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    Lease Contract

    Uploaded by

    Michael Angelo Palma
    This document is a lease contract between Jonnel T. Alvarez representing his sister Presentacion T. Alvarez as the lessor, and Celeste Borja Cerdenia as the lessee. The lessee agrees to rent a residential property located at ARYANNA RESIDENCE, Block 4 Lot 14 Camarin Road, Caloocan City for a period of six months. The monthly rental rate is PHP 16,000 payable in two installments. The lessee also pays a deposit of PHP 48,000, which includes a security deposit equal to two months rent and one month advance rent. The lessee must pay rent by the day of each month along with utility receipts. If rent is

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Lease Contract

    Uploaded by

    Michael Angelo Palma
    178 views2 pages
    This document is a lease contract between Jonnel T. Alvarez representing his sister Presentacion T. Alvarez as the lessor, and Celeste Borja Cerdenia as the lessee. The lessee agrees to rent a residential property located at ARYANNA RESIDENCE, Block 4 Lot 14 Camarin Road, Caloocan City for a period of six months. The monthly rental rate is PHP 16,000 payable in two installments. The lessee also pays a deposit of PHP 48,000, which includes a security deposit equal to two months rent and one month advance rent. The lessee must pay rent by the day of each month along with utility receipts. If rent is

    Original Description:

    Contract of Lease property

    Original Title

    LEASE CONTRACT

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    This document is a lease contract between Jonnel T. Alvarez representing his sister Presentacion T. Alvarez as the lessor, and Celeste Borja Cerdenia as the lessee. The lessee agrees to rent a residential property located at ARYANNA RESIDENCE, Block 4 Lot 14 Camarin Road, Caloocan City for a period of six months. The monthly rental rate is PHP 16,000 payable in two installments. The lessee also pays a deposit of PHP 48,000, which includes a security deposit equal to two months rent and one month advance rent. The lessee must pay rent by the day of each month along with utility receipts. If rent is

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    178 views2 pages

    Lease Contract

    Uploaded by

    Michael Angelo Palma
    This document is a lease contract between Jonnel T. Alvarez representing his sister Presentacion T. Alvarez as the lessor, and Celeste Borja Cerdenia as the lessee. The lessee agrees to rent a residential property located at ARYANNA RESIDENCE, Block 4 Lot 14 Camarin Road, Caloocan City for a period of six months. The monthly rental rate is PHP 16,000 payable in two installments. The lessee also pays a deposit of PHP 48,000, which includes a security deposit equal to two months rent and one month advance rent. The lessee must pay rent by the day of each month along with utility receipts. If rent is

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    LEASE OF CONTRACT

    KNOW ALL MEN BY THESE PRESENT:

    This CONTRACT OF LEASE is made and executed at the City of _______________,


    this________________, by and between:

    That I, JONNEL T. ALVAREZ, Represent my sister named: PRESENTACION T. ALVAREZ, Filipino


    of legal age, single, with residence and postal address at Block 4 Lot 23 Villa Magdalena I,
    Camarin Caloocan City, Metro Manila, Phiippines., same above address, hereinafter reffered
    to as a LESSOR.
    -AND-

    That I, CELESTE BORJA CERDENIA, Filipino of legal age, single, with residence and postal
    address at 175 Camia St. Malaria , hereinafter referred to as the LESSEE.

    WITNESSETH

    WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a residential property situated
    at ARYANNA RESIDENCE , Block 4 Lot 14 Camarin Road, Caloocan City

    WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the LESSEE is
    willing to lease the same;

    NOWTHEREFORE, for and in consideration of the foregoing premises, the LESSOR leases unto
    the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED premises subject to
    the following:

    1. PURPOSE: That premises hereby leased shall be used exclusively by the LESSEE for
    residential purpose only and shall not be diverted to other uses. It is hereby expressly
    agreed that if at any time the premises are used for other purpose, the LESSOR shall
    have the rights to rescind this contract without prejudice to its other rights under the
    law.

    2. TERM: this term of lease is for SIX MONTH (6) From ____________ to ___________
    Inclusive. Upon its expiration, this lease may be renewed under such term and
    conditions as may be mutually agreed upon by both parties, written notice of intention
    to renew the lease shall be served to the LESSOR not later SEVEN ( 7) days prior to the
    expiry date of the period herein agreed upon

    3. RENTAL RATE: The monthly rental rate for the leased premises shall be in SIXTEEN
    THOUSAND PESOS (Php 16,000.00) Philippines Currency. All rental payments shall be
    payable to the LESSOR which is accepted in full payment or in two (2) gives as of a TEN
    THOUSAND PESOS ( PHP 10,000.00) Philippine Currency for first payment and FIVE
    THOUSAND PESOS ( Php 5,000.00) Philippines Currency for second payment ;
    4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this ontract and
    prior to move-in an amount equivalent to the rent for THREE (3) Months or the sum of
    FOURTY EIGHT THOUSAND PESOS (PHP 48,000.00) Philippine Currency, wherein THE
    TWO ( 2) MONTHS security deposit shall be applied to the remaining damage and any
    obligations, for utilities such as WATER, ELECTRICITY, ASSOCIATION, dues or resulting
    from violations of any of the provision of this contact and 1 month advance deposit , it
    can be used for last month of the RENTAL BEFORE LEAVING;
    5. PAYMENT OF RENT: SIXTEEN THOUSAND PESOS ( PHP 16,000.00) Philippines
    currency ) the LESSEE agrees to pay the LESSOR set forth on the ___________ day of
    every month with the latest official receipt of electricity ( MERALCO), water
    (MAYNILAD), and association or monthly dues of the current month for submission.
    6. DEFAULT PAYMENT: in case of default by the LESSEE in the payment of the rent, such
    as when the checks are dishonored , the LESSOR at its option may terminate this
    contract and eject the LESSEE . THE LESSOR has the right to padlock the premises
    when the LESSEE in default of payment for THREE(3) MONTHS and may forfeit
    whatever rental depose or advance have been given by the LESSEE.

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