CONTRACT OF LEASE

This CONTRACT OF LEASE is made and executed at the City of Manila, this day of 1 April 2023
by and between:

MICHELLE ARCE, Filipino, Single/Married, and with residence and postal address at
________________________________________________________, hereinafter referred to as the LESSOR.

-AND-

_____________________________________________, Filipino and with residence and postal address at

___________________________________________, hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a condominium unit situated at
Unit ________, ______Floor, Grand Residences España 2;

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 and
terminate this contract.

2. TERM: This term of lease is for One (1) Year MONTHS from __________________to
________________________and renewable thereafter upon the mutual consent of the parties.

3. MONTHLY RENT: The monthly rental rate for the leased premises shall be in PESOS: Seven
Thousand Five Hundred Pesos (Php7,500.00) inclusive of association dues and internet connection
(wifi), through either direct deposit or online bank transfer payable to the LESSOR.

4. PAYMENT: Upon signing of the lease contract, the LESSEE shall pay to the LESSOR the following:

a. Payment via online bank transfer/direct payment for the ONE-MONTH advance and security
deposit for TWO MONTHS or the sum of PESOS: Twenty-Two Thousand Five Hundred Pesos
(Php22,500.00), wherein the one (1) month advance shall be applied as rent for the 1st month
(__________________ to ________________) and the two (2) months security deposit shall be
applied to answer partially for damages and utilities such as Water, Electricity, CATV,
Telephone and any other obligations resulting from violation(s) of any of the provision of this
contract. This does not apply as rent for the last month of stay.
b. LESSEE shall pay via direct deposit or online bank transfer or GCash to the LESSOR every
_______ of the month starting from ____________ in the amount of Php7,500.00.

5. NOTICES AND PRETERMINATION: In case of pre-termination of this LEASE CONTRACT by the

LESSEE, the security deposit shall automatically be forfeited in favor of the LESSOR without
prejudice to filing of claims for additional damages; the LESSEE shall notify, in writing, the
LESSOR ONE (1) MONTH in advance on whether to renew or terminate this LEASE CONTRACT.
Failure to do shall be construed as renewal of this contract and, therefore, all terms and conditions
of this LEASE CONTRACT shall be in full effect, except where LESSOR waives the automatic
renewal provided herein.

6. DEFAULT PAYMENT: In case the LESSEE fails to pay rental such as when the checks are
dishonored, the LESSOR shall be entitled to terminate this Contract and exercise its rights as
provided hereunder. In any case, the LESSOR shall be entitled to forfeit the security deposit paid
to him by the LESSEE as and by way of liquidated damages.

7. UTILITIES: The LESSEE shall pay for its utilities; electric, cable TV, water, and/or other public
services and utilities as may be imposed by the building administrator of the condominium
building except for the association dues and internet connection (wifi) during the duration of the
lease.

8. USE OF THE PREMISES: The premises shall be used exclusively for residential purposes only of
the LESSEE and shall not in any way be used for any illegal or unlawful activity or to keep
materials, chemicals and other matters considered as fire hazards or nuisance to the building.

9. ASSIGNMENT AND 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/consent.
10. ALTERATIONS AND IMPROVEMENTS: The LESSEE shall not make any alteration, structural
changes or improvement in the leased premises without the prior written consent of the LESSOR.
However, at the termination of the lease, the same not having been renewed by the parties, the
LESSEE shall restore the leased premises in its original state existing at the commencement of the
agreement. Restoration of the LEASED PREMISES shall be for the exclusive account of the
LESSEE. Any agreed improvement after the lease is terminated and after the LESSEE shall have
vacated the premises shall belong to the LESSOR.

11. RULES AND REGULATIONS: The LESSEE binds himself/herself to comply with the existing rules
and regulations of Grand Residences España 2.

12. HAZARDS AND PROHIBITED MATERIALS: The LESSEE shall not keep or store in the lease
premise any hazardous and obnoxious substance or inflammable material or substance that might
constitute a fire hazard and other chemicals and materials or prohibitive drugs in violation of the
laws of the Philippines.

13. NOISE: The LESSEE shall not allow any noisy activities on the leased premises that may disturb
the peace and quiet of another RESIDENT and/or neighbor which may result to dispute.

14. PETS: The LESSEE shall not allow any animal, fowl, fish, reptile, and/or pet of any kind on or
about the leased premises for any amount of time without obtaining the prior written consent of
the LESSOR and Condo Admin.

