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I CONTRACT OF TEASE
\E
\t This CONTRACI
ond betvreen:
Ol LEAIIE (lhe 'Conlrocl", lor brevity), mode ond eniered inlo by
\!
<6 Jobea N. Jolbucno (doino bualnesi under the nome "Jobiv s office
Sooce nenlolr"), bolh ol legol oge. Filipinos ond wilh residenliol oddress ol
^1r.
i l4 Nodero Sl., Toyobo! Cily, Quezon Provlncc Phlllppine! lihe "LESSOR )
ond -
The 0EVEIOPTjIENI BANK Ot IHE PHlLlPPlt{ES (o8P), o governmenl finonciol
insliiotion duly creoled ond operoling under Execulive Order No. 8l doled
December 3, 1986, os omendec' by Republic Acl No.8253 doled febftrory
.?E 14. 1998. du y represenled in this Conkoci by iis Flrsl Vice Preridenl ond Heod
of Regaonol Molteirng Cenler Soulhern ]ogolog ABEIAiDO L |I{ONAIOUIA,
with principol oirlce ol DBP Bullciing, Corner Mokoli ond Sen. Gil Puyol
t# AvenrJes, Mokoti Cily. Phillppines (lh€ "LESSEE"),
WITNESSEIH: tHAT
\T/BEREAS:
2- The LESSOR hos ogreed 10 eose to the LESSEE the Ground Floor ol lhe
olore5oid 2-Slorey Commerciol/Re,identiol Building wilh o floor oreo of
opproximoiely FIFTY (5O) squore meieB excluding pofting doh.
2 3. Ihe LESSEE hos ogreed lo leose toid Ground Floor os per Building Plon
otloched lo lhis Conlrocl os Annex B" (hereinofier refened lo os the
_Leosed Pr€m;ses')
undef ruch lermi ond cond l ons herein sel fo h,
l. IaiM - This Conlroct rholl be for o period ct TEN (10) YEAiS, commencrng
on the dote of isluonce ol Nolice lo Proceed io be issued by lhe LESSEE
wh:ch i5 hereby deemed io lorm on nlegrol porl ol lhir Conlroci. lhe
Co.lrocl lerm ol len il0) yeo6 is inclurve ol one.monlh renl-tree
conslruclion period lor lhe LESSEE'! cofttruciion ol lhe inle.ior officer in
lhe Leosed Premiles.
o:
I Pa-qe 2 ofE
{;
N. schedulel
iI TI{IID YEAR
SIXTI] YEAR
P25,750.0O inclurive ol vAT
?26,52:1.50 inclusive ol vAT
ond olher oppllcoble loxes
ond olhel opplicoble loxes
NINTT] YEAR P27,319.18 inclurive o, VAT ond olher opplcoble loret
The monlhly renlol sholr be poid wilhin lhe lirsl len (10) doyr ol eoch
monlh lhrough creciiling 10 lhe LESSOR bonk qccoLrnl SA No. 5-l175&620'
6 wilhoul lhe necessily ot priordemond-
The Exponded Wilhhotding Tox (Ewl) dLre lo lhe governmenl rholl be
withheld by the LESSIE from ony poymenl mode 1o lhe LESSOR. Ihe EW-'
deducted by the LESSEE sholl bo ol lhe roie prescdbed by lhe gureoLr ol
lnlernolRevenue lglRj ond sholl be remilted direclly to lhe BIR. ll sholl be
indicoled in lhe aredloble wilhholcling lox relum io bo filed wilh lhe BIR
rhol iho iox being wilhheld is to be crodired to ihe IESSOR. The Cerlificote
oi Crediloble Tox Wiihheld ol Source sho[ be iubmilled by the LESSEE to
the LESSOR wilhin lifieen {15) coleodor doys from receipl o, poymenl by
ih6 IESSOR.
Ir. Usl OI LlASlD PREMISIS- Ihe LESSEE express]y ogrgos ond warronh thot
the teosed Promirgs sholl be used exclurively for ihe ollice ond bonkjng
oclivilles ond operoiions ol lhe LESSEE's Luceno Bronch Exlenrion Ol{ice.
The LESEE rholl no1 inlroduce, keep, deposit or slore in the Leored
Premises ony noxious ond hozordous subslonce or flommoblo molerioh or
subilonce lhol might conslilule o fre. sofety ond environmenlol hozord
wilho'Jl lhe p,ior.onsent ol the LESSOR. Ihe LESSEE sholl oho nol indoll
wilhin lhe Leosed Premises ony opporolus, mochinery, or equipmenl,
which moy couse noxiorJs lremors or naises which mighl increose
exposure of the building io iire ho2ord ond iheretore couring on increose
in ils insuronce role
The LESSOR sholl p.ovide the necessory ossbtonce lor the LESSEE lo
mply with lhe aequiremenls in securing permils/cerliticolion lrom
rogulolory bodies, 3uch os building pemil, Iire soleiy/drill- "NO SMOKING"
requiemenl, Deporlmenl ot Environmentol ond Nolurol Resou.ces IDENRi
ceriillcolion. ond orhe6 which moy be reqL,i.6d under lhe LESSEE'S
Envfonmenlol Monogefienl Sysfe]'r IEMS;.
