CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of Dumaguete, this ___ day of 20___, by
and between:

(NAME OF LESSOR), of legal age, married, Filipino and with residence and
postal address at (Address), hereinafter referred to as the LESSOR,

- and –

(NAME OF LESSEE), of legal age, (single/married), Filipino and with

residence and postal address at (Address), hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of a residential property situated at (Address of the property to be
leased), hereinafter referred to as the LEASED PREMISES;

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. PURPOSE. LESSEE shall use the LEASED PREMISES exclusively for residential purposes
only and shall not be diverted to other use. It is hereby expressly agreed that if, at any time, the premises
are used for other purposes, the LESSOR shall have the right to rescind this Contract without
prejudice to other rights under the law.

2. CONDITION OF THE PREMISES. The LESSEE hereby acknowledges to have received the
LEASED PREMISES as-is in a clean, safe, and good working condition. LESSEE must use
customary diligence in maintaining the LEASED PREMISES and hereby expressly agrees to avoid
damaging or littering the common areas.

3. TERM. The term of this Contract of Lease is ONE (1) year from (Start) to (End), unless the
LESSOR notifies the LESSEE that the premises shall be used for whatever purposes, at least TWO
(2) months from the date of actual use thereof. Upon its expiration, this Contract of Lease may be
renewed under such terms and conditions as may be mutually agreed upon by both parties. Written
notice of intention to renew the lease shall be served to the LESSOR not later than SEVEN (7) days
prior to the expiry date of the period herein agreed upon.

4. RENTAL RATE. The monthly rental rate for the LEASED PREMISES shall be (AMOUNT IN
WORDS) (Php _______), payable on or before the _____ day of each calendar month, without need
of demand.

a. Advance Rental. Upon the execution of this Contract, LESSEE agrees to pay in advance
TWO (2) month’s rent which will be applied to the last two (2) months of the Lease term;

b. Security Deposit. Upon the execution of this Contract, LESSEE agrees to pay a security
deposit in an amount equivalent to ONE (1) month’s rent, as security for the faithful
compliance of the LESSEE of all terms and conditions of this Contract and for the return of
the LEASED PREMISES in good and proper condition, as well as to answer for any and all
repairs, damages, and the maintenance of the LEASED PREMISES. The Security Deposit
cannot be applied by the LESSEE to any unpaid rental(s) or to any other liability of the
LESSEE to the LESSOR. The Security Deposit shall, unless the same is subject to forfeiture
under this Contract, be refunded to the LESSEE, without any interest thereon, within sixty
(60) days after the expiration of the lease and after the LESSEE has moved out of and vacated
the LEASED PREMISES, whichever is later.

i. DEDUCTIONS TO SECURITY DEPOSIT. The following charges shall be

deducted from the Security Deposit: unpaid utilities; unreimbursed advances; repairs
on damages to the premises caused by negligence, carelessness, accident, or abuse
including stickers, scratches, tears, burns, stains or unapproved holes; maintenance of
the LEASED PREMISES which includes its repainting; unreturned or lost keys;

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 CONTRACT OF LEASE

government fees or fines against LESSOR for LESSEE’s violation of laws, decrees
or ordinances, and any other sums due under this Contract.

5. DEFAULT PAYMENT. In case of default by the LESSEE in the payment of ANY rent due, or if
LESSEE violates or defaults in any of the provisions of this Contract, the LESSOR shall have the
right to terminate this Contract, without prejudice to his right to have the Security Deposit and all
advances made forfeited in his favor.

6. SUB-LEASE. The LESSEE shall not directly or indirectly sublet, allow or permit the LEASED
PREMISES to be occupied in whole or in part by any person, form or corporation; neither shall the
LESSEE assign its rights hereunder to any other person or entity and no right of interest thereto or
therein shall be conferred on or vested in anyone by the LESSEE without the LESSOR’s written
approval.

7. UTILITY SERVICES. All charges for the electricity, water and other utility services to the LEASED
PREMISES shall be for the sole account of the LESSEE. LESSEE shall promptly pay all utility
charges directly to the utility company concerned. The LESSOR will not be liable for the
discontinuance of or interruptions in utility services to the LESSEE due to any cause or reason
whatsoever.

8. LOSS and FORCE MAJEURE. The LESSOR is not liable to any resident, guest, or occupant for
injury, damage, or loss to person or property from any cause including fire, smoke, rain, flood, water
leaks, lightning, explosions, theft, negligent or intentional acts of residents, guests, or criminal conduct
of other persons including theft, robbery, assault, vandalism or other crimes. If whole or any part of
the LEASED PREMISES shall be destroyed or damaged by reason of FORCE MAJEURE1 as to
render the LEASED PREMISES during the term of the Contract unfit for use and occupation, this
Contract is deemed terminated without compensation by the LESSOR or by the LESSEE by notice
in writing to the other.

