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LUZVIMINDA A. LOPENA, of legal age, Filipino, with residence and address at 696
M. L. Quezon St., Brgy. Sucat, Muntinlupa City, herein referred to as the “LESSOR”;
- and -
- WITNESSETH -
WHEREAS, the LESSEE has offered to lease the leased house and the LESSOR
has agreed to lease unto the LESSEE the said house hereinafter known as the LEASED
PREMISES;
1. TERM: This contract of lease shall be valid for ONE (1) YEAR commencing
February 1, 2016 and will expire on January 31, 2017, renewable upon mutually agreed
terms by giving the LESSOR thirty (30) day notice prior to the expiration of lease.
2. RENTAL PAYMENT: The parties agreed that the rental for the leased premises shall
be payable in Philippine Currency, without necessity of demand, at a monthly rate of
FOUR THOUSAND FIVE HUNDRED PESOS, (P4,500.00) inclusive of all government
required fees and taxes to be paid on or before the 30th day of the month.
4. PUBLIC UTILITIES: Applications for telephone, internet connection and cable shall
be undertaken by the LESSEE. All expenses for consumption of water, electricity and all
other utilities shall be for the account of the LESSEE.
5. FIXED IMPROVEMENTS: The LESSEE shall not make any structural changes,
alterations and improvement without the written consent of the LESSOR. However, any
major alterations or improvements made and introduced by the LESSEE in the leased
premises with the written consent of the LESSOR shall, upon termination of this contract
automatically inure to the benefit of said premises and become property of the LESSOR
without any obligation on the latter’s part or refund for its value or cost to the LESSEE.
7. SANITATION AND REPAIRS: The LESSEE shall maintain the leased premises
clean and in good condition and keep them at all times in very good conditions. The
LESSOR shall be responsible for all major repairs on the water, electrical, and sewage
installations cause by wear and tear except repairs due to the negligence of the
LESSEE, member of his employees, guests or visitors. Minor repairs shall be for the
account of the LESSEE. for the purpose of clarifying these provisions, major repairs are
those costing FIVE THOUSAND PESOS (P5,000.00) or more and minor repairs are
those each costing less than FIVE THOUSAND PESOS (P5,000.00).
9. TAXES AND INSURANCE: Real estate and other government assessments shall
be for the LESSOR’S account. LESSEE, at his option and interest, may secure an
appropriate policy over their respective insurable interest on the premises subject of this
lease and in case of occurrence of the event insured against, either partial or total loss
or damage, the LESSOR shall not be liable for such loss or damage. The LESSEE shall
shoulder his own damages and shall hold the LESSOR free from any or such liability.
10. FORCE MAJEURE: If whole or any part of the leased premises shall be destroyed
or damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any other
unforeseen disabling cause of acts of God, as to render the leased premises during the
term substantially unfit for use and occupation of the LESSEE, then this lease contract
may be terminated without compensation by the LESSOR or by the LESSEE by notice in
writing to the other.
11. LESSOR'S RIGHT OF ENTRY: The LESSOR or its authorized agent shall after
giving due notice to the LESSEE shall have the right to enter the premises in the
presence of the LESSEE or its representative at any reasonable hour to examine the
same or make repairs therein or for the operation and maintenance of the building or to
exhibit the leased premises to prospective LESSEE, or for any other lawful purposes
which it may deem necessary.
14. RETURN OF PREMISES: Upon termination of this Contract for any reason
whatsoever, the LESSEE shall immediately vacate the premises and return possession
thereof to the LESSOR upon the latter’s request, unless this Contract of LEASE is
extended. The LESSOR may show the premises to prospect tenants 1 month prior to
expiration of the contract of lease at reasonable hours within the least 24-hour notice to
the LESSEE.
15. JUDICIAL RELIEF: Should any one of the parties herein be compelled to seek
judicial relief against the other, the losing party shall pay an amount of One Hundred
(100) % of the amount clamed in the complaint as attorney's fees which shall in no case
be less than P50,000.00 pesos in addition to other cost and damages which the said
party may be entitled to under the law.
16. This CONTRACT OF LEASE shall be valid and binding between the parties, their
successors-in-interest and assigns.
IN WITNESS WHEREOF, the parties have hereunto set their hand in the City of
Muntinlupa on this 1st of February 2016.
LESSOR: LESSEE:
__________________________ __________________________
ACKNOWLEDGEMENT
BEFORE ME, Notary Public, for and in the City of Muntinlupa, appeared
Luzviminda A. Lopena with Passport No. _____________ issued on ______________ in
________________ and John Vincent Olayres with Passport No _________________
issued on __________________ in _______________, known to be the same persons
who executed the foregoing instrument and acknowledge to me that the same is their
free and voluntary act and deed.