LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This Contract made and executed by and between:

of legal age, Filipino, married and with postal

address at (Insert Address ng owner/lessor here) , hereinafter referred to as
the LESSOR;
- and -

, likewise of legal age, Filipino, and with postal

address at (Insert Address ng uupa here), hereinafter referred to as the
LESSEE.

WITNESSETH, THAT:

WHEREAS, the LESSOR is the owner of an *choose one* (apartment

unit/condo/house/room) situated at (Insert property address here) with an area of (insert
square meter ng property here) square meters, more or less;

WHEREAS, the LESSEE desires to lease the said property, and the LESSOR is
willing to lease the same to the LESSEE;

NOW THEREFORE, for and in consideration of the foregoing premises, and the
mutual covenants and stipulations herein set forth, the LESSOR hereby leases unto the
LESSEE its (insert ulit *choose one* apartment unit/condo/house/room) at (insert
address), (hereinafter referred to as the “LEASED PREMISES”) and the LESSEE hereby
accepts from the LESSOR the leased premises, subject to the following terms and
conditions:

I. TERM OF THE LEASE: The term of the lease shall be ONE (1) YEAR to
commence on (insert start of contract date here) and until (insert end of contract date
here), unless earlier terminated for causes provided in this Contract.

If the LESSEE desires to renew this Contract or extend the term of the lease, he/she shall
inform the LESSOR of such intention at least thirty (30) days prior to the expiration of
the lease term. The renewal of the contract or the extension of the term of the lease shall
be subject to the approval of the LESSOR and on such terms and conditions as may be
mutually agreed upon by both parties. Any renewal of the contract or extension of the
term of the lease shall be covered by a separate contract to be executed by the parties.

If the LESSEE continues to occupy the leased premises after the expiration of the term of
the lease without informing the LESSOR of his/her intention to renew the contract or to
extend the lease term pursuant to the immediately preceding paragraph, this Contract of
Lease shall be deemed renewed and extended only from month to month, and under the
same terms and conditions herein stipulated until such time that a new contract of lease
shall have been executed by the parties.

In the event of the expiration of the term of the lease without renewal or extension
having been agreed upon by the parties in accordance with the immediately preceding
paragraph, the LESSEE hereby agrees to peacefully surrender and deliver the possession
of the leased premises to the LESSOR including any permanent improvement(s) thereon.

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II. RENTAL: The monthly rental for the leased premises shall be *INSERT RENT
AMOUNT HERE IN WORDS* (PHP0,000.00 – Insert Rent Amount Here in Numbers),
due and payable every 10th day of the month.

Upon the execution of this Contract, the LESSEE shall deliver to the LESSOR the
amount of be *INSERT RENT AMOUNT HERE IN WORDS* (PHP0,000.00 – Insert
Rent Amount Here in Numbers), as advance rental payment to be applied for the first
month of the lease.

III. DEPOSIT: The LESSEE shall also deliver to the LESSOR the amount of be
*INSERT RENT AMOUNT HERE IN WORDS* (PHP0,000.00 – Insert Rent Amount
Here in Numbers), equivalent to one-month rental as security deposit, and *insert
additional security deposit for bill naman if need mo (additional security deposit amount
in numbers ex P1,000.00) to answer for any unpaid utility bills such as but not limited to
water and electricity, as well as for extraordinary damages to the leased premises, and
such other damages which the LESSOR may sustain as a result of the LESSEE’s
violation(s) of any of the provisions of this Contract, which amount shall be paid upon
the execution of this contract.

The amount of the security deposit shall also be subject to an increase in the event of an
increase of monthly rentals as stipulated in the last paragraph of Article II hereof, at such
rate equivalent to the rate of increase of the monthly rentals. In case of said increase, the
LESSEE shall deliver to the LESSOR the additional amount of security deposit within 5
days from notice.

It is hereby understood that the security deposit shall not, in any way, be applied in
payment of utility bills or rentals during the effectivity of this Contract but shall only be
applied in payment of such utility bills or rentals which may be left unpaid upon the
expiration of the period of this Contract or upon the termination of the lease . The deposit
for the utilities or any balance thereof shall be refunded to the LESSEE, without interest,
within sixty (60) days from the date of the termination of this contract or the expiration of
the term of the lease, after verifying that there are no claims chargeable against the same,
and after the LESSEE vacated the leased premises. If the LESSEE will pre-terminate the
contract, the deposit may be forfeited by the LESSOR.

