LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This Lease Contract made and entered into this _______________ by and between the:

LESSOR: of legal age, Filipino, with residence and postal

address at #17 Molave St. corner Narra Sts. Doña Justa Phase II Village, Brgy. San Roque Angono,
Rizal,

-and the-

LESSEE: , a Filipino citizen, of legal age, and with declared address at

664 Cezario Bldg., Brgy. Pag-asa, Binangonan, Rizal.

WHEREAS, the LESSOR are the registered, legal and absolute owner of ALK BUILDING I, a
commercial/residential apartment situated at Ipil St. Dona Justa Phase II Village, Barangay San
Roque, Angono Rizal, hereinafter referred to as the “LEASED PREMISES”;

WHEREAS, LESSOR and LESSEE shall enter into a Lease Contract dated ____________ for the
Leased Premised addressed as Unit 2002 ALK Building I, Guido St cor. Guijo St. Doña Justa Phase
II Village, Brgy. San Roque, Angono, Rizal.

WHEREAS, the LESSEE desires to occupy the Leased Premises and the LESSOR is willing to
Lease the same unto the LESSEE subject to the terms and conditions hereafter specified;

1.) PERIOD. This Contract of Lease shall be for a period of one (1) year commencing from
August 4, 2024 and expiring on August 3, 2025 subject to renewal under such terms and conditions
mutually agreed by both parties.

2.) RENTAL RATES AND PAYMENTS. The parties agree that the rental for the Leased Premises
shall be of Pesos: Seven Thousand Pesos Philippine Currency (Php 7,000.00), payable to:

BANK ACCOUNT: ALK BLDG.

ACCOUNT NO.: 004060124705
BANK’s NAME: Banco De Oro (BDO)

monthly inclusive of the monthly maintenance and common charges. Advance rental payment
made by the LESSEE shall be eligible for a 5% cashback, to be credited to the LESSEE’s GCash
or bank account every 5th day of the next month. Eligibility for cashback should be cleared and
credited to the owner’s bank account before the due date. The rental monthly due date shall be
every 3rd day of the month, which summarize as follows:

Sq. Amount Payment Date Eligible

Lease Period Due Date
No. Due for 5% Cashback
1 August 4 to Sept. 3, 2024 7,000.00 Aug. 3, 2024 No Cashback
2 Sept. 4 to Oct. 3, 2024 7,000.00 Sept. 3, 2024 Before Sept. 3, 2024
3 Oct. 4 to Nov. 3, 2024 7,000.00 Oct. 3, 2024 Before Oct. 3, 2024
4 Nov. 4 to Dec. 3, 2024 7,000.00 Nov. 3, 2024 Before Nov. 3, 2024
5 Dec. 4, 2024 to Jan. 3, 2025 7,000.00 Dec. 3, 2024 Before Dec. 3, 2024
6 Jan. 4 to Feb. 3, 2025 7,000.00 Jan. 3, 2025 Before Jan. 3, 2025
7 Feb 4 to March 3, 2025 7,000.00 Feb. 3, 2025 Before Feb. 3, 2025
8 March 4 to April 3, 2025 7,000.00 March 3, 2025 Before March 3, 2025
9 April 4 to May 3, 2025 7,000.00 April 3, 2025 Before April 3, 2025
10 May 4 to June 3, 2025 7,000.00 May 3, 2025 Before May 3, 2025
11 June 4 to July 3, 2025 7,000.00 June 3, 2025 Before June 3, 2025
12 July 4 to August 3, 2025 7,000.00 July 3, 2025 Before July 3, 2025
3.) SECURITY DEPOSIT. Upon signing of this Lease Contract, the LESSOR hereby
acknowledged the receipt of the amount of Fourteen Thousand Pesos (Php 14,000.00)
representing TWO (2) months security deposit: and ONE (1) month advance rental of Pesos:
Seven Thousand Pesos (Php7,000) covering the period of July 8 to August 7, 2024, payable to the
abovementioned account provided in Section 2.

Said deposit shall cover unpaid official and certified bills of water, electricity, telephone and
other utility charges as herein below provided, or damages to the Leased Property except those due
to natural wear and tear. The remainder of the security deposit, if any, shall be returned to the
LESSEE without interest within fifteen (15) days from the termination of this Contract, provided the
aforementioned utility charges and other charges and expenses shall have been settled in full.

