CONTRACT OF LEASE
KNOW ALL MEN BY THESE PRESENTS: This Contract of Lease is made and entered into ! and et"een: #Name$% &i'i #Name$% &i'i(i (ino no%% of 'e)a 'e)a'' a)e% a)e% marr marrie ied d and and "ith "ith addr addres ess s at #Address$%% hereinafter referred to as the * LESSOR +, #Address$ +, -and#Name of Cor(oration$% Cor(oration$ % a domestic cor(oration "ith address at #Address$ and re(resented herein ! its #Position.Tit'e$ #Position.Tit'e$%% #Name$ #Name$%% hereinafter referred to as the * LESSEE + [Note: when dealing with corporations, it is advisable to request forr a Se fo Secr cret etar ary’ y’s s Ce Cert rtif ific icat ate e sh show owin ing g th the e au auth thor orit ity y of th the e corp co rpor orat ate e re repr pres esen enta tati tive ve to ac actt in be beha half lf of an and d bi bind nd th the e corporation in the transaction at hand] W/TNESSETH: WHEREAS% the LESSOR is the o"ner of a commercia' commercia' 0nit 0nit 'ocated at #Address$ and more (artic0'ar'! descried as fo''o"s: #insert descri(tion of the Leased Premises inc'0din) the si1e of the s(ace and the condomini0m certificate of tit'e% etc2$ WHEREAS% the LESSEE desires to 'ease the ao3ementioned (remises from the LESSOR and the 'atter has a)reed to the same% s04ect to the fo''o"in) terms and conditions: contra ract ct of 'eas 'ease e sha' sha''' e for for a (eri (eriod od of 5555565557 !ears ART. 1. PERIOD -The cont commencin commencin) ) on #8a! Month Year$ Year$ and e9(irin) e9(irin) on #8a! Month Year$2 Year$ 2 The 'ease sha'' e s04ect to rene"a' ! the (arties 0nder s0ch terms and conditions as ma! e m0t0a''! a)reed 0(on% (ro3ided "ritten notice ! the LESSEE of its intention to rene" rene" the 'ease 'ease sha'' e ser3ed ser3ed to the LESSOR LESSOR not 'ess than three 67 months (rior to the e9(ir! date of the (eriod herein a)reed 0(on2 ART. 2. USE OF PREMISE PREMISES S- The The 'eased 'eased (remises (remises sha'' e 0sed 0sed e9c'0 e9c'0si3 si3e'! e'! for the o(eration of a #commercia' (0r(ose$ ! the LESSEE2 The LESSEE sha'' not di3ert the (remises to other 0ses "itho0t the (rior "ritten consent of the LESSOR% it ein) e9(ress'! a)reed that if% at an!time d0rin) the e9istence of the 'ease and "itho0t the (re3io0s "ritten consent of the LESSOR% the said (remises are 0sed for (0r(oses other than "hat has een a)reed 0(on% the LESSOR has the choice to 6a7 rescind the contract in accordance "ith the terms sti(0'ated here0nder% 67
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increase the rent% or 6c7 com(e' the LESSEE to sto( the 0na0thori1ed acti3ities% "itho0t (re40dice to other ri)hts of the LESSOR 0nder the 'a"2 ART. 3. MONTHLY RENTALS- ;(on commencement of the 'ease contract #re)ard'ess of an! reno3ation or constr0ction "or< on the (art of the LESSEE$ % the LESSEE sha'' (a! to the LESSOR the a)reed month'! renta' rate of 55555555555555555555 Phi'i((ine Pesos 6P555555555 7
#O(tiona': Renta' Esca'ation C'a0se: The ao3e rate sha'' a(('! for the first 5555 !ear.s of the 'ease (eriod% and sha'' e increased at the rate of 55555 (ercent 65555=7 to ta
? th of each month corres(ondin) to e3er! month'! renta' rate inc'0si3e of @AT sha'' e de'i3ered ! the LESSEE to the LESSOR to faci'itate (a!ments thereof 0(on si)nin) of this contract2 ART. 4. NON-PAYMENT OF RENTALS- /t is e9(ress'! a)reed 0(on that sho0'd the LESSEE fai' to (a! an! month'! renta' or sho0'd an! chec< for an! (a!ment e dishonored for "hate3er reason% or sho0'd an! of the conditions 0nder this 'ease contract e 3io'ated ! the LESSEE% the LESSOR sha'' first iss0e a "ritten demand to the LESSEE "ithin fi3e 67 da!s from defa0't or reach and in case of non(a!ment after the e9(ir! of the (eriod stated in the demand 'etter% the LESSOR sha'' ha3e the ri)ht to terminate the 'ease contract2
/n s0ch e3ent% the LESSOR or the 'atters re(resentati3es are a0thori1ed to enter into the 'eased (remises% ta
