CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENT:

This contract of lease made and executed into this _____________________, 2022 in Quezon
City, Metro Manila, by and between WALLACE Y. MEDINA, married to ESTHER U. TAN MEDINA of legal
age, Filipino and resident of No. 11 Narra Street, Project 3, Quezon City, hereinafter is referred to as the
LESSOR and CHAN WING KHEONG, of legal age, Malaysian, and with address at Negeri Sembilan,
Malaysia, hereinafter to as the LESSEE.

WITNESSETH:

Whereas, the LESSOR is the absolute and registered owner of the condominium unit located at
Unit 8-C Sarasota 1, Newport City, Pasay City, including the furnishing, appliances and pieces of furniture
found therein, a list of which is attached hereto as Annex “A” and made internal herein. Said
condominium unit, including the furnishings, appliances and pieces of furniture found therein, is
hereinafter collectively referred to as the PROPERTY; and

WHEREAS, the LESSOR has agreed to lease the said property to the LESSEE, subject to certain
terms and conditions and the LESSEE has agreed to lease the said PROPERTY, less the exclusions, from
the LESSOR’s under the same terms and conditions.

NOW THEREFORE, for and in consideration of the foregoing premises and the faithful
compliance by the LESSEE of terms and conditions herein under specified, the LESSOR’s does hereby
transfer and convey by way of lease, the said PROPERTY, unto the LESSEE subject to the following terms
and conditions:

