LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of Makati, this day of
________, 2016, by and between:

YASSER A. CARLOMAN, of legal age, Filipino and with residence address at 2855D,
Finlandia Street, and the hereinafter referred to as the LESSOR.
-AND_________________________, of legal age, Filipino and with residence address at
__________________________________________________________________, hereinafter
referred to as the LESSEE.
WITNESSETH; That
WHEREAS, the LESSOR is the long-term lessee of the leased premises, a residential
lot situated at Lot 32 Block 17 Visaya Street, Guadalupe Nuevo, Makati City;
WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the
LESSEE is willing to lease the same;
NOW THEREFORE, 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:
TERMS AND CONDITIONS
1. PURPOSES: That premises hereby leased shall be used by the LESSEE expressly
agreed as the processing and storage of bread products and parking of vehicles;
2. TERM: The term of this lease agreement is for Three (3) years, subject for renewal of
Three (3) year periods thereafter at the sole option of the LESSEE.
3. RENTAL RATE: The monthly rental rate for the leased premises shall be in PESOS:
TWENTY THOUSAND (Php10,000.00), Philippine currency. The LESSEE shall pay
two month advance and ten months deposit upon signing this contract. All rental
payments shall be made payable to the LESSOR.
4. RENTED PROPERTY: The Property leased is to be determined by the LESSOR and
communicated to the LESSEE upon signing of this contract; measuring 3 meters by 7
meters at any portion of the lot as the LESSOR may determine.
5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the
monthly rent for two (2) consecutive due dates after the advance payments have been
charged, the LESSOR has the right to extra-judicially repossess the lease property,
without need of further demand. The LESSOR also has the right to padlock the premises
and/or cut off the services of utilities.
6. FORCE MAJURE: 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.
7. LESSORS RIGHT OF ENTRY: The LESSOR or its authorized agent shall after
giving actual and affirmed 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 for any other lawful purposes which it may deem necessary.
8. EXPIRATION OF LEASE: At the expiration of the term of this lease or cancellation
thereof, as herein provided, the LESSEE will promptly deliver to the LESSOR the
leased premises with all corresponding keys and in as good and tenable condition as the
same is now, ordinary wear and tear expected devoid of all occupants, movable furniture,
articles and effects of any kind. Non-compliance with the terms of this clause by the
LESSEE will give the LESSOR the right, at the latters option, to refuse to accept the
delivery of the premises and compel the LESSEE to pay rent there from at the same rate
plus Twenty Five (25) % thereof as penalty until the LESSEE shall have complied with
the terms hereof. The same penalty shall be imposed in case the LESSEE fails to leave
the premises after the expiration of this Contract of Lease or termination for any reason
whatsoever.
The LESSEE is obliged and see to it that any structures, edifice, housing he have
temporarily built to serve his purpose, shall be removed, demolished and that the whole
premises shall be cleaned and completely vacated by any occupants after the expiry of
this contract.
9. EXTRAJUDICIAL CANCELLATION OR RESCISSION: The LESSOR shall have
the sole option to extra-judicially cancel or rescind this lease contract on account of
breach by the LESSEE of any of the terms and conditions of this contract. For this
purpose, all terms and conditions of this contract are conclusively deemed as essential to
the parties entry into and execution of this contract of lease.
10. EXTRAJUDICIAL REPOSSESSION OF PREMISES: Upon failure of the LESSEE
to comply with any of the terms and conditions of this lease, as well as such other terms
and conditions which may be imposed by the LESSOR upon renewal of this agreement,
including refusal of the LESSEE to vacate the premises upon expiration of this lease, the
LESSOR shall have the right , upon fifteen (15) days written notice to the LESSEE, or
in his absence, upon written notice posted at the entrance or other conspicuous place of
the leased premises, to enter and take possession of the said lease premises, without
compensation to the LESSEE, holding in his trust and custody such possessions and
belongings of the LESSEE found therein, after an inventory of the same in the presence
of a witness, all these acts being hereby agreed to by the LESSEE as tantamount to his
voluntary vacation of the leased premises without the necessity of suit in court. For this
purpose, all terms and conditions of this contract are conclusively deemed as essential to
the parties entry into and execution of this contract of lease.
11. The LESSEE agrees to receive demand at the leased premises by leaving a copy therein
with a person of suitable age and discretion or by registered mail.
12. The LESSEE shall be responsible for securing necessary permit required by law for his
operation. The LESSEE shall also be in account for applying water meter and electric
meter in his name.
IN WITNESS WHEREOF, parties herein affixed their signatures on the date and place
above written.

Edgardo A. Francisco
Lessor

Yasser A. Carloman
Lessee
Signed in the presence of:

__________________________

__________________________

ACKNOWLEDGEMENT
Republic of the Philippines)
City of Makati
)S.S.
Before me, personally appeared:
Name

Valid Ids

Date/Place Issued

Edgardo A. Francisco
Yasser A. Carloman
Known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that the same is their free and voluntary act and deed.
This instrument consisting of three (3) pages, including the page on which this
acknowledgement is written, has been signed on each and every page thereof by the concerned
parties and their witnesses, and sealed with my notarial seal.
WITNESS MY HAND AND SEAL, on the date and place first above written.
Doc. No. _____
Page No. _____
Book No. _____
Series of 2016.

ACKNOWLEDGEMENT RECEIPT

Received the amount of SIXTY THOUSAND PESOS (Php60,000.00) from YASSER A.

CARLOMAN, of legal age, Filipino and with residence address at 110 Geneva Pine Crest,
Aurora Blvd., New Manila, Quezon City as two months deposit and one month advance for the
lease of lot at Lot 32 Block 17 Visaya Street, Guadalupe Nuevo, Makati City.

Edgardo A. Francisco
Lessor