Draft Contract of Lease
Draft Contract of Lease
This Contract of Lease made and entered into this day of , 2022 at
, Philippines, by and between:
-and-
WITNESSETH that:
WHEREAS, the LESSOR is the registered owner of an Apartment Building, specifically Unit _______No.
_________________________ASPC- __________________-Alabang Zapote Rd, Almanza, Las Piñas City,
hereinafter described to as the “LEASED PREMISES.”
WHEREAS, the LESSEE desires to lease the aforesaid LEASED PREMISES and the LESSOR is willing
to lease the same unto the LESSEE subject to the terms and conditions herein specified:
NOW, THEREFORE, for and in consideration of the foregoing and the mutual covenants, the LESSOR has
let and by these presents does hereby let and lease unto the LESSEE the LEASED PREMISES, and the LESSEE
hereby accepts the same by way of lease, subject to the following terms and conditions:
1. LEASE PERIOD- The lease of said LEASED PREMISES shall be for the period of _six (6) months_, to
commence on _________ _ and to expire midnight of ___________ renewable upon mutual agreement and
consent of both parties. The LESSEE shall give a written notice to the LESSOR of its desire to renew the lease
at least sixty (60) days before termination of the contract.
2. RENTAL RATE- In consideration of this Contract, the parties herein agree that the monthly rental of leased
premises shall be: _FIVE THOUSAND FIVE HUNDRED PESOS ONLY__ (₱ ______ ), Philippine
Currency, inclusive of the Water bill, and excluding other utilities.
a. Upon signing of Contract, the LESSEE shall pay the LESSOR ___________-_________(₱
____________), as payment for One (1) Month Advance Rent (_______________). The LESSEE
shall pay the LESSOR every __1st of the month as stated on the Schedule of Payment through
online payment. The LESSEE shall notify and show proof of payment for the monthly rent and the
LESSOR shall issue an Official Receipt for the monthly rent. (please see attached Payment
Schedule)
b. SECURITY DEPOSIT- Upon signing of this Contract, the LESSEE shall pay to the LESSOR the
sum of ___________________ Pesos only (₱ __________) to be applied as two (2) months Security
Deposit and shall not earn interest during the leased period or any extension thereof. The two (2)
months security deposit shall be deemed a deposit in case there are unpaid bills such as electric,
cable, and the like, penalties and/or surcharges damages on the leased premises aside from the natural
wear and tear. The balance, if any, shall be refunded to the LESSEE upon the termination of this
Lease Agreement, settlement of accounts noted herein, not to exceed sixty (60) days after the
termination of this Contract, and turnover of the leased premises to the LESSOR. The Security
Deposit will not be released if case LESSEE has not completely pulled out his/her personal
belongings. The LESSOR shall impose a storage fee of One Thousand Pesos (P1,000.00) per month
and shall deduct from the Deposit until the personal belongings of the LESSEE are completely pulled
out from the Leased Premise. Security Deposit shall be forfeited without the need of further notice
in case the LESSEE will not be able to complete the Contract period or any renewal or extension
period hereof. The LESSEE in return shall surrender all keys of the leased premise. Security
Deposit cannot be applied as rental payment.
4. SUBLEASING – The LESSEE shall not sublease the lease premises to other person/entities except upon the
express written consent of the LESSOR.
5. NON-PAYMENT OF RENT – Failure or delay on the part of the LESSEE to pay equivalent of one (1)
monthly rental shall be considered as a default of the Contract. The amount paid in accordance with paragraph
2b hereof, shall be forfeited in favor of the LESSOR as part of liquidated damages without the need of further
notice and without prejudice to the collection of further damages. LESSOR has the right to repossess the leased
premises without need of prior notice, demand or judicial action. LESSOR shall likewise be entitled to, as the
LESSEE shall be liable for, liquidated damages in the amount of 25% of the total amount of unpaid rent.
6. ABANDONMENT OF LEASED PREMISES – LESSEE hereby agrees that he/she shall be deemed to have
abandoned the leased premises if the same remains vacant, vacated or uninhabited by the LESSEE for a period
of more than fifteen (15) days from due date of Rent without payment, notice and coordination to the LESSOR
within the duration of the lease. In such case, the LESSEE likewise agrees and permits LESSOR or his/her
representative to enter the leased premises using whatever reasonable force necessary to repossess the same
without need of prior notice, demand and/or judicial action. Should the LESSOR repossess the leased premises,
LESSEE has five (5) days from notice within which to claim his personal property found inside the leased
premises during repossession from LESSOR. Otherwise, LESSOR shall have the right to dispose of said
personal property after lapse of the day period.
