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PT 5

This document summarizes a lease contract between a lessor and lessee for a residential property. It outlines the key terms of the lease agreement, including: 1) The leased property address and term of the lease is one year, renewable upon mutual agreement. 2) The monthly rental rate and a deposit equal to three months rent is required from the lessee. 3) Responsibilities of both parties regarding payments, subleasing, repairs, and property condition upon expiration of the lease are stipulated. 4) Provisions for default of payment, termination, and dispute resolution are also included.

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0% found this document useful (0 votes)
85 views8 pages

PT 5

This document summarizes a lease contract between a lessor and lessee for a residential property. It outlines the key terms of the lease agreement, including: 1) The leased property address and term of the lease is one year, renewable upon mutual agreement. 2) The monthly rental rate and a deposit equal to three months rent is required from the lessee. 3) Responsibilities of both parties regarding payments, subleasing, repairs, and property condition upon expiration of the lease are stipulated. 4) Provisions for default of payment, termination, and dispute resolution are also included.

Uploaded by

Dnca Alaan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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You are on page 1/ 8

LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of _____, this day of
_______________, 20____, by and between:

(NAME OF LESSOR), of legal age, single/married to (Name of spouse if any), Filipino,


and with residence and postal address at (Address), hereinafter referred to as the LESSOR.

-AND-

(NAME OF LESSEE), Filipino and with residence and postal address at (Address),
hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a residential property
situated at (Address of property to be leased);

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
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 other rights under the law.

2. TERM: This term of lease is for ONE (1) YEAR. from (Date) to (Date) inclusive. Upon
its expiration, this lease may be renewed under such terms and conditions as my be 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 in PESOS:
AMOUNT IN WORDS (P 00,000.00), Philippine Currency. All rental payments shall be payable
to the LESSOR.

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 THREE (3) MONTHS or the sum
of PESOS: AMOUNT IN WORDS (P 00,000.00), Philippine Currency. wherein the two (2)
months deposit shall be applied as rent for the 11th and 12th months and the remaining one
(1) month 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 aredishonored, 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.

(Name of Lessor) (Name of Lessee)


LESSOR LESSEE

Signed in the presence of:

_____________________________ ______________________________

ACKNOWLEDGEMENT

Republic of the Philippines)


_________________________) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

(Name of Lessor) 10000000 February 24, 20__ / Cavite City


(Name of Lessee) 10000000 January 07, 20__ / Makati

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 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___.
ACKNOWLEDGEMENT RECEIPT

Received from Atty. Juan Santos the amount of One Hundred Thirty
Five Thousand Pesos (P135,000.00) BPI Roxas Boulevard
Manila Branch check # 12345-67890 representing the payment of:

Two (2) months deposit and one (1) month advance

for the lease of condominium unit # 540 Philippine Executive


Towers, AyalaAvenue, Makati City.

Received by:

Victor Gonzalez
DEED OF DONATION

KNOW ALL MEN BY THESE PRESENTS:

That I, ________________________of legal age, single / married


to_______________________ with postal address at
__________________________________________ hereinafter referred to as the
DONOR, and _______________________, likewise of legal age, single / married to
__________________________ with postal address at
_________________________________ hereinafter called the DONEE, witnesseth:

That the DONOR is the registered owner of a parcel of land, more particularly
described as follows:
(Insert description of property to be donated)

That the DONEE is a cousin of the DONOR, who has lovingly dedicated five (5)
years of his life as the latter's personal caregiver and companion;

That FOR AND IN CONSIDERATION of the DONEE'S trust, devotion and affection
shown to the DONOR, and as an act of gratitude and liberality on his part, the
DONOR hereby voluntarily GIVES, TRANSFERS, and CONVEYS by way of
donation, unto the said DONEE, his heirs and assigns, the above described property,
together with all the improvements found thereon, freefrom all liens and
encumbrances;

That the DONOR affirms that this donation is not made with intent to deceive his
creditors, and that he has reserved for himself sufficient funds and property;

That the DONEE hereby accepts and receives this donation made in his favor by the
DONOR, and hereby manifests his gratefulness for the latter's generosity.

IN WITNESS WHEREOF, both the DONOR & DONEE have hereunder subscribed
their names this __________ day of __________________ 20__ at
_____________________, Philippines.
_____________________________ ______________________________
DONOR DONEE

WITNESSES:

_____________________________ ______________________________

ACKNOWLEDGEMENT

Republic of the Philippines)


______________________) S.S

BEFORE ME, a notary for and in the City of Makati, personally appeared:

Name CTC Number Date/Place Issued

(Donee) 00000000 June 28, 20__ / Makati City

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

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

Notary Public
Doc. No._____;
Page No. _____;
Book No._____;
Series of 20___.
DEED OF SALE OF MOTOR VEHICLE

KNOW ALL MEN BY THESE PRESENTS:

That I, (Name of Seller), Filipino, of legal age, a resident of (Address of Seller),


is the lawful owner of a certain motor vehicle which is more particularly described as
follows:

MAKE : MOTOR NO. :


SERIES : SERIAL/CHASSIS NO. :
TYPE OF BODY : PLATE NO. :
YEAR MODEL : FILE NO. :
C.R. NO. :

That for and in consideration of the sum of Amount in


Words (P000.000.00) PESOS, PhilippineCurrency, receipt whereof
is hereby acknowledged to my entire satisfaction, I hereby sell, transfer and convey by
way of Absolute Sale unto (Name of Buyer), Filipino, of legal age, and resident of
(Address of Buyer), the above described motor vehicle, free from all liens and
encumbrances.

IN WITNESS WHEREOF, we have hereunto affixed our hands this____ day of


_______________ at ________________.

(Name of Buyer) (Name of Seller)


Vendee Vendor

Signed in the presence of:

_____________________________ ______________________________

ACKNOWLEDGEMENT

Republic of the Philippines )


) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

(Name of Seller) 10000000 Jan 01, __ / Angeles City


(Name of Buyer) 10000000 Jan 04, __ / Manila
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.

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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