s
9l
&a
o9
Pa&e J ofE
CAIE Ol PlE ISES- The LESSEE hereby ogrees to keep the Leosed
Prem;res in good ond lenonloblg condition ond hereby ogrees lurlher lo
mohloin lhe some in o cleon ond sonilory slole in occordonce wilh
erisling heollh rules ond regulolions, perlinenl lows ond ciiy odinonces on
the moiter. The LESSE€ lurlher ogree5 to rnoinloin ihe inteior detign ol lhe
Leored Premites oeslhellcolly occeploble. ond lo reploce fixiures broken
or destroyed lhrough lhe gross negligence or willful molfeosonce ol lhe
*: LESSEE ond. upon lhe expkolion ol ihe lerm of lhis Conlrocl, lo runender
ond .esiore the Le6ed Premises to the LESSOR in os good ond lenonloble
E6
'-as,
condilion os lhey were ocluoily lound ol ihe beginning oi this Cohkocl.
re.Eonoble weor ond teor excepled. The LESSEE tholl nol be lioble 10 poy
; ony ,ee or chorge lor the moinlenonce of lhe oforeroid building.
v UIIUnES - The LESSEE sholL Ooy ond dekoy,of ls own occounl oli cost oi
woler. ielephone. eleckic llghi ond powq ond oll olhel ulililie5 in lhe
Leosed Premiie! lr oddition lo the oqreed monthly reniol. Th6 eleclric
meier, woler meler ond lronslormer ond other reloled ilems thoroin 1o b6
lrsed by the LESSEE sholl be lor ih occounl ond oll permib ,or ruch
improyemenh lo be obloined rhollbe lor lhe TESSEE's occounl.
Vlll. lllSURAl{CE- The fire inrwonce lor the oioresoid building incluc{ng ihol of
the Leosed Premises shollbe lor lhe occounl oi lhe LESSOR. lnsuronce for
the equipmenl, lumiture ond llxlures ond ony o,her kird inide lhe Leosed
Premhes sholl be for ihe occounl ot ond in fovor the LESSEE.
lx. PARXINC SPACE - Tl',e LESSEE. is employees ond clienh rholl hove occess
lo lhe porking spoce in konl ol ihe Leosed Premises.
RUI,ES AlaO TEGUIAnOXS - Ibe LESSEE sholl comply wilh ony ond oll
s reosonoble rules which moy be promulgoled lrom time lo time by the
LESSOR provided lhot lhe LESSEE is propeiy noiiii6d lhereot. The LESSEE
tholl qho comply wilh oll lhe ruler ond regulotions. ordinonces ond low'
mode by heollh or olher duly constiluted loco or nolionol oulhorilies
orising kom oI regording lhe ure. occlponcy ond sonilolion of ihe
Leored Premises.
xl. ACCESS TO PlE ,l15Es -The LESSEE sholl. upon prior wrillen fequesl lrorn lho
LESSOR. olow ond give occess io lhe LEsSOR or i15 duly oulhorized
represenlotive lo lhe Leosed Premlset durng loirly reotonoble ond
l
o!
Pag. 4 of8
#
R;
The IESSOR rholl not be laoble or occounloble tor ony loss or losrer lhot
moy be sullered by the LESSEE by reoson o, thell, robbery oI ony olher
crimes ccmmilled in or obout ihe LeoJed Premhes excepl when lhe
LESSOR is involved in lhe caime o! o principol. occomplice o. occessory.
E
Xlll. LO3S. INJUiY Ot DAT AGE tO PEtSOt{ Ol PROI€IIY - The LESSEE ogroes 1o
hold the LESSOR lree ond hornlgsr from ony ond oll regpon5ibiliry onsing
lrom loss or domoge lo good5 or properly or inllr.y lo peBont lhol
occurred within ihe conliner ol ih6 Leosed Premires lor ony coure olher
lhon ond ercepl when due lo lhe loull. or negligence ol lhe LESSOR. iis
office,:, empLoiees, representotlver ond/or ogenls in whjch cose ihe
LESSOR rholl be lioble ior such los!, domog6 ond/or injury.
XVl, DIfAULI Ox ltEACll - Should the LESSEE loil lo poy ihe renioL 5iipuloted in
porogroph ll hersof or violore ony ol lne lerms ond condiliont ol ,his
Controcl. ihe LESSOR sholl hove lhe rghi io eiecl lhe LESSEE lrom the
Leosed Premires ond lo recover ond colleci from lhe TESSEE oll occrued
renlol, plus o penolly chorge on oll occrued ,entols oi the rols of One
Percenr (l%) p€r mon'h compuled lrom ihe doie ol deloult unill lhe dote
lhe some ore lully poid
o3
P.se sofS
Xvlll. PIE'TERI lllAIlON Of CONTRACI - The LESSEE moy exerche ils righl 1o
lerminole lhis Contocl fol ony couse or reoron provided sjxly (60)
co endor doys odvonced noi ce is rerved io the LESSOR.