7. LIMITATION ON NUMBER OF OCCUPANTS – The LESSEE shall declare/issue a list of names, personal
details and number of tenants who will occupy the LEASED PREMISES upon execution of this Contract.
Thereafter and during the effectivity of this Contract, the LESSEE is not allowed and/or shall not allow any other
person not included in the list mentioned above to move in, occupy, and/or live in the LEASED PREMISES
without the written consent of the LESSOR. The LESSEE hereby agrees and acknowledges that any violation of
this prohibition shall be construed as a breach of this Contract, and shall be considered by the LESSOR as a
ground to terminate the same for which the LESSEE shall be liable to the LESSOR in the amount of
Php8,000.00/per occupant.
8. BREACH – In case of the failure of LESSEE to abide by, comply with, or adhere to the provision of this
agreement, the same shall constitute a breach hereof, and shall entitle LESSOR to repossess the leased premises
without need of prior notice, demand or judicial action, with costs against the LESSEE.
9. SEPARABILITY CLAUSE – In case some of the provision of his Agreement is subsequently nullified or
rendered void, the remaining valid provision shall remain in full force and effect between the parties herein.
10. ELECTRICITY, CABLE, TELEPHONE, ETC.: All expenses for electricity, telephone, and other public
services or utilities enjoyed in the leased premises shall be for the account of the LESSEE. Failure of the LESSEE
to pay any of the foregoing shall be a ground for the termination of this contract. It is the responsibility of the
LESSEE to check the proper installation and/or performance of the utilities. Any additional charges by the utility
companies due to leakage, etc., shall be for the account of the LESSEE.
11. THIRD PARTY LIABILITY: The LESSEE during the occupancy of the leased premises shall hold the
LESSOR free and harmless from any damage, liability or responsibility to any person or property arising out of
or as a consequence of the use of the leased premises by the LESSEE, his agents, employees, guests, when such
damage or liability is caused by the fortuitous events or acts of God, such as typhoon, earthquake, explosion, and
flood, etc, which are beyond the control of the LESSOR.
12. NON-LIABILITY OF THE LESSOR: The LESSOR shall not be liable for any loss, damage or inconvenience
which the LESSEE may sustain in the LEASED PROPERTIES due to any cause whatsoever, including but not
limited to the following:
a. Leakage or defect in or destruction of any water, electrical, telephone/cable service/internet service or
plumbing installation or facilities in or about the LEASED PREMISES.
b. Absence, failure, breakdown, or insufficiency or water supply, electric current, telephone/cable
service/internet service or plumbing installation or facilities in or about the LEASED PREMISES.
c. Presence of bugs, ants, termites, rats vermin or insects of any kind of nature in the LEASED
PREMISES.
d. Fire or fortuitous events, theft, robbery or other crimes and misdemeanors.
13. LOCK-OUTS: LESSEE agrees that he will be liable for a PHP500.00 service charge in the event the LESSOR
is required to close or reopen the leasehold premises at the request of LESSEE of or government authorities.
14. CONSENT TO INSPECT AND SHOW: LESSOR or his/her representative may enter the leased premises with
prior notice at a reasonable time to conduct periodic inspections or perform necessary maintenance. Also, once
LESSEE has given notice of their intent to vacate, LESSOR or his/her representative may enter the premises with
prior notice to show the unit to prospective tenants.
15. PERSONAL PROPERTY: LESSEE is responsible for his/her own insurance on personal property. LESSOR
shall not be liable for any loss, damage or destructions of LESSEE’S personal property. LESSOR may remove
and store at the expense of the LESSEE all property found contained herein, after move-out of abandonment of
the unit by LESSEE.
17. JUDICIAL RELIEF AND PENALTY: Should the LESSOR be compelled to seek judicial relief against the
LESSEE to enforce this contract, the latter shall, in addition to the damages mentioned in the preceding paragraph,
be liable to pay attorney’s fees equivalent to 20% of the amount claimed in the complaint, the same should not
be less that PHP50,000.00 aside form the cost of the litigation and other expenses which the lay may entitle the
LESSOR to recover from the LESSEE.
18. This Lease Agreement expresses the whole agreement between the parties concerning the premises, and it cannot
be modified or changed by any oral or verbal promise by whosoever made unless said modification is reduced to
writing and acknowledged by the signatures of the parties hereto.
IN WITNESS WHEREOF, the PARTIES hereto have affixed their signatures this____ th day of ____________20
______ in ____________________.
___________________________ _________________________
Before me, a Notary public, for and in the above jurisdiction, personally appeared the following:
Known to me and to me known to be same person who executed the foregoing Residential Lease Agreement consisting
of four (4) pages, and acknowledged that the same is their free and voluntary act and deed.
Doc. No.______
Page No.______
Book No.______
Series 2022
PUBLIC NOTARY