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Contract of Lease

This contract establishes a lease agreement between a lessor and lessee for residential property located in Silay City, Negros Occidental, Philippines. The key terms are: - The lease period is for one year from September 21, 2018 to September 21, 2019, and may be renewed with mutual consent. - The monthly rental payment is 5,500 pesos, due on the 21st of each month along with a one month deposit. - Expenses for utilities and other costs are the responsibility of the lessee. - The contract can be terminated with two months' notice by either party, and the lessee is responsible for any property damage deducted from their deposit.

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Jules Clyde Fernandez Isaac
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186 views1 page

Contract of Lease

This contract establishes a lease agreement between a lessor and lessee for residential property located in Silay City, Negros Occidental, Philippines. The key terms are: - The lease period is for one year from September 21, 2018 to September 21, 2019, and may be renewed with mutual consent. - The monthly rental payment is 5,500 pesos, due on the 21st of each month along with a one month deposit. - Expenses for utilities and other costs are the responsibility of the lessee. - The contract can be terminated with two months' notice by either party, and the lessee is responsible for any property damage deducted from their deposit.

Uploaded by

Jules Clyde Fernandez Isaac
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This contract of lease is executed by and between:

I, ______________, of legal age, Filipino and a resident of Bonifacio Extension, Barangay 5, Silay City,
Negros Occidental, Philippines, herein after referred to as the LESSOR,
-and-
________________, of legal age, Filipino and a resident of, Silay City, Negros Occidental, Philippines,
herein after referred to as the LESSEE,

WITNESSETH

Whereas the LESSOR is the owner of the house made of concrete and wood with galvanized iron
roofing, situated at ____________________(Property location)____________.

Whereas the LESSOR and LESSEE have agreed that the latter will lease the said house of the LESSOR
under the following terms and conditions:

1. That the leased premises will be used for residential purposes only;
2. That the period of lease shall be for one (1) year effective September 21, 2018 until September 21,
2019 and may be renewed thereafter upon the mutual consent of the both parties.
3. That the monthly rental is P5,500.00, payable every 21 st day of each month with one month
deposit.
4. That the expenses for the light, water and other miscellaneous expenses shall be the account of
the LESSEE.
5. That in the case the LESSEE decides to terminate the contract; she will notify the LESSOR two (2)
months in advance and the same with the LESSOR.
6. That the damage to the property which occurred during the tenure of the LESSEE shall be charged
to the LESSEE deductible from the one (1) month deposit.

IN WITNESS WHEREOF, we have hereunto set our hands this ________________, 2018 at the City of
Silay, Negros Occidental, Philippines.

__________________ ___________________
LESSOR LESSEE

Valid Gov’t ID:________________ Valid Gov’t ID:________________


Com. Tax Cert No.:_____________ Com. Tax Cert No.:_____________
Issued on:___________________ Issued on:___________________
Issued at:____________________ Issued at:____________________

SIGNED IN THE PRESENCE OF:

_____________________________ ___________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )


CITY OF SILAY ) S.S.
X--------------------------------X.

BEFORE ME, a notary public for Negros Occidental, this ______day of ________________2018,
personally appeared _______________ and ________________, both known to me and known to be the same
persons who executed the foregoing instrument and they acknowledged to me that the same is their free act
and deed.

IN WITNESS THEREOF, I have hereunto set my hand, the day, year and place above written.

Doc. No.______;
Page No.______;
Book No.______;
Series 2018

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