CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

That this Contract of Lease made and entered on May 14 2019, in Makati City, Philippines, by and between:

___________________________________________, of legal age, Filipino, with address

at__________________________________________________, hereinafter referred to as the “LESSOR”.

And

______________________________ , of legal age, Chinese, hereinafter referred to as the “LESSEE” which

expression where the context so admits shall include the LESSEE successor-in-interests and assigns of the one
part.

WITNESSETH, THAT
WHEREAS, the LESSOR is the absolute owner of a residential condominium unit described as Unit
__2016__ Solstice Residences Condominium located at Address here with an approximate area of 35 square
meters hereinafter referred to as the “LEASED PREMISES” together with the furniture fixtures and other
effects therein ( as described in the Inventory List attached ) and the LESSEE hereby accepts from the LESSOR
the LEASED PREMESES, subject to the following:

TERMS AND CONDITIONS

1. That the LEASED PREMISES shall be used exclusively by the LESSEE for residential purpose 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. PERIOD – The term of this lease shall be for a period of ONE (1) YEAR, commencing on June 1,
2019 and ending on May 31, 2020, renewable upon mutual agreement of both parties subject to new
terms and conditions, provided written notice of renewal is given by the LESSEE to the LESSOR no
later than thirty ( 30 ) days prior to the expiry date of the period herein agreed upon.

3. RENTAL RATE – The parties herein agree that the monthly rental of the LEASED PREMISES shall
be PESOS: P34,000.00 inclusive of Condominium Dues and exclusive of utilities. All rental
payments shall be made payable in favor of the LESSOR, unless otherwise advised by the LESSOR.

4. PAYMENT OF LEASE – Upon signing of this Contract, the LESSEE shall pay the LESSOR Sixty
Eight Thousand (Php68,000.00) Pesos in cash as advanced rental payment for the first and last
months of the lease. Moreover, for the ten (10) remaining months, the LESSEE will give to the
LESSOR ten (10) post-dated checks amounting to Thirty Four Thousand (Php34,000.00) Pesos
dated every 1st of the month, from August 2019 to May 2020 , thereby maintaining the 2-months
advance in rental payment

In the event of a default by the LESSEE in the payment of the rent, such as, but not limited to, when
 payments are dishonored by the issuing bank; when payment are not made within its agreed due date
(7 days after due notice is given); or then the LESSOR, only after written notice to the LESSEE to
comply with the obligation and the LESSEE shall be considered in Default without prejudice to
LESSOR right to terminate the lease. The LESSOR has, subject to existing laws and jurisprudence,
the right to padlock the premises and/or facilitate the discontinuance or cutting off all utilities of the
unit and may forfeit whatever rental deposit or advances that is commensurate with the number of
months the LESSEE is in default of payment.

5. SECURITY DEPOSIT – Upon execution of this Contract and as a mandatory pre-requisite prior to
move-in of the LEASED PREMISES, the LESSEE shall deposit or cash to the LESSOR the amount
equivalent to rental fee of Two months of the sum of Sixty Eight Thousand ( Php 68,000)
Philippine currency. This amount shall be answer for any unpaid utility and damages to the
LEASED PREMISES ) other than usual wear and tear ) and any other unsettled obligations of the
LESSEE under this Contract, if there is any, subject to deduction upon showing of official receipts of
repairs in case of damage sustained by the property or receipts of bills paid by the LESSOR. Any
amount remaining from said deposit, after applying thereto any and all applicable of the lease
contract, upon compliance with the building`s Move-Out Procedures and House Rules and
Regulation and mutual agreement by both LESSOR and LESSEE. This security deposit CANNOT be
applies to as payment for rent. Failure of the LESSOR to return the same, without justifiable reason,
within the said period shall make the LESSOR liable for damages, legal interest and amount
indicated as security deposit.

Such damages and unpaid bills will be deducted from this deposit and LESSOR shall provide a
summary of all deductions to the LESSEE. The LESSOR shall provide receipts and documents to
show in detail how the said deposit was applied to the payment of outstanding bills and/or other
obligations of the LESSEE as contained in this agreement. The balance, if any, shall be returned to
the LESSEE after sixty (60) days from the expiration of the Lease Contract.

In the event the said two (2) months deposit is insufficient to cover for the unpaid utility bills such as
electricity, water, damage, the LESSEE guarantees to undertake payment to the LESSOR within
fifteen (15) days from written notification by LESSOR.

6. FIRE HAZARD AND OBNOXIOUS SUBSTANCES – The LESSEE shall not keep, deposit or store
in the LEASED PREMISES any obnoxious or flammable substance that might constitute a fire
hazard.

7. PROHIBITIONS/CARE OF THE PREMISES-

a. The LESSEE shall not affix, inscribe, or paint or cause to be affixed, inscribed or painted
any advertising medium on any part whether outside or inside of the unit except upon prior
written permission from the LESSOR.
b. The entries, passages, corridors and stairways, shall not be obstructed or used by the
LESSEE for any other purposes other than as means of entrance to and exit from the
premises.
c. The LESSEE shall not drill holes into the marble, wall-papered or concrete walls of the
leased premises to avoid any damages to wall electrical lines, water pipes, etc. resulting
 from such drill.
d. Termite control shall be for the account of the LESSOR.
8. Pest control (ants, cockroaches, rodents, fleas, etc.) shall be for the account of the LESSEE.

9. VIOLATION OR BREACH OF CONTRACT – The LESSEE hereby agrees that all the provisions
contained in this Contract shall be deemed as conditions and covenants and that the LESSOR shall
have the right to immediately terminate and cancel this Contract, without resorting to court action,
should the LESSEE violate any/or all of said conditions, including, but not limited to the failure to
pay rent or any amount due hereunder on the date specified for its payment.

