LEASE CONTRACT

 
KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of _____, this day of
_______________, 20____, by and between:
 
   , of legal age, 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 Unit ____ at ____ Floor of____________, THE LEASED
PREMISES, a residential property situated at ________________________;
 
WHEREAS, the LESSOR agrees to lease-out the property to 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
 
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 _________ (___) _________, from ____________ to _____________
inclusive. Upon its expiration, this lease may be renewed under such terms and conditions as
my be mutually agreed upon by both parties, written notice of intention to renew the lease
shall be served to the LESSOR not later than sixty (60) days prior to the expiry date of the
period herein agreed upon.

3. OCCUPANTS: Maximum occupancy for the Unit shall be _______ (___) persons.
 
4. RENTAL RATE:   The monthly rental rate for the leased premises shall be in the amount of
______________________________________________ PESOS, in Philippine Currency
(Php ___________) including association dues.

The payment of rental shall be in advance equivalent to __________________________________

PESOS, in Philippine Currency (Php ___________) applicable to ____________ until ____________
plus ___________ (___) postdated checks dated every _____ day of every calendar month
beginning ___________________ to ___________________. All rental payments shall be payable to
the LESSOR.
 
5. SECURITY DEPOSIT:   That the LESSEE shall deposit to the LESSOR upon signing of this
contract and prior to move-in an amount equivalent to two (2) months’ rent or the sum of
__________________________________ PESOS, (Php ___________) Philippine Currency, as security
for the faithful compliance by the LESSEE of all terms and conditions of this Contract and for
the return of the Unit in good and proper condition, and to answer for any and all repairs or
damages to the Unit and other liabilities of the LESSEE under this contract. This security
deposit cannot be applied by the LESSEE to any unpaid rental(s) or to any other liability of the
LESSEE to the LESSOR. The security deposit shall, unless the same is subject to forfeiture
under this Contract, be refunded to the LESSEE, without any interest thereon, within sixty (60)
days after the expiration of the lease and after the LESSEE has moved-out of and vacated the
Unit, whichever is late.

6. DEDUCTIONS TO SECURITY DEPOSIT AND OTHER CHARGES: The following charges

will be deducted from the security deposit, if applicable unpaid rent; unpaid utilities;
unreimbursed advances; repairs or damages to the Unit caused by negligence, carelessness,
accident, or abuse, including stickers, scratches, tears, burns, stains, or unapproved holes;
replacement cost of LESSOR’s property that was in or attached to the Unit and is missing;
utilities for repairs or cleaning (e.g., grease trap and air conditioning should be cleaned
regularly); trips to let in LESSOR’s representatives to remove your telephone or cable TV
services or rental items (if LESSEE so request or has moved out); trips to open the Unit when
LESSEE or any guest or occupant is missing a key; unreturned keys; missing or burned-out
light bulbs; removing or rekeying unauthorized security devices; packing, removing, or storing
property removed or stored pursuant to this contract; removing illegally parked vehicles; trash
removal; government fees or fines against LESSOR for LESSEE’s violation of laws, decrees or
ordinances; late-payment and returned-check charges; or in any valid eviction proceeding
against you, plus attorney’s fees, court costs, and filing fees actually paid; charges for replacing
all keys if LESSEE fails to return them on or before actual move-out date; and other sums due
under this Lease Contract.

7. 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 and may forfeit whatever rental deposit or advances have been given by the
LESSEE.
 
8. 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, 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.
 
9. PUBLIC UTILITIES:   The LESSEE shall pay for its telephone, electric, cable TV, water,
Internet, and other public services and utilities during the duration of the lease.
 
10. FORCE MAJEURE:   If whole or any part of the leased premises shall be destroyed or
damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any other unforeseen
disabling cause of acts of God, as to render the leased premises during the term substantially
unfit for use and occupation of the LESSEE, then this lease contract may be terminated
without compensation by the LESSOR or by the LESSEE by notice in writing to the other.

11. PROHIBITIONS: The LESSEE shall not bring or store in the leased premises the
following:

a) Contraband of any kind

b) Illegal/dangerous drugs
c) Illegal/firearms/explosives, etc.
d) Subversive materials
e) Inflammable goods of articles
f) Other illegal activities

12. ALTERATIONS: The LESSEE agrees not to introduce any improvements or make any
alterations in or to the Unit. The LESSEE agrees not to alter, damage, or remove LESSOR’s
property, including but not limited to furniture, fixtures, utility wiring, windows, locks, keys,
and security devices. No holes are allowed inside or outside the Unit. Only items using non-
permanent or removable adhesive strips or tapes may be placed on the walls, floors, or ceiling
of the Unit. Any improvements to the Unit (with or without LESSOR’s consent) shall become
property of the LESSOR unless agreed otherwise in writing.
 
