CONTRACT OF LEASE

This contract of lease entered on this _______ day of September 2022 at the City of
Binan, Laguna, Philippines by and between:

Spouses Goito C. Zantua and Monica O. Zantua, both of legal age, Filipinos, and residing at 119
Burgundy St., SRV2, Barangay Don Jose, City of Santa Rosa, Laguna, hereinafter known as the
LESSOR,

And

_____________________________________________ single/married, of legal age, Filipino,

with address at ________________________________________, hereinafter known as the
LESSEE.

WITNESSETH

Whereas the Lessor is the legal owner of a residential house and lot located at 133 Isarog Street
{B20L4}, San Jose Village III {Phase 6}, Brgy. Binan, City of Binan, Laguna and the Lessee
desires to lease the above-mentioned premises subject to the following terms and conditions:

1. PERIOD: The term of this lease shall be for a period of twelve {12} months from ___
September 2022 to ___ September 2023. Further renewal shall be subject to mutual
agreement of both parties. An annual increment of 7% on the rental rate for each year
of renewal shall apply.
2. RENTAL: The parties herein agree that the monthly rent shall be PHILIPPINE
PESOS: SEVENTEEN THOUSAND [PhP17,000.00].
a. Upon signing of the Contract of Lease, the LESSEE shall give ten [10] pieces
of postdated checks following the schedule:

Check # Check Date Amount

November 2022 PhP17,000.00
December 2022 PhP17,000.00
January 2023 PhP17,000.00
February 2023 PhP17,000.00
March 2023 PhP17,000.00
April 2023 PhP17,000.00
May 2023 PhP17,000.00
June 2023 PhP17,000.00
July 2023 PhP17,000.00
August 2023 PhP17,000.00