1. TERM: The term of this Lease shall be for a period of six months (6) months commencing
from __________________ 2022 and ending on ___________________2022 renewable
upon mutual agreement on an annual basis thereafter.
2. RENTAL: The monthly rental rate for the above mentioned period shall be FOURTY
THOUSAND PESOS (40,000.00) Philippine Currency. The rent for the PROPERTY for the entire
lease period shall be paid in advance upon signing of this contract; hence the amount TWO
HUNDRED FOURTY THOUSAND PESOS (240,000.00) shall be payable upon the signing of this
contract of lease.
3. DEPOSIT: The LESSEE’s security deposit in the amount equivalent to two (2) month’s rent, or
the aggregate amount of the EIGHTY THOUSAND PESOS (P80,000.00), shall also be remitted
upon signing of this contract. This security deposit shall cover, Upon the termination and/or
expiration of this agreement unpaid utility charges and for damages to the property,
including the furnishings, appliances and pieces for furniture found therein, accasioned by
the fault or negligence of the LESSEE, save hose caused by ordinary wear and tear or
fortuitous event. The said deposit less the appropriate deduction shall be refunded within
sixty (60) days from expiration and/or termination of the lease, provided the LESSEE shows
written proof to the LESSOR’s that bills been accounted for.
4. USE & EXCLUSIVITY OF THE PREMISES : The leased PROPERTY shall be used for residential
purpose only and for no other purpose unless duly authorized by a written consent of the
LESSOR’s, and its use shall be limited to four (4) occupants only. The LESSEE shall not use the
leased premises for any illegal, unlawful, or immoral activities. The LESSEE and/or his
household members and guests warrant that they shall abide by the house rules, policies
and regulations of the Homeowner’s Association.
5. UTILITIES AND OTHER SERVICES: The LESSEE shall be responsible for the payment of all
utility charges such as electricity, water, telephone, cable television, internet, and any other
utility charger incurred during the term of this contract, as well as, for the homeowner’s
association dues. In the event the LESSEE should fail to pay the cost of any utility and service
charger’s, the LESSOR’s is hereby authorized and empowered by the LESSEE to cause the
termination of any or all of the utility services extended to the leased premises and the
LESSEE does hereby undertake and bind himself to keep the LESSOR’s free and harmless
from and against any cost, expense, loss or damage; and defend at her own expense, any
and all suits against the LESSOR’s that may arise in connection with or as a consequence of
such termination.
6. REPAIRS, SANITATION, FIRE HAZARDS & OBNOXIOUS SUBSTANCES: Any damage to the
PROPERTY due to the negligent use of the PROPERTY, including the furnishings, appliances
and pieces for furniture found therein, by the LESSEE, members of his household, or his
guests, shall be for the account of the LESSEE. In the event of the force majeure or any
fortuitous event that cause damage, repairs shall be for the account of the LESSOR’s. The
LESSEE shall keep the premises clean and in sanitary condition and shall keep the premises
in good and tenantable condition at all times. Animal husbandry is prohibited inside the
premises at all times. The LESSEE shall not keep or deposit or store, or consent to keep,
deposit or store obnoxious substance, inflammable materials, or any other materials, or
substances considered as fire hazards or nuisances.
7. MAINTENANCE & SUB-LEASE: Prior to the execution of this contract, the leased PROPERTY,
including the furnishings, appliances, and pieces of furniture found therein, was inspected
by both the LESSOR’s and the LESSEE and same was found to be in good tenantable
condition. The LESSEE shall at all time keep the leased premises in the same good and
tenantable condition, and ensure that no break-in will occur in the locked mini-store and
locked storage shed. For this purpose, the LESSOR’s may at reasonable times and with
twenty-four (24) hour prior notice, enter the leased premises to examine its condition. The
LESSEE shall not sublease the subject property without the written consent of the LESSOR.
8. RETURN OF THE LEASED PROPERTY: Upon the expiration of this lease or any renewal hereof,
the LESSEE shall peacefully vacate the leased premises and restore possession thereof to the
LESSOR’s in the same condition as it was at the time of delivery, save what has been lost or
impaired by the lapse of time, by ordinary wear and tear or by fortuitous event.
9. THIRD PARTY LIABILITY: The LESSEE during occupancy of the leased PROPERTY shall hold the
LESSOR free, safe and harmless from any and all damages, liability or responsibility for
personal injury to any person or damages to the property occurring in and arising exclusively
from or as direct consequence of the use of the said property by LESSEE, his agents,
employees, domestics help and guests.
10. PRE-TERMINATION: Should the LESSEE breach any of the terms and conditions herein
stated, or abandon the premises, or pre-terminate the foregoing contract for one reason of
another prior to the natural expiration of the term of this agreement, the above mentioned
deposit shall be forfeited in favor of the LESSOR’s and will be treated as liquidated damages.
Should the LESSOR’s make use of the subject PROPERTY for any reasons, LESSEE shall be give
three (3) month’s time for eviction.
11. TERMINATION OF THE LEASE AND/OR BREACH THEREOF: The LESSEE agrees to return and
surrender the leased premises at the expiration of the term of the lease in good conditions
as reasonable wear and tear will permit and without any delay whatsoever. In the event that
the LESSOR’s has legal grounds to cause the ejectment of the LESSEE at any time during the
term of this lease, the LESSOR’s will have the authority to take possession of the leased
premises to the exclusion of the LESSEE without the need of judicial authorized attorney-in-
fact with power and authority to cause the leased premises to be opened in the presence of
the police officer or any barangay to take inventories of the LESSEE’s, ,merchandise,
equipment, furniture, etc and to the place the same in LESSOR’s bodega or any storage area
so that the LESSOR can take full possession of the leased premises. Upon failure
indebtedness the LESSEE may have to the LESSOR’s. Any balance that may remain thereafter
shall given to the LESSEE, who further agrees that LESSOR’s shall not incur civil and/or
criminal liability by reason thereof. The failure on the part of the LESSEE to comply with
terms and conditions set forth in this contract shall authomatically cause its termination and
authorize the retaking of possession by the LESSOR’s. In such event, any and all payments
already made by the LESSEE to the LESSOR’s shall be deemed forfeited in favor of LESSOR.
12. CARE & MAINTENANCE OF FURNITURE & APPLIANCES: The LESSEE shall maintain the
LESSOR’s furniture and appliances in usable condition. Repairs of damaged pieces of
furniture and/or appliances shall be for the account of the LESSEE. The cost of repairs of
such furniture and/or appliance undertaken by LESSOR’s as well as the cost of such furniture
and/or appliances in case of loss, shall be chargeable to the LESSEE’ s deposit, should the
latter refuse to reimburse the former for such costs.
13. NON- WAIVER OF RIGHTS; AMMENDMENT OF CONTRACT: Failure of delay of either pay to
insist once or in several instances on the strict performance by the other party of any
stipulation or condition of this contract and/or exercise or any right or option herein shall
not be construed as abandonment, right or portion. Any amendment to be effective shall be
made in writing and shall be signed by both parties for such amendments to be effective. All
terms and conditions of this contract shall be binding upon the heirs, executors,
administrators, principals, successors and assigns of the parties thereof.
 IN WITNESS THEREOF, we have here unto signed this contract of lease, this _______ day of
___________ 2022 at Quezon City, Metro Manila, Philippines.

WALLACE Y. MEDINA ESTHER U. TAN MEDINA

LESSOR LESSOR

CHAN WING KHEONG

LESSEE

Singed in the presence of:

___________________________ _________________________

ACKNOWLEDMENT

REPUBLIC OF THE PHILIPPINES )

QUEZON CITY)

BEFORE ME, this day of _______________ 2022, a Notary Public for and in the Quezon City,
personally appeared WALLACE Y. MEDINA AND CHAN WING KHEONG, respectively exhibiting their
respective identifications ___________________________ , and Malaysian Passport No. A40034005,
April 12, 2022; to me known to be the same persons who executed the foregoing contract of lease and
acknowledged that they executed the same, as their free act and deed.

This instrument, consisting of four (4) pages, including the page on which this acknowledgment
is written, has been signed by the parties and their witness, and sealed by my notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand, the day, year and place above written.

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