Beruflich Dokumente
Kultur Dokumente
- and -
WITNESSETH:
WHEREAS, the LESSOR is the absolute and registered owner of a house and lot
25 Sparrow St., Greenmeadows Subd., Quezon City. Metro Manila Philippines,
together with its appliances and fixtures found herein and listed in an Inventory List of
Furnitures, Appliances and Fixtures which is attached hereto as “Annex A”
WHEREAS, the LESSOR has offered to let and the LESSEE desires to lease the
abovementioned house and lot with swimming pool and appliances as per Annex “A” for
the exclusive use of the immediate family of MS. GLORIA R. TENG
1. TERM OF THE LEASE – The term of this lease shall be for a period of TWO (2)
YEARS commencing on March 1, 2016 to February 28, 2018. The LESSOR
and LESSEE may upon mutual agreement, renew the lease upon termination of
the original lease period under the terms and conditions set forth herein,
including the monthly rental rate which may then be set by mutual agreement.
Provided. The LESSEE gives the LESSOR written notice at least sixty (60) days
before the above expiration date. There shall be no tacit renewal of this contract,
notwithstanding the continuation of LESSEE in the possession of the Leased
premises for any length of time after expiration of the Term.
2. RENTAL RATE AND PAYMENT TERMS – The monthly lease rental shall be
ONE HUNDRED SEVENTY THOUSAND PESOS (P170,000.00) Philippine
currency for the 1st and 2nd year and exclusive of Value Added Tax , or any
government taxes, fees, surcharges (if any)
The LESSEE shall pay the LESSOR the amount of SIX HUNDRED EIGHTY
THOUSAND PESOS (P680,000.00) Philippine currency to be paid on or before
March 1, 2016 or upon signing of the Contract of Lease
The LESSEE shall issue three postdated checks in favor of the LESSOR and
shall be given on or before March 1, 2016 or upon signing of the Contract of
Lease in the amount of ONE MILLION ONE MILLION THREE HUNDRED
THOUSAND PESOS (P1,360,000.00) Philippine currency to be dated
September 1, 2016, and the amount of ONE MILLION TWENTY PESOS
(P1,020,000.00) Philippine currency to be dated March 1, 2017 and September
1, 2017
The LESSEE agrees to settle all bills such as but not limited to telephone toll
charges, water, electricity, cable, internet and other utilities up to the date of
turnover of the leased premises and to provide the LESSOR at the same time
proof of such payment. Further, the LESSEE shall allow the LESSOR &/or
LESSOR’S representative/s to enter the leased premises in the presence of the
LESSEE within the sixty (60) days prior to the expiration or termination of the
lease, in order to determine any damages beyond normal wear and tear caused
by the fault or negligence of the LESSEE, members of her household, guests,
employees and assigns and to establish the cost of such damage, if there be
any, for the purpose of deducting said cost from the security deposit.
The LESSOR shall deduct from the security deposit the LESSEE’s unpaid utility
charges and/or cost of said damages and refund to the LESSEE the balance if
any, sixty (60) days upon the expiration or termination of the lease or of its
renewal or extension.
If additional bills for the LESSEE’s account are presented after the above
refunds have been made, the LESSEE warrants to pay such bills within five (5)
days from receiving from the LESSOR notice and proof of the same. If the
LESSEE fails to pay such bills within the time allowed above due to causes
attributable to the LESSEE and the LESSOR is compelled to take legal action to
obtain payment of the same, the LESSEE shall pay, in addition to the amount of
the bills to be paid, interest computed at 3% per month of the amount of the
bills, plus twenty-five percent (25%) of the same amount as and for liquidated
damages, plus the costs of suit and litigation, plus twenty percent (20%) of the
same amount as and for attorney’s fees.
7. USE OF THE LEASED PREMISES – The LESSEE shall use the leased
premises exclusively for residential purposes of one single family of six (6)
persons. ,At any given time, a maximum of eight (8) members of LESSEE’s
household may occupy the Leased Premises.. Furthermore, the subject
premises must not be sub-leased to any party or used for any profit, gain,
commerce such as but not limited to lodging, boarding house, gambling,
manufacture of illegal products and the like. No commercial activity of whatever
nature shall be allowed in the Leased Premises. Notwithstanding, it is
understood and accepted that the LESSEE is free to use the premises for his
home office.
