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    Contract of Lease 1

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    Nikka Patarata

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    © All Rights Reserved
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    Contract of Lease 1

    Uploaded by

    Nikka Patarata
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    23 views4 pages

    Contract of Lease 1

    Uploaded by

    Nikka Patarata

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    You are on page 1of 4

    CONTRACT OF LEASE

    In Partial Fulfillment of the Requirements in the Course OBLICON 203

    Fyne Rosario

    Nikka Patarata

    Saint Paul School of Professional Studies

    April 2024
    CONTRACT OF LEASE

    KNOW ALL MEN BY THESE PRESENTS:

    This CONTRACT OF LEASE is made and executed at the City of Tacloban,


    this day of March 31, 2024, by and between:

    FYNE ROSARIO, of legal age, single, Filipino and with residence and postal
    address at Block 4 Lot 1 San Lorenzo Ruiz Subdivision Brgy. 95-A Caiba-an,
    hereinafter referred to as the LESSOR.

    -AND-

    NIKKA PATARATA, Filipino and with residence and postal address at Brgy.
    Salvacion Zone 2, Gasdam st. Palo, Leyte, hereinafter referred to as the LESSEE.

    WITNESSETH; That

    WHEREAS, the LESSOR is the owner of The Green Hills, a residential property
    situated at 101 Andrews Ave, Pasay, 1300 Metro Manila;

    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 ONE (1) YEAR. from March 31, 2024 to March
    31, 2025 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
    EIGHTY THOUSAND PESOS (P 80,000.00), Philippine Currency. All rental
    payments shall be payable to the LESSOR during every end of the month.

    4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this
    contract and prior to move-in an amount equivalent to the rent for THREE (3)
    MONTHS or the sum of TWO HUNDRED AND FORTY THOUSAND (P
    240,000.00), Philippine Currency. wherein the two (2) months deposit shall be
    applied as rent for the 11th and 12th months and the remaining one (1) month deposit
    shall answer partially for damages and any other obligations, for utilities such as
    Water, Electricity, CATV, Telephone, Association Dues or resulting from violation(s)
    of any of the provision of this contract.

    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

    1
    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 Fifteen (15) % 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 FIFTY THOUSAND PESOS (P50,000.00) 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.

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

    FYNE ROSARIO NIKKA PATARATA


    LESSOR LESSEE

    Signed in the presence of:

    ARIANE FAYE LOPEZ JOANNAH PAULA


    VILLALUZ

    2
    WITNESS WITNESS
    ACKNOWLEDGEMENT

    Republic of the Philippines


    City of Tacloban, Leyte

    On April 1, 2024, BEFORE ME, personally appeared:

    Name Identification Card Date/Place Issued

    Fyne Rosario SSS ID No. 12333 4-1-24 / Tacloban City


    Nikka Patarata SSS ID No. 12669 4-1-24/ Tacloban City

    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 three (3) pages, 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. 36;


    Page No. 5;
    Book No. 1;
    Series of 2024.

    HAND AND NOTORIAL SEAL

    Atty. NAMI SHOUJIE E. TAMPADONG


    Notary Public

    Until 12/31/2025 – NC No. 2024-03-22


    Roll No. 702123
    IBP No. 123456 – 12/21/2021, Leyte
    PTR No. 9127096 – 01/23/2024 – Tacloban City
    MCLE Compliance No. VII-0004567
    Address; Abc Building, Brgy. Pawing
    Palo, Leyte
    Gmail Add: [email protected]

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