Contract of Lease of Commercial Building

CONTRACT OF LEASE OF COMMERCIAL BUILDING
KNOW ALL MEN BY THESE PRESENTS:
This Contract of Lease executed and entered into by and between:
_________________, Filipino, of legal age, married, with residential address at

_______________________, Philippines, hereinafter referred to as the ‘LESSOR’
And
VMAC COOLBLUE WATER STATION, a single proprietorship duly formed under

the laws of the Philippines and engaged in water refilling sales and delivery, with authorized
representative AIREEN YBAÑEZ CLORES, Filipino, of legal age, single/married, with
residence at APT. 64 KILBOURNE DRIVE, VSU LOWER CAMPUS, PANGASUGAN,
BAYBAY CITY LEYTE, hereinafter referred as the “LESSEE’
TERMS AND CONDITIONS
1. PREMISES- LESSOR hereby leases to LESSEE and LESSEE hereby leases from LESSOR
approximately _____________ (__) square meters more or less of total land area, as is
improvement, Door ___, situated in __________________________ which shall be referred to
as the “Premises”.
2. USE OF THE PREMISES- The Lease is for the purpose of operating a commercial or retail
business which the corporation is engaged in. The LESSEE, at his own expense may put up
improvements upon prior consultation and written approval of the LESSOR within the
premises hereby leased for the purpose of storage, retail, wholesale and commercial in nature
and not for any purpose whatsoever. It is being expressly agreed that if, at any time during the
existence of this lease and without the previous written consent of the LESSOR, the said
premises are used for the purposes other than what is stated, the LESSOR has the option of
either terminating the lease or collecting increased rental as deemed appropriate from the date
of diversion of use of the premises or to compel the LESSEE to stop the unapproved activity.
3. TERM OF THE LEASE- term of lease is for __________________ from (Date) to (Date)
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.
This LEASE shall not be deemed extended or renewed beyond the period time above-
mentioned for any cause or reason whatsoever and unless the parties agree in writing to extend
or renew or enter into a new Contract to Lease upon such terms and conditions acceptable to
them, the possession of the Premises by the LESSEE or any persons claiming rights through
the LESSEE, after the expiration of the term thereof, shall be illegal.
Any renewal or extension of this Contract must be expressly agreed upon by the
LESSOR and LESSEE in writing and under no circumstances can such renewal or extension
be considered as having made impliedly.
For this purpose, the LESSEE shall notify the LESSOR to the latter’s office in writing,
of this intent to renew or extend the Contract at least sixty (60) calendar days prior to the
expiration of the Leased period, or any extension or renewal thereof, provided, however, that
the notice as aforesaid does not in any way vest unto the LESSEE the right to demand for such
extension or renewal of the Lease Period or any renewal or extension thereof.
4. RENT- The monthly rental rate for the leased premises shall be in SIX THOUSAND FIVE
HUNDRED (P 6,500.00), Philippine Currency. All rental payments shall be payable to the
LESSOR set forth every 1st week of the month.
a. NON-PAYMENTS OF RENTS- Failure of the LESSEE to pay the rentals herein agreed
upon for two (2) consecutive months shall be ground for termination of this Contract of
Lease and upon which the LESSEE obligates itself to vacate and clear the premises in such
tenantable conditions without need of notice from LESSOR.
b. SECURITY DEPOSIT and ADVANCE- upon signing of the Contract of Lease, the
LESSEE shall make a One (1) month deposit and One (1) month advance rental in the total
amount of _____________________________ (Php ____________.00) Philippine
Currency for the full and faithful performance of each and every term, provision, covenant,
and condition of this lease, except that said deposit shall not constitute or substitute
payment of any rent. The deposit, which is non-interest bearing, shall remain intact during
the entire term of this lease and shall not be applied as payment for any monetary
obligations of the LESSEE under this contract, and shall be refunded to the LESSEE upon
completion of the lease.
c. The amount deposited shall answer for any unpaid accounts of the LESSEE at the
expiration of the contract as well as for any damages which the LESSOR or any of its
employees, agents or guests might suffer by reason of the wrongful acts or actuation,
negligence, and or malfeasance of the LESSEE. It shall not be applied to pay for the last
months of occupancy of the premises.
d. Any unappropriated amount of such deposit shall be refundable to the LESSEE within
sixty (60) days from the termination of the contract.
e. In the event that the LESSEE terminates its contract before its term expires, the deposit
shall be deemed forfeited and refundable, regardless of the reason for its pre-termination
and whether a sixty-day notice was given or not.
6. SUBLEASE AND OR TRANSFER OF RIGHTS- The LESSEE shall not directly or

indirectly assign, sublease, sell, transfer, convey, mortgage, demolish or in any manner dispose
of or encumber its right under the contract in whole or in part or any interest thereto be conferred
on anyone.
7. RIGHT TO INSPECT LEASED PREMISES- The LESSOR or its authorized agent shall, by
previous notice to the LESSEE, have the right to enter the leased premises at any reasonable
hour of the day to examine the leased premises.
7. CARE OF THE LEASED PREMISES- The LESSEE shall examine the Leased Premises before
taking possession thereof, and LESSEE’s entry into possession shall constitute conclusive
evidence or admission by the LESSEE that as of the date thereof, the said Premises were in
good order and satisfactory tenantable condition. The LESSEE hereby binds itself to keep and
maintain the same in such condition as a prudent person shall do under the circumstances,
ordinary wear and tear expected. The LESSEE shall at its own expense, improve and maintain
the Leased Premises clean and free from rubbish and dirt at all times, store all trash and garbage
in proper containers and not burn any trash and garbage in or about the Leased Premises or
anywhere within the Premises.
8. UTILITIES AND SERVICES- The LESSEE shall be responsible for the payment and
maintenance costs of its own electric current, telephone, water, security and other utility
services in the Leased Premises for the duration of the lease. The LESSEE shall also clear all
accounts with all concerned utility companies upon pre-termination or expiration of contract.
LESSOR: LESSEE:
_________________ AIREEN Y. CLORES
Signed in the presence of:
________________________________ VICTOR G. CLORES

ACKNOWLEDGEMENT
BEFORE ME, a Notary Public for and in the Cities and Province of _______________ this
_______________ at ______________________ personally appeared.
Name ID/Comm. Tax Cert. No. Date & Place
_________________ _________________ ______________

__________________ _________________ _______________
Known to me and to me known to be the same persons who executed the foregoing Contract of
Lease consisting of __ pages including this page of the acknowledgement and they acknowledge to me
that the same is their free and voluntary act and deed.
WITNESS MY HAND AND NOTARIAL SEAL on the date and in the place first above
written.
Doc No. _____;

Page No. _____;
Book No. _____;
Series of _____.

Contract of Lease of Commercial Building

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CONTRACT OF LEASE OF COMMERCIAL BUILDING

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease executed and entered into by and between:

_________________, Filipino, of legal age, married, with residential address at

VMAC COOLBLUE WATER STATION, a single proprietorship duly formed under

TERMS AND CONDITIONS

6. SUBLEASE AND OR TRANSFER OF RIGHTS- The LESSEE shall not directly or

_________________ AIREEN Y. CLORES

Signed in the presence of:

________________________________ VICTOR G. CLORES

Name ID/Comm. Tax Cert. No. Date & Place

_________ _ ______

Doc No. _____;

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