This Contract of Lease made and entered into this _____ day of ____________, ______________ in

_________________________ by and between:

ABIGAIL P. ESPALLARDO, of legal age, Filipino, married to Frank Angelo Espino, residing and
with postal address at No. 20, Road 6, GSIS Hills Subdivision, Talipapa, Caloocan City, 1400, hereinafter
referred to as LESSOR

- and -

MARJORIE BARRERA, of legal age, Filipino, married to Ildefonso Barrera and with residence and
postal address at Blk 3A, Lot 1 Camella Homes Alora, Brgy. 168, Deparo, Caloocan City, hereinafter
called the LESSEE.

WITNESSETH: That

WHEREAS, the LESSOR is the legal and absolute owner of one unit residential apartment located at Block
3A, Lot 1, Camella Alora, Brgy 168, Deparo, Caloocan City, unfurnished, here referred to as the LEASE
PREMISES.

WHEREAS, the LESSEE desires to lease the lease premises and the LESSOR is willing to lease the same
unto the LESSEE subject to the following terms and conditions:

1. LEASE PREMISES – The LESSEE has examined the LEASE PREMISES prior to and as a condition
to acceptance and execution of this lease contract. LESSEE’s taking possession of the LEASE
PREMISES shall be a conclusive evidence of receipt thereof in good order. Furthermore, the
LESSEE agrees to undertake at its exclusive expense all repairs necessary otherwise, such as
may be required to maintain the same in good state and condition.

2. RENTAL AND PAYMENT – the parties hereto agree that the rental of the LEASE PREMISES
shall be Php7,500 monthly, Philippine currency, payable one (1) month in advance on or
before the 2nd day of the month.

The LESSEE shall also pay a one (1) month security deposit to be used for unpaid charges for
services and utilities incurred by the LESSEE, damages to the premises, with the exception of
natural wear and tear, and as liquidated damages as provided under this AGREEMENT. The
amount, after due deduction therefrom, shall be refunded to the LESSEE no later than thirty
(30) days from the complete return of the LEASED PROPERTY.

3. LEASE PERIOD – That the lease shall be over a period of one (1) year to take effect on August
2, 2022 and expiring on August 1, 2023, unless sooner terminated hereinafter provided, this
period shall not be deemed extended for any reason whatsoever. The LESSEE must signify its
intention to extend or terminate the Contract of Lease by written or verbal notice thereof,
to the LESSOR, at least sixty (60) days prior to the expiry of this Contract. In case the LESSEE
fails to notify the LESSOR, the Security Deposit will be automatically forfeited by the LESSEE
in favor of the LESSOR.

4. GOOD and TENANTABLE CONDITION – The LESSEE shall at all times keep and maintain the
leased premises in good and tenantable condition and shall comply with all health and
sanitation rules and ordinances.

5. UTILITY BILLS AND ASSOCIATION DUES – All expenses on water, gas, light, electricity,
telephone, garbage disposal and all association (HOA) dues and charges shall be paid by the
LESSEE.

6. LIEN ON PERSONAL PROPERTIES, FURNITURE, ETC. – By way of security for the compliance
by the LESSEE of all his obligations under this contract or any extensions or renewals
thereof, the LESSEE hereby grants in favor of the LESSOR a lien over the personal properties,
articles, furniture located on the LEASED PREMISES. In the absence of any written notice to
the LESSOR as to the ownership of any property, furniture, equipment or articles installed or
brought in the LEASED PREMISES, the LESSOR has the right to consider the same as
belonging to the LESSEE and subject to the lien herein.

7. NON-PAYMENT OF RENTAL – Non-payment of monthly rentals by the LESSEE gives the

LESSOR the sole option to padlock the LEASED PREMISES without incurring any civil and/or
criminal liability, which is herein waived by the LESSEE and to which the LESSEE hereby
agrees and undertakes not to institute any complaint/case thereof. The LESSEE recognizes
the LESSOR’s right of just retention over the personal properties of the LESSEE in accordance
with Article 2241 of the Civil Code of the Philippines for which reason the LESSEE agrees that
the LESSOR can retain and hold such properties without incurring any criminal and/or civil
liability, while the LESSEE is still in arrears in the payment of its obligations.

8. PENALTY FOR LATE PAYMENT- without prejudice to the exercise by the LESSOR of the rights
provided in this Contract, the LESSEE shall pay the LESSOR interest on any amount due
under this Contract that is not paid on time, at the rate of four (4%) percent per month or at
a maximum interest rate allowed by law, whichever is higher. Said interest is computed
from the date of delinquency until fully paid. In addition to the preceding interest charges,
all arrears inclusive of interest shall also be subject to a penalty equivalent to four (4%)
percent per month to be computed from the date of delinquency until fully paid.

9. PRE-TERMINATION FOR LATE PAYMENT – In the event of pre-termination of this Lease of

Contract by the LESSOR, in case of breach, default or non-performance by the LESSEE of the
terms and condition of this Contract or in the event of pre-termination hereof by the LESSEE
for whatever reason, the advance rental as well as the Security Deposit or any balance
thereof shall automatically be forfeited by the LESSEE in favor of the LESSOR without
prejudice to other remedies available to the LESSOR hereunder, or as may be provided by
law without limiting the amount of the LESSEE’s liability for said breach, default or non-
performance.
In case the LESSEE abandons the LEASE PREMISES before the expiration of the Lease
Contract, the Security deposit shall be forfeited by the LESSOR. The LESSEE shall
likewise be liable for all unpaid bills of Meralco, telephone, water, etc.
Abandonment shall mean total absence of LESSEE on the leased apartment in a
continuous thirty (30) calendar days.

