REPUBLIC OF THE PHILIPPINES )

PROVINCE OF _____________ ) S.S.

CITY/ MUNICIPALITY _______ )

CONTRACT
KNOW ALL MEN IN THESE PRESENTS:
This Contract made and executed this ________ day of ______, 20___ in _______________,
Philippines by and between:
( Name and personal circumstances ) herein after called the OWNER;
-and( Name and personal circumstances) herein after called the CONTRACTOR.
WITNESSETH THAT:
1. Scope of Work.
The CONTRACTOR shall perform everything required to be
performed and shall provide and furnish all the labor, materials, necessary tools,
indispensable equipment, and all utility and transportation services required to perform
and complete in a workman like manner with the construction of _________________ to be
located at ____________________ including any and all addenda in the form of bulletins,
prepared by _______________________, acting as, and in these contract documents referred
to as, Architect, which Drawings and Specifications are made part of this contract, and in
strict compliance with the CONTRACTORS proposal and the other contract documents
herein mentioned which are part of this contract; and the CONTRACTOR shall do
everything required by this contract and the other documents constituting a part hereof.
2. The Contract Price. The OWNER shall pay to the CONTRACTOR the performance of this
contract, subject to any conditions or deductions provided therein, the sum of
_______________________
(PHP ________________ ). Payments are made to be paid to the CONTRACTOR in accordance
with and subject to the provisions embodied in the documents made part of this contract.
3. Time of Completion.
The work to be performed under this contract shall be
commenced on or before ___________________ and shall be diligently prosecuted and
substantially completed and ready for occupancy within _______________________ calendar
days thereafter.
4. Payments. The OWNER shall make payments on account of the Contract as provided
therein, according to the following schedule payment:
( State here the Schedule )
5. Component Parts of this Contract.
This contract consists of the following component
parts, all of which are as fully a part of this contract as if herein set out verbatim or, if not
attached, as if hereto attached.
(a) The Advertisement for Bids
(b) Instruction to Bidders
(c) General Conditions of the Contract

IN WITNESS WHEREOF, etc.

______________________________________
___________________________________
(
( OWNER )

CONTRACTOR

( ACKNOWLEDGEMENT )
Form No. 89 LEASE OF CONTRACT OF SPACE
IN A COMMERCIAL BUILDING
REPUBLIC OF THE PHILIPPINES )
PROVINCE OF _____________ ) S. S.
CITY/MUNICIPALITY OF _____ )
CONTRACT OF LEASE
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT OF LEASE is made and entered into this _____________ day of ______________
, 20_______ , at ________________________ , by and between:
[ Name and personal circumstances of LESSOR ], hereinafter called the
LESSOR;
-and[ Name and personal circumstances of LESSEE ], hereinafter called the
LESSEE;
WITNESSETH THAT:
WHEREAS, the LESSOR is the owner of commercial building standing on a parcel land,
covered by Transfer Certificate of Title No. ______________________ issued by the Registry of Deeds
for _______________________
Which parcel of land is more particularly described and bounded as follows, to wit:
[ description ]
WHEREAS, the LESSOR has offered to lease to the LESSEE an office space on the ground
floor of the building containing an area of _______________ sq. meters for office use of the latter.
NOW, THEREFORE, for and in consideration of the foregoing premises and of the
conditions, and stipulations, herein below set forth, the parties agree as follows:
1. TERM The term of the Lease is for __________________ (
) years commencing on
__________________
and expiring on _________________, which may be renewed upon agreement of both
parties, provided that at least __________________ (
) days prior to the expiration of the
lease period, the LESSEE shall advise the LESSOR in writing its intention to renew the
lease and proceed with the negotiation for the renewal thereof. If the LESSEE fail to
comply with written advice, it shall be deemed to have waived its right to renew this
CONTRACT.
2. PRE TERMINATION If either party desire to terminate this contract prior to its
expiration, the party so desiring shall seek the consent of the other party in writing of
such intention at least __________________
(
) days before the intended termination date which consent shall not be
unreasonably withheld. The LESSEE may pre terminate the contract base on
reasonable grounds ( i. e., that the leased premises is no longer fit or safe for
occupancy ).
3. RENTALS The LESSEE shall, without need of notice or demand, pay the LESSOR for the
use and occupancy of Leased Premises the following:
a. The monthly rental within the first ______________ days of the applicable month of
the LESSORS
Place of business;
b. The monthly office rental shall be in the amount of ________________ per square
meter or a total amount of ______________________ ( P
) inclusive of Value
Added Tax. An escalation rate of __________ percent ( % ) shall be imposed on
the monthly rental starting on the second year of the lease period and every
year thereafter, in accordance with the following schedule:

