Contract of Lease 2018

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CONTRACT OF LEASEKNOW ALL MEN BY THERE PRESENTS
:
This Contract of Lease made and entered into this ___th day of __________ in 20___, MetroManila, Philippines by and between;
GIGI NOVERO DELA CRUZ
, Filipino, of legal age, with postal address at #57 Villaba St., Phase 6A,BF Homes, Paranaque City, hereinaer referred to as the
LESSOR
.-And-
 ___________________________________
, of legal age, Filipino, single, with postal address at ____________________________________________________________________________________,herein referred to as the
LESSEE
.
WITNESSETH:
WHEREAS
, the LESSOR is the owner of the LEASED PREMISES, a semi-furnished/furnished condominiumresidenal property situated at UNIT #510A Aria Bldg., Amaia Condominium , Sucat Rd. Paranaque.
WHEREAS
, the LESSEE desires to lease said premises and the LESSOR is willing to lease the same untothe LESSEE subject to the terms and condions hereaer set forth.
NOW, THEREFORE
, for and in consideraon of the foregoing and mutual covenants herein contained, theLESSOR has let and lease unto the LESSEE the aforemenoned residenal house under the followingterms and condions:1)
TERM:
The terms of lease shall be for a period of _______ (__) month/year commencingfrom ________________________ to ______________________ renewable for such period andsuch terms as may be mutually agreed upon by both pares.2)
RENTAL MODE AND RATE:
The pares herein agree that the monthly rental of the leasedpremised shall be _______________________THOUSAND PESOS (___________________php).The LESSEE shall pay the LESSOR total amount of ____________________ THOUSAND PESOS(____________________ php) in the form of CASH/POST DATED CHEQUES (PDC) dated every 15th of months of year 2017-2018 upon signing of this Contract. 3)
ADVANCE
: That the LESEE shall issue an advance payment to the LESSOR upon signing of thiscontract and prior to move-in an amount equivalent to the rent of (__) _____ month or a sum of PESOS: __________________________________________php. Wherein, the advance paymentshall be applied on the last months of the remaining period of this contract. 4)
DEPOSIT
: That the LESSEE shall issue a deposit payment to the LESSOR upon signing of thiscontract and prior to move-in an amount equivalent to ______ month rent, shall be considered
 
as security payment to cover the last month/s of rent upon terminaon of the contract and thecost of repair aside from the natural wear and tear and whatever amount of the LESSEE mightowe the LESSOR for unpaid electric, telephone and other bills which the LESSEE is obligated topay under this contract. This deposit is consumable and non-refundable.
Not-applicable onContract Renewal.
4.1. The deposit sum of Php _______________, If the LESSEE vacates the premisesbefore the expiraon of this contract, the total amount of the deposit is forfeited in favorof the LESSOR. The succeeding monthly rental payments are to be made directly to theLESSOR if his/her authorized representave without necessity of demand, on or beforeits due date.5)
RENEWAL
: Upon contract signing, Advance and Deposit payments made from the previouslease contract on the same premise shall be automacally carried over unto the new leasecontract, unless lease amount changes will be made by LESSOR. LESSOR may change Terms andCondions of contract only upon renewal.6)
PUBLIC UTILITIES.:
All consumpon of electricity, water and all repairs and new installaonin connecon with such services shall be for the account of, and shall be paid by the LESSEE.7)
PURPOSE:
The premises subject maer of this Contract shall be used for residenal purposeand for no other purposes without the wrien consent of the LESSOR. NO SUB-LEASING. NOPETS ALLOWED.8)
IMPROVEMENT
:
The LESSEE shall not make any major alteraons, structural changes orimprovements in the leased without the previous wrien consent of the LESSOR. However, anymajor alteraons or improvements made or introduced by the LESSEE in the said premises withthe consent of the LESSOR shall, upon terminaon of the Lease Contract, automacally accrue tothe benet of the said premises and become the property of the LESSOR without any obligaonon the laer’s part to pay or refund its value or cost to the LESSEE.9)
REPAIR & SANITATION
: All damages to the property, such as clogging of the water closets,lavatory sinks, drains and other plumbing works and such other defects and damages caused bythe fault, misuse, carelessness and/or negligence on account of the use thereof by the LESSEE,his family, agents, employees of servants, shall be repaired and made good by the LESSEE, butnot those caused of force majeure.10)
DANGEROUS GOODS
: The LESSEE shall not keep, deposit, and store in the premises anyobnoxious substance or any inammable material of substance that may constute a re hazard.11)
INSPECTION
: For the purpose of it, for the convenience of all concerned, that the condionof the premises is maintained in good, tenantable condion, the LESSOR of his/her authorizedrepresentave is hereby given the right, aer due noce, to enter and inspect any part of theleased premises during reasonable hours and at the occasion therefore might require.
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12)
ADVANCE NOTICE
: The LESSEE agrees to give the LESSOR thirty (30) days wrien advancenoce of his intenon to vacate the premises before the expiraon of the term, provided,however that upon receipt of said noce, the LESSOR shall be free to show the prospecvetenants during those thirty days.13)
TURN-OVER:
Upon the terminaon of this Contract of Lease for any reason whatsoever, theLESSEE shall immediately vacate the premises and return possessions thereof to the LESSORupon that laer’s request unless this lease is extended for another period at the request of theLESSEE.14)
LITIGATION
: Should any of the pares herein be compelled to seek judicial relief against theother, the losing party shall pay an amount of 100% of the damage amount claimed by thecomplainant plus aorney's fees equivalent or no less than Php 50,000.00.15)
NON-PAYMENT
: That in case of non-payment of the rental herein spulated; or violaon of any condion of this contract, the lease shall be considered rescinded, and the LESSOR shall haveright to demand that the LESSEE vacate the premises.16) Any violaon on the part of the LESSEE of the terms provided for in this Contract shall besucient ground for the terminaon of this Contract of Lease. 17)
PERSONAL INFORMATION
 : That both pares have issued their true personal idencaondetails stated above to which postal addresses are acve and reachable for legal purposes. This Contract of Lease shall be binding upon the heirs, executors, administrators, assigns, andlegal representaves of the contracng pares herein named.
IN WITNESS WHEREOF
, the pares have hereunto signed these presents on the date and at theplace rst above wrien.
GIGI N. DELA CRUZ________________________
LESSOR LESSEESIGNED IN THE PRESENCE OF: _____________________ ____________________
ACKNOWLEDGEMENT
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REPUBLIC OF THE PHILIPPINES)) S.SBEFORE ME, a Notary Public, for and in ________________________ Philippines this day of  ____________, 20___, personally appeared:NAME:COM.TAX.CERT.NODATE AND PLACE OF ISSUEGIGI N. DELA CRUZ_____________________________________ ____________________________________________________________All known to me and to me known to be the same persons who executed the foregoinginstrument, and acknowledgment that the same is their free act and deed.
WITNESS MY HAND AND SEAL
 this ____ day of ___________, 20____ in ________________________NOTARY PUBLICDoc. No. _____________________________Page No. _____________________________ Book No. _____________________________Series of 20 ___________________________
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