LEASE AGREEMENT
LEASE AGREEMENT
LEASE AGREEMENT
This LEASE AGREEMENT is made and executed at the City of General Mariano
Alvarez Cavite, this day of _______________, 20____, by and between:
Rudy Acidilla Caballes, of legal age, single, Filipino, and with residence and postal
address at 1535 Brgy. Pulido Ext Dulo General Mariano Alvarez Cavite
hereinafter referred to as the LESSOR.
-AND-
Roxan Delacruz Calamba, Filipino and with residence and postal address at EXT.,
Bernardo Pulido General Mariano Alvarez Cavite, hereinafter referred to as the
LESSEE.
WITNESSETH
WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the
LESSEE is willing to lease the same;
2. TERM: This term of lease is for ONE (1) YEAR. From _____________to
________________inclusive. Upon its expiration, this lease may be renewed under
such terms and conditions as my be mutually agreed upon by both parties, written
notice of intention to renew the lease shall be served to the LESSOR not later than
seven (7) days prior to the expiry date of the period herein agreed upon.
3. RENTAL RATE: The monthly rental rate for the leased premises shall be in
PESOS: AMOUNT IN WORDS P______________, Philippine Currency. All rental
payments shall be payable to the LESSOR.
4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this
contract and prior to move-in an amount equivalent to the rent for THREE (3)
MONTHS or the sum of PESOS: _______________________(P_______________),
Philippine Currency, wherein the two (2) months deposit shall be applied as rent for
the 11th and 12th months and the remaining one (1) month deposit shall answer
partially for damages and any other obligations, for utilities such as Water, Electricity,
CATV, Telephone, Association Dues or resulting from violation(s) of any of the
provision of this contract.
6. SUB-LEASE: The LESSEE shall not directly or indirectly sublet, allow or permit
the leased premises to be occupied in whole or in part by any person, form or
corporation, neither shall the LESSEE assign its rights hereunder to any other person
or entity and no right of interest thereto or therein shall be conferred on or vested in
anyone by the LESSEE without the LESSOR'S written approval.
7. PUBLIC UTILITIES: The LESSEE shall pay for its telephone, electric, cable
TV, water, Internet, association dues and other public services and utilities during the
duration of the lease.
9. 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 which it may deem necessary.
11. JUDICIAL RELIEF: Should any one of the parties herein be compelled to seek
judicial relief against the other, the losing party shall pay an amount of One Hundred
(100) % of the amount clamed in the complaint as attorney's fees which shall in no
case be less than P50, 000.00 pesos in addition to other cost and damages which the
said party may be entitled to under the law.
12. This CONTRACT OF LEASE shall be valid and binding between the parties,
their successors-in-interest and assigns.
IN WITNESS WHEREOF, parties herein affixed their signatures on the date and
place above written.
_______________________ ____________________
LESSOR LESSEE
_______________________ _____________________
ACKNOWLEDGEMENT
Republic of the Philippines)
_____________________) S.S
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 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___.