10. RESIDENTIAL PURPOSE – the LEASED PREMISES shall be used for residential purpose of the
family and household of the LESSEE ONLY. The LESSEE agrees not to devote the LEASED
PREMISES to other use without the consent of the LESSOR. The LESSEE shall not permit any
unlawful or immoral practices to be connected or carried on in the rented premises.

11. FIRE, HAZARDS, OBNOXIOUS SUBSTANCE – The LESSEE shall not keep, deposit or store in the
premises any obnoxious substance or inflammable material or substance that might
constitute a fire hazard or increase the risk of damage or destruction to the premises.

12. SUB-LEASE – the LESSEE shall not sublet, transfer, assign or any manner alienate the
leasehold rights on the LEASED PREMISES or any part thereof without prior written consent
of the LESSOR.

13. THIRD PARTY LIABILITY – the LESSEE shall hold the LESSOR free and harmless from any claim
or demand of third persons for any loss or damage including claims for property damage,
personal injury or wrongful death arising out of any accident on the LEASED PREMISES or
occasioned by any nuisance made and suffered on the premises or failure of the LESSEE to
maintain the premises in a safe, sanitary and secure condition or by reason of the LESSEE’S
violations, non-performance of laws, ordinances, rules and regulations and/or terms and
conditions of this Contract concerning or affecting the LEASED PREMISES.

The LESSOR shall not be liable or responsible for:

a) The presence of bugs, vermin’s, ants, termites, insects, rodents and other pests, if
any, in the LEASED PREMISES;
b) The failure of water and/or electricity in the LEASED PREMISES;
c) Any injury, loss or damage which the LESSEE, his agents or employees or visitors
might sustain in the premises for any cause whatsoever.

14. IMPROVEMENTS – the LESSEE shall not make any structural changes, alterations, or
improvements to the LEASED PREMISES without the consent of the LESSOR. However, any
major alterations or improvements made or introduced by the LESSEE shall, upon
termination of this contract, automatically inure to the benefit of the said premises and
become property of the LESSOR without any obligation on the latter’s part to pay or refund
its value or cost to the LESSEE.

15. NON-WAIVER – the failure of the LESSOR to insist upon the strict performance of any of the
terms and conditions hereof shall not deem relinquishment or waiver of any rights or
remedy that the LESSOR may have, nor shall it be construed as a waiver of any subsequent
breach or default of said terms and conditions. No waiver by the LESSOR of any of its rights
under this Contract shall be deemed to have been made unless expressed in writing and
signed by the LESSOR.

16. ACCESS RIGHTS – the LESSOR, during the duration for the terms of this Contract of Lease
reserves the right at any reasonable hour of the day or night specially in cases of emergency
to enter and inspect the premises to determine compliance with the provisions of this
Contract and shall be free to affix a “FOR RENT” sign and show the same to prospective
tenants sixty (60) days prior to the termination of this lease, its extensions, or renewals.

17. ATTORNEY’S FEE – In case of court litigation by virtue of non-payment of the agreed rent or
any other breach of this agreement on the part of the LESSEE, the LESSOR shall have the
right to collect the amount equivalent to 20% of the total obligation due as liquidated
damages and reasonable attorney’s fees, exclusive of the caused legally accrued.

18. SANITATION AND REPAIRS – the LESSEE shall keep the LEASED PREMISES clean and in
sanitary condition. LESSOR shall be responsible for all major repairs on the LEASED
PREMISES and on water, electrical and sewage installation caused by ordinary wear and tear
except repairs due to the fault of the LESSEE, its guests or visitors or as a direct result of the
negligence of the part of the LESSEE.

Minor repairs costing less than TWO THOUSAND (PhP2,000) for each occurrence shall be
for the account of the LESSEE. Clause for minor repairs shall take effect one (1) month
after the LESSEE has moved in.

In the event of fire in the LEASED PREMISES due to the fault or negligence of the LESSEE,
members of his household, visitors or guests, the LESSEE shall take full responsibility in
paying the cost of damages.

19. RETURN OF LEASED PREMISES – Upon termination of this Contract Lease, unless it has been
renewed or extended, it is understood that the LESSEE should clear or make full accounting
on all bills and accountabilities pertaining to or restoration of premises to its original
condition before LESSEE may be totally cleared to vacate the LEASED PREMISES. The LEASED
PREMISES (with keys) shall be turned over by the LESSEE to the LESSOR in a clean and
orderly manner.

20. SALE OF LEASED PREMISES – In the event that the LEASE PREMISE is sold during and within
the duration of the Contract of Lease to any other party, the herein LESSEE will not post any
objection or obstacle to such sale. However, the LESSOR will pay back the LESSEE the
amount pertaining to the unused rental.

21. VIOLATION – Any violation of the terms provided for in this Contract on the part of the
LESSEE shall be sufficient ground for the termination of this Contract of Lease. The LESSEE
shall agree to vacate the premises immediately even without written notice from the
LESSOR. The LESSEE shall be liable for any and all damages, actual or consequential,
resulting from such termination.

22. OTHERS – LESSEE is obliged to furnish the LESSOR or thru the LESSOR’S authorized
representative a copy of the official receipts as proof of his payments for the monthly dues,
electricity, water, telephone bills, etc.

IN WITNESS WHEREOF, the parties hereto set their hands this day of ________________

at ___________________________.

_________________________________ ________________________________

Abigail P. Espallardo Marjorie Barrera

LESSOR LESSEE

Signed in the presence of:

_________________________________ ________________________________

Signature over printed name Signature over printed name