H
XlX. TERiIINAnON Of COI{IIACI - Upon the expiroiion of lhe ierm ol ilis
Conlroct or upon lhe pre-ierminolion o, concelloiion ol the some os
\ ts: p.ovided for in porogrophs XVI ond XIX herool, the LESSEE tholl promplly
. sunender or relurn lhe Leded Pramires lo the LESSOR in os good ond
[€8 tenonloble condilion os when received by il. reosonoble vreor ond leor
le: excepled, devoid ol oll occuponls, lurnilue, orlicler ond eriect! of ony
r$s k;nd oihe. lhon 5uch ollerotions ondlor improvements which. undel
Y Porogroph lV ol thig Conlrocl. rhollbelong lo the LESSOR.
o. The LESSOR is lhe obJolule owner of lhe Leosed Premiser ond hos on
indeleotible righl to leose lhe SOme:
b. Excluding lhose olreody exirting ond onnololed on lhe liller upon lho
rigning of this Conhoci, the Leosed Premiser sholl be lree lrom ony ond
z oii liens ond encurnbronces which ore i'l viololion or inconsidenl wilh
ony nght ol lhe LESSEE under lhi5 Controcl;
c, the Leosed Premlses is in such condlllon os lo render ii fil ,or the use
2 inlended by lhe LESSEE, ond il sholl moinioin lhe Leosed Premises lor
the peocelul ond odequole enioymenl ot lhe LESSEE, incuding
unhompered ingress ond egrers to ond hom lherelo, bosed on lhe
intended lse by lhe LESSEE of lhe Leosed Premises:
G. The LESSOR sholl be responsible lor lhe poymont o, ony r€ol poperly
lox on the Leosed Premher. The term'leol properly lox" sholl meon
reol eslole ioxes imposecl upon lhe lond ond building by lhe nolionol,
provinciol ond/or city governmentr or oulhorilies.
XXl. AINOTATION Of THE LEASE - ror ihe prolecl,on ol ihe LESSEE. lhe subjeci
Conkoct shol be onnololed on lhe oforesoid iox dec orotion covering
o the porcel ol lond on which lhe oloretoicl building is situofed. including
lhe tox declorotion covering building ilsell. ond on lhe cerlificolo o, tille,
ond ony 5ole or konsfer ol ihe olorosoid porcel of lond, lhe building. or
s lhe Loorod Premises initaoted ond perrected by the LESSOR in tovor of the
lhird peEonr sholl nol otreci nor prejudice ihe leosehold righls ol lhe
LESSEE.
XXII. GENERATPROVISIONS
a1
PageTof8
lN wllNESs wHlt[ot, rhe trssoR hos hereunto signed this Conlroci on ihis
At^ doy of jt,rt,.r 2017 n luceno City, Quezon Provlnce,
Phlllpp nes 7
OIVE!OPMENI IAN(OT THE IHIU??INES
Le3see
(TlN:000-44r-60t)
BY:
ABEI.
B-1ry-
Wilne$ for the Lessee
ACKNOWLTDGEMEN'
)sc
qEroiE ritE A Noiory Duolc in ond ro( rhe cil or _JL((tALon lnE ELtr
doy fulu ?O / per9oooly oooeored:
]A8ER N. JAISUEtIA
I
known lo me lo be lhe some personr who execlled lhe lo,egoing inslrumeal ond who
ocknowle@ed io me rhor: (o) rher signoure on lh6 insr^Jmenl were volunloriry ollxed by them
ror rhe purpose stoled lherein: {b) the erecullon ol lhe soid i.slrumenl i! rheir iree ond vollnlory
ocl ond deedj ond lcJ for lhose ociing rn ,epr€senlotive copociiies, ihol lhey ore duly
oulhorted io sign lhb inslrumenl in such copocaiiet. This insltument refe6 to o CONTiACI OF
ttAsl, Consi5ting of six 16l poges ond on Anno( A", ligned by ihe podies o^d lhek inskumenlal
o
ACXNOIY].EDGIMTNT
I )sc
t€fott Att_ A Nolory Put'lic in ond ior rhe Cily ol t,{ on rh,! lLh
lulq 201 7 pel'onolly oppooredl
s s lnown io rn€ lo be the lom€ pe6on who execuled the ioregoing nslrLrrn€nl ond who
ocknowledged lo me lholr io) his signolure o.r the inrrum€nl wor voluntonly oflixed by hm lo.
ihe pu@ose sioted iherein, and: [b) lh6 exocution ol lhe soid nstrumenl ir hi5lreo ond vounlory
-€ ocl onddeed. This ntttumonl.elers io o COI{TIACI Ol LlAl!. Consining ot six 16) pog6s ond on
E Annex 'A . ngned by lhepodies ond th6[ instturneniolwilnesses.
lN Tem ONY Wl{tttof I hove he.eunto iet my hond ond olfipd my nolorid 5€ol oi ,he
doce o^d on lne drl6 fillt obove witleo.
Doc.
Eool I BR|S lrArt altvt tt s. uaflLAn
M,IA*Y Plftt ,c
uitlla Sfcr,rgta 3t, 2017
z ;r*flTffiili:infu,,r*