Garage Lease Agreement

REPUBLIC OF THE PHILIPPINES)
CITY OF ___________________ )S.S
PARKING SPACE LEASE AGREEMENT
This agreement is made and entered this____________ day of____, 20__, between
RAQUEL G. IGLESIAS of legal age, single/married, Filipino and resident of ROYAL
PALM ST., PALMERA CENTRO, MARIKINA HEIGHTS, MARIKINA CITY, of hereinafter
referred to as “Lessor” and MARIO F. CASTRO of legal age, Filipino single/married of #
37 MAROON ST., BONITA HOMES, CONCEPCION 2, MARIKINA CITY., hereinafter
referred to as “Lessee”
Whereas, Lessor desires to lease to Lessee and Lessee desire to lease from Lessor
parking space(s) at the location generally described as the garage, the “Premises”, it is
herein agreed as follows:
1. LEASE OF TERM. Lessor hereby lease to Lessee parking space located at # 37

MAROON ST., BONITA HOMES, CONCEPCION 2, MARIKINA CITY the
“PREMISES” described above and designated as space for a term of one (1)
year hereinafter referred to as the “Beginning Date” and ending January 15, 2020
to January 15, 2021. The space is to be used by the Lessee for the parking of the
following vehicle.
2. MONTHLY RENTAL. The rent for the above mentioned parking space is Five
Thousand Pesos (P5,000.00) monthly and shall be paid by the Lessee to the
Lessor. The taxes or charges to the monthly rentals as required by law or any
revenue regulations shall be at the expense of the LESSEE. Payment of monthly
rental shall be paid on or before the 15 th day of each month beginning from the
month of the execution of this agreement;
3. SECURITY DEPOSIT AND ADVANCE. The LESSEE shall deliver to the

LESSOR as SECURITY DEPOSIT the amount equivalent to ONE MONTH (1)
rental and ADVANCE RENTAL FEE also equivalent to ONE MONTH (1) upon
execution of this agreement. Said security deposit shall be applied for the
payment of damages and/or unpaid facility bills on the lease premises after
expiration of this agreement. However, the security deposit, or the net thereof,
shall be turned to the LESSEE not later than thirty (30) days from the time that
the LESSEE had vacated the leased premises should be there be no claim for
damages by the LESSOR or that there are no unpaid facility bills in the leased
premises. The security deposit and advance rental fee shall serve as penalty and
automatically forfeited in favour of LESSOR should LESSEE terminate the lease
prior to its expiration as stated in this agreement. Finally, the giving of security
deposit and advance rental fee shall in no case exonerates the LESSOR from
further liability should such security deposit or advance rental fee is insufficient to
cover liability should such security or advance rental fee is insufficient to cover
liability for damages;
4. RIGHT OF INSPECTION. The LESSOR, upon prior written notice of at least two
(2) days to the LESSEE from the date of intended inspection, and within
reasonable time, may inspect the leased premises for the purpose of ensuring its
tenable condition or that the same is free from any obnoxious or hazardous
substances. Any loss or damage caused to any of the facility, goods or property
of the LESSEE by reason of any inspection without prior written notice may be
chargeable against the LESSOR;
5. SUBLEASE OR TRANSFER OF RIGHTS. The LESSEE shall not sublease, or in

any way transfer or assign its right over any portion of the leased premises,
without the written consent of the LESSOR, which consent shall not be
unreasonably withheld and no rights, title or interest under this agreement shall
be conferred on or vested to anyone other than the LESSEE;
6. WARRANTIES. The LESSOR, during the term of this agreement, shall warrant
the peaceful possession and enjoyment by the LESSEE of the leased premises;
7. TERMINATION. Lessee shall have the right to terminate this Lease upon the
occurrence of one of the following events: (1) Lessee relocates prior to the
expiration of the Lease term; (2) Lessee transfers title to the vehicle(s) described
in paragraph 1 of this Lease and, as a result, no longer needs use of the
designated parking space. In no event may Lessee terminate this Lease based
upon Lessee's election to park his/her vehicle in another location which is not
part of the premises;
IN WITNESS WHEREOF, the parties herein affixed their signature on the date and
place above written.
RAQUEL G. IGLESIAS MARIO F. CASTRO

Lessor Lessee
NOTARY PUBLIC
Doc No.________
Page No.________
Book No.________
Series of 2020

Garage Lease Agreement

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REPUBLIC OF THE PHILIPPINES)

CITY OF ___________________ )S.S

PARKING SPACE LEASE AGREEMENT

1. LEASE OF TERM. Lessor hereby lease to Lessee parking space located at # 37

3. SECURITY DEPOSIT AND ADVANCE. The LESSEE shall deliver to the

5. SUBLEASE OR TRANSFER OF RIGHTS. The LESSEE shall not sublease, or in

RAQUEL G. IGLESIAS MARIO F. CASTRO

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