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 building or to exhibit the leased premises to prospective
LESSEE, or for any other lawful purposes which it may deem necessary.

14. PRE-TERMINATION: LESSEE cannot pre-terminate the lease. Pre-terminating the lease
will result in the automatic forfeiture as liquidated damages the LESSEE’s security deposit.
 
15. EXPIRATION OF LEASE:   At the expiration of the term of this lease or cancellation
thereof, as herein provided, the LESSEE will promptly deliver to the LESSOR the leased
premises with all corresponding keys and in as good and tenable condition as the same is now,
ordinary wear and tear expected devoid of all occupants, movable furniture, articles and effects
of any kind. Non-compliance with the terms of this clause by the LESSEE will give the LESSOR
the right, at the latter's option, to refuse to accept the delivery of the premises and compel the
LESSEE to pay rent therefrom at the same rate plus Twenty Five (25) % thereof as penalty until
the LESSEE shall have complied with the terms hereof.  The same penalty shall be imposed in
case the LESSEE fails to leave the premises after the expiration of this Contract of Lease or
termination for any reason whatsoever.
 
16. JUDICIAL RELIEF:   Should any one of the parties herein be compelled to seek judicial
relief against the other, the losing party shall pay an amount of One Hundred (100) % of the
amount clamed in the complaint as attorney's fees which shall in no case be less than
P50,000.00 pesos in addition to other cost and damages which the said party may be entitled
to under the law.

17. PENALTY: LESSEE agrees to pay to LESSOR a penalty on any amount due under this
Contract which remains unpaid on due date thereof at the rate of two percent (2%) per month,
compounded monthly, to be computed from the date of delinquency until such amount is paid
in full. A fraction of a month shall be considered as one (1) month for purposes of computing
said penalty.  

18. REMEDIES FOR BREACH: If the LESSEE violates any of the terms or conditions of this
Contract, the LESSOR may, in addition to any other remedies or recourse prescribed by law,
pursue any or all of following remedies, simultaneously or successively, as follows:

(a) To terminate this Contract of Lease without the need of any prior notice, demand or
judicial declaration;

(b) To immediately repossess the Unit without the necessity or instituting any judicial or
court action. In this connection, the LESSEE hereby names, constitutes, and appoints
the LESSOR, its authorized agents, employees, and/or representatives, as its attorney-
in-fact, with full power and authority, to open, break-open, padlock, enter, occupy,
secure, the Unit, to clean up, make repairs in, and relet the Unit, remove property left
in the Unit and to take such other steps and employ such other means to enable the
LESSOR to take full and complete physical possession and control of the Unit, barring
the LESSEE from entering the Unit.

The LESSEE hereby expressly stipulates and agrees that any or all acts done or performed by
the LESSOR, its authorized agents, employees and/or representatives under the preceding
provision may not be the subject of any petition for a temporary restraining order or writ of
preliminary injunction or mandatory injunction in court, and that the LESSOR and/or its
authorized agents, employees, or representatives will be free and harmless from any civil
and/or criminal liability or responsibility therefor.

(c) To suspend or disconnect the electric and/or or water supply and other utility services
to the Unit by whatever means without incurring any civil and/or criminal liability or
responsibility for the same.

(d) To demand and receive from the LESSEE payment for any and all unpaid rentals, fees,
charges, damages, and other financial obligations stipulated in, or arising out of this
Contract;

(e) To automatically forfeit the Security Deposit in its favor.

19. 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.
 
 
 
                             
LESSOR                                                LESSEE
 
Signed in the presence of:
 
 
_____________________________                  ______________________________

 
ACKNOWLEDGEMENT
 
Republic of the Philippines)
_________________________) S.S
 
BEFORE ME, personally appeared:
 
   Name                                 CTC/Passport             Date/Place Issued
 
     

 
Known to me and to me known to be the same persons who executed the foregoing instrument
and acknowledged to me that the same is their free and voluntary act and deed.
 
This instrument consisting of ____ page/s, including the page on which this acknowledgement
is written, has been signed on each and every page thereof by the concerned parties and their
witnesses, and sealed with my notarial seal.
 
WITNESS MY HAND AND SEAL, on the date and place first above written.
                                                                    
                                                                                      
Notary Public
 
Doc. No.______;
Page No. ______;
Book No.______;
Series of 20___.