CONTRACT OF LEASE
KNOW ALL MEN BY THIS PRESENTS:
This Contract, made and executed in Parañaque City, this ___ day
of _______________, by and between:
_________________, of legal age, Filipino and with
address at ________________________________,
hereafter known as the LESSOR,
-and-
__________________, of legal age, Filipino and with
address at ___________________, hereinafter known as
the LESSEE.
WITNESSETH:
WHEREAS, the LESSOR is the rightful owner of a commercial
space situated at _____________________.
WHEREAS, the LESSEE desires to lease from the LESSOR the
said commercial space.
NOW, THEREFORE, for and in consideration of the foregoing
lease of commercial space, and payment of the rent herein after set forth,
the LESSOR hereby leases to the LESSEE and the LESSEE hereby rents
and takes by way of lease the aforesaid commercial space subject to the
following terms and conditions, to wit:
(1) Term. - This lease is for a period of one (1) year beginning
______________ up to ________________________. This contract shall
be renewable upon mutual agreement of the parties.
(2) Rate. - The rental for the leased premises shall be
P_________ per month, payable every _________ (__) days of the
month.
(3) Advance and deposit. - The LESSEE shall give the
LESSOR _________ (_) month advance rental and ______ (__) months
guarantee deposit in the total amount of P____________, receipt hereof is
acknowledged by the LESSOR. The one (1) month advance rental will be
used by the LESSEE for the last month of his stay in the leased premises.
The two (2) months guarantee deposit will be used by the LESSOR to pay
for the last month of electricity and water consumed and to answer for
whatever damages caused by the LESSEE on the leased premises. Any
remaining amount from the guarantee deposit after said expenses will be
refunded to the LESSEE.
(4) Use of the premises. - The leased premises shall be used
for commercial purposes only and shall not be used for illegal or immoral
purposes such as but not limited to, illegal trade, prostitution joint, drug or
gambling den, gun running activities or human smuggling. The LESSEE
shall be solely responsible for such illegal and immoral activities and shall
hold free and harmless the LESSOR from any or all criminal or civil
prosecution.
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(5) Subleasing. - The LESSEE shall not sublease to any third
party or allow persons not members of his household to live therein
without the knowledge and written consent of the LESSOR. The LESSEE
shall not assign or transfer this lease to any third persons without the
written consent of the LESSOR.
(6) Improvements.- The LESSEE may introduce improvements
on the leased premises only with the knowledge and written consent of the
LESSOR, but such improvements so introduced shall all pertain to the
LESSOR upon termination or expiration of this contract. Any
improvements so introduced by the LESSEE without the knowledge and
consent of the LESSOR shall be a breach of this contract. The LESSOR
has the right to remove the same anytime without right of reimbursement
by the LESSEE. The LESSEE shall further shoulder the cost of removal or
demolition of such illegal improvements.
(7) Utilities.- Any liabilities that may arise from the LESSEE'S
use of water and electricity shall be the LESSEE'S sole responsibility.
(8) Upkeep of property.- The LESSEE admits that the premises
is in good condition and shall surrender to the LESSOR the same
condition upon termination of the contract. The LESSEE shall take good
care of the leased premises and shall not, among others, recklessly drive
nails into the cement wall of the building so as not to have unnecessary
destruction thereto. Any damage caused to the building shall be repaired
by the LESSEE.
(9) Repairs.- Minor repairs needed for the upkeep of the leased
premises, including fixing of door knobs, replacement of light bulbs,
obstructed lavatory and faucet fittings, holes in cement walls from nails
and those due to wear and tear and damages due to the fault and
inadvertence of the LESSEE or members of his household and/or
employees shall be the LESSEE'S responsibility and expense. Major
repairs shall be for the account of the LESSOR. Major repairs will include
roofing and walls damaged by typhoon and obstructed drainage pipes and
cleaning of septic tank.
(10) Restrictions. - No firewood or charcoal shall be used as fuel
by the LESSEE inside the commercial space. No unnecessary noise,
smoke, or foul odor shall likewise be permitted therein.
(11) Inspection.- The LESSOR or his authorized agent shall
have the right to inspect the leased premises during reasonable hours of
the day.
(12) Termination of lease.- The LESSOR shall have the right to
terminate this contract upon breach by the LESSEE of any of the terms
hereof. For this purpose, failure to pay two (2) consecutive months rent
within the time specified shall be considered as a breach of contract. If
however the LESSEE decides to pre-terminate, he will inform the
LESSOR two (2) months before he vacates. In case of pretermination, the
LESSEE, shall forfeit the one (1) month advance deposit. In addition, the
LESSEE shall pay all the accrued bills and payables for electric and water
consumption and for whatever damages. In case of breach of contract, the
LESSEE hereby authorized to cut off the supply of electricity and water,
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and for this purpose the LESSOR is authorized to make representation
with MERALCO and MAYNILAD.
(13) Court Litigation.- In case of the court litigation, the guilty
party or the one who violated the terms and conditions shall be liable for
the payment of attorney's fees and other litigation expenses.
14) Lien.- The LESSOR shall have a lien on all properties of the
LESSEE inside the leased premises whenever the latter becomes
delinquent. If the LESSEE desires to vacate the leased premises, the
LESSOR shall have the right to withhold from the LESSEE any
property/properties or money of such value as to compensate for the
delinquency.
Signed by the parties this 1st day of September 2012 in the City of
Parañaque.
_____________________ ___________________
Lessor Lessee
SIGNED IN THE PRESENCE OF:
____________________ ___________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES )
CITY OF PARAÑAQUE ) S.S.
BEFORE ME, this ___ day of __________, in the City of
Parañaque, personally appeared the following persons:
IDENTIFICATION CARDS
VALID PLACE
NUMBER UNTIL ISSUED
_____________________
_____________________
known to me and to me known to be the same persons who executed the
foregoing instrument which they acknowledgment before me as their free
and voluntary act and deed.
WITNESS MY HAND AND SEAL at the place and date above
written.
Doc. No. Notary Public
Page No.
Book No.
Series of 2014.
