This document is a contract of lease between Edwin Ayson Adriano, represented by Susan Mallorca Adriano, and Alex Gomez Sarmiento. It details the terms of the lease including rental amount, deposit, utilities responsibility, property taxes, subletting terms, improvements, early termination terms, and lessee responsibilities.
This document is a contract of lease between Edwin Ayson Adriano, represented by Susan Mallorca Adriano, and Alex Gomez Sarmiento. It details the terms of the lease including rental amount, deposit, utilities responsibility, property taxes, subletting terms, improvements, early termination terms, and lessee responsibilities.
This document is a contract of lease between Edwin Ayson Adriano, represented by Susan Mallorca Adriano, and Alex Gomez Sarmiento. It details the terms of the lease including rental amount, deposit, utilities responsibility, property taxes, subletting terms, improvements, early termination terms, and lessee responsibilities.
This document is a contract of lease between Edwin Ayson Adriano, represented by Susan Mallorca Adriano, and Alex Gomez Sarmiento. It details the terms of the lease including rental amount, deposit, utilities responsibility, property taxes, subletting terms, improvements, early termination terms, and lessee responsibilities.
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CONTRACT OF LEASE
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT OF LEASE made and executed this ____day of ____________________, in Quezon City, Metro Manila. Philippines. EDWIN AYSON ADRIANO of legal age, married, Filipino, with residence and postal address at No. 8 Peso Street Central Bank Employees Town House Subdivision Brgy. Pasong Tamo, Quezon City Represented by his Attorney-in-fact, SUSAN MALLORCA ADRIANO of legal age, married, Filipino, with residence and postal address at No. 31c Sapphire St. Rockville 2 Subdivision Brgy. San bartolome Novaliches, Quezon City and herein after known and referred to as the LESSOR; -andALEX GOMEZ SARMIENTO of legal age, married, Filipino, with residence and postal address at No. No. 8 Peso Street Central Bank Employees Town House Subdivision Brgy. Pasong Tamo, Quezon City; hereinafter known and referred to as the LESSEE. WITNESSETH: That the LESSOR is the absolute owner of the Commercial Space located at No. 8 Peso Street Central Bank Employees Town House Subdivision Brgy. Pasong Tamo, Quezon City. Hereby leases unto the LESSEE, who accepts the subject under the following terms and conditions: 1. TERM OF THE CONTRACT - This lease shall be for a period of ONE (1) Year COMMENCING ON January 1, 2016 to December 31, 2016. this contract may however, be extended or renewed upon mutual agreement of the parties which shall be in writing, no interruption in the physical possession by the LESSEE for any reason whatsoever shall serve to extend the term of this lease. 2. RENTAL - The rental shall be due and payable on a monthly basis within the first five (5) days of each month at a monthly rate of FIVE THOUSAND PESOS (Php. 5,000.00), Philippine currency payable at the LESSORS above-stated address or at such place as my indicated in writing by the LESSOR to the LESSEE. 3. DEPOSIT Upon execution of this contract, the LESSSE shall pay TWO MONTH (2) deposit and ONE MONTH (1) advance with the LESSOR FIFTHEEN THOUSAND PESOS (Php. 15, 000.00) TO ANSWER ANY OF THE LESSEES OBLIGATION UNDER THIS CONTRACT MINUS WHATEVER MAY THEN BE OWING THE LESSEE. It is understood that the deposit shall both earn any interest whatsoever.
4. LESSEE hereby recognizes and accepts that the leased premises
are in a commercial location and situated and shall therefore be used as such for commercial purposes. 5. The consumption of water and electricity, telephone and other services shall be for the account of the LESSEE to have the water, electric and other services transferred and registered in his/her name upon assumption of lease and he/she pay whatever deposit or deposits are required by the respective public service companies, reimburse the LESSOR therefore should the latter have paid the services out of his/her fund. 6. Unless otherwise stipulated, the Real Estate Tax on the property shall be paid by the LESSOR. 7. The lessee shall neither sublease the property nor assign this lease contract without the written consent LESSOR. In this event that it become apparent that another distinct party or people are taking regular shelter and/ or doing business in the premises, the LESSOR may in his/her discretion, terminate this contract, and the LESSEE shall be liable to pay double the agreed rental rate as penalty rental rate dating back from the date of discovery. 8. The LESSEE shall not make any alteration and /or improvement on the leased property without the written consent or expresses authority of the LESSOR. All alteration and improvements authorized or otherwise shall accrue to the LESSOR without right of reimbursement to the LESSEE. Should the improvements or alteration become unacceptable to the LESSOR, the latter reserves the right to cause the restoration of the original condition at the expense of the LESSEE. 9. at any part of the term of this contract, the LESSEE may terminate this contract but LESSEE must give LESSOR at least 30 days written notice of his/her intention to terminate the lease, otherwise, LESSOR may charge LESSEE rental for one whole month after notice was given even if LESSEE had actually left premises before that period. 10. The LESSEE shall be responsible in the compliance with any and all sanitary rules and regulations being enforced by the government in connection with the up keeping of the here in leased premises. 11. The LESSEE agree to return and surrender the leased premises at the expiration of the term of this lease in as good condition as reasonable wear and tear will permit and without delay whatsoever, devoid of all occupants, future, articles, and effects of any kind other than such alteration, addition or improvements which pertain to the LESSOR. IN WITNESS WHEREOF, the parties hereunto affixed their signatures this ____ day of _____________________ in Quezon City, Metro Manila, Philippines.
EDWIN AYSON ADRIANO
LESSOR
ALEX GOMEZ SARMIENTO
LESSEE
by SUSAN MALLORCA ADRIANO Attorney-in-fact
SIGNED IN THE PRESENCE OF:
______________________________ Witness
___________________________ Witness
ACKNOWLEDGEMENT REPUBLIC OF THE PHILIPPINES) QUEZON CITY, METRO MANILA) S.s. BEFORE ME, a Notary Public for and in Quezon City, personally appeared and came to me the following persons: SUSAN MALLORCA ADRIANO Attorney-in-fact SSS Identification Card with No. 038711168-3 issued by Social Security System
ALEX GOMEZ SARMIENTO
Identification Card with No.______________ issued by_____________________.
known to me and to me known to be the same person who executed the
foregoing instrument and she acknowledged to me that the same is her free and voluntary act and deed. WITNESS MY HAND AND SEAL on the date and place first abovewritten. Doc. No. _____ Page No._____ Book No._____ Series of 2016.
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