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The remainin) a'ance% if an!% from the de(osit sha'' e ret0rned to the LESSEE "itho0t interest% "ithin 5555555 6555557 da!s from the time the (arties ha3e sett'ed on the a'ance amo0nt to e ret0rned2 The de(osit sha'' corres(ondin)'! e ad40sted "hen the renta' rate is increased2 The (a!ment of the additiona' de(osit sha'' ta
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and 'icenses% and a'' costs thereof sha'' e for the so'e acco0nt of the LESSEE2 ART. 11. TA$ES - A'' ta9es and char)es% inc'0din) an! increase thereof% arisin) from this contract and res0'tin) from the o(eration of the LESSEEs 0siness and an! other assessment of "hate3er
The LESSEE sha'' not c'aim an! 'oss or dama)e on acco0nt of necessar! "or< that the LESSOR ma! order to e done in the 0i'din) and "hich "o0'd in an! "a! interr0(t its 0se of the 'eased (remises2 The LESSOR reser3es the ri)ht to (rescrie or 'imit the "ei)ht of an! hea3! e0i(ment or artic'e to e ('aced in the 'eased (remises% inc'0din) the ri)ht to desi)nate the (osition or 'ocation for s0ch hea3! o4ects "ithin the 'eased (remises% for reasons of sec0rit! and str0ct0ra' safet!2 The LESSEE sha'' com('! "ith an! and a'' reasona'e r0'es and re)0'ations "hich ma! e (rom0')ated from time to time ! the LESSOR and.or the Condomini0m Cor(oration and.or B0i'din) O"ner or its a)ents% and "ith a'' the r0'es% re)0'ations% ordinances and 'a"s made ! the d0'! constit0ted 'oca' or nationa' a0thorities arisin) from or re)ardin) the 0se% occ0(anc!% and sanitation of the 'eased (remises2 The LESSEE sha'' indemnif! and ho'd harm'ess the LESSOR a)ainst a'' actions% s0its% dama)es and c'aims that "hatsoe3er ma! e ro0)ht ! reason of the nonoser3ance of the said r0'es% re)0'ations% ordinances% or 'a"s% "itho0t (re40dice to the ri)ht of the LESSOR to cance' this contract for s0ch ca0ses2 ART. 13. LESSOR%& LIEN- /t is a)reed that the 0n(aid rents and char)es (a!a'e ! the LESSEE to the LESSOR 0nder this contract sha'' constit0te a (referred 'ien on a'' the (ersona' (ro(erties of the LESSEE e9istin) in the 'eased (remises in accordance "ith Art DD> and Art DD of the Ne" Ci3i' Code2 &or this (0r(ose% the LESSOR or her a)ents are here! a0thori1ed to (re3ent the remo3a' of the said (ro(erties from the 'eased (remises and.or demand their ret0rn from an! (ossessor sho0'd the! ha3e een remo3ed "itho0t the "ritten consent of the LESSOR2 ART. 14. POSSESSION- The LESSEE ac
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0(on ear'ier termination thereof% the LESSEE "i'' 3o'0ntari'! and (eacef0''! s0rrender 0nto the LESSOR the (ossession of the 'eased (remises in the same satisfactor! condition as at the time of recei(t% s04ect to reasona'e "ear and tear2 The LESSEE sha'' t0rno3er and s0rrender to the LESSOR a'' 7 da!s% "itho0t (rior notice to the LESSOR% the LESSOR sha'' ha3e the ri)ht to enter the (remises as a)ent of the LESSEE and to recei3e the rent% if an!% and to a(('! the same to the (a!ment of the rent d0e for the "ho'e term of this 'ease% ho'din) the LESSEE 'ia'e for an! deficienc!2 At its o(tion% the LESSOR ma! 'ease o0t the (remises% "itho0t notice to the LESSEE% to an! (art! and 0nder s0ch terms as it ma! decide 0(on2
The LESSOR sha'' ha3e the ri)ht to retain (ro(erties of the LESSEE fo0nd in the (remises as sec0rit! for the (a!ment of the LESSEEs o'i)ations% "itho0t
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(re40dice to the ri)ht of the LESSOR to co''ect on the deficienc!% if an!% from the LESSEE2 S0ch aandonment sha'' 'i
NON-*AIVER- The fai'0re of the LESSOR to insist 0(on a strict (erformance of an! of the terms% conditions% and co3enants hereof sha'' not e constr0ed as a "ai3er of an! s0se0ent reach or defa0't of the rents% conditions and co3enants hereof% "hich terms sha'' remain in f0'' force and effect2 No "ai3er ! the LESSOR of an! of the ri)ht 0nder this contract sha'' e deemed made 0n'ess e9(ressed in "ritin) and d0'! si)ned ! the LESSOR2
A'( 21.