IV. PURPOSE/S: The LESSEE shall exclusively use the leased premises for residential
purposes only and shall be occupied by not more than four (Insert mo dito maximum
number na pwede tumira sa property) persons. The LESSEE is strictly prohibited from
using the leased premises for any other purpose without the written consent of the
LESSOR. Should the LESSEE utilize the leased premises for another purpose without
first securing the written consent of the LESSOR, the latter may exercise its right to
rescind this contract and immediately recover the possession of the leased premises from
the LESSEE.

The leased premises shall not in any way be utilized for any illegal or criminal
activity/ies, especially activities pertaining to illegal drugs.

V. SUB-LEASE: The LESSEE shall not directly or indirectly sublet, allow or permit
any person, firm, or corporation, to occupy in whole or in part, the leased premises, and
neither shall the LESSEE assign or transfer his/her rights hereunder to any other person
or entity, under any circumstance whatsoever, and any such contract made in violation of
this provision shall be null and void and shall give right to the LESSOR to rescind this
contract.

VI. UTILITIES: The LESSEE shall pay for all water, electricity and other utility
services in the leased premises, as well as the minor repairs in the utility system that may

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occur, during the term of the lease and until such period that the LESSEE vacates or
surrender the leased premises to the LESSOR.

VII. REPAIRS AND MAINTENANCE OF THE LEASED PREMISES: The

LESSEE hereby acknowledges delivery of the leased premises in good and tenantable
condition and agrees to keep the same in such condition during the term of the lease. All
major repairs of the leased premises like damages as a result of roof leak, busted water
pipes, and alike shall be for the account of the LESSOR. But minor repairs like repairs
for damage on the handles of the cabinets, and similar minor damages shall be shouldered
by the LESSEE.

VIII. IMPROVEMENTS OR ALTERATIONS ON THE LEASED PREMISES: The

LESSEE shall not introduce any improvement or make any alterations in the leased
premises without the prior written consent of the LESSOR. In the event that the LESSOR
allows the LESSEE to introduce improvements or alterations on the leased premises, it is
hereby understood that upon the expiration or termination of the lease, those
improvements or alterations which are permanently attached to the leased premises or
forming an inseparable part thereof shall become the exclusive property of the LESSOR
without any obligation on the part of the LESSOR to refund the cost or value of such
improvement(s), while the improvements which are not permanently attached to the
leased premises and which can be removed without injuring or defacing the leased
premises shall be removed by the LESSEE.

IX. HAZARDOUS MATERIALS/ARTICLES: The LESSEE shall not bring in or store

in the leased premises any flammable or explosive goods or any article that may expose
the leased premises to fire. Neither shall the LESSEE bring in or store in the leased
premises any material, apparatus, machinery, or equipment, which may emit obnoxious
odors, pollution, or other hazardous elements. The LESSEE shall be solely accountable
for any damage or injury caused to persons or things, as a result of the conduct of its
business in the leased premises, or as a result of its violation of this provision.

X. LESSOR'S RIGHT OF ENTRY: After giving due notice to the LESSEE, and in
the presence of the LESSEE or its representative, the LESSOR or its authorized agent,
may enter the leased premises 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 the
LESSOR may deem necessary.

XI. COMPLIANCE WITH LAWS AND REGULATIONS: The LESSEE shall

comply with all laws, ordinances, rules, regulations, and orders, promulgated by the
proper government authorities concerning the use, occupation and sanitation of the leased
premises. Non-compliance therewith shall be a cause for the rescission of this contract
and termination of the term of the lease.

XII. DEFAULT IN THE PAYMENT OF MONTHLY RENTAL: In case the

LESSEE defaults in the payment of rentals, as when he/she fails to pay the rentals on the
date it fell due, the LESSOR is hereby given the right to rescind this contract and to
immediately terminate the term of the lease and thereafter to enter into the leased
premises and recover the possession thereof from the LESSEE.

The amount of unpaid rent shall automatically bear interest at the rate of two percent
(2%) per month, to be computed monthly, from the date of default until full payment
thereof.

XIII. RESCISSION and PRE-TERMINATION OF THE TERM OF LEASE: This

Contract is deemed automatically cancelled and terminated if the LESSEE becomes
insolvent, or if he/she defaults in the payment of the monthly rentals as provided in

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paragraph XII hereof, or in case he/she fails or neglects to comply with any of the terms
and conditions of this Contract.

