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    Initial Draft (CONTRACT OF LEASE)

    Uploaded by

    Jireh Dela Vega Agustin
    This document is a 3-year lease contract between spouses Thomas and Emma Lomas-e as the lessors and Tom Christian N. Lomas-e as the lessee. The lessors agree to lease their residential/commercial building to the lessee for 35,000 pesos per month. As part of the agreement, the lessee must provide an advance payment and deposit equal to one month's rent. The contract outlines additional terms regarding repairs, rent increases, and penalties for violations.

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    © All Rights Reserved
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    Initial Draft (CONTRACT OF LEASE)

    Uploaded by

    Jireh Dela Vega Agustin
    579 views3 pages
    This document is a 3-year lease contract between spouses Thomas and Emma Lomas-e as the lessors and Tom Christian N. Lomas-e as the lessee. The lessors agree to lease their residential/commercial building to the lessee for 35,000 pesos per month. As part of the agreement, the lessee must provide an advance payment and deposit equal to one month's rent. The contract outlines additional terms regarding repairs, rent increases, and penalties for violations.

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    This document is a 3-year lease contract between spouses Thomas and Emma Lomas-e as the lessors and Tom Christian N. Lomas-e as the lessee. The lessors agree to lease their residential/commercial building to the lessee for 35,000 pesos per month. As part of the agreement, the lessee must provide an advance payment and deposit equal to one month's rent. The contract outlines additional terms regarding repairs, rent increases, and penalties for violations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    579 views3 pages

    Initial Draft (CONTRACT OF LEASE)

    Uploaded by

    Jireh Dela Vega Agustin
    This document is a 3-year lease contract between spouses Thomas and Emma Lomas-e as the lessors and Tom Christian N. Lomas-e as the lessee. The lessors agree to lease their residential/commercial building to the lessee for 35,000 pesos per month. As part of the agreement, the lessee must provide an advance payment and deposit equal to one month's rent. The contract outlines additional terms regarding repairs, rent increases, and penalties for violations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 3

    CONTRACT OF LEASE

    KNOW ALL MEN BY THESE PRESENTS: 

    This is a contract to lease, made and executed in Baguio City, Philippines, on this 1st day of
    February 2020 by and between; 

    Spouses Thomas and Emma Lomas-e, of legal age, Filipino and residents of 163 Purok 7,
    Camp 7, Baguio City, Philippines, herein after known as the LESSORS;

    And

    Mr. Tom Christian N. Lomas-e, of legal age, Filipino and a resident of 163 Purok 7, Camp
    7, Baguio City, Philippines, herein known as the LESSEE.

    WITNESSETH THAT

    WHEREAS the LESSORS are the Proprietors and Owners of a residential/commercial


    building located in 163 Purok 7, Camp 7, Baguio City, Philippines;

    WHEREAS, the LESSEE desires to rent the building and the LESSORS are agreeable to give
    same to the LESSEE by way of lease; 

    NOWTHEREFORE, LESSORS by these presents shall hereby cede and deliver possession
    unto the LESSEE by way of lease the above mentioned building and the LESSEE hereby
    accepts the same subject to the following terms and conditions to wit:

    1. The term of this lease shall be for a period of Three (3) year counted from the date of
    execution of this contract;

    2. The LESSEE shall pay unto the LESSORS the sum of THIRTY FIVE THOUSAND
    PESOS (P35,000.00) as monthly rental of the premises;

    3. That upon the signing of this contract, the LESSEE shall deposit unto the LESSOR the
    sum of  ______ (00) which shall be applied as One (1) Month Advance (00) and One (1)
    Month Deposit (00);

    4. That should the LESSEE decided to vacate the premises after the term of the contract the
    amount of ___________ (00) known as One Month Deposit mentioned in paragraph 3, will
    only be refunded by the LESSEE after one month from the date they vacate the premises to 
    answer for all the unpaid bills and damages if there is;

    5. That no alteration, remodeling, attachment painting or anything inside or outside the


    premises shall be done by the LESSEE without the prior approval from the LESSORS; and

    6. That the LESSORS reserve the right to increase the rental and/or escalation rates of the
    leased premises at the reasonable proportions in the events of inflation and/or increase in real
    estate proper assessments. 
    That violation by the LESSEE of any of the condition herein provided shall be sufficient
    ground for the LESSOR to terminate and cancel this contract, and the LESSEE shall be liable
    to _________- PERCENT (%) of the amount due as liquidated damages exclusive of
    attorney's fee and other cost and incidental expenses in an event of court litigation to enforce
    any of the provisions of this contract violated by the LESSEE. 

    In witness whereof, the parties hereto have signed these presents this __ day of ________,
    2020 in Baguio City, Philippines. 

    Tom Christian Lomas-e Thomas Lomas-e Emma Lomas-e


    Lessee Lessor Lessor

    Signed in the presence of:

    _______________________ _______________________

    ACKNOWLEDGEMENT

     
    REPUBLIC OF THE PHILIPPINES)
                                                    )S.S.
     
     
                         BEFORE ME, a Notary Public, for and in _____________________, Philippines, this
    ___________day of ____________________, 2020, personally appeared the following persons:

     
    NAME GOVERNMENT ID  DATE AND PLACE OF ISSUE
    Tom Christian Lomas-
    e
    Thomas Lomas-e
    Emma Lomas-e

    and to me known to be the same person who executed the foregoing constituting of two (2) pages,
    including this page where the acknowledgement is written, and they acknowledged to me that the
    same is their free act and voluntary deed.
     
    WITNESS MY HAND AND SEAL on the day first above-written.
     

     
                                                                                     NOTARY PUBLIC
    Doc. No. ________
    Page No. ________
    Book No. _________
    Series of  2020

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