CONTRACT OF LEASE

 
 
          I, ________________ , of legal age, single/married to
___________ , and a resident of ________________________, in
consideration of the agreements hereinafter contained, do hereby lease unto
______________ , of legal age, single/married to
______________________ , Filipino citizen, and with residence and postal
address at _________________ for a period of ____________
months/years from and after ___________ , 200___ , that certain parcel of
land, together with the buildings and improvements thereon, situated in
_________ , and more particularly described as follows:

(Description of Property)

of which I am the registered owner in accordance with the Land Registration

Act, my title thereto being evidence by Original/Transfer Certificate of Title
No. ________ issued by the Register of Deeds of ________ ;
 
and

         I, _______________ the above-named lessee, in consideration of this

lease, do hereby promise for myself and my heirs and assigns that I will
cause to be paid to the said __________ a monthly rental of ____________
PESOS (PHP _________ ), payable in advance during the first _________
days of each month for the entire period of this lease.

(Special Agreements of the lease may be added here)

       
        IN WITNESS WHEREOF, we have hereunto set our hands at the
________ , Philippines, on this _______ day of 200__ .

_______________
Lessor

WITH MY MARITAL CONSENT (if lessor is married)

 
____________
Wife of Lessor
 

_____________
 Lessee

SIGNED IN THE PRESENCE OF :

 
 
 
 
_______________AND __________________

 
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

CITY OF DAVAO )SS.
X----------------------X

         BEFORE ME, a Notary Public for and in the City of Davao, Philippines
this _______________ personally appeared _____________ with his
Community Tax Certificate No._____________issued at ___________ on
___________ known to me and to me known to be the same person who
executed the foregoing instrument and he acknowledged to me that the
same is his own free and voluntary act and deed.

        This instrument consists of two (2) pages including this page in which
this acknowledgment is written and duly signed by the lessor and lessee,
together with his witnesses on each and every page hereof.

Doc. No. ________;

Page No.________ ;
Book No. _______ ;
Series of 2006 .