In such event, the LESSEE shall peacefully vacate the leased premises and failure to do
so shall give the LESSOR the right to immediately take over and enter the leased
premises, without prejudice to any other rights and remedies which the LESSOR may
avail under this contract and under the law. If the LESSEE terminates this contract
without fault of the LESSOR, the deposit may be forfeited by the LESSOR.

XIV. EXPIRATION OF LEASE: At the expiration of the term of this lease or the
cancellation thereof, the LESSEE shall promptly deliver to the LESSOR the leased
premises with all the keys and in a good and tenantable condition as the same is now,
except for ordinary wear and tear, devoid of any occupant/s, movable furniture, articles
and effects of any kind.

XV. FORCE MAJEURE: In the event that the leased premises be destroyed or
damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any other
unforeseen cause, which render the leased premises substantially unfit for use and
occupation by the LESSEE, this lease contract may be terminated upon agreement by the
parties, without compensation by the LESSOR or by the LESSEE, by serving a written
notice to the other party within ten (10) days from the occurrence of the event.

This Contract of Lease, however, shall subsist if the damage caused to the leased
premises is not substantial and can be repaired within a reasonable time. In such case, the
LESSEE shall repair the damage/s within a period of sixty (60) days from notice of the
event, and the LESSOR is hereby given the right to enter the leased premises for
purposes of inspecting the repairs and construction.

If the leased premises cannot be fully utilized in view of the repair being conducted
therein, the LESSEE shall only pay the rental in proportion to the number of days that
he/she has occupied the leased premises. If the LESSEE, however, can still utilize the
leased premises despite the on-going repair, the LESSEE shall pay the monthly rental.

In the event the LESSOR fails to repair the leased premises within the sixty-day period,
the LESSEE is hereby given the option to terminate this Contract without liability on the
part of the LESSOR except to return the security deposit to the LESSEE in accordance
with the provisions of Article III hereof.

XIV. LESSOR NOT LIABLE FOR DAMAGES AND INJURIES: The LESSOR
shall not be liable for any loss or damage on the goods, merchandise, or other property of
the LESSEE on the leased premises, or to any loss, damage, or injury to persons, arising
from the use of the leased premises by the LESSEE.

XV. WAIVER: The failure of the LESSOR to insist upon strict performance of any of
the terms, conditions and covenants hereof shall not be construed as a waiver or
relinquishment of any of its rights or remedies nor shall it be construed as a waiver of any
subsequent breach or default of the terms and conditions of this Contract, which shall be
deemed in full force and effect. No waiver by the LESSOR shall be deemed to have been
made unless expressed in writing and signed by the LESSOR.

XVI. LIQUIDATED DAMAGES: If it shall become necessary for the LESSOR to

resort to court action in order to enforce its right/s under this contract, the LESSEE
hereby agrees to pay liquidated damages, as determined by the Court, in addition to the
cost of suit and other legal fees that may be allowed by the Court.

XVII. VENUE OF ACTION/S: Any action, dispute, or controversy, arising out of this
Contract, shall be instituted before the proper courts of the City of ___________.

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XVIII. PREVIOUS AGREEMENT SUPERSEDED: This Contract shall supersede
and render void any and all agreements and understanding, oral and/or written, previously
entered into by the parties covering the leased premises, and this contract may not
hereafter be modified or altered except by another instrument in writing duly signed by
the parties.

This CONTRACT OF LEASE shall be valid and binding between the parties,
their successors-in-interest and assigns.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures

this (Insert today’s date here) in _______________, Philippines.

LESSOR LESSEE

Signed in the presence of:

_____________________________ ______________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

CITY OF ________________) SS

BEFORE ME, a Notary Public of the City of _______________, this

________________ personally appeared:

NAME COMPETENT EVIDENCE OF IDENTITY

TIN-
________________________
known to me and to me known to be the same persons who executed the foregoing
Contract of Lease, and acknowledged to me that they executed the same as their free and
voluntary act and deed for the uses and purposes therein set forth.
The foregoing instrument consists of five (5) pages, including the page whereon
this acknowledgment is written, and that the same was signed by the parties and the
instrumental witnesses on each and every page thereof and sealed by me with my
notarial seal.

WITNESS MY HAND AND SEAL in the place and date mentioned above.

Doc. No. __________;

Page No. __________;
Book No. __________;
Series of 2022.