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Contract of Lease

This 3 sentence summary provides the key details from the lease contract document: The contract is between Celia Cancio as the lessor and Ronald Dait as the lessee for a residential/commercial building located at 67 M.L Quezon St. in Parang, Marikina City. The lease term is for 7 months from June 28, 2023 until a specified end date, with a monthly rental of ₱7,500 to be paid in advance along with a deposit of ₱15,000. The contract outlines the responsibilities of maintenance, repairs, bills, and prohibitions against subletting for the lessee during the lease period.

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41 views

Contract of Lease

This 3 sentence summary provides the key details from the lease contract document: The contract is between Celia Cancio as the lessor and Ronald Dait as the lessee for a residential/commercial building located at 67 M.L Quezon St. in Parang, Marikina City. The lease term is for 7 months from June 28, 2023 until a specified end date, with a monthly rental of ₱7,500 to be paid in advance along with a deposit of ₱15,000. The contract outlines the responsibilities of maintenance, repairs, bills, and prohibitions against subletting for the lessee during the lease period.

Uploaded by

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

KNOW ALL MEN BY THESE PRESENT:

This CONTRACT is entered into by and between:

MA. CELIA M. CANCIO, of legal age, Filipino, single/married and a resident of


# 91 DOÑA AURORA ST. PARANG, MARIKINA CITY, hereinafter called as the LESSOR,
-and-

RONALD G. DAIT, of legal age, Filipino, single/married and a resident of


#71 PARAISO ST. PARANG, MARIKINA CITY, hereinafter, referred to as the LESSEE:

WITNESSETH: THAT

That the LESSOR is the owner of a residential/commercial building situated at

67 M.L QUEZON ST. PARANG, MARIKINA CITY


____________________________________________________________________________
______________________________________;

That the LESSEE will lease the above mentioned residential/commercial building under the
following terms and conditions:

Month year which will commence on June


1. That the term of the lease is for 7,500.00 (______)
28, 2023 up to _________________;
2. That the monthly rental for the above mentioned property shall be at
SEVEN THOUSAND FIVE HUNDRED PESOS ONLY (₱ 7,500.00);

Upon execution of this contract, the LESSEE shall make an advance payment
equivalent to (7,500.00) (1) month/s rental and a deposit equivalent to (15,000.00) (2)
months rental of the premises; that the deposit will be refunded lee whatever amount
that the LESSEE might be owing the LESSOR by the virtue of the contract or any unpaid
obligations (water, electricity, telephone, etc.) damages and violations of this contract.

3. The Lessee shall be responsible in the maintaining the cleanliness (waste segregation)
in the premises as provided under existing laws, being mandated by both Local and
National government;

4. That the LESSEE shall not sublet any or all parts of the leased premises to any person
or entity;

5. That the electric bill, water bill, and ordinary repairs within the leases premises that arise
from daily use and that any lost thereof shall be borne out by the LESSEE without the
right of reimbursement;

6. That the LESSEE and the LESSOR further agree that the terms and condition set forth
in this contract of lease shall be bind the parties.

IN WITNESS WHEREOF, we have hereunto set out hands, this ______________ at


_____________________________, Philippines.
________________________________________
Lessor Lessee
ID No. ______________ ID No. _______________
Issued by ___________ Issued by____________

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