1. RATE. The lease rate is FIFTeen THOUSAND PESOS ONLY (P 15,000.
00) per
month inclusive of all govemment required fees and taxes, to be paid on or
before the tenth (10th) day of the succeeding month;
2. ADVANCE RENTAL PAYMENT AND SECURITY DEPOSIT. Upon signing of this
contract, the lessee shall remit a two (2) months advance rental payment and a
two (2) months security deposit, as follows:
a. Two (2) months advance rental payment: Thirty Thousand Pesos (Php 30,000),
applied as rental for the two (2) months of this contract.
b. Two (2) months security deposit: Thirty Thousand Pesos (Php 30,000), to serve as
security deposit for any unpaid utility bills such as electricity, water, telephone,
internet and others, and to answer for any damages which Leased Premises may
suffer.
c. To ensure the payment of the lease rentals, Lessee shall issue 12 Post dated
checks every start of the contract year dated not later than the _____ day of
each and every month, with the full assurance that these are adequately
funded.
3. USE OF THE PREMISES. The leased area shall be used by the LESSEE for as office
space and shall not be converted into another use without prior authority from
the LESSOR. The use of the premises shall be subject to the uniformly
applicable building rules and regulations which the LESSOR may subsequently
provide to all lessees and or occupants with the objective of safeguarding their
persons and personalities, the common safety and welfare and more
important, fostering a desirable relationship among and between the lessee's
occupants and building administration. The premises shall not be used or
permitted to be used for residential, lodging or sleeping purposes or for the
storage of personal effects or property not required for business purposes;
4. UTILITIES. The Lessee shall, at his own expense, pay for the consumption of
water, electricity, telephone or other services in the leased premises, all repairs
in the utility service system therein shall be made by the Lessee. The lessee
shall also clear all accounts with all concerned utility companies upon pre-
termination or expiration of contract.
5. RESPONSIBILITIES OF BOTH PARTIES:
A. The LESSEE hereby agrees to keep the leased premises in clean,
good and sanitary condition at all times in accordance with quality
standards of the building;
B. The LESSOR shall not be liable for the presence in the leased premises of
bugs, vermin, rats, ant, termites, insects and other pest of any kind or
nature whatsoever;
C. The common corridors, hallways and lobbies of the building are
destined as passageway for ingress to and egress from the leased
premises and no obstruction shall be caused therein;
D. The LESSEE shall not caused the exterior facade of the building to be
changed or altered in any way, without the prior written consent of the
LESSOR;
E. The LESSEE shall see to it that the leased premises are free from
obnoxious odor and other nuisances, and that it be used in a manner
that will not disturb the peace and tranquility of the other building
occupants;
F.
J. The LESSOR shall see to it that the premises are rendered in a tenable
condition. In the event certain or destruction is caused by the
occurrence or natural events, immediate repair or restoration shall be
undertaken by the LESSOR granting moratorium or waiver of rental
payment for the period of time needed for such repair or restoration;
K. The LESSEE shall undertake all ordinary repairs on the leased premises at
its own cost. Repair on the electric outlets, telephone, switchboxes, air
conditioning facilities, electrical wiring and plumbing fixtures shall
likewise be for the account of the LESSEE;
L. The lessee shall not start or proceed with any work nor in any case
introduce improvements or make any alterations in the leased premises
without the prior written consent and approval of the Lessor; and the
parties agree that all improvements or alterations of whatsoever nature
such as may be made thereon shall, upon completion thereof, form
integral part of the leased premises and shall not be removed therefrom
but shall belong to and become the exclusive property of the Lessor,
without any right on the part of the Lessee to the reimbursement of the
cost or value thereof.
M.
N. The LESSOR warrants that the LESSEE shall have the peaceful possession
of the leased premises for the duration of the term agreed upon except
when the disturbance is caused by natural calamities or acts outside
LESSOR'S control;
12. LAWS AND ORDINANCES. The LESSEE shall comply and abide with the
ordinance of the city regarding the cause of the premises, comply with health
regulations and secure permits or license business operations;
13. INJURY TO THIRD PERSON. The LESSEE shall be solely responsible for any
harm or injury as may be suffered by its employee or third person while within
the leased premises, when the acts complained of were caused by its
negligence;
14. INSPECTION OF PREMISES. The LESSOR or his/its representatives, with the
proper notice to the LESSEE and at a reasonable hour of any working day, shall
be allowed entry to the leased premises to conduct inspection for repairs or
improvements. Subsequent access to the leased premises shall be given to the
authorized person/s who will undertake the repair or improvement in order to
lessen inconvenience to the employee and clients, or avoid disruption of office
work or activities;
16.SUBLEASE, TRANSFER OR RIGHTS. The transfer of rights of the LESSEE under this
contract and /or the sublease of any part or portion of the leased premises or
to sell the property without need of a prior notice to the LESSOR is given and
approval of the latter is secured. Any violation of this condition will be basis for
the termination of the contract;
17. VIOLATION. A violation by one of the parties of any of the terms and
conditions set forth herein result as a right or basis for the termination of this
contract. In such event, the aggrieved party will make a formal notice to
terminate then obtaining the parties shall endeavor to amicably or extra judicial
settlement cannot be arrived at the termination of the contract if the only
solution;
19. TERMINATION
A. This contract of lease shall end on the terminal date agreed upon there
being no renewal or agreed upon by the parties;
B. It shall also be terminated due to the violation or breach by one of the
parties of any of the agreed terms and conditions and amicable
settlement cannot be reach by the parties;
C. The same shall also be terminated when as a result of the occurrence of
natural calamities, the leased premises is rendered in a condition unfit
for occupancy;
The LESSOR shall not be answerable or responsible for any damage or injury to
the properties of the LESSEE caused by the destruction of the leased premises
due to natural events or to any cause that is beyond the LESSOR'S control;
D. Any party may terminate this CONTRACT OF LEASE for any cause at any
time before the expiration of the term agreed upon by giving the other
party thirty (30) days written notice of termination prior to the intended
date without incurring any liability as to the damages, subject to the
terms and conditions set forth in the proceeding sub paragraphs;
20. DELAY IN VACATION OF THE PREMISES. Except as provided for in the
immediately paragraph, if the premises is not vacated within five (5) days
grace period allowed by the LESSOR, then the LESSOR, then the LESSEE shall
be charged with the corresponding daily rentals of the premises to be
affected from the terminal to the date when the premises is totally vacated;
21. NON-WAIVER. The failure of the LESSOR to insist upon the strict
performances of any of the terms, conditions, and covenants hereof shall not
be deemed a relinquishment or waiver of any subsequent breach or default
of such terms and conditions and covenants;
LITIGATION AND VENUE. In the event judicial relief against the guilty party if
filed before the regular courts, for the enforcement of the terms and
conditions in the contract, the guilty party, in addition to any other
damages that may be awarded