NOTICE- Where demand or notice is re0ired to e )i3en to the LESSEE 0nder this contract% the (arties e9(ress'! a)ree that notices addressed and sent to the Lessee at the 'eased (remises or to the address stated 0nder this contract sha'' e considered a s0fficient com('iance of the re0irement for notice or demand2
A'(. 22. ATTORNEY%S FEES- Sho0'd the LESSOR e com(e''ed to see< 40dicia' re'ief a)ainst the LESSEE% the 'atter sha''% in addition to the dama)es mentioned ao3e% (a! an amo0nt e0i3a'ent to ?= of the amo0nt c'aimed in the com('aint as attorne!s fees or Ph( >??%???2?? "hiche3er is hi)her% aside from the costs of the 'iti)ation and other e9(enses "hich the 'a" ma! entit'e the LESSOR to reco3er from the LESSEE% in the e3ent of a fa3o0ra'e co0rt decision to the LESSOR2 A'(. 23. INSURANCE ON THE LEASED PREMISES- The LESSOR sha'' (a! for the ins0rance (remi0m of the commercia' 0nit 0sed as 'eased (remises2 The LESSEE% in t0rn% sha'' at its o"n e9(ense% ins0re its (ersona' (ro(erties ('aced in the 'eased (remises2 A'(. 24. LA* AND VENUE APPLICABLE- This contract sha'' e constr0ed% inter(reted and )o3erned ! the 'a"s of the Re(0'ic of the Phi'i((ines2 A'' actions or c'aims arisin) from this contract sha'' e ro0)ht efore the co0rts in the Cit! of Mani'a2 A'(. 25. CERTIFICATION- The LESSEE certifies ha3in) read the (ro3isions of this 'ease a)reement% the LESSEE has 0nderstood the terms% conditions% and co3enants of this a)reement and here! e9(ress f0'' conformit! thereof and has recei3ed a si)ned co(! of this a)reement2 A'(. 26. SEPARABILITY CLAUSE - /n the e3ent that an! of the sti(0'ations or (ro3isions 0nder this contract sha'' e dec'ared to e 3oid or 0nenforcea'e% the same sha'' not affect the other (ortions of the contract "hich sha'' remain o(erati3e and indin) 0(on the (arties2
/N W/TNESS WHEREO&% the (arties ha3e si)ned this doc0ment this 55555 da! of
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555555555 D?5555 at55555555555555552
LESSOR+
LESSEE+
555555555555555555555555
55555555555555555555555555
S/FNE8 /N THE PRESENCE O& 555555555555555555555555555
555555555555555555555555555
ACNO*LEDGEMENT
REP;BL/C O& THE PH/L/PP/NES C/TY O& 5555555555555555
7 7 S2S2
Before me% a Notar! P0'ic for and in the Cit! of55555555555% (ersona''! a((eared the fo''o"in): NAME
IDENTIFICATION
DATE/PLACE OF ISSUE
8oc2 No2 55555, Pa)e No2 55555, Boo< No2 55555, Series of D?55552
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