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    Contract of Lease Yul

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    Cherry Ann Palabrica
    The document is a lease contract between a lessor and lessee. It outlines the terms of the lease including a one year period, monthly rental amount of ₱9,000, security deposit requirements, obligations of the lessee to pay utilities and conduct no alterations without permission, and rights of the lessor to inspect.

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    © All Rights Reserved
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    Contract of Lease Yul

    Uploaded by

    Cherry Ann Palabrica
    11 views4 pages
    The document is a lease contract between a lessor and lessee. It outlines the terms of the lease including a one year period, monthly rental amount of ₱9,000, security deposit requirements, obligations of the lessee to pay utilities and conduct no alterations without permission, and rights of the lessor to inspect.

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    The document is a lease contract between a lessor and lessee. It outlines the terms of the lease including a one year period, monthly rental amount of ₱9,000, security deposit requirements, obligations of the lessee to pay utilities and conduct no alterations without permission, and rights of the lessor to inspect.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    11 views4 pages

    Contract of Lease Yul

    Uploaded by

    Cherry Ann Palabrica
    The document is a lease contract between a lessor and lessee. It outlines the terms of the lease including a one year period, monthly rental amount of ₱9,000, security deposit requirements, obligations of the lessee to pay utilities and conduct no alterations without permission, and rights of the lessor to inspect.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    CONTRACT OF LEASE

    KNOW ALL MEN BY THESE PRESENTS:


    This lease contract and entered into the City of Ozamiz, Mindanao, Philippines by and
    between:
    YUL P. BALATERO, of legal age, married and a resident of Greenland
    Executive Village, Carangan, Ozamiz City, Mindanao, Philippines herein referred to as
    the LESSOR;
    JESTONY Y. AYTA, of legal age and a resident of Purok – 7 Proper
    Langcangan, Oroquieta City herein referred to as the LESSEE;
    WITNESSETH:
    That the LESSOR is the owner of the House located at Purok – 2 Brgy. Carangan,
    Ozamiz City which the LESSEE agreed to rent the house.
    That the LESSEE has offered to lease the House of the aforementioned Unit and
    LESSOR has accepted and agreed to lease the same unto LESSEE, subject to the
    following terms and conditions:
    1. That the lease shall be for a period if ONE (1) YEAR effective from June 7, 2021
    to June 7, 2022, renewable in writing at the expiration of said terms at the option
    of the LESSOR.

    2. That the LESSEE obligates herself to pay a monthly rental of Nine Thousand
    Pesos (₱9,000.00) Philippine Currency on every 7th of the month Twenty Seven
    Thousand (₱27,000.00) every quarter

    3. Upon the execution of this contract, the LESSEE shall deposit in cash with the
    LESSOR an amount of (₱9,000.00) Philippine Currency equivalent to one (1)
    month rental of the lease premises, as a security for the strict performance of this
    lease contract and for any damage which the LESSOR has sustained by reason of
    the act of default of the LESSEE and one (1) month advance rent of Nine
    Thousand Pesos (₱9,000.00) Philippine Currency which is applicable to the first
    month of this contract. The said security deposit shall be returned to the LESSEE
    within one (1) month upon termination of this lease unless the same LESSEE
    have defaulted in the payment of rentals due before the expire date of this contract,
    in which case the deposit shall be applied to the rentals in advance.
    4. That the LESSEE obligates herself to pay any and all accounts pertaining to
    facilities availed in the leased premises such as but not limited to Prime Water,
    MOELCHI-II, PLDT and the likes as well as expences for repairs and
    maintenance if the lease premise.

    5. That the LESSEE shall not deposit or store within the leased premises any
    inflammable or explosive materials (other than Gas Stove) or substances, the same
    being in violation hereof, the LESSEE shall be responsible for any and all
    damages casued thereby to the LESSOR and the latter shall have the right to
    immediately cancel and rescind this contract.

    6. That the LESSEE shall not introduce improvements or make any alteration in or
    addition to the leased premises without the written consent of the LESSOR.

    7. That during the period of the lease, representative of the LESSOR shall be
    allowed to entry into the leased premises at any reasonable time of the day for
    purpose of inspection on repairs or alteration therein.

    IN WITNESS WHEREOF, the parties hereunto set their hands this 7 th day of June 2021
    at the City of Ozamiz, Philippines.

    YUL B. BALATERO JESTONY Y. AYTA


    LESSOR LESSEE

    SIGNED IN THE PRESENCE OF:

    ____________________________ ___________________________
    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES)


    CITY OF OZAMIZ ) S.S

    BEFORE ME, 7th day of June 2021 at the city of Ozamiz, Philippines personally
    came and appeared the following persons with their Community Tax Cetificate
    number as follows:

    CTC No. Date of Issue Place of Issue


    YUL BALATERO 12372863 51/06/21 Ozamiz City
    JESTONY Y. AYTA Ozamiz City

    Known to me and to me known to be the same persons who executed the


    foregoing instruments and which they acknowledge that the same atr their own free
    and voluntary act and deed, and of the parties they repesent.

    WITHNESS MY HAND AND SEAL on the date and place first above
    mentioned.

    Doc. No. ________


    Page No. ________
    Book No. ________
    Series No. ________

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