You are on page 1of 7

CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease, made and entered into by and between:

SARAH ROSE T. GANTO, of legal age, single, Filipino, with residence address at
Block 5 Lot 11 Phase 10A Bais Street, South City Homes, Binan, Laguna, hereinafter
referred to as the LESSOR

-AND-

CHLOE CHRYSYLLA A. LAXA, of legal age, single, Filipino, with residence address
at 26 Chico, Valle Verde 1, Pasig City, hereinafter referred to as the LESSEE

WITNESSETH: That

WHEREAS the LESSOR is the owner of an condominium unit located at Unit 1711, The
Manansala, Hidalgo Drive, corner Estrella Street, Rockwell Center, Makati City;

WHEREAS the LESSEE desires to occupy the above-named condominium unit and the
LESSOR is willing to lease the same unto the LESSEE by way of this agreement;

TERMS AND CONDITIONS

1. TERM: The LEASE shall be for a duration of one (1) year commencing from 1 January 2015,
renewable at the option of the LESSOR at such new terms and conditions as may be agreed upon
by the parties.

2. RENTAL: The LESSEE agrees to pay the LESSOR the monthly rental fee of Pesos: Twenty
Thousand (Php 20,000.00), Philippine currency. Upon signing of this Contract of Lease. The
LESSEE shall pay the LESSOR two (2) months' rental in advance covering the months 1
November 2014 to 1 December 2014. Succeeding monthly rentals be payable via post-dated
checks to be issued by the LESSEE in favor of the LESSOR.

LESSEE hereby agrees to pay 5% interest per month on any delay in payments. If the check is
dishonored, the LESSEE is obliged to replace the check under pain of the pre-termination of this
agreement.

3. DEPOSIT: The LESSEE shall pay the LESSOR the sum of two (2) months deposit of Pesos:
Forty Thousand (Php 40,000.00), Philippine currency to guarantee the payment of any future
damage to the leased premises, unpaid utilities and other obligations to third parties by the
LESSEE during the term of the agreement, which deposit shall bear no interest. Unless applied
to said damages, unpaid utilities and other obligations to third parties, said deposit shall be
returned to the LESSEE within sixty (60) days after the termination of this agreement: Provided,
however, that the deposit cannot be applied to unpaid back rentals owed by the LESSEE prior to
the expiration of this agreement. Furthermore, if the LESSEE vacates the premises before the
expiration of the period of lease, the total amount of the deposit and advance rentals shall be
forfeited in favor of the LESSOR.

4. ASSOCIATION DUES: Association dues per month of Pesos: Three Thousand (Php3,
000.00) or as determined by the Association from time to time shall be for the account of the
LESSEE.

Penalty for late payment of Association dues is 4% per month or a fraction of a month
compounded until the arrears are fully paid and settled.

5. USE OF PREMISES: The premises shall be used exclusively for office purposes only and
shall not be used whatsoever for residential or in any illegal or unlawful activity or to keep
materials, chemicals and other matters considered as fire hazards or nuisance to the building.

6. IMPROVEMENTS: The LESSEE shall not make any alteration, structural changes or
improvement in the leased premises without the prior written consent of the LESSOR. However,
at the termination of the lease, the same not having been renewed by the parties, the LESSEE
shall restore the leased premises in its original state existing at the commencement of the
agreement. Restoration of the LEASED PREMISES shall be for the exclusive account of the
LESSEE. Any improvement after the lease is terminated and after the LESSEE shall have
vacated the premises shall belong to the LESSOR.

7. FACILITIES: All charges for water, electricity, telephone, association dues and other public
utilities used in the leased premises as well as janitorial and security services or any other
charges as may be imposed by the building administrator of the condominium building shall be
for the account of the LESSEE. The LESSEE hereby guarantee the prompt payment of any and
all charges heretofore mentioned as they fall due. Any delay in the payment thereof shall
constitute a material breach of this agreement.

