1. PURPOSES: The premise hereby leased shall be used exclusively by the LESSEE for residential 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 rights under the law. 

2. TERM: This term of lease is for ____ months from _______________ to _______________, inclusive. 

3. RENTAL RATE: The monthly rental rate for the LEASE PREMISES shall be in PESOS: ___________________________ (Php __________.00), Philippine Currency. All rental payments shall be payable to the LESSOR.

4. RENTAL RATE INCLUSIONS: The monthly rental rate for the leased premises (☐ includes ☐ does not include) the monthly payment for the association dues.

5. SECURITY DEPOSIT: That the LESSEE shall pay to the LESSOR upon signing of this contract and prior to move-in a security deposit with an amount equivalent to the rent of ____ (__) MONTH(s) or the sum of PESOS: ___________________________ (Php __________.00), Philippine Currency which shall be used to cover any loss or damages by the LEASED PREMISES and its contents and any other unsettled LESSEE obligations for utilities such as but not limited to water, electricity, CATV, telephone, internet, or result from violations of any of the provision of this contract. Should the cost of any loss, damages and unsettled obligations be greater than the Security Deposit, the LESSEE shall pay the remaining amount to fully cover such cost. The Security Deposit shall be refunded to the LESSEE by the LESSOR within 30 days upon vacating the LEASED PREMISES less the cost of any loss, damages and unsettled obligations. Security Deposit shall not be applied to rental payments.

6. NON-REFUNDABLE ADVANCE RENT: That the LESSEE shall pay to the LESSOR upon signing of this contract and prior to move-in an amount equivalent to the rent of ____ (__) MONTH(s) or the sum of PESOS: ___________________________ (Php __________.00), Philippine Currency which shall be applied as rent for the ________ month of the lease term.

7. SCHEDULE AND MODE OF PAYMENT: The rent should be payable via (☐ PDC ☐ Bank Transfer ☐ Online Banking ☐ Deposit) with the following schedule below:

8. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, 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 thirty (30) days and may forfeit whatever rental deposit or advances have been given by the LESSEE. 

9. FIXED IMPROVEMENTS: The LESSEE shall not make any major structural changes, drill holes on the walls, make alterations or improvements on the LEASED PREMISES without the written consent of the LESSOR, however, any major alterations or improvements made or introduced by the LESSEE on the LEASED PREMISES with the written consent of the LESSOR shall, upon the termination of this Contract of Lease, automatically inure to the benefit of the said premises and become the property of the LESSOR without any obligations on the latter’s part to refund its value or cost to the LESSEES.

10. MOVABLE IMPROVEMENTS: The LESSEE may install moveable furnishings and decorative items within the LEASED PREMISES which shall remain the property of the LESSEE provided the LESSEE shall take care that removal of these items shall not cause any damage to the LEASED PREMISES

11. DAMAGE TO PROPERTY: The LESSEE shall repair or replace, at LESSEE’s expense, all loss or damage to the LEASE PREMISES or its contents whenever such damage or loss shall have resulted from the LESSEE’s or any guest or member of the LESSEE’s household misuse, waste or neglect which includes, but not limited to, fire, water damage, electrical damage and vandalism.

12. SANITATION AND REPAIRS: The LESSEE shall keep the LEASED PREMISES clean and in sanitary condition. The LESSEE have inspected the LEASED PREMISES and found the same to be in good and tenantable condition. The LESSOR shall be responsible for all major repairs on the LEASED PREMISES like piping, structural problems, except repairs due to the fault, negligence or misuse of the LESSEES, its guests and their visitors, in which case the LESSEE shall be responsible for the repair/replacement. 

The LESSEE shall be responsible for minor repairs and ordinary maintenance such as replacing light bulbs, cleaning of the air conditioning units and its filters by a professional every six (6) months with receipts provided, cleaning of kitchen grease trap, cleaning of kitchen range hood filters, fixing leaking faucets/sink, replacing batteries to remote controls and, replacing consumable parts in appliances. In the event of fire in the LEASED PREMISES due to the fault or negligence of the LESSEE, members of his household, visitors or guests, the LESSEE shall take full responsibility in paying the damages. The LEASED PREMISES should be returned clean upon moving out and in the same condition as received. Should the LEASED PREMISES not be returned in the condition it was received, the LESSOR may undertake the cleaning and restoration of the unit as received, at the expense of the LESSEE charged against the Security Deposit..

13. FIRE HAZARD AND ILLEGAL SUBSTANCES: The LESSEE shall not keep, deposit, or store in any premises any obnoxious substance of inflammable materials or substances that may constitute a fire hazard, illegal substances and other items prohibited by law (such as illegal drugs, unlicensed firearms, ammunition, etc.) shall not be stored in the leased premises.

