CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This contract of lease made and entered into this 23th day of September, 2019, by and between:

______________________, of legal age, residing at ________________________________________,

-AND-

____________________-, of legal age, ______________________, _____________________________,

WITNESSETH:

That for and in consideration of the payment of rent and of the compliance of all the
conditions and covenants hereinafter contained, the LESSOR has hereby leased, let rented and
delivered by way of lease unto the LESSEE the premises known and assigned at Unit __, One
Eastwood Avenue Tower One, Eastwood, Quezon City, subject to the following:

TERMS AND CONDITIONS

1. Term: This lease shall be for duration of One (1) year commencing from October 1, 2019 and to end on
September 30, 2020 renewable at the option of the LESSEE at such new terms and conditions as may be
agreed upon by the parties.

2. Rental: The LESSEE agrees to pay the LESSOR the monthly rental fee of
______________________________. Upon signing of this Contract of Lease, the LESSEE shall pay the
LESSOR One (1) month rental in advance to be applied on the first month of the term of this LEASE.
The LESSEE shall also issue Eleven (11) post-dated checks covering the monthly rentals for the
duration of this LEASE.

3. Deposit: The LESSEE shall also pay the LESSOR the sum of Two (2) months deposit amounting to
______________________, to guarantee the payment of any damage to the leased premises, unpaid
utilities and other obligations to third parties by the LESSEE during the term of the agreement, which
deposit shall bear no interest. Unless applied to said damages, unpaid utilities and other obligations to
third parties, said deposit shall be returned to the LESSEE within Thirty (30) days after the
termination of this agreement: Provided, however, that the deposit cannot be applied to unpaid back
rentals owed by the LESSEE prior to the expiration of this agreement. Furthermore, if the LESSEE
vacates the premises before the expiration of the period of lease, the total amount of the deposit and
advance rentals shall be forfeited in favour of the LESSOR.

4. Association Dues: Association dues per month of One Thousand Seven Hundred Forty Six Pesos and
Thirty Two Cents(P1,746.32), or as may be determined by the Association from time to time, including
interest or penalties that may be imposed for late payment, shall be for the account of the LESSEE.

5. Use of the Premises: The premises shall be used exclusively for residential purposes only of the
LESSEE and the immediate members of (his/her) family and shall not in any way be used for any illegal
or unlawful activity or to keep materials, chemicals and other matters considered as fire hazards or
nuisance to the building.

6. Improvements: The LESSEE shall not make any alteration, structural changes or improvement in
the leased premises without the prior written consent of the LESSOR. However, at the
termination of the lease, the same not having been renewed by the parties, the LESSEE shall restore
the leased premises in its original state existing at the commencement of the agreement.
Restoration of the LEASED PREMISES shall be for the exclusive account of the LESSEE. Any
improvement after the lease is terminated and after the LESSEE shall have vacated the premises shall
belong to the LESSOR.
7. Facilities: All charges for water, electricity, telephone, association dues and other public utilities used in
the leased premises as well as janitorial and security services or any other charges as may be imposed by
the building administrator of the condominium building shall be for the account of the LESSEE. The
LESSEE hereby guarantees the prompt payment of any and all charges heretofore mentioned as they fall
due. Any delay in the payment thereof shall constitute a material breach of this agreement.

8. Repairs: The LESSEE shall, during the duration of the lease, make all minor repairs on the leased
premises to preserve the same in serviceable or tenantable conditions at the LESSEE's expense except
replacement of parts due to natural wear and tear. The LESSEE, however, shall give advance written
notice to the LESSOR of Ten (10) days prior to undertaking any minor repair. All damages caused to
the leased premises due to the fault, misuse, carelessness, and/or negligence or on account of the use
thereof by the LESSEE and other occupants therein shall be made good and repaired by the repairs done.
Should the LESSEE fail to make the necessary and appropriate repairs within five (5) days from demand,
the LESSOR shall undertake the needed repairs and shall charge the costs thereof to the LESSEE.

9. Inspection of the Premises: To ensure that the leased premise is being maintained in good and
tenantable conditions, the LESSOR or his authorized representative is hereby given the right after due
notice, to enter and inspect any part of the leased premise during reasonable hours and as the occasion
thereof might require.

10. Assignment and Sub-Lease: The LESSEE hereby shall have no right to assign or transfer its rights,
interest and obligations under the lease contract or sub-lease contract premises or any portion thereof to
any person or entity without the prior written consent of the LESSOR.

11. Injury or Damage: The LESSEE hereby assumes the full responsibility for any damage which may be
caused to the person or property of any third person in the leased premises during the
duration of the lease. LESSEE further binds himself to hold the LESSOR free and harmless from
damages as a result thereof, unless such damage or liability arose out of structural or other inherent
defects in the leased premises or is due to the fault of the LESSOR, his agent or representatives.

12. Sale of Leased Premises: The LESSEE recognizes the right of the LESSOR to sell or otherwise
convey ownership of the leased premises to any other interested party, provided the LESSEE's rights
under the lease are respected.

13. Hazardous and Prohibited Materials: The LESSEE shall not keep or store in the lease premise any
hazardous and obnoxious substance or inflammable material or substance that might constitute a fire
hazard or other chemicals and materials or prohibitive drugs in violations of the laws of the Philippines.

