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LEASE-CONTRACT Commercial3page Sep2023

The document is a lease contract between Aurora Lara as the lessor and Henry Cahinde Martija as the lessee. It details the terms of the lease including: the leased property is for commercial use only, the lease term is 12 months from October 2023 to October 2024, the monthly rental rate is P10,000 payable by the 30th of each month, and the lessee paid a deposit of P20,000 equivalent to 2 months rent. The contract also outlines provisions regarding default of payment, subleasing, utilities, repairs and damages.

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123 views

LEASE-CONTRACT Commercial3page Sep2023

The document is a lease contract between Aurora Lara as the lessor and Henry Cahinde Martija as the lessee. It details the terms of the lease including: the leased property is for commercial use only, the lease term is 12 months from October 2023 to October 2024, the monthly rental rate is P10,000 payable by the 30th of each month, and the lessee paid a deposit of P20,000 equivalent to 2 months rent. The contract also outlines provisions regarding default of payment, subleasing, utilities, repairs and damages.

Uploaded by

jhaycordova00
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of Imus, this 27th
day of September, 2023, by and between:

AURORA LARA, of legal age, Filipino, and with residence and postal address
at Narra Drive, Treelane 3-B, Bayan Luma 9, Imus City, Cavite, hereinafter
referred to as the LESSOR.

-AND-

HENRY CAHINDE MARTIJA, Filipino and with residence and postal address
at B25, L2, Lacebark St. Phase 1, Greensborough Subdivision, Dasmarinas City,
Cavite, hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a residential


property situated at Aurora Lara Apartment, Palico Daanan, Palico 4, Imus
City, Cavite;

WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the
LESSEE is willing to lease the same;

NOW THEREFORE, for and in consideration of the foregoing premises, the


LESSOR leases unto the LESSEE and the LESSEE hereby accepts from the
LESSOR the LEASED premises, subject to the following:

TERMS AND CONDITIONS:

1. PURPOSES: That premises hereby leased shall be used exclusively by the


LESSEE for commercial purposes only and shall not be diverted to other uses. It is
hereby expressly agreed that if at any time the premises are used for other
purposes, the LESSOR shall have the right to rescind this contract without
prejudice to its other rights under the law.

2. TERM: This term of lease is for 12 MONTHS from October 1, 2023 to


October 1, 2024
inclusive. Upon its expiration, this lease may be renewed under such terms and
conditions mutually agreed upon by both parties, written notice of intention to
renew the lease shall be served to the LESSOR not later than seven (7) days prior
to the expiry date of the period herein agreed upon.
3. RENTAL RATE: The monthly rental rate for the leased premises shall be TEN
THOUSAND PESOS (P 10,000.00), Philippine Currency. All rental payments shall be
payable to the LESSOR every 30th day of the month, paid in advance for the
incoming month.

4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this
contract and prior to move-in an amount equivalent to the rent for TWO (2)
MONTHS or the sum of TWENTY HOUSAND PESOS (P 20,000.00), Philippine
Currency, wherein the deposit shall answer partially for damages and any other
obligations, for utilities such as Water, Electricity, CATV, Telephone, Association
Dues or resulting from violation(s) of any of the provision of this contract.

5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent,
such as when the checks are dishonored, the LESSOR at its option may terminate
this contract and eject the LESSEE. The LESSOR has the right to padlock the
premises when the LESSEE is in default of payment for One (1) month and may
forfeit whatever rental deposit or advances have been given by the LESSEE.
6. SUB-LEASE: The LESSEE shall not directly or indirectly sublet, allow or permit
the leased premises to be occupied in whole or in part by any person, form or
corporation, neither shall the LESSEE assign its rights hereunder to any other
person or entity and no right of interest thereto or therein shall be conferred on
or vested in anyone by the LESSEE without the LESSOR'S written approval.

7. PUBLIC UTILITIES: The LESSEE shall pay for its telephone, electric, cable TV,
water, Internet, association dues and other public services and utilities during the
duration of the lease.

8. FORCE MAJEURE: If whole or any part of the leased premises shall be destroyed
or damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any other
unforeseen disabling cause of acts of God, as to render the leased premises during
the term substantially unfit for use and occupation of the LESSEE, then this lease
contract may be terminated without compensation by the LESSOR or by the
LESSEE by notice in writing to the other.
9. LESSOR'S RIGHT OF ENTRY: The LESSOR or its authorized agent shall after giving
due notice to the LESSEE shall have the right to enter the premises in the presence
of the LESSEE or its representative at any reasonable hour to examine the same or
make repairs therein or for the operation and maintenance of the building or to
exhibit the leased premises to prospective LESSEE, or for any other lawful
purposes which it may deem necessary.

10. EXPIRATION OF LEASE: At the expiration of the term of this lease or


cancellation thereof, as herein provided, the LESSEE will promptly deliver to the
LESSOR the leased premises with all corresponding keys and in as good and
tenable condition as the same is now, ordinary wear and tear expected devoid of
all occupants, movable furniture, articles and effects of any kind. Non-compliance
with the terms of this clause by the LESSEE will give the LESSOR the right, at the
latter's option, to refuse to accept the delivery of the premises and compel the
LESSEE to pay rent therefrom at the same rate plus Twenty Five (25) % thereof as
penalty until the LESSEE shall have complied with the terms hereof. The same
penalty shall be imposed in case the LESSEE fails to leave the premises after the
expiration of this Contract of Lease or termination for any reason whatsoever.

11. JUDICIAL RELIEF: Should any one of the parties herein be compelled to seek
judicial relief against the other, the losing party shall pay an amount of One
Hundred (100) % of the amount clamed in the complaint as attorney's fees which
shall in no case be less than P50,000.00 pesos in addition to other cost and
damages which the said party may be entitled to under the law.

12. This CONTRACT OF LEASE shall be valid and binding between the parties, their
successors-in-interest and assigns.
IN WITNESS WHEREOF, parties herein affixed their signatures on the date and
place above written.

_______________________ ____________________
LESSOR LESSEE
Signed in the presence of:

_______________________ _____________________

ACKNOWLEDGEMENT

Republic of the Philippines)


_____________________) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

Aurora Lara ______________ ___________________


Henry Cahinde Martija ______________ ___________________

Known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that the same is their free and voluntary act
and deed.

This instrument consisting of ____ page/s, including the page on which this
acknowledgement is written, has been signed on each and every page thereof by
the concerned parties and their witnesses, and sealed with my notarial seal.

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

Notary Public

Doc. No._____;
Page No. _____;
Book No._____;
Series of 20___.

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