CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease is made and executed by and between:
WEBSTER JOSEPH FRANCIS T. CELIS, of legal age, single, Filipino
citizen and with postal address at P2 Mt. View Subd., Mandalagan,
Bacolod City, Negros Occidental, hereinafter referred to as the LESSOR,
AND
ERNESTO R. SANTOS, of legal age, married, Filipino citizen and with
postal address at Lot 35 Blk. 3 Phase7, Cherry St., Greenwoods Executive
Village, Cainta, Rizal, hereinafter referred to as the LESSEE.
WITNESSETH:
WHEREAS, the LESSOR is the owner of a residential condominium unit
described as Unit LG03 Tower F Hampton Gardens Condominiums, located at 100 C.
Raymundo Avenue, Maybunga, Pasig City, hereinafter referred to as the LEASED
PREMISES.
WHEREAS, the LESSEE desires to lease the above mentioned premises
including furniture and fixtures which are hereto described in the attached ANNEX A and
the LESSOR is willing to lease the same unit to the LESSEE subject to the terms and
conditions hereinafter specified:
NOW, THEREFORE, for and in consideration of the foregoing and the mutual
covenants herein contained, the LESSOR hereby let and lease unto the LESSEE, the
above mentioned LEASED PREMISES and the LESSEE hereby accepts subject to the
following terms and conditions:
1. TERMS: The lease shall be for a period of one (1) year to start on JANUARY 11,
2015 to JANUARY 10, 2016, renewable upon mutual agreement of both parties
provided the LESSEE gives thirty (30) calendar days prior written notice to the
LESSOR of its intension to renew the lease prior to the termination thereof.
2. RENTAL: For the use and occupancy of the LEASED PREMISES, the LESSEE
shall pay the LESSOR a monthly rental of TEN THOUSAND PESOS
(P10,000.00), which is exclusive of condominium & estate dues. Monthly
condominium & estate dues shall be for the account of the LESSEE.
2.1. Upon signing of this Contract, the LESSEE shall pay the LESSOR a one (1)
month advance rental in the amount of TEN THOUSAND PESOS
(P10,000.00) and two (2) months Security Deposit in the amount of
TWENTY THOUSAND PESOS (P20,000.00) for a total amount of
THIRTY THOUSAND PESOS (P30,000.00).
2.2. Upon signing of this Contract, the LESSEE shall issue eleven (11) Postdated
Checks at TEN THOUSAND PESOS (P10,000.00) each for the last eleven
(11) months of lease. The Postdated Checks shall be dated on the 11th of
every month, starting February 11, 2015 to December 11, 2015.
BREAKDOWN OF PAYMENT:
Two (2) months Security Deposit:
One (1) month advance:
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P20,000.00
P10,000.00

Eleven (11) Postdated Checks at

P10,000.00 each.

