LEASE CONTRACT
KNOW ALL MEN BY THESE PRESENTS:
This
CONTRACT OF LEASE is made and executed at the City of Cavite, this 28th
day of October, 2015, by and between:
MICHELLE A. VALE CRUZ, of legal age,
single, Filipino, and with residence and postal address at 789 Isidro St., San
Antonio, Cavite City, hereinafter referred to as the LESSOR.
-AND-
LANZ
AIDAN L. OLIVES, Filipino and with residence and postal address at 546 Dahlia
St., General Trias, Cavite, hereinafter referred to as the LESSEE.
WITNESSETH; That
WHEREAS,
the LESSOR is the owner of THE LEASED PREMISES, a residential property situated
at 518 VC Apartments, M. Gregorio St., San Antonio, Cavite City;
WHEREAS,
the LESSOR agrees to lease-out the property to the LESSEE and the LESSEE is
willing to lease the same;
NOW
THEREFORE, for and in consideration of the foregoing premises, the LESSOR
leases unto the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED
premises, subject to the following:
TERMS AND CONDITIONS
1.
PURPOSES: That premises hereby leased shall be used exclusively by the LESSEE
for residential purposes only and shall not be diverted to other uses. It is
hereby expressly agreed that if at any time the premises are used for other
purposes, the LESSOR shall have the right to rescind this contract without
prejudice to its other rights under the law.
2. TERM:
This term of lease is for ONE (1) YEAR from October 28, 2015 to October 28,
2016 . 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:
TEN THOUSAND PESOS (P10,000.00), 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 THIRTY THOUSAND PESOS (P 30,000.00), 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, or FOR DAMAGES resulting from violation(s) of any of the
provision of this contract.
5.
DEFAULT PAYMENT: In case of default by
the LESSEE in the payment of the rent, such as when the checks are dishonored,
the LESSOR at its option may terminate this contract and eject the LESSEE. The
LESSOR has the right to padlock the premises when the LESSEE is in default of
payment for ONE (1) month and may forfeit whatever rental deposit or advances
given by the LESSEE.
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, and other public services and utilities during the duration of
the lease.
8. FORCE
MAJEURE: If whole or any part of the leased premises shall be destroyed or
damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any
other unforeseen disabling cause of acts of God, as to render the leased
premises during the term substantially unfit for use and occupation of the
LESSEE, then this lease contract may be terminated without compensation by the
LESSOR or by the LESSEE by notice in writing to the other.
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.
10.
EXPIRATION OF LEASE: At the expiration of the term of this lease or
cancellation thereof, as herein provided, the LESSEE will promptly deliver to
the LESSOR the leased premises with all corresponding keys and in as good and
tenable condition as the same is now, ordinary wear and tear expected devoid of
all occupants, movable furniture, articles and effects of any kind.
Non-compliance with the terms of this clause by the LESSEE will give the LESSOR
the right, at the latter's option, to refuse to accept the delivery of the premises
and compel the LESSEE to pay rent therefrom at the same rate plus Twenty Five
(25) % thereof as penalty until the LESSEE shall have complied with the terms
hereof. The same penalty shall be imposed in case the LESSEE fails to leave the
premises after the expiration of this Contract of Lease or termination for any
reason whatsoever.
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 PERCENTUM (100) % of the amount claimed 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, the parties hereto have signed their names unto this document
this 28th day of October, 2015, in Cavite City, Philippines.
_________________________ ______________________
MICHELLE A. VALE CRUZ LANZ AIDAN L. OLIVES
SIGNED IN THE PRESENCE OF:
____________________ _____________________
CARL FREDSON Y. AU GERTRUDE P. PILLENA
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES )
CITY OF CAVITE ) S.S.
BEFORE
ME, this 28th day of October, 2015 in the City of Cavite, personally
appeared:
Name Competent
Evidence of Identity Place and
Date
of Issue
Michelle A. Vale Cruz Philippine Passport Manila,
11/2014
Lanz Aidan L. Olives Philippine Passport Manila,
11/2014
Carl Fredson Y. Au Driver’s License Manila,
09/2015
Gertrude Pillena Driver’s
License Antipolo,
09/2013
known to
me be the same person who executed the foregoing instrument, and acknowledged
that the same are their free act and deed.
This
instrument, consisting of FOUR (4) pages, including the page on which this
acknowledgment is written, has been signed on the left margin of each and every
page thereof by MICHELLE A. VALE CRUZ and LANZ AIDAN L. OLIVES and their
witnesses, and sealed with my notarial seal.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal on
the date and place above written.
Doc. No.___________; Kayelyn Lat
Page No.___________; NOTARY PUBLIC for Cavite
Book
No.__________; Commission
Serial No.______
Series of 2016. Until
December 31, 2016
Roll of Attorney_______
IBP No.________
PTR No._______
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