4.) DEFAULT. The LESSEE will be given a 5-day grace period from the rental due date of the
month, as per agreement by both parties, no penalty should be given during grace period. Failure to
pay the monthly rental fee prescribed after the grace period shall bear a penalty of 5% on the first
month, and 10% penalty for the 2nd month onwards compounded daily until the arrears are fully
paid and settled. A Notice of Eviction effective immediately shall be issued to the LESSEE, if the
LESSEE fails to pay the monthly rentals in three (3) consecutive months.

5.) INCREMENT. A rental increase of five percent (5%) per annum is hereby implemented,
regardless if a new contract is signed, starting on the second year of this Lease Contract, based on
the last rental rate of the preceding year

6.) PRE-TERMINATION. The LESSOR shall have the option to pre-terminate this Lease Contract
by sending a written notice thereof to the LESSEE thirty (30) days before its effective date, and the
LESSEE shall promptly vacate the Leased Premises by the end of such 30-day period. The LESSOR
shall return to the LESSEE all unused advance rentals and pro-rated security deposits within fifteen
(15) days after the LESSEE surrenders possession of the Leased Premises. In the event the LESSEE
terminates this Contract prior to the lease period stated above, the LESSEE’s two (2) months deposit
shall be forfeited also in pro-rated, details of which are as follows:

Percentage to be Returned in
Period of Termination Amount to be Returned
Deposit
On or Before 3 Months after
25% *P3,500.00
signing the Contract
On or Before 6 Months after
50% *P7,000.00
signing the Contract
On or Before 9 Months after
75% *P10,500.00
signing the Contract
12th month or upon expiration
100% *P14,000.00
of Contract

*Provided that Section 3 of this Lease Contract has been faithfully complied with.

7.) UTILITIES. All expenses for LESSEE’s consumption of water, gas, electricity, other utility
charges shall be for the sole account of the LESSEE.

8.) RESIDENTIAL PURPOSE. The Leased Premises shall be used only for residential purpose of
the LESSEE.

9.) NUMBER OF OCCUPANTS. The LESSEE agrees that the Leased Premises shall be occupied
by no more than ___ persons, consisting of adult and children.

10.) IMPROVEMENTS. The LESSEE shall not make any major structural changes, alterations,
additions or improvements in the Leased Premises without prior written consent of the LESSOR. Any
and all such alterations, additions or improvements made by the LESSEE on the Leased Premises,
except movable furniture and fixtures put in at the expense of the LESSEE and which are removable
without substantially defacing or injuring the Leased Premises, shall become the property of the
LESSOR and shall remain upon and be surrendered with the Leased Premises as part thereof upon
termination of the Contract, without compensation to the LESSEE.
11.) SANITATION AND REPAIRS. The LESSEE shall keep the Leased Premises in clean and
sanitary condition. Any damages or loss caused to the property due to causes other than the
ordinary wear and tear shall be for the account of the LESSEE who shall immediately replace the
same with the kind and quality or restore or repair the same to its original condition.

12.) FIRE, HAZARD AND OBNOXIOUS SUBSTANCE. The LESSEE shall not keep, deposit or store
in the Leased Premises any obnoxious substance or inflammable materials which may constitute a
fire hazard.

13.) ASSIGNMENT. This Contract cannot be sold, assigned, or otherwise transferred by in any
manner without the prior written consent of the LESSOR.

14.) NON-LIABILITY. The LESSOR shall not be responsible or liable to the LESSEE for any failure
of water supply, electric current or breakdown of other services in the Leased Premises and in the
house, nor for the presence of bugs, vermin, ants, termites or other insects or pests in the Leased
Premises.

The LESSOR shall not in any way be responsible or liable in case of any accident or injury to
the LESSEE, or to any of the LESSEE’s agents, guests, visitors or to any person in or about the Leased
Premises, except when such accident or injury is due to the gross negligence or wilful fault of the
LESSOR, its agents or representatives.

The LESSEE, during its occupancy of the Leased Premises, will indemnify and hold the
LESSOR harmless from any damage, liability or responsibility to any person or property arising out of
or as a consequence of the use of the Leased Premises by the LESSEE, and from any and all liens,
suits, proceedings, claims, demands and actions of any kind or nature or anyone, arising or growing
out of this Contract except for any such action initiated as a result of the gross negligence or wilful
fault of the LESSOR, its agents, or representatives.

