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WITNESSETH: That --
3.1 The Parties may renew this Contract of Lease under such
terms and conditions as shall then be agreed upon by the Parties.
3.2 In the event that the LESSEE intends to renew this Contract
of Lease, the LESSEE must provide the LESSOR written notice of such
intention to renew this Contract of Lease at least sixty (60) calendar
days before expiration of the Lease Term. All utility bills, such as but not
limited to, water, electricity, gas, cable TV, telephone and the like, must
be fully paid/settled by the LESSEE. The LESSOR and the LESSEE
shall endeavor to execute a contract of lease for the renewed term at
least thirty (30) calendar days before expiration of the Lease Term.
4. AMOUNT OF RENT. --
LESSEE of all charges and expenses due from it under this Contract of
Lease, such as, but not limited to, unpaid electric bills, telephone bills,
water bills and any other public utility bills incurred by it in the LEASED
PREMISES and for any other obligations for which it is responsible
under this Contract of Lease. The said deposit shall not be applied
against currently maturing rents or against any rental arrears due from
the LESSEE but the same shall be held by the LESSOR until the
expiration or termination of the Lease Term and refunded by the
LESSOR to the LESSEE within three (3) months from said date,
without interest, after deducting therefrom all amounts chargeable to the
LESSEE under the Contract of Lease, without prejudice to the right of
the LESSOR to collect any deficiency from the LESSEE should said
deposit be insufficient for said purpose.
7. USE OF PREMISES. --
7.1 The LESSEE shall use the LEASED PREMISES only and
exclusively for business purposes and not as a residence or dwelling of its
stockholders, directors, employees, guests or friends.
7.4 The LESSEE shall use the LEASED PREMISES with due
and proper care, seeing to it that the same are kept in clean and sanitary
condition at all times free of garbage, debris and other noxious materials
and without any bugs, insects, and vermin that may cause harm or
annoyance to the occupants of the LEASED PREMISES, their neighbors
or other persons. The LESSEE shall be liable for any minor loss, damage
Contract of Lease
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11.2 The LESSEE shall indemnify and hold harmless the LESSOR
against all actions, suits, damages and claims by whomsoever that may
be brought or made by reason of the LESSEE's violation, non-observance
or non-performance of the rules, regulations, ordinances or laws
mentioned in this section or of any of the covenants of this Contract of
Lease, without prejudice to the right of the LESSOR to cancel this
Contract of Lease in accordance with the penal provisions hereof.
12.1. The LESSEE shall be responsible for the cost of the minor
repairs and expenses, including repairs due to ordinary wear and tear
and repairs due to the fault or negligence of the LESSEE, members of his
household, guests, or visitors, costing FIVE THOUSAND PESOS (Php
5,000.00) or less for each item or unit changed or replaced. For
purposes of this paragraph, "minor repairs" shall refer to: replacement,
breakage or loss of light bulbs, lights, fixtures, electrical switches, fuses,
outlets, buzzers, faucet handles, drawer or cabinet pulls and catches,
keys, door knobs, locks, toilet seats and water tank covers, windows, and
faucet leaks.
14. REAL ESTATE TAXES - All real estate taxes due on the
property shall be for LESSOR's account.
15.1 Should the LESSOR ask the LESSEE to vacate the LEASED
PREMISES, the LESSOR will not charge any rents for the duration of
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the said repairs. Consequently, the LESSOR agrees to extend the Lease
Term to cover the time spent effecting the said repairs.
19.5 any injury, loss or damage including death which the LESSEE,
members of his household, guests, or visitors, or any and all other
persons may sustain in the LEASED PREMISES due to theft, robbery,
arson and other crimes or any cause whatsoever.
29.1. Should the Aggrieved Party seek judicial relief against the
Party in Default for the enforcement of any of his rights under this
Contract of Lease, the Party in Default obligates itself to pay attorney’s
fees in an amount equivalent to twenty five percent (25%) of the
amount claimed in the complaint but in no case less than the
equivalent of five (5) months’ rent, exclusive of the lawyer’s
acceptance fee of ONE HUNDRED THOUSAND PESOS (Php
Contract of Lease
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_____________________________ ____________________________
RALPH LIM JOSEPH MA. VERONICA G.
Corporate President RESSURECCION
_____________________________ ___________________________
ACKNOWLEDGMENT
WITNESS MY HAND AND SEAL, the date, year and place above-
mentioned.