[ state the schedule ]

c. The monthly rental shall be subject to a retention of _____________ percent ( % )
as withholding tax to be remitted by the LESSEE directly to the Bureau of
Internal Revenue (BIR). The LESSEE shall furnish the LESSOR a Certificate of
Creditable Tax Withheld at Source (BIR Form 1743 750 );
d. Upon execution of this Contract, the LESSEE shall pay in advance rental
equivalent to ____________
(
) months which shall be applied to the last corresponding month of
occupancy of the leased premises;
e. A deposit equivalent to ____________ (
) months rental shall likewise be paid by
the LESSEE upon the signing of this Contract, to be refunded upon the expiration
thereof and/ or to be applied to the deficiency in rental payments and other
charges or expenses for its account including but not limited to, bills for
electricity, water, other utilities and damages caused to the Leased Premises due
to the fault or negligence of the LESSEE;
f. The LESSOR shall issue to the LESSEE the corresponding receipt evidencing such
payment.
4. USE OF PREMISES The LESSEE hereby expressly agrees and warrants that the leased
premises shall be used exclusively for office purposes.
5. SUBLEASE/ASSIGNMENT The LESSEE shall not directly or indirectly sublease premises
or assign, transfer, or in any way encumber its right of lease over the leased premises
or any portion thereof, without the prior written conformity of the LESSOR.
6. DELIVERY OF LEASED PREMISES/REPAIRS The LESSOR hereby expressly warrants that
the leased premises are in good and tenantable condition, and the LESSEE hereby
expressly accepts and acknowledges the existence of said condition of the leased
premises at the signing of this agreement.
All repairs which are structural in nature shall be considered as major repairs and shall,
after acceptance of
the premises by the LESSEE, be borne by the LESSOR and the latter is hereby granted the right
to enter the premises: (i) to make the needed repairs and alterations, and (ii) for any other
purposes which may be deemed necessary by the LESSOR for the operation and maintenance of
the building or its installations. Such entry may be made at such time previously arranged as
convenient to both parties.
All minor repairs caused by ordinary wear and tear of the leased premises, the
electrical system installed by the LESSEE, the sanitary and other similar structures including
replacement of bulbs and faucets shall be for the account of the LESSEE.
In case of the failure by the LESSOR to make the necessary repairs within
________________ (
) days from receipt of written notice without justifiable reason, the LESSEE
has the following rights:
a. To terminate the lease by written notice if the failure to make such repairs
causes the condition of the leased premises imminent serious danger to the life
or health of the LESSEEs employees and guests;
b. To have the rent reduced in proportion to the time and part of the leased
premises of which the LESSEE was deprived use thereof.
c.
7. PEACEFUL POSSESION The LESSOR warrants the LESSEs peaceful possession and
enjoyment of the leased
premises for the entire duration of this Contract of Lease.
8. TELECOMMUNICATION/ELECTRICAL, FIXTURES, ETC. The LESSEE shall at its own
expense provide the
electrical and telecommunication fixtures/requirement it desires.
9. PUBLIC UTILITIES/MAINTENANCE All fees for utilities such as electricity, water,
telephone, and other public
services shall be for the exclusive account of the LESSEE. Repairs in the utility service system,
including water pipe, toilet, sewerage installation and electrical connections shall be undertaken
by the LESSOR. The maintenance, repairs and replacement of parts of the air-conditioning unit
inside the leased premises shall be under taken by the LESSEE.
10.ALTERATIONS/ADDITIONS/IMPROVEMENTS The LESSEE shall not make any alteration,
addition or
Improvements on the leased premise without the prior written consent of the LESSOR. It is
expressly agreed that all permanent improvements, alterations or additions introduced by the
LESSEE shall become the property of the LESSOR and shall remain upon and be surrendered with
the Leased Premises as part thereof at the termination of this Contract without any obligation on
the part of the LESSOR to reimburse the cost thereof. Moreover, it is agreed that all movable