8. INSURANCE: The LESSOR shall insure the leased premises against fire. Should the leased
premises be damaged by fire, earthquake, storm or any fortuitous events to the extent that the
same be rendered untenable this agreement shall be automatically cancelled and the deposit as
well as the unused portion of the advance rentals be refunded within SIXTY (60) days, minus
any unpaid obligation.

9. REPAIRS: The LESSEE shall, during the duration of the lease, make all minor repairs on the
leased premises to preserve the same in serviceable or tenantable conditions at the LESSEE's
expense except replacement of parts due to natural wear and tear. The LESSEE, however, shall
give advance written notice to the LESSOR of Ten (10) days prior to undertaking any minor
repair.

9.01 All damages caused to the leased premises due to the fault, misuse, carelessness,
and/or negligence or on account of the use thereof by the LESSEE and other occupants
therein shall be made good and repaired by the repairs done.
9.02 Should the LESSEE fails to make the necessary and appropriate repairs within five
(5) days from demand, the LESSOR shall undertake the needed repairs and shall charge
the costs thereof to the LESSEE.

10. INSPECTION OF PREMISES: To ensure that the lease premises is being maintained in
good and tenantable conditions, the LESSOR or his authorized representative is hereby given the
right after due notice, to enter and inspect any part of the leased premises during reasonable
hours and as the occasion thereof might require.

11. ASSIGNMENT AND SUBLEASE: The LESSEE hereby shall have no right to assign or
transfer its rights, interest and obligations under the lease contract or sub-lease contract premises
or any portion thereof to any person or entity without the prior written consent of the LESSOR.

12. INJURY OR DAMAGE: The LESSEE hereby assumes the full responsibility for any
damage which may be caused to the person or property of any third person in the leased premises
during the duration of the lease. LESSEE further binds himself to hold the LESSOR free and
harmless from damages as a result thereof, unless such damage or liability arose out of structural
or other inherent defects in the leased premises or is due to the fault of the LESSOR, his agent or
representatives.

13. SALE OF THE LEASED PREMISES: The LESSEE recognizes the right of the LESSOR
to sell or otherwise convey ownership of the leased premises to any other interested party,
provided the LESSEE's rights under the lease are respected.

14. HAZARDOUS AND PROHIBITIVE MATERIALS: The LESSEE shall not keep or store
in the lease premise any hazardous and obnoxious substance or inflammable material or
substance that might constitute a fire hazard or other chemicals and materials or prohibitive
drugs in violations of the laws of the Philippines.

15. RULES AND REGULATIONS: The LESSEE binds himself to comply with the existing
rules and regulations promulgated by the building administrator and/or association and any other
environmental or other laws, ordinances, rules and regulations applicable to the leased premises.

16. VIOLATIONS: The LESSOR may, at this options, consider this agreement automatically
rescinded and cancelled, without need of any court action, upon ten (10) days notice given to the
LESSEE based on any of the following grounds.

a. Failure of the LESSEE to pay two (2) months advance rental and other bills or charges
therefore mentioned as they fall due for any reason whatsoever within the period to pay.

b. For any violation made by the LESSEE or its agents and representatives of any of the terms
and conditions stipulated in this contract.

c. In case the leased premises shall be vacated or abandoned for a period of thirty (30) days
without prior written notice to the LESSOR. Consequently, the LESSOR is hereby permitted
authorized by the LESSEE to enter the premises, either by force or otherwise, without being
liable to prosecution therefor.

16.1. Upon termination of the contact of lease based on any of the foregoing grounds and
upon demand, the LESSEE shall immediately vacated and peacefully surrender
possession of the lease premises to the LESSOR or his duly authorize representative.