3. SECURITY DEPOSIT: The TWENTY THOUSAND PESOS (P20,000.00),

which is equivalent to two (2) months rental, as Security Deposit shall answer for
non-compliance by the LESSEE with the terms and conditions of this Contract.
3.1. The Security Deposit shall upon termination of the lease and actual
endorsement or turnover of the unit to the LESSOR, be returned by the
LESSOR to the LESSEE within sixty (60) days, WITHOUT INTEREST,
less all financial obligations that may be due and owing by the LESSEE to
the LESSOR under this Contract.
3.2. The Security Deposit shall not be used to substitute as a rental payment at
any point and time during the life of this Contract.
3.3. When applicable, the Security Deposit shall be applied by the LESSOR in
the following order of priority:
3.3.1. Firstly, to any obligation that may be established to be due and
owing from the LESSOR by the LESSEE under this Contract other
than rental or utility charges;
3.3.2. Secondly, against unpaid bills or utility charges for the LEASED
PREMISES like electricity, water, telephone, cable TV, etc;
3.3.3. Thirdly, against unpaid rental.
4. USE OF LEASED PREMISES: The LESSEE shall exclusively use the
LEASED PREMISES for residential purposes for a maximum of four (4) persons
only. It is hereby agreed that at any time during the term of this lease, should the
use of the LEASED PREMISES be diverted for other purposes, without the
consent of the LESSOR, the latter shall have the right to terminate the Contract.
4.1. The LESSEE shall not bring into or store in the LEASED PREMISES
highly inflammable materials for explosives nor install any apparatus
machinery or equipment which may cause obnoxious odor, excessive
tremors or noise or increase the fire hazard of the building and increase the
insurance rate thereof.
5. UTILITIES: All expenses for water, electric, telephone, cable TV and other
utility services in the LEASED PREMISES during the period of occupancy of the
LESSEE shall be for the LESSEES account.
5.1. The LESSEE, at the request of the LESSOR, shall provide the LESSOR
every end of each quarter, the copies of receipts of payment of the above
utility bills.
6. IMPROVEMENTS: Any improvement or alterations which are permanent in
nature, to be made by the LESSEE, shall have prior written consent on the part of
the LESSOR which consent shall not be unreasonably withheld by the LESSOR.
6.1. All such improvements or alterations, which are permanent in nature, shall
automatically inure to the benefit of the LESSOR without any obligation on
the part of the LESSOR to pay or refund its value or cost to the LESSEE.
6.2. Improvements which are not permanent in nature and which are removable
without causing damage or defacing the premises, such as appliances,
computer and other similar equipment installed by the LESSEE shall belong
to the LESSEE and maybe removed from the LEASED PREMISES,
provided that the LESSEE shall not drive nails, screws, etc. nor bore holes
on wood concrete and metal parts of the LEASED PREMISES without the
prior written consent of the LESSOR.
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7. MAINTENANCE AND REPAIRS: The LESSEE shall maintain the LEASED

PREMISES in clean, sanitary and tenantable state. It is LESSEES option on how
to clean the place as long as it is kept clean.
7.1. The LESSEE shall surrender and return the LEASED PREMISES in good
condition as they were actually found at the beginning of the lease, ordinary
wear and tear excepted.
7.2. Any repair and damage due to the fault or negligence of the LESSEE, his
agents, employees or guests (other than ordinary wear and tear) shall be for
the account of the LESSEE.
7.3. It is further agreed that all minor repairs that need to be undertaken by the
LESSEE, on any damage to the LEASED PREMISES that is due to the fault
or negligence of the LESSEE, his agents, employees or guests, shall be
attended to immediately to ensure that they do not escalate to major repairs
in order to preserve the LEASED PREMISES.
7.4. Failure of the LESSEE to undertake the necessary minor repairs under
Section 7.3 of this Contract shall entitle the LESSOR to do the same subject
to reimbursement from the LESSEE.
7.5. The LESSOR reserves the right to enter and inspect the LEASED
PREMISES (between 9am5pm) and with proper notice to the LESSEE to
ensure the sanitation and cleanliness and that repairs and maintenance are
being done.
7.6. Minor and major repairs that are not due to the fault or negligence of the
LESSEE, his agents, employees or guests shall be for the account of the
LESSOR.
8. INSPECTION OF PREMISES: The LESSEE has inspected the LEASED
PREMISES and as a result of which, it is hereby agreed that the LESSEE
accepted by the way of lease, all improvements furnishing and fixtures in the
LEASED PREMISES.
9. RULES AND REGULATIONS: The LESSEE shall comply with any and all
reasonable rules and safety regulation, which may be promulgated from time to
time by Hampton Gardens Phase III Condominium Corporation.
9.1. No animals whether pet or otherwise, shall be permitted within any part of
the LEASED PREMISES, which is the source of annoyance to
residents/occupants of other units within the building.
10. SUB-LEASE, TRANSFER OF RIGHTS: The LESSEE shall not directly or
indirectly assign, transfer or encumber its rights in this Contract nor sublet any
part of the LEASED PREMISES.
11. BREACH OR DEFAULT: The LESSEE agrees that all covenants and
agreements herein contained shall be deemed essential conditions and part of the
consideration hereof and that if default or breach be made on any of the covenants
or agreements, which include non payment of any and all accounts related to this
Contract which could not be remedied within fifteen (15) days from written notice
thereof, the LESSOR shall have the right to TERMINATE or CANCEL this
Contract, and thus the two (2) months Security Deposit shall be forfeited in favor
of the LESSOR.
12. THIRD PARTY LIABILITY: The LESSEE, during its occupancy of the
LEASED PREMISES, shall hold the LESSOR free and harmless from any
damage or liability or responsibility to any person or property arising out of, or as
a consequence of the use of the LEASED PREMISES by fault or negligence of
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the LESSEE, his agents, employees, domestic helps and guests: When such
damage and liability cause to the LEASED PREMISES by fortuitous events or
acts of God like typhoon, earthquake, flood, etc., which are beyond the control of
the LESSEE, the latter shall not be liable to the LESSOR or to any third person.
13. PRE-TERMINATION: In the event the LESSEE pre-terminates this lease before
the expiration thereof, the two (2) months Security Deposit shall be forfeited by
way of liquidated damages. The LESSOR shall in no instance pre-terminate the
lease and shall at all times respect LESSEES possession of the premises for as
long as this Contract is not violated.
14. SALE AND MORTGAGE OF PROPERTY: The LESSOR reserves the right to
mortgage, sell, or otherwise dispose of the LEASED PROPERTY provided the
rights of the LESSEE under this Lease Contract are respected. The LESSOR shall
be liable to the LESSEE if the LESSEES possession is disturbed as a result of the
LESSORS mortgage, sale or disposition of the LEASED PREMISES. The
LESSEE shall have the right to terminate the Contract if the LESSOR mortgages,
sells, or otherwise disposes of the LEASED PROPERTY without forfeiture of
Security Deposit.
15. ARREARS: Should the LESSEE fail to pay any and all accounts related to this
Contract of Lease for a period of thirty (30) days from written notice thereof, the
LESSOR shall have the power and authority to terminate this Contract of Lease
and lock out the LESSEE from the LEASED PREMISES and prevent the
LESSEE entry within, except to settle all accounts or obligations in favor of the
LESSOR.
15.1. The LESSOR shall also have the right to retain the property found in the
LEASED PREMISES as security for payment of any of the LESSEES
obligations under this Contract of Lease, which properties the LESSOR may
dispose of and the proceeds to be applied to such obligations and the excess
to be turned over to the LESSEE or whoever is entitled thereto; or place the
same in deposit, if necessary, without prejudice to the right of the LESSOR
to collect the deficiency, if any, from the LESSEE.
16. VENUE OF COURT ACTION, COST OF LITIGATION AND
ATTORNEYS FEES: Any legal action or proceeding under this Contract shall
be brought in the proper court of Pasig, the parties hereby waiving any other
venues.
IN WITNESS WHEREOF, the parties hereunto set their hands this ______ day
of _______________, 2015 at ___________________, Philippines.

WEBSTER JOSEPH FRANCIS T. CELIS

LESSOR

ERNESTO R. SANTOS
LESSEE

SIGNED IN THE PRESENCE OF:

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ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES)
CITY OF _____________________ ) S.S.
BEFORE ME, a Notary Public for and in _______________in this ____ day of
_________________, 2015 personally appeared.
NAME
Webster Joseph Francis T. Celis

Ernesto R. Santos

TIN/ID
________
________

Date Issued
__________
__________

Place Issued
__________
__________

WITNESS MY HAND AND SEAL on the date and place first above written.
NOTARY PUBLIC

Doc.No.: ______
Page No.: ______
Book No.: ______
Series of 2015.

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