In the event of any breach of the terms and conditions of this Contract, the LESSOR shall be entitled
to exercise, cumulatively or separately, at its discretion, any of the following remedies:

e. Open, enter, occupy, padlock, secure, enclose, fence and otherwise take full and complete
physical possession and control of the LEASED PREMISES without resorting to court
action. For this purpose, the LESSEE hereby appoints the LESSOR, its authorized
attorneys-in-fact, with full power and authority to perform such acts.

10. IMPROVEMENT – The LESSEE shall not make any major structural changes, alterations or
improvements in the LEASED PREMISES, which cannot be removed without destroying or defacing
the premises, without the previous written consent of the LESSOR. Should such consent be given,
the same improvement shall upon termination of Contract, automatically inure to the benefit of the
said premises and become property of the LESSOR, without any obligation in the latter`s part to pay
for its value or cost to the LESSEE. The LESSEE shall, however, have the right to introduce
furniture, carpets, drapes, paintings, appliances, movable improvements ornamental and decorative
objects or fixtures, and to remove said objects at his own expense at the end of the lease.

11. TAXES AND INSURANCE – Real Estate Taxes and government assessments, and other charges of
public in nature which are or maybe levied against the property covered by this lease shall be for the
LESSOR`s account. The Value Added Tex (VAT) due over and above the basic rental shall be for the
account of the LESSEE and shall be payable to the LESSOR upon her who decides not to secure any
insurance shall shoulder his own loss or damage and the other party shall be free from any such
liability.

12. PRE-TERMINATION CLAUSE – The LESSEE is bound by the twelve (12) months term of this
Contract and it shall have no right to pre-terminate this Contract. In the event the LESSEE is
assigned to another country, resigns or otherwise terminates his employment, or is gravely ill/injured
or transfers to another property, the LESSEE shall have the right to designate another person to
occupy the LEASED PREMISES for the remainder of the term of this Contract with the prior written
approval of the LESSOR should consent to the replacement shall not be unreasonably withheld.

13. COMPLETE AGREEMENT – This Contract constitutes and embodies the entire and complete
agreement between the parties and no other terms and conditions, verbal or otherwise, not herein
expressly contained, shall affect, change, modify, be added to or in any manner alter the provisions
herein agreed upon unless such change, modification, addition, or alteration is expressly stipulated in
 writing and duly executed, signed by both parties and notarized.

14. SALE, TRANSFER, MORTGAGE – In the event of sale, transfer, mortgage, or any other
encumbrance of the LEASED PREMISES, the LESSOR shall warrant that the purchaser, mortgagee,
or encumbrance holder shall respect all the terms and conditions of the Contract of Lease including
the provisions for renewal thereof. It is understood, however, that the LESSOR shall inform the
LESSEE of such change of ownership or possession rights within five (5) working days from such
sale or transfer and the LESSEE shall have the option to terminate this Contract of Lease without any
corresponding obligations. It is also understood that the LESSOR has the right to show the property
to prospective buyers or mortgagers at reasonable hours and upon prior notice to the LESSEE.

15. THIRD PARTY LIABILITY – The LESSEE, during the effectivity of this Contract and his
occupancy of the LEASED PREMISES, shall hold the LESSOR free and harmless from any
damages, liability or responsibility to any person or property arising out of or as a consequence of the
use of the LEASED PROPERTY by the LESSEE, his agents employees, domestic helpers and guests.
When such damage or liability is caused by fortuitous events, or acts of God, such as typhoons,
earthquakes, floods, etc. which are beyond the control of the LESSEE, the latter shall not be liable to
the LESSOR.

16. INSPECTION OF THE LEASED PREMISES – The LESSOR or his DULY authorized
representative shall have the right to inspect/enter the LEASED PREMISES at a reasonable time,
with at least one (1) day written notice, for the purpose of checking the premises for any violation of
the terms and conditions of the Contract and/or for repairs and inspection which may be deemed
necessary for the operation and maintenance of the premises.

17. RETURN OF PREMISES – Upon termination of this Contract for any reason whatsoever, the
LESSEE shall immediately vacate the LEASED PREMISES and return possession thereof to the
LESSOR with all the keys thereto appertaining, devoid of all occupants, furniture and articles, and
other movable effects of any kind owned by the LESSEE. The LEASED PREMISES, shall likewise
be returned to the LESSOR by the LESSEE in as clean and good condition as when received from
the LESSOR at the start of the lease, taking into consideration the ordinary wear and tear.

Thirty (30) days prior to the return of the LEASED PREMISES, the LESSOR may show the
premises to prospective tenants during reasonable hours with one (1) day prior notice to the LESSEE.

LESSOR: LESSEE:

__________________________ ____________________________
Name over printed signature Name over printed signature
 ACKNOWLEGEMENT

REPUBLIC OF THE PHILIPPINES

______________________________ )
) S.S.

Before Me, a Notary Public, on this ________________ day of ________________ 2019 at

________________, personally appeared the following:

Name Res. Cert./Passport No. Date/Place Issued

Known to me to be the same persons who executed the foregoing instrument and they acknowledge to me that
the same is their free and voluntary act and deed as well as those of the principal therein represented.

I further certify that this Lease Contract of (6) pages duly signed by the parties and their instrumental witnesses
on each and every thereof.

Witness my Hand and Notarial Seal

Doc. No.
Page No.
Boo No.
Series of _________

Attachment

INVENTORY LIST
UNIT: 2016
QUANTIT
ITEM DESCRIPTION
Y
air-conditioner 　 　
refrigerator 　 　
Range-hood 　 　
stove 　 　
water heater 　 　
washing machine 　 　
curtain 　 　
TV 　 　
TV stand 　 　
sofa 　 　
Dining set