14. REAL ESTATE TAXES AND FIRE INSURANCE: Real estate Tax on the LEASED PREMISES, real estate tax on common areas, building insurance share as described in the admin bill, shall be for the LESSOR’s account

15. PUBLIC UTILITIES: The LESSEE shall pay for its electric, water and other public services and utilities during the duration of the lease that is not explicitly stated as included in the rental rate. 

16. SUB-LEASE: The LESSEE (☐ may ☐ may 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. 

17. PETS: LESSEE (☐ may ☐ may not) keep or permit any pets on the LEASED PREMISE without the prior written consent of the LESSOR. Pet shall mean any domesticated animal, including but not limited to dogs, cats, birds, reptiles, and fish. 

18. SMOKING: LESSEE, members of his household, guests or visitors, which shall be considered as the direct act of negligence on the part of the LESSEE are (☐ permitted ☐ prohibited) from smoking any kind, including but not limited to cigarettes, cigars, pipes, and electronic cigarettes, on the LEASE PREMISES, including the interior of the unit, the balcony or patio, and all common areas.

19. RENEWAL: The lease term is renewable and extendable depending upon mutual agreement of both parties subject to ___% escalation depending on the lessor's prerogative. A written notice of intention to renew the lessee shall be served to the LESSOR at least sixty (60) days prior to the expiry date of the period herein agreed upon. The lessor and the lessee should execute renewal of Contract of Lease at least one (1) month before the actual expiration of the existing lease duration.

20. FORFEITURE AND PRE-TERMINATION: In the event that LESSEE requires pre-termination of the contract, LESSOR may retain all of the security deposit and the advance payments as its minimum damages of such early termination, without prejudice to any other right, remedy or damage claim of LESSOR hereunder.

21. 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 excepted devoid of all occupants, movable furniture, articles and effects of any kind. The LESSEE shall return the leased premises to the LESSOR broom clean and in the same condition as it was received, with all grease traps, air conditioning units, and other mechanical equipment cleaned and serviced. In such cases that the LESSOR is required to perform any cleaning not performed by the LESSEE, the LESSOR shall deduct the cost of such cleaning from the Security Deposit. 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 as Twenty-Five (25%) thereof as penalty until the LESSEE shall have complied with the terms thereof. 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. 

22. SALE, TRANSFER & MORTGAGE: In the event of sale, transfer, mortgage or any encumbrance of the LEASED PREMISES, or any existing sale, transfer, mortgage or encumbrance of the same, the LESSOR shall respect all the terms and conditions of this contract and inform the new owner of this ongoing Contract of Lease. The LESSEE shall allow the LESSOR or any of its authorized representatives to show the LEASED PREMISES to prospective buyers at reasonable hours with ONE WEEK NOTICE to the LESSEES.

23. RETURN OF THE LEASED PREMISES: Upon termination of this contract, unless it has been renewed or extended, it is understood that the LESSEE should clear or make full accounting of liabilities on all bills, and accountabilities pertaining to the restoration of LEASED PREMISES to its original condition save for normal wear and tear before the LESSEE may be totally cleared to vacate the LEASED PREMISES. The LEASED PREMISES shall be turned over by the LESSEE to the LESSOR in a clean and orderly manner

24. FORCE MAJURE: If whole or any part of the leased premise shall be destroyed or damaged by fire, floor, 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. 

25. 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 herein or for the operation and maintenance of  the building or not exhibit the leased premises to prospective LESSEE, or for any other lawful purposes which it may deem necessary.  

26. RULES & REGULATIONS: The Lessee agrees to abide by the House Rules and Regulations of the LESSOR, the Condominium Corporation or Homeowners’ Association and the existing Property Management in the community development or any rules, regulations, ordinances and laws established by all duly constituted authorities of the Municipal/City or National Government arising from or regarding the use, occupancy, sanitation and pollution of the LEASE PREMISED where the LEASED PREMISE is located. 

27. FINES. Failure to adhere with the rules and regulations, in any means, may it be directly or indirectly, by the act of the LESSEE and/or registered occupants and guests within the LEASED PREMISE and the community are subject to fines imposed by the respective regulatory bodies payable by the LESSEE.

28. 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 claimed 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.

29. E-SIGNATURE: Both parties approved and attest the validity of this contract sent via their respective email addresses through their e-signature.

30. This CONTRACT OF LEASE shall be valid and binding between the parties, their successors-in-interest and assigns.