b. A two [2] months no-interest Security Deposit shall be given by the LESSEE
to the LESSOR. This Security Deposit shall be applied to cover unpaid bills
on the utilities, or damages on the premises aside from the natural wear and
tear, if there is any, upon termination of the contract and cannot be used as
rental payment. A balance, if any, shall be refunded to the LESSEE within 45
days after final termination of this contract and settlement of the unpaid bills.
c. Two [2] months advance rent shall be given by the LESSEE to the LESSOR.
This will be applied to the first two months of the contract period
Both Security Deposit and advance rental shall be made in cash or via bank
transfer upon signing of this contract.
3. UTILITIES: Expenses for water, gas, electricity, telephone, and other utilities, if any,
shall be for the account of the LESSEE.
4. ASSOCIATION DUES: Association Dues for the duration of the lease shall be for
the account of the LESSOR.
5. USE IF THE PREMISES: The leased premises shall be used exclusively for
residential purposes only and for no other purpose and cannot be subleased to any
third party. Pets are not allowed within the premises. The leased premises shall be
occupied only by up to a maximum of 6 persons whose names shall be submitted by
the LESSEE to the LESSOR. Any changes in the occupants shall be notified by the
LESSEE to the LESSOR and the village Admin. The LESSEE shall not do or permit
to be done upon the premises anything which may be unlawful or immoral, or
become a nuisance or annoyance to occupants of neighboring properties.
6. IMPROVEMENTS: The LESSEE accepts the property involved, as is where is. The
LESSEE shall not make any alteration or structural changes or improvements in the
leased premises without written consent from the LESSOR.
a. Any alteration or improvement shall automatically become the property of the
owner without any obligation on the latter to pay refund its cost to the
LESSEE.
b. The LESSEE may install movable furnishings, appliances and decorative
items within the leased premises for as long as none will cause any damage to
the leased premises and/or restore it to its original condition.
c. The LESSOR agrees to install window screen protection both ground and first
floor level.
7. SANITATION AND REPAIRS: The LESSEE shall keep the leased premises clean
and in sanitary conditions. The LESSEE has inspected the LEASED PREMISES and
found the same to be in good and habitable and rentable condition. Minor repairs
under FIVE THOUSAND PESOS {P5,000.00} shall be for the account of the
LESSEE, i.e.:
a. Placement of light bulbs and fuses;
b. Breakage or loss of faucet handles, drawer and cabinet pulls and catches,
keys, locks, toilet sets and water tank covers, minor faucet leaks, electrical
switches or outlets, buzzers, door knobs, window panes.
8. INSPECTION OF PREMISES: The LESSEE shall maintain the LEASED
PREMISES in good, habitable and rentable condition. The LESSOR, thus, reserves
the right at reasonable time and with prior notice to enter and inspect the premises
and to make the necessary repairs thereof. The LESSEE likewise agrees to cooperate
with the LESSOR in keeping the said premises in good and tenable condition.
9. FIRE HAZARD AND OBNOXIOUS SUBSTANCES: The LESSEE shall not keep,
deposit or store in the premises any obnoxious or flammable material or substance
that might constitute a fire hazard or increase the risk of damage or destruction to the
premises.
10. THIRD PARTY LIABLITY: The LESSEE during its occupancy shall hold the
LESSOR free and harmless from any damage or liability or responsibility to any
person or property arising out of or as a consequence of the use of the property, his
agent, employees, household helpers and guests. When fortuitous events or acts of
God, which are beyond LESSEE’s control cause such damages to the leased property,
the latter shall not be liable.
11. RULES AND REGULATIONS: The LESSEE agrees to abide by the rules and
regulations promulgated by the Home Owners’ Association.
12. REAL ESTATE TAX: Real estate taxes shall be for the LESSORS’s account. Value
Added Tax, if any, shall be for the account of the LESSEE.
13. SALES, TRANSFER AND MORTGAGE or any other encumbrance of the leased
premises, LESSOR shall respect all the terms and conditions of this agreement.
14. TERMINATION: Pretermination of this contract can be initiated by either party for
just and valid reason, provided the party will give the other party thirty days notice. In
the event that the LESSEE preterminates the contract, the LESSOR is not bound to
refund the deposit but will give back the postdated checks that have not been cashed
 yet at that point in time. However, if the LESSOR preterminates the contract, he will
refund immediately after settlement of the bills.
15. RETURN OF PREMISES: Upon termination of this Contract of Lease, for any
reason whatsoever, the LESSEE shall immediately and peacefully vacate the
premises, surrender and return the possession thereof to the LESSOR in the same
good and habitable and rentable condition as it was when the premises was received
by the LESSEE.
a. Any delay in the return of the leased premises to the LESSOR or his
representative duly authorized to receive them, shall subject the LESSEE to
liquidate damages of FIVE HUNDRED PESOS (P500.00) for every day of
delay, plus compensation for the retention/possession of the said property at
the last agreed monthly rental thereof.
b. The LESSEE is required to provide proof of payment of all utility bills before
the LESSOR could grant clearance and release from this contract.
c. Thirty (30) days prior to the expiration of the contract, the LESSOR may affix
a “FOR RENT” sign in the premises and be allowed entry within reasonable
hours to show the premises to prospective tenants.
16. BREACH OF CONTRACT: Should either party violate the terms and conditions of
this agreement, aggrieved party may terminate this contract. If the LESSEE has
breached the contract, the LESSOR has the right to forfeit deposit and advance
rentals. If the LESSOR breached the contract, he will refund the unused advance and
deposit paid after settlement of utilities and damages, if any.
17. ATTORNEY’S FEES: In case of court litigation by virtue of nonpayment of the
agreed rent or any other breach of this agreement on the pat of the LESSEE, the
LESSOR shall have the right to collect the amount equivalent to damages and
reasonable attorney’s fees, exclusive of the cost legally accrued.

IN WITNESS WHEREOF, we hereunto set our hands and signatures at ________________ on

this _________________..

GOITO C. ZANTUA

Represented by:

___________________ ___________________

SIGNED IN THE PRESENCE OF

_______________________________ __________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES

Before me, a notary public for and in ________________ this day of ______________
personally appeared the following:

Name ID/Passport No. Issued at

Goito C. Zantua P5673872A PCG Hong Kong

__________________ ______________ __________________

Known to me and to be the same person who executed the foregoing documents and
acknowledged that the same is their own act and deed. The documents consist of five (5) pages
signed by the parties and their instrumental witnesses.

Doc. No. _____

Page no. ______
Book no. _____
Series of _____
 ADDENDUM TO THE CONTRACT

The following are the occupants allowed to stay in the unit, (a maximum of six}, namely

Name ID

1.

2.

3.

4.

5.

6.

In case there will be changes in the names stated herein, the Owner will be informed in
writing.

LESSOR LESSEE