14. Rules and Regulations: The LESSEE binds himself to comply with the existing rules and regulations
promulgated by the building administrator and/or association and any other environmental or other laws,
ordinances, rules and regulations applicable to the leased premises.

15. Violations: The LESSOR may, at these options, consider this agreement automatically rescinded and
cancelled, without need of any court action, upon ten (10) days’ notice given to the LESSEE based on
any of the following grounds:

a. Failure of the LESSEE to pay one (1) month advance rental and other bills or charges therefore
mentioned as they fall due for any reason whatsoever within the period to pay.
b. For any violation made by the LESSEE or its agents and representatives of any of the terms
and conditions stipulated in this contract.
c. In case the leased premise shall be vacated or abandoned for a period of thirty (30) days
without prior written notice to the LESSOR. Consequently, the LESSOR is hereby permitted
authorized by the LESSEE to enter the premises, either by force or otherwise, without being
liable to prosecution therefor.

Upon termination of the contract of lease based on any of the foregoing grounds and upon
demand, the LESSEE shall immediately vacate and peacefully surrender
possession of the leased premise to the LESSOR or his duly authorized representative.
16. Remedies: In addition to the provisions of the preceding paragraph, the LESSEE hereby
acknowledges and recognizes the right of the LESSOR to avail or resort to any or all of the following
remedial measures without need of court action:
a. In case of failure of the LESSEE to pay or settle any due and unpaid obligations (rentals, electricity,
water, telephone, association dues etc.) as provided for under this lease contract, the LESSEE hereby
authorizes the LESSOR, who is hereby given the right, to disconnect all facilities such as but not limited
to electricity, telephone, water in the leased premise without need of further notice to the LESSEE.
b. Likewise, until the aforesaid unpaid obligations are paid or settled, the LESSOR hereby given the
rights, to re-renter the leased premise, take possession of any or all furniture, fixtures and equipments
found or therein and/or padlock the door of the premise.
c. Moreover, by way of a security or to secure the payment of any of the unpaid obligations of the
LESSEE, the LESSEE consents and authorizes the LESSOR to retain possession of any of the furnitures,
fixtures and equipments that may be found on the premise as belongings to the LESSEE until such time
that all the unpaid obligations of the LESSEE are paid or settled.
d. If after ten (10) days from the date the LESSOR shall have taken possession of the aforesaid furniture,
fixtures and equipment by way of security, the LESSEE still fails to pay or settle its unpaid obligations to
the LESSOR the LESSEE hereby consents and authorizes the LESSOR to sell by way of public or private
sale any or all the furnitures, fixtures and equipments as may be sufficient to pay or settle the lessee's
unpaid obligations plus the accrued interests and attorney's fee equivalent to 25% of the total amount due
and unpaid. All expenses that may be incurred in the sale shall be for the account of the LESSEE.
For purposes of selling the aforesaid properties, the LESSEE hereby irrevocably appoint the LESSOR as
its attorney-in-fact to sell and dispose of any or all of the aforesaid property of the LESSEE in a private or
public sale at a price as may be determined to be just and reasonable by the LESSOR and to apply the
proceeds therefrom to any or all the unpaid obligations of the LESSEE.
If the sale proceeds is proved to be inadequate to fully pay or settle the unpaid obligations of the
LESSEE, the LESSEE shall remain liable to the LESSOR for any of the deficiency.
Should the proceeds of the sale of any of the aforesaid properties be sufficient to pay or settle all of the
lessee's unpaid obligations, the LESSEE may get back its other properties not sold by the LESSOR. If
after thirty(30) days from written notice of the LESSOR directed to the last known address of the
LESSEE, the LESSEE still fails to get back the remaining properties, said properties shall then be deemed
abandoned in favor of the LESSOR.
The above enumerated remedies approved for the LESSOR shall not be exclusive, but shall be cumulative
and without prejudice to any court action that may be instituted by the LESSOR for any causes of action
that may arise under this contract of lease.

17. Attorney's Fee: In case the LESSOR resorts to judicial action base upon or in connection with
this lease contract, the LESSEE hereby agrees to pay attorney's fee equivalent to Twenty Five (25%) per
cent of the total amount involved or claimed by the LESSOR as against the LESSEE plus all court
expenses and/or costs of litigation.

18. Venue: All court actions from this contact of lease shall be filed only in the proper courts of Pasig
City, Philippines to exclusion of all other courts.

19. Time of Essence: Time is the essence hereof any waiver by the LESSOR of a breach of any term,
covenant or condition herein contained, whether express or implied, shall not constitute of a
waiver of any subsequent breach thereof, or a breach of covenant to pay the rent so accepted. No waiver
by the LESSOR shall be deemed to have been made unless expressed in writing and signed by the
LESSOR.

20. OTHER PROVISIONS: NONE

IN WITNESS WHEREOF, the parties have sent their hands on this instrument on day of
______________________, 2019 at Pasig City, Philippines.

___________________________________ ______________________________
LESSEE LESSOR
SIGNED IN THE PRESENCE OF

_____________________________

WITNESS

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES

BEFORE ME, this 23th day of September 2019 personally appeared with:

NAME: ID NO. DATE/PLACE ISSUED

All known to me and to be the same parties and persons, together with their witnesses, who executed this
Lease Contract of Three (3) pages and acknowledged to me that the same is their free and voluntary act
and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal at place and
the date first above-written.

Doc. No. ___________