17. REMEDIES: In addition to the provisions of the preceding paragraph, the LESSEE hereby
acknowledges and recognizes the right of the LESSOR to avail or resort to any or all of the
following remedial measures without need of court action.

a. In case of failure of the LESSEE to pay or settle any due and unpaid obligations (rentals,
electricity, water, telephone, association dues etc.) as provided for under this lease contract, the
LESSEE hereby authorizes the LESSOR, who is hereby given the right, to disconnect all
facilities such as but not limited to disconnect all facilities such as but not limited to electricity,
telephone, water in the leased premises without need of further notice to the LESSEE.

b. Likewise, until the aforesaid unpaid obligations are paid or settled, the LESSEE hereby given
the rights, to re-renter the lease premises, remove all persons therefrom, take possession of any
of all furniture, fixtures and equipment's found thereon or therein and/or padlocked the door of
the premises.

c. Moreover, by way of a security or to secure the payment of any of the unpaid obligations of
the LESSEE, the LESSEE consents and authorizes the LESSOR to retain possession of any of all
the furniture, fixtures and equipment's that may found on the premises as belongings to the
LESSEE until such time that all the unpaid obligations of the LESSEE are paid or settled.

d. If after ten (10) days from the date the LESSOR shall have taken possession of the aforesaid
furniture, fixtures and equipment by way of security, the LESSEE still fails to pay or settle its
unpaid obligations to the LESSOR the LESSEE hereby consents and authorizes the LESSOR to
sell by way of public or private sale any or all the furniture's fixtures equipment as may be
sufficient to pay or settle the lessee's unpaid obligations plus the accrued interests and attorney's
fee equivalent to 25% of the total amount due and unpaid. All expenses that may be incurred in
the sale shall be for the account of the LESSEE.

17.01. For purposes of selling the aforesaid properties, the LESSEE hereby irrevocably
appoint the LESSOR as its attorney-in-fact to sell and dispose of any or all of the
aforesaid the property of the LESSEE in a private or public sale at a price as may be
determined to be just and reasonable by the LESSOR and to apply the proceeds therefrom
to any or all the unpaid obligations of the LESSEE.

17.02. If the sale proceeds should prove to be inadequate to fully payer settle the unpaid
obligations of the LESSEE, the LESSEE shall remain liable to the LESSOR for any of
the deficiency.
17.03. Should the proceeds of the sale of any of the aforesaid properties be sufficient to
pay or settle all of the lessee's unpaid obligations, the LESSEE may get back its other
properties not sold by the LESSOR. If after thirty(30) days from written notice of the
LESSOR directed to the last known address of the LESSEE, the LESSEE still fails to get
back the remaining properties, said properties shall then be deemed abandoned in favor of
the LESSOR.

17.04. The above enumerated remedies proved for the LESSOR shall not be exclusive,
but shall be cumulative and without prejudice to any court action that may be instituted
by the LESSOR for any causes of action that may arise under this contract of lease.

18. ATTORNEY'S FEES: In case the LESSOR resorts to judicial action base upon or in
connection with this lease contract, the LESSEE hereby agrees to pay attorney's fees equivalent
to twenty five (25%) of the total amount involved or claimed by the LESSOR as against the
LESSEE plus all court expenses and/or costs of litigation.

19. COURT VENUE: All court actions from this contact of lease shall be filed only in the
Courts of Makati City to exclusion of all other courts.

20. TIME OF THE ESSENCE: Time is the essence hereof any waiver by the LESSOR of a
breach of any term, covenant or condition herein contained, whether express or implied, shall not
constitute of a waiver of any subsequent breach thereof, or a breach of covenant to pay the rent
so accepted. No waiver by the LESSOR shall be deemed to have been made unless expressed in
writing and signed by the LESSOR.

21. SUCCESSORS AND ASSIGNS: This lease shall bind and inure to the benefits of the
successors and assigns of the LESSOR and of the permitted successors and assigns of the
LESSEE.

IN WITNESS WHEREOF, the parties have hereunto set their hand this 27th day of December
1998 at Makati City, Metro Manila.

SARAH ROSE T. GANTO CHLOE CHRYSYLLA A. LAXA


Lessor Lessee

Signed in the Presence of:

________________________ _________________________
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


MAKATI, METRO MANILA ) S.S.

BEFORE ME, a Notary Public for and in the City of Makati, this 10th day of December 2014,
personally came and appearance the following:

Name CTC No. Date/Place of Issue

Sarah Rose T. Ganto 10000000 February 2, 2014


Chloe Chrysylla A. Laxa 10000000 January 24, 2014
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 five page/s, 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 2014