15. UNIT MAINTENANCE: The LESSEE shall, and shall cause any of the LESSEE’s occupants or
his/her guest to, well and sufficiently preserve, repair and maintain in good, clean, habitable and
working condition (reasonable wear and tear accepted) of the leased premises, including but not
limited to the flooring, interior plaster or other finishes, doors, windows, cables, conduits, wiring,
sockets, electrical installations, plumbing fixtures or other fixtures supplied or furnished by the
LESSOR for the leased premises.

a. The LESSEE shall be responsible for the payment of any cost to be incurred for the repair or
maintenance of the leased premises or any fixture supplies or appliances furnished by the LESSOR
for the leased premised when such cost in each instance of repair or maintenance (inclusive of
labor and materials) shall not exceed Five Thousand Pesos (P5,000.00). Anything in excess of the
foregoing amount shall be for the account of the LESSOR, provided that the damage on the leased
premises and any fixture supplied or furnished was not due to the LESSEE’s negligence or evident
bad faith.
b. It is understood, however, that the ownership of any fixtures supplied or furnished shall still be
with the LESSOR.
c. It is further understood that any damage caused to the leased premises or any fixture supplied or
furnished by the LESSOR for the leased premises resulting from the fault of or negligence of the
LESSEE or any of the LESSEE’s occupants or guest shall be solely for the LESSEE’s account, and
the cost to repair such damage to the leased premises or to repair or replace such damaged fixture
shall be for the account of the LESSEE.
d. LESSEE shall ensure proper maintenance of appliances inside the unit by observing regular
cleaning schedule of the following (but not limited to) Air Conditioning Unit (quarterly), Grease
Trap (if any), Range Hood Filters.

16. VISITORS: The LESSEE may accept visitors provided that they are either a female friend, relatives
or guardians or parents and have duly signed and identified as a Visitor at the Reception Area.
These visitors shall abide the Rules and Regulations of Grand Residences España 2 and therefore,
should not be in any way nuisance to other tenants/occupants of the unit/building. Boyfriend or
any male visitor other than the parent or guardian is NOT ALLOWED.

17. LESSOR'S RIGHT OF ENTRY: The LESSOR or its authorized agent or public utility company and
their authorize representatives 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
conduct inspection of the leased premises or make repairs therein or for the operation, protection
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.

18. HOLD HARMLESS: The LESSEE during the occupancy of the Leased Premises shall hold the
LESSOR free and harmless from any liability for injury to any person or damage to property arising
out of or as a consequence to the use of the Leased Premises by the LESSEE, its agents, guests,
etc.

19. ATTORNEY FEES: In case of breach of any of the covenants herein contained on the part of the
LESSEE, the LESSOR may, while the default shall continue, and notwithstanding any waiver of
any prior of breach of condition, without notice or demand, terminate this Lease Contract and
enter upon the premises and expel, evict and remove the LESSEE and his effects shall be entitled
to collect liquidated damages in the amount of P50,000.00, expenses of litigation, if any cost of
collection and Attorney’s Fees in an amount no less than P20,000.00.
20. VIOLATIONS: The LESSOR may, at his option, consider this agreement automatically canceled,
without need of any court action, upon ten (10) days’ notice given to the LESSEE based on any
violation (including violation of the Rules and Regulations of Grand Residences España 2) by the
LESSEE or its occupants and representatives of any of the terms and conditions stipulated in this
contract. In such event, the LESSEE shall vacate or cause his occupants to immediately vacate
the Leased Premises, failure in which, the LESSEE shall be liable to LESSOR for liquidated
damages as provided in Section 18, without prejudice to the rent due until LESSEE
has fully complied thereto.

21. RETURN OF THE PREMISES: Upon termination of this contract of lease for any reason
whatsoever, the LESSEE shall immediately vacate the Leased Premises and return possession
thereof to the LESSOR with all the keys thereto appertaining, devoid of all occupants, furniture
and articles, and other movable effects of any kind owned by the LESSEE, except the ones provided
by the LESSOR. The Leased Premises shall likewise be returned to the LESSOR by the LESSEE in
as clean, good and tenantable condition as when received from the LESSOR at the start of the
Lease Term, ordinary wear and tear exempted.

Within thirty (30) days prior to the return of the Leased Premises, the LESSOR may show the
Leased Premises to the prospective tenants at reasonable hours of the day, provided that the
LESSOR gives at least two (2) days prior written notice to the LESSEE.

Should the LESSEE refuse to vacate the Leased Premises after termination of this Contract of
Lease for any reason whatsoever, the LESSOR shall have the right to eject the LESSEE from the
Leased Premises and for this purpose, the LESSEE hereby expressly appoints the LESSOR as his
duly authorized Attorney-in-fact with power and authority to cause the Leased Premises to be
opened in the presence of the representatives of OWNER OF UNIT 1836 to take inventory of the
LESSEE’s equipment, furniture and other property.

Should the LESSEE fail to claim his/her equipment, furniture and other property within thirty
(30) days from notice, the LESSOR is hereby given the right to dispose of said property in a private
sale and to apply the proceeds to the payment of whatever indebtedness of LESSEE to the LESSOR
and the balance, if any, shall be given to the LESSEE, LESSOR shall not incur civil and criminal
liabilities whatsoever by exercising their rights granted under