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This Contract of Lease made and entered into this ___ day of _________ 2019 in
Taguig City, Metro Manila, Philippines, by and between:
- and -
WITNESSETH THAT-
1. TERM OF THE LEASE – The lease shall be for a period of TWO YEAR/s
commencing on MARCH 01, 2019 to FEBRUARY 29, 2020, renewable upon
mutual agreement of both parties.
2. LEASE RATE – The parties herein agreed that the monthly rental of the
Leased premises shall be TWENTY THREE THOUSAND PESOS
(23,000.00), inclusive of association dues only.
a. Upon signing this Contract of Lease, the Lessee shall pay the Lessor the
amount of “NINETY TWO THOUSAND Pesos” (92,000.00) for two
months advance and two months deposit plus twenty post dated ckecks.
d. The Leased Premises shall be used for residential purposes only and must
not be subleased without the written consent of the Lessor. The maximum
number of people allowed to live in the Leased Premises is seven (7)
including children and house helpers.
e. All expenses for water, electricity, telephone, internet and common area
dues shall be for the account of the LESSEE.
f. Upon signing of the Contract of Lease, the monthly rental will be paid
through checks dated every end of the month.
4. SANITATION AND REPAIRS – The LESSEE shall keep the premises clean
and in sanitary condition. The LESSOR shall NOT be responsible for all the
major repairs on the premises and on the water, electrical and sewage
installations caused by fault or negligence of the LESSEE, members of his
household, guests or visitors. Minor repairs costing Three Thousand Pesos
(P3,000.00) and below, shall be for the account of the LESSEE. Control of
pests, such as cockroaches, rats and the likes are for the LESSEE’s account.
14. RETURN of PREMISES – Upon termination of this contract, for any reason
whatsoever, the Lessee shall immediately vacate the premises and return the
possession there of to the in good/satisfactory, tenantable condition. The
inspection of the Leased Premises by the Lessor shall be conducted within
seven (7) days from the time of notification by the Lessee that the said premises
have been completely vacated. The Lessee also reserves its right to be present
during the inspection of the Leased Premises.
Cost of the general cleaning upon surrender of the LEASED PREMISES will
be for the account of the LESSEE. If the said premises be not surrendered at the
expiration of the lease, the LESSEE shall be responsible to the LESSOR for
ALL damages which the LESSOR may suffer by reason thereof.
16. BREACH or DEFAULT – Any violation of the terms and conditions of this
Contract of Lease on the part of the Lessee or the Lessor shall be sufficient
ground for the termination of this Contract of Lease. In the event of such
termination by breach of contract on the part of the Lessee, the security deposit
shall be forfeited in favor of the Lessor and be considered damages.
17. VENUE – Venue of all suits actions arising out of or in connection with this
contract shall be in Taguig City.
ACKNOWLEDGEMENT
_____________________________S.S.
BEFORE ME, a Notary Public for and in Taguig City, this _____ day of
__________, 2019, personally appeared the following persons with their Passport
Numbers as follows:
1.
2.
Known to me and to me known to be the same persons who executed the foregoing
Contract of Lease and who acknowledge to me that the same came in their own free and
voluntary deed.
This document consists of four (4) pages including this page where the
acknowledgement is written, signed on every page by the executive parties and their
instrumental witnesses.
Book No.___________
Series of 2019.