9. ALTERATIONS. The LESSEE expressly agrees not to introduce any improvements or make
alterations in or to the LEASED PREMISES. Any improvements to the LEASED PREMISES (with
or without LESSOR’s consent) shall become property of the LESSOR unless agreed otherwise in
writing.

10. MAINTENANCE, REPAIR and REPLACEMENT. LESSEE shall well and sufficiently
preserve, repair and maintain the LEASED PREMISES in good, clean tenantable condition. The
premises and all additions and installations supplied by LESSOR shall be kept in a good, clean,
working condition. LESSEE shall take all such steps and precautions at his/her own cost to prevent
the Leased Premises from becoming infested with termites, rats, mice, cockroaches or other pests or
vermin. Should LESSEE fail to maintain the Leased Premises properly such that the same is infested
with pests, LESSOR may employ pest control services on the Leased Premises and charge the cost
thereof to LESSEE. All minor repairs in the apartment will be at the LESSEE’s sole expense. Major
repairs not caused by or attributable to LESSOR’s fault or negligence shall be for the LESSEE’s sole
account.

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 LEASED PREMISES or to exhibit it to prospective lessee, or for any other
lawful purposes which it may deem necessary.

12. EXPIRATION OF THE CONTRACT. Upon the expiration of the term of the Contract, or upon
the termination of this contract, the LESSEE shall immediately and peacefully return to the LESSOR
the possession of the LEASED PREMISES in as good, clean, sanitary and tenantable condition as
when the LESSEE received it from the LESSOR, reasonable and ordinary wear and tear excepted,
devoid of all occupants, furniture, and personal articles, and effects of any kind.

13. REMEDIES FOR BREACH. If the LESSEE violates any of the terms or conditions of this
Contract, the LESSOR may, in addition to any other remedies or recourse prescribed by law, pursue
any or all of following remedies, simultaneously or successively, as follows:

(a) To terminate this Contract of Lease without the need of any prior notice, demand or judicial
declaration;

(b) To immediately repossess the LEASED PREMISES without the necessity or instituting any judicial
or court action. In this connection, the LESSEE hereby names, constitutes, and appoints the

1
Force Majeure – fire, flood, lightning, typhoon, earthquake, storm, riot or any other unforeseen, disabling cause
of acts of God.

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 CONTRACT OF LEASE

LESSOR, its authorized agents, employees, and/or representatives, as its attorney-in-fact, with full
power and authority, to open, break-open, padlock, enter, occupy, secure the premises, to clean up,
make repairs in, and relet the apartment, remove property left in the apartment and to take such other
steps and employ such other means to enable the LESSOR to take full and complete physical
possession and control of the LEASED PREMISES, barring the LESSEE from entering it.

The LESSEE hereby expressly stipulates and agrees that any or all acts done or performed by the
LESSOR, its authorized agents, employees and/or representatives under the preceding provision may
not be the subject of any petition for a temporary restraining order or writ of preliminary injunction
or mandatory injunction in court, and that the LESSOR and/or its authorized agents, employees, or
representatives will be free and harmless from any civil and/or criminal liability or responsibility
therefor.

(c) To demand and receive from the LESSEE payment for any and all unpaid rentals, fees, charges,
damages, and other financial obligations stipulated in, or arising out of this Contract;

(d) To automatically forfeit the Security Deposit in its favor.

14. LITIGATION. In the event the LESSOR is compelled to seek judicial relief against the LESSEE
in order to enforce any or all of its rights under this Contract, the LESSEE, in addition to any other
damages that may be awarded by the Court, hereby agrees to pay an amount equivalent to twenty-five
(25%) percent of the amount claimed but in no case less than P50,000.00, as and by way of attorney’s
fees, aside from the costs of litigation, and other expenses which the law entitles the offended party to
recover from the offending party. The parties hereby agree to submit any action arising from or
incident to this Contract to the jurisdiction of the proper courts of Dumaguete City only, to the
exclusion of all other venues.

15. This CONTRACT OF LEASE shall be valid and binding between the parties, their succesors-in-
interest and assigns.

IN WITNESS WHEREOF, parties herein affixed their signatures on the date and place abovementioned.

_________________________ ________________________
LESSOR LESSEE

Signed in the presence of:

_________________________ ________________________

ACKNOWLEDGEMENT

BEFORE ME, a Notary Public for and in _____________________, personally came and appeared:

Name CTC No. Date/Place of Issue

(LESSOR)
(LESSEE)

known to me and to me known to be the same persons who executed the foregoing Lease Contract and they
acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND NOTARIAL SEAL, on the date and at the place first above written.

Doc. No. _________;

Book No. _________;
Page No. _________;
Series of _________.

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