ETC. – All utility expenses such as for water,
gas, electric current, telephone, cable TV, internet and other similar charges shall be
for the account of the LESSEE.

5. ASSOCIATION DUES - The lessee shall be responsible for the payment of the
association dues each month to the administrative office. Any late payment fee or
charges on account of failure to pay or late payment of the association dues shall be
borne by the lessee.

Any special assessment of the said condominium unit (other than those directly
related to the LESSEE’s use) shall be for the LESSOR’S account.

6. RESIDENTIAL PURPOSE- The LEASED PREMISES shall be used only for

residential purposes and for no other purpose without the prior written consent of the
LESSOR. The LESSEE may not assign or sublease the LEASED PREMISES or any
part thereof without the prior written consent of the LESSOR.

7. IMPROVEMENT, ALTERATIONS – The LESSEE shall not make any major

structural changes, alterations, renovations or improvements, in the LEASED
PREMISES without the written consent of the LESSOR.

However, any major alterations or improvements made or introduced by the LESSEE

on the LEASED PREMISES with the written consent of the LESSOR shall, upon
termination of this Contract of Lease, automatically inure to the benefit of the
LESSOR and become the property of the LESSOR without any obligation on the
latter’s part to pay or refund its value or cost to the LESSEE (the agreement on the

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 cost of the flooring shall be incorporated here upon estimate of the cost as an
exception to this provision).

8. SANITATION, MAINTENANCE & REPAIRS – The LESSEE shall at all times

keep the LEASED PREMISES in clean, sanitary and good tenantable condition.

The LESSEE has inspected the LEASED PREMISES prior to moving in and found
the same to be in good tenantable condition.

The LESSOR shall be responsible for all major repairs on the Leased Premises
caused by ordinary wear and tear costing over FIVE THOUSAND PESOS
(PHP5,000.00) per occurrence.

Minor repairs, including but not limited to the replacement of bulbs and fuses, faucet
handles, cabinet pulls and catches, locks, toilet seats and water tank cover, electrical
switches and outlets, doorknobs, screens, window mechanism and other similar
breakages in the LEASED PREMISES costing FIVE THOUSAND PESOS
(PHP5,000.00) and below per occurrence shall be for the account of the LESSEE.
However, repairs due to the fault or negligence of the LESSEE, members of its
household, guest, or visitors, shall be for the sole account of the LESSEE, regardless
of its cost.

9. FIRE HAZARD AND OBNOXIOUS SUBSTANCE- 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.

10. TAXES AND INSURANCE- Real estate taxes, government assessment and other
related taxes, fire insurance charges and similar expenses shall be for the account of
the LESSOR.

11. CALAMITIES AND OTHER ACTS OF GOD- If the leased premises or any part
thereof is destroyed or rendered untenable by fire, war, civil disturbance, earthquake,
floods, typhoons, or any other calamity, by criminal vandalism, or termite infestation,
the LESSEE shall not be responsible for the restoration of the property, it being
understood and agreed upon by the parties that the LESSOR has the sole
responsibility to provide against such contingency by insurance or other means.

In case the premises become totally destroyed or totally untenable by reason of any of
the causes mentioned above, this lease shall be extinguished and the LESSOR shall
return to the LESSEE or his representative the security deposit and unapplied or
unused rentals with no further obligation on the part of the LESSEE to pay rent.

In the event, however, that the premises are only partially destroyed or rendered
untenable, the LESSEE may elect to either terminate this lease after giving written
notice to the LESSOR at least ten (10) days in advance with the same consequences as
those in case of total destruction, or to remain in the premises and pay a
proportionately reduced rent, acceptable to the LESSOR.

12. THIRD PARTY LIABILITY- The LESSEE during its occupancy of the LEASED
PREMISES shall hold the LESSOR free and harmless from any damage, liability or
responsibility to any person or property arising out of or as a direct consequences of
the use of the LEASED PREMISES by the LESSEE, his agent, employees, domestic
help or guest. When such damages or liability is caused by fortuitous events or acts of
God, such as typhoons, earthquakes, explosions, floods etc., which are beyond the
control of the LESSEE, the latter shall not be liable to the LESSOR.

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13. SALE, TRANSFER, MORTAGE- The LESSOR reserves the right to mortgage,
sell, transfer, or otherwise dispose of the property provided that the LESSEE’s right
under his lease as provided in this Contract and under the law are respected. The
LESSEE binds himself to allow the LESSOR or its authorized representatives to enter
the premises together with prospective buyers, at reasonable hours and with prior
witten notice.

14. RULES AND REGULATIONS – The LESSEE agrees to abide by the existing rules
and regulations promulgated by the Condominium. Association and any other law,
ordinances, rules and regulations affecting the LEASED PREMISES.

15. INSPECTION OF PREMISES- Subject to the provisions of Paragraphs 7 and 8

hereof, the LESSEE shall maintain the LEASED PREMSIES in clean, good and
tenantable condition, ordinary wear and tear expected. For such purpose, the
LESSOR or his duly authorized representative reserves the right to enter the
LEASED PREMISES at reasonable hours of the day and with prior notice, in order to
inspect the LEASED PREMISES and to make necessary repairs thereof, if needed.

16. RETURN OF LEASE PREMISES- Upon the termination of this lease contract, the
LESSEE shall immediately vacate the LEASED PREMISES and peacefully return
possession thereof to the LESSOR. Sixty (60) calendar days prior to the termination
of this lease, the LESSOR may show the premises to prospective tenants at
reasonable hours and with prior notice.

The premises shall be returned by the LESSEE to the LESSOR in the same good,
clean and tenantable condition as it was turned over to the LESSEE at the beginning
of this lease, ordinary wear and tear expected.

17. PRE-TERMINATION – This Contract of lease may be terminated by the LESSEE

provided that the LESSEE shall give prior notice of such termination to the LESSOR
at least sixty (60) calendar days prior to the date of cancellation.

In the event of cancellation or pre-termination of this Contact of Lease during the

Leased period, except due to force majeure, the advance rent equivalent to one
month period or Php5,000.00 shall be forfeited in favor of or to be paid to the
LESSOR as liquidated damages upon termination of the Lease Contract and the
security deposit shall be refunded in such amount after applying Section 3.a hereof.

18. WAIVER OF RIGHTSL, AMENDMENTS OF CONTRACT- Failure or delay of

either party to insist once or in several instance on the strict performance by the other
party of any stipulation or condition in this contract and/or exercise of any right or
option herein shall not be construed as abandonment, withdrawal, waiver nor
cancellation of such conditions, stipulation, right or option. Any amendment to this
LEASE OF CONTRACT shall be made in writing and shall be signed by both parties
for such amendment to be effective.

19. OTHER OBLIGATIONS OF THE LESSEE:

a. They shall provide copies of government-issued identification cards (IDs) to the

Lessor or to his duly authorized representatives.
b. Provide the list of the names of the other occupants who are not parties to this
Contract
c. They shall not change or add the front locks of the unit.

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 IN WITNESS WHEREOF, the parties have hereunto set their hands this day of
________________ in Valenzuela City Philippines.

______________________________ ________________________
KELLY GARCIA (LESSOR) LESSEE

WITNESSED BY:

______________________________ ____________________________