15.) ACCESS TO THE LEASED PREMISES. The LESSEE, its employees, duly authorized
representatives and guests shall have free access to and have the right to enter or leave the
compound but only at business hours and not exceed at 12:00 midnight. For security reasons, the
gates for the building will be closed promptly at 12:00 midnight and permission from the Security
Guard is needed prior to entering the premises. Visitors is no longer allowed to enter beyond 12:00
midnight. All tenants will be given one duplicate key at the Main Gate. For security purposes please
provide duplicate key only to your immediate family member.

16.) RETURN OF LEASED PREMISES. Upon the termination of this Contract for any reason
whatsoever, the LESSEE shall immediately vacate the premises and return possession thereof to the
LESSOR, upon the latter’s request, unless this Contract of Lease is extended. Thirty days prior to the
termination of this Contract, the LESSOR may affix a “FOR RENT/FOR LEASE” sign on this subject
premises and may show the premises to prospective tenants during the said period at reasonable
times and with prior notice. The Leased Premises shall be returned by the LESSEE in clean and
orderly manner and in the same good tenantable condition, reasonable wear and tear, excepted.
The cost of such cleaning shall be for the account of the LESSEE.

17.) BREACH. Any violation of the terms provided for in this Contract on the part of the LESSEE or
the LESSOR shall be sufficient ground for termination of this Contract by the aggrieved party.

18.) LOCK-OUT. In the event of default or breach by the LESSEE of any of its obligations under
this Contract, and after due notice has been given by the LESSOR to the LESSEE of the termination
of this Contract, the LESSOR shall have the power and authority to padlock the Leased Premises and
prevent the LESSEE or any occupant or parties concerned related to the LESSEE from entering the
Leased Premises, except to settle all accounts or obligations in favour of the LESSOR; provided, that
the LESSEE shall not remove any of its properties from the Leased Premises until the full settlement
of its obligations to the LESSOR.

The LESSOR shall likewise have the right to take an inventory, withhold release of and/or place in
storage any property belonging to the LESSEE, if any, as security for the payment of the LESSEE’s
obligations under this Contract, without being answerable for any criminal or civil liability arising
there from, and to sell the same at a public auction before a Notary Public, and the balance if any,
shall be turned over to the LESSEE.

For the purpose of this provision, the LESSEE hereby constitutes the LESSOR, their authorized
agents, employees and/or representatives as LESSEE’s attorney-in-fact and all acts performed by
them in the exercise of this authority are hereby confirmed and ratified. The LESSEE expressly agrees
that any or all acts performed by the LESSOR, their authorized agents, employees and/or
representatives under the provision hereof may not be subject of any petition for injunction in any
court or administrative agency.

19. ) LEGAL ACTION AND VENUE. Any violation of the terms of this Contract by the LESSEE shall
be sufficient ground for the termination of Contract by the LESSOR. Should the LESSOR be
compelled to seek judicial relief against the LESSEE, the LESSEE shall pay an amount of One
Hundred Percent (100%) of the amount claimed in the complainant as attorney’s fees, and addition
to other costs and damages which the LESSOR may be entitled under the law. Any legal action arising
from this Contract shall be filed in proper court of Rizal.

20.) Other matters not stipulated in this Contract will be an addendum and will be consider as
form part of this Lease Contract. Particularly on the use of the Roof deck recreation and venue. The
space at the 5th Floor is not part of the leased properly but its use is a privileged extended by the
LESSOR to its Tenants and can be denied of use in any instance deemed necessary.

IN WITNESS WHEREOF, the parties hereto have signed these presents on the date and the
place written.

LESSOR: LESSEE:

WITNESSES:

Republic of the Philippines)

Angono, Rizal ) S.S.ACKNOWLEDGEMENT

BEFORE ME, this _____________________ in Angono, Rizal, personally appeared;

NAME I.D. TYPE I.D# Expired On Issued At

All know to me to be the same persons who executed the foregoing instrument and they
acknowledged to me that the same is their free and voluntary ACT AND DEED.

NOTARY PUBLIC:
Doc.No. _______________
Page No._______________
Book No. ______________
Series of 2024