Contract of Lease 1

LEASE CONTRACT
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT OF LEASE is made and executed at the Municipality of Barotac

Nuevo, Province of Iloilo, this day of _______________, 2017, by and between:
________________________, of legal age, single/married to

_____________________ (if any), Filipino, and with residence and postal address
at ___________________________________, hereinafter referred to as the
LESSOR.
-AND-
________________________, of legal age, single/married, Filipino and

with residence and postal address at ___________________________________,
hereinafter referred to as the LESSEE.
WITNESSETH; That
WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a

residential property situated at Brgy. Ilaya Poblacion, Barotac Nuevo, Iloilo;
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 SIX (6) MONTHS. from ______________ to
______________ inclusive. 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 monthly rental rate for the leased premises shall be in
PESOS: FIVE THOUSAND PESOS (P 5,000.00), Philippine Currency. All rental
payments shall be payable to the LESSOR.
4. DEPOSIT & ADVANCE: That the LESSEE shall pay to the LESSOR upon signing
of this contract and prior to move-in an amount equivalent to the rent for ONE (1)
MONTH DEPOSIT AND ONE (1) MONTH ADVANCE or the sum of PESOS: TEN
THOUSAND PESOS (P 10,000.00), Philippine Currency. wherein the one (1) month
deposit shall be applied as rent for the 6th month and the remaining one (1) month
advance shall answer for the rental for the month of January 2017.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
11. 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 claimed 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.
12. This CONTRACT OF LEASE shall be valid and binding between the parties, their
successors-in-interest and assigns.
2
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 )

Province of Iloilo ) S.S
Municipality of Barotac Nuevo )
BEFORE ME, personally appeared:
Name ID Number 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.
Doc. No.______;
Page No. ______;
Book No.______;
Series of 2017.

Contract of Lease 1

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LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the Municipality of Barotac

________________________, of legal age, single/married to

________________________, of legal age, single/married, Filipino and

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a

NOW THEREFORE, for and in consideration of the foregoing premises, the

TERMS AND CONDITIONS

5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the

10. EXPIRATION OF LEASE: At the expiration of the term of this lease or

Signed in the presence of:

Republic of the Philippines )

BEFORE ME, personally appeared:

Name ID Number Date/Place Issued

_________ _ ______

Known to me and to me known to be the same persons who executed the

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