It is expressly understood and agreed that the personal character of this Lease
and/or Contract and the nature of utilization of the Leased Premises are special
considerations for LESSOR’s grant of this lease to LESSEE. Accordingly,
LESSEE shall not assign or transfer his rights under this Contract. LESSEE
shall have no right whatsoever to sub-lease the Leased Premises or any portion
thereof or enter into any arrangement whereby the use of possession of any part
of the Leased Premises is transferred to or enjoyed by any person.
All major repairs except those caused by the fault and/or negligent use of the
leased premises by the LESSEE, members of her household or her guests and
all repairs due to structural defects in the leased premises shall be for the
LESSOR’s account. The LESSOR shall undertake to start repairs within five (5)
days from receipt of written notice from the LESSEE and have them completed
within reasonable time. Should the LESSOR fail to make the repairs within the
time herein specified, the LESSEE may, at his option, have the repairs done for
the LESSOR’s account.
The LESSEE at its own expense shall keep and maintain the leased premises in
a clean and sanitary condition as it has accepted it at the beginning of this lease
contract; shall promptly execute and comply with all the regulations and laws
now existing or which thereafter may be promulgated regarding the use of and
occupancy of the Leased Premises and furnishings. The LESSOR however
shall not be responsible for the following:
a) For the presence of bugs, vermin, termites, insects, mice, etc in the leased
premises;
b) For the failure of water and/or electric supply or of the utilities to function
c) For injury, loss or damage befalling the LESSEE, his agents, guests,
representatives and employees sustained in the Leased Premises for
any cause whatsoever’
The LESSEE shall regularly maintain and repair the air conditioners and other
appliances and including the weekly maintenance of the garden, swimming pool
and regular pest control. .
The LESSEE agrees at all times to keep the leased premises in the same good
and tenantable condition as when originally received and for this purpose, the
LESSOR may, at reasonable times and with prior notice to the LESSEE, enter
the leased premises to inspect the condition of the same, provided the
inspection is done in the presence of the LESSEE and/or his representative in
accordance with paragraph 11 thereof.
13. PROHIBITIONS – The LESSEE is not allowed to use the premises for
business or commercial purpose, nor bring into or to store in the leased
premises anything illegal, highly flammable or explosive material in nature nor
shall LESSEE install therein anything which may expose the Leased Premises
to fire or increase the risk of fire to the same, it being understood that should the
LESSEE do so, not only shall she be responsible for the damages which such
violation may cause the LESSEE and the vicinity of the Leased premises and/or
neighbors, but the LESSOR shall in addition have the right to cancel the
Contract and forfeit all payments made by the LESSEE as and by way of
liquidated damages.
14. THIRD PARTY LIABILITY – The LESSEE during her occupancy of the leased
premises shall hold the LESSOR free and harmless from any damages or
liabilities or responsibilities to any person or property arising out of or as a
consequence of the use of the premises by the LESSEE, her agents,
employees, domestic helpers, guests, etc. including such damages caused by
fortuitous events such as floods, earthquakes, typhoons, lightning, etc which are
beyond the control of the LESSOR.
15. RULES AND REGULATIONS – The LESSEE during her occupancy agrees to
abide by the rules and regulations of the Second Valle Verde Association Inc.in
order to be able to enjoy all the privileges and rights in the use of common
areas, facilities and services of the said Association. Occupancy and use of the
premises are limited strictly to residential purpose, and shall house his family
driver and house helpers;
16. FIRE INSURANCE – The premium payment for the fire insurance of the building
and items listed under Annex A of this Lease Contract shall be for the account of
the LESSOR. Therefore, in the event of fire, all insurance payments pertaining
to the building coverage and Annex A shall accrue in favor of the LESSOR. The
LESSEE however may have the option of insuring for her own account, her
personal belongings within the leased premises;
17. MORTGAGE OR SALE OF THE PROPERTY – The LESSOR reserves the right
to mortgage, sell or dispose of the Leased Premises provided the LESSEE’s
rights under this Lease Contract are recognized and honored. The LESSOR
further binds to stipulate as of the conditions of the sale that the purchaser of the
property shall honor the terms and conditions of this contract of lease.