improvements including air-conditioning units introduced by the LESSEE in the Leased Premises
may be removed by the LESSEE upon termination of the Contract of Lease for any cause herein
provided or upon vacating the leased premises prior to or on the expiration of this Contract.
11.COMPLIANCE WITH LAWS AND REGULATIONS The LESSEE hereby undertakes to
comply with all laws,
ordinances, regulations or orders of the national or local government authorities arising from or
regarding the use, occupancy and sanitation of the leased premises. Failure to comply with the
said laws, ordinances, regulations or orders shall be the exclusive risk and expense of the
LESSEE.
12.FIRE HAZARDS The LESSEE shall not bring into or store in the leased premises any
inflammable or explosive
goods or materials, any article which may expose the leased premises or the building to fire, or
any other article which the LESSOR may reasonably prohibit.
13.SANITATION The LESSEE shall provide itself, at its own cost and expense, with
receptacles which local
ordinances require to hold and contain garbage and waste material and shall place the
receptacles in such places as may be designated by the LESSOR.
14.REGISTRATION OF CONTRACT The parties agree that this Contract of Lease shall be
annotated at the back
of the Transfer of Certificate of Title No. _______________ issued by the Register of Deeds for
_____________________
for their better protection and security within ______________ (
) days from its execution, the
expenses to be incurred therefor shall be for the account of both parties.
15.INSPECTION OF PREMISES The LESSOR or its duly authorized representative shall
have the right to enter
the leased premises/building at any reasonable time during the LESSEs office hours for the
purpose only of inspecting the premises or of servicing the utilities in the building or to make
repairs.
16.SIGNBOARD RESTRICTIONS The LESSEE, at its own expense, may put up an
identifying sign or
advertisement on and around the main door of the leased premises, provided that the same does
not spoil the general appearance of, or cause damage to the building. No other identifying sign
or advertisement shall be put up, painted or inscribed in the leased premises without the
previous written consent of the LESSOR.
17.NON-LIABILITY The LESSEE shall be responsible for all acts done by its employees and
guests entering the
Leased premises insofar as the enforcement of the provisions of this contract is concerned. Any
damage or injury to the leased premises due to the fault of the LESSEE, its employee or guest
shall be repaired promptly by the LESSEE at its own expense.
18.RETURN OF PREMISES AFTER ITS USE The LESSEE, at the expiration of the term of the
lease or cancelation
of the lease as herein provided, shall promptly deliver the leased premises to the LESSOR in good
and tenantable condition, as the same now are, reasonable wear and tear excepted, devoid of all
occupants, furniture, articles, and effects of any kind.
19.DESTRUCTION / DAMAGE TO THE LEASED PREMISES I n case of total destruction of
the leased premises or
the destruction or damage is partial, the LESSEE may choose between a proportional reduction of
the rent or rescission of this Contract of Lease.
20.VIOLATION OF TERMS AND CONDITIONS Violation of any term or condition of this
lease as herein provided
shall be sufficient ground for termination of the lease. The rescission or termination of this
Contract of Lease pursuant to this provision may be effected by the LESSOR or the LESSEE as the
case may be.
21.WARRANTY The registered owners of the land on which the [ Name of the Building ] is
constructed hereby
recognized this Contract and warrant peaceful possession of the leased premises by the LESSEE.
22.DAMAGES The parties agree that all covenants and agreements herein contained
shall be deemed
essential conditions and that it default or breach be made of any such conditions, then this lease,
at the discretion of the aggrieved party, may be terminated after prior written notice to the guilty

party, who shall be liable for any and all damages, actual and consequential, resulting from such
default and termination.
23.ATTORNEYS FEES In the event that either the LESSOR or the LESSEE is compelled to
seek judicial relief to
enforce any terms and conditions of this Contract, the party adjudge liable in whole or in part
shall, in condition to the damages mentioned in the preceding paragraph, pay the amount
equivalent to __________ % of the amount claimed in the complaint as attorneys fees, which shall
in no case be less than __________________________________________
(P
), in addition to all expenses of litigation and cost of the suit.
24.VENUE OF COURT ACTION The parties herein agree that should judicial relief be
sought by either of them
to enforce any right under this contract, the venue of such action shall be in the proper court of
____________________
at the option of the aggrieved party.
25.BINDING EFFECT All the terms and conditions of this Contract of Lease shall be
binding upon the heirs,
Successors and assigns of the parties hereto.

IN WITNESS WHEREOF, etc.

________________________________________
_______________________________________
[
[ LESSEE ]
SIGNED IN THE PRESENCE OF:
________________________________________
________________________________________

[ ACKNOWLEDGEMENT ]

LESSOR