CONTRACT OF LEASE

This Contract of Lease (this Contract) is made and executed at the Municipality of Candelaria, this day of _______________, 20__, by and between:

(1) [NAME OF LESSOR], Filipino, of legal age, and with residential address at[Address] (the LESSOR); and(2) [NAME OF LESSEE], Filipino, of legal age, and with residential address at [Address] (the LESSEE).

Recitals

(A) LESSOR is the owner of a residential property situated at [Address of property to be leased] (the Apartment).(B) LESSEE desires to lease the Apartment and the LESSOR is willing to lease the same subject to the terms and conditions specified in this Contract. NOW THEREFORE, for and in consideration of the payment of rents and other sums due hereunder, and the faithful compliance with all the conditions and covenants hereinafter contained, the LESSOR hereby leases and lets unto LESSEE, and the latter does hereby accept under lease, the Apartment subject to the following terms, covenants, conditions and restrictions:

TERMS AND CONDITIONS

1. PURPOSE: The Apartment shall be used exclusively by the LESSEE as a private residence only and shall not be diverted to other uses. It is hereby expressly agreed that if at any time the Apartment is used for other purposes, the LESSOR shall have the right to terminate this Contract without prejudice to its other rights under the law and shall result in the automatic forfeiture of the advance rental and security deposit in favor of LESSOR.2. TERM: The term of the lease is for ONE (1) YEAR commencing on [Date] and expiring on [Date].

3. RENTAL RATE: The monthly rental rate for the leased premises shall be [AMOUNT IN WORDS] PHILIPPINE PESOS (Php__0,000.00). All rental payments shall be paid to LESSOR on or before the fifth day of the month on which rent is due. For example, rent due for the month of May shall be paid on or before May 5.

4. ADVANCE RENTAL: Upon execution of this Contract and prior to move-in, the LESSEE agrees to pay in advance two (2) months rent which will be applied to rental payments for the last two (2) months of the lease term.5. SECURITY DEPOSIT: Upon execution of this Contract and prior to move-in, the LESSEE agrees to pay a security deposit in an amount equivalent to one (2) months rent, as security for the faithful compliance by the LESSEE of all terms and conditions of this Contract and for the return of the Apartment in good and proper condition, and to answer for any and all repairs or damages to the Apartment and other liabilities of the LESSEE under this Contract, including unpaid utilities such as water, electricity, telephone, internet and cable TV. This 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 and less the allowable deductions herein, within sixty (60) days after the expiration of the lease and after the LESSEE has moved out of and vacated the Apartment, whichever is later.6. UTILITY SERVICES: All charges for water, electricity, telephone, internet, cable TV and other utility services to the Apartment shall be for the sole account of the LESSEE. The 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.

7. LOSS: 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, wind, explosions, interruption of utilities, pipe leaks, theft, negligent or intentional acts of resident, occupants, guests, or criminal conduct of other persons including theft, burglary, assault, vandalism or other crimes.

8. FORCE MAJEURE: If whole or any part of the Apartment 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 Contract may be terminated without compensation by the LESSOR or by the LESSEE by notice in writing to the other.

9. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, the LESSOR at its option may terminate this contract and exercise its rights under clause 16.

10. SUB-LEASE AND ASSIGNMENT: It is expressly understood and agreed that the personal character of the LESSEE and the nature of occupancy of the Apartment are special considerations for LESSORs grant of this lease to the LESSEE. Accordingly, the LESSEE shall not assign or transfer its rights under this Contract, nor sublease all or any part of the Apartment or enter into any arrangement whereby the use or possession of any part of the Apartment is transferred to any person without the prior written consent of the LESSOR.

11. CONDITION OF THE PREMISES AND ALTERATIONS: The LESSEE acknowledges to have received the Apartment in a clean, safe, and good working condition. The LESSEE shall not make any alteration, addition, or improvement within the Apartment or in any of the common areas, without the prior written consent of LESSOR. No holes are allowed inside or outside the Apartment. Only items using non-permanent or removable adhesive strips or tapes may be placed on the walls, floors, or ceiling of the Apartment. Any improvements to the Apartment (with or without LESSORs consent) shall become property of the LESSOR unless agreed otherwise in writing. The LESSEE must use customary diligence in maintaining the Apartment and not damaging or littering the common areas.

12. 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 building or to exhibit the leased premises to prospective LESSEE, or for any other lawful purposes.

13. RENEWAL: Upon its expiration, this Contract may be renewed under such terms and conditions as may be mutually agreed upon by both parties.LESSEE shall give thirty (30) days prior written notice to LESSOR of its intention to renew. In the event no renewal is agreed upon, LESSEE must vacate Apartment on the date of expiration of lease for turn-over to LESSOR. 14. PRE-TERMINATION: Pre-termination of this Contract by LESSEE shall result in the forfeiture of the advance rental and security deposit.

15. EXPIRATION OF LEASE: At the expiration of the term of this lease or termination thereof, as herein provided, the LESSEE shall promptly deliver to the LESSOR the leased premises with all corresponding keys and in as good, clean, sanitary, and tenantable condition as the same is now, ordinary wear and tear excepted, devoid of all occupants, movable furniture, articles and effects of any kind.

16. 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 without the need of any prior notice, demand or judicial declaration;

(b) To immediately repossess the Apartment without the necessity or instituting any judicial or court action. In this connection, the LESSEE hereby names, constitutes, and appoints the 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 Apartment, to clean up, make repairs in, and re-let the premises, 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 Apartment, barring the LESSEE from entering the Apartment.

The LESSEE hereby expressly agrees to hold the LESSOR and/or its authorized agents, employees, or representatives will be free and harmless from any civil and/or criminal liability or responsibility for the acts described under this provision.

(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 advance rental and security deposit in its favor.

17. JUDICIAL RELIEF: Should the LESSOR be compelled to seek judicial relief against the LESSEE in order to enforce any or all its rights under this Contract, the LESSEE, in addition to any other damages that may be awarded by the court, shall pay an amount of twenty five percent (25%) of the amount clamed in the complaint as attorney's fees which shall in no case be less than Fifty Thousand Philippine Pesos (Php50,000.00) in addition to other cost and damages which the said party may be entitled to under the law. The parties hereby agree to submit any action arising from or incident to this Contract to the jurisdiction of the proper courts of Lucena City only, to the exclusion of all other courts.

18. SUCCESSION: This CONTRACT OF LEASE shall be valid and binding between the parties and their successors-in-interest.

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

(Name of Lessor) (Name of Lessee)LESSOR LESSEE

Signed in the presence of:

_____________________________ ______________________________

ACKNOWLEDGEMENT

Republic of the Philippines)

_________________________) S.S

BEFORE ME, personally appeared:

Name Government Issued ID Date/Place Issued

(Name of Lessor)

(Name of Lessee)

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 ____ 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 and sealed with my notarial seal.

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

Notary Public

Doc. No.______;

Page No. ______;

Book No.______;

Series of 20___.