Otherwise, the LESSOR shall be liable for whatever damages the LESSEE may
suffer in the event the purchaser of the property chooses not to honor the
provision of this lease contract.
In the event of a bona fide sale of the leased premises, the LESSOR shall
transfer and pay to VENDEE the security deposit and any remainder of the
advance rentals which are yet to be applied to future rent under the terms of this
Lease Contract. The LESSOR shall see to it that the deed of sale provides that
the VENDEE shall treat and apply said security deposit and remainder of the
advance rentals in accordance with the terms of this Lease Contract.
18. EFFECTS OF BREACH OF CONTRACT – Should the LESSEE fail to pay the
rents in accordance with the terms of this Lease Contract within the period set
forth in Paragraph 2, hereof, the LESSOR may cancel the lease without prior
notice and forfeit the security deposit of the LESSEE as liquidated damages.
The LESSOR shall have the right to pre-terminate the Contract by giving written
notice of pre-termination but said pre-termination can only be effected in the
event of a violation of this Contract on the part of the LESSOR and the LESSEE
shall return all un used advance rents paid and the two (2) months security
deposit
20. RETURN OF THE LEASED PREMISES – The LESSEE at the expiration of the
Lease Contract or any renewal thereof shall quietly and peacefully deliver and
surrender the leased premises/furnishings/appliances listed in Annex “A” to the
LESSOR in the same condition in which the same was received, save what has
been impaired by lapse of time, ordinary wear and tear or by fortuitous events.
The LESSEE shall settle any unpaid bills.
In turn, should the LESSEE be obliged to enforce any of his rights under this
Contract by virtue of any violations of this Contract of Leasse, the LESSOR shall
pay the LESSEE the cost of litigation and attorney’s fees in the amount of TWO
HUNDRED THOUSAND PESOS (P200,000.00) Philippine currency plus any
and all damages which the LESEE may suffer on account of the violation by the
LESSOR of any provisions of this Contract of Lease.
______________________ ____________________
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the City of , Philippines, on this
___________________, personally appeared the following with their respective
Community Tax Certificates/Passports, to wit:
Name Passport No. Date Place of Issue
Drivers License
Both known to me and to me known to be the same persons who executed the
foregoing Contract of Lease and who acknowledged to me that the same is their free
will and voluntary act and deed. The said Contract of Lease consists of eight (8) pages,
including the Annex (Exhibit A) and this page on which this acknowledgement is written,
duly signed by the parties and their instrumental witnesses on each and every page
thereof.
WITNESS MY HAND AND NOTARIAL SEAL on the date and place first above
written
Note : The Lessee shall maintain, repair and or replace appliances in case of damage
MANUEL L. DY
93 Guirayan St., Araneta Subd.
Quezon City
Tel. No., 705-15-57
ACKNOWLDGMENT RECEIPT
Received from MS. GLORIA TENG the following checks for the rental of the property
located at 25 Sparrow St., Greenmeadows Subd., Quezon City
Four (4) months Advance Rental from March 1, 2016 to June 30, 2016
China Bank___________
February 23, 2016 P 680,000.00
Eight (8) months Advance Rental from July 1, 2016 to February 28, 2017
China Bank__________
July 1, 2016 1,360,000.00
Six (6) months advance Rental from March 1, 2017 to August 31, 2016
China Bank__________
March 1, 2017 1,020,000.00
Six (6)months Advance Rental fro March 1, 2017 to August 31, 2017 1.020,000.00
China Bank___________
March 1, 2017
Received by:
MANUEL L.DY
February 24, 2017
Electric___________________
Water____________________
Noted by:
_______________________ ______________________