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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease, made and entered into by and between:

YOLANDA LAZO, of legal age, married/single, Filipino with residence and postal
address located at 1520 E. Quintos St., Sampaloc, Manila, hereinafter referred to as the
"LESSOR" ;

- and –

KATHLEEN KAYE P. EUGENIO, likewise , of legal age, Filipino, single, and presently a
resident of 15-1 Tower I Manhattan Parkway, Gen. Malvar St., Bgy. Socorro, Cubao, Quezon
City , hereinafter referred to as the "LESSEE";
 

WITNESSETH: that -

WHEREAS, the LESSOR is the owner of a condominium unit located at Gen. Malvar St., Bgy.
Socorro, Cubao, Quezon City , more particularly described as follows:

“ 15-1 Tower I Manhattan Parkway”

WHEREAS, the LESSEE desires to occupy the above-named condominium unit and the
LESSOR is willing to lease the same unto the LESSEE, subject to the terms
and conditions herein below set forth.

NOW, THEREFORE, for and in consideration of the foregoing premises and the covenants
hereinafter stipulated, the parties hereby agree as follows:

1.Term: This lease shall be for a duration of two (2) years commencing from _____________

and to end on _____________, renewable at the option of the LESSEE at such new terms
and conditions as may agreed upon by the parties.

2. Rental: The LESSEE agrees to pay the LESSOR the monthly rental fee of Pesos:
EIGHTEEN THOUSAND (P18,000.00), Philippine currency. Upon
signing of this Contract of Lease, the LESSEE shall pay the LESSOR __________ (_____)
months' rentals in advance to be applied on the last __________ (_____)
months of the term of this LEASE. The LESSEE shall also issue Twenty Four (24 ) post-dated
checks covering the monthly rentals for the duration of this LEASE. ( Note : Advance rentals
shall no longer be applicable considering that this is a renewal of contract wherein Lessor
already placed advance rentals during the previous contract)

3. Deposit: The LESSEE shall also pay the LESSOR the sum of __________ (_____) months
deposit of Pesos: _____________ (P___________), Philippine Currency, 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 favor of the LESSOR. (Note: Deposit shall no longer be
applicable considering that this is a renewal of contract)

4. Association Dues: Association dues per month of Pesos: _____________ (P___________),

Philippine Currency 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
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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 guarantee 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. Insurance: The LESSOR shall insure the leased premises against fire. Should the leased
premises be damaged by fire, earthquake, storm or any fortuitous events to the extent that the
same be rendered untenable this agreement shall be automatically canceled and the deposit as
well as the unused portion of the advance rentals be refunded within thirty (30) days, minus any
unpaid obligation.

9. 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
fails 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.

10. Inspection of the Premises: To ensure that the lease premises 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 premises during reasonable
hours and as the occasion thereof might require.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.
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16. Violations: The LESSOR may, at this options, consider this agreement automatically
rescinded and canceled, 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 two (2) months 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 premises 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 contact of lease based on any of the foregoing grounds and upon

demand, the LESSEE shall immediately vacated and peacefully surrender
possession of the lease premises to the LESSOR or his duly authorize representative.

17. Remedies: In addition to the provisions of the proceeding 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 disconnect all facilities such as but not limited to electricity,
telephone, water in the leased premises without need of further notice to the LESSEE.
b.Likewise, until the aforesaid unpaid obligations are paid or settled, the LESSEE hereby given
the rights, to re-renter the lease premises, remove all persons therefrom, take
possession of any of all furniture, fixtures and equipment's found thereon or therein and/or
padlocked the door of the premises.

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 all the furniture, fixtures and equipment's that may found on the premises
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 furniture's fixtures equipment 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 the
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 should proved to be inadequate to fully payer 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.
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18. 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 Fifteen
(15%) percent of the total amount involved pr claimed by the LESSOR as against the LESSEE
plus all court expenses and/or costs of litigation.

19. Venue: All court actions from this contact of lease shall be filed only in the proper
Metropolitan Trial Courts of  Quezon City , Philippines to exclusion of all other courts.

20. 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.

IN WITNESS WHEREOF, the parties have hereunto set their hands, this _____________ at
Quezon City, Metro Manila , Philippines.

YOLANDA LAZO KATHLEEN KAYE P. EUGENIO

Lessor Lessee

SIGNED IN THE PRESENCE OF:

__________________ _________________

(ACKNOWLEDGMENT)

Republic of the Philippines)

Quezon City, Metro Manila) S.S.

BEFORE ME, a Notary Public for and in the above jurisdiction on this ___ day of
____________, 2020 personally appeared the following with their respective competent proof of
identity, to wit:

Name Valid ID Date Issued

Yolanda Lazo ________________________ ___________________

Kathleen Kaye Eusebio ________________________ ___________________

Known to me to be the same persons who executed the foregoing instrument which is a
Contract f Lease consisting of four (4) pages including this page whereon this acknowledgement
has been written signed by the parties and their instrumental witness on each and every page
hereof and acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL on the date and at the place first above-written.

Doc. No. ______

Page No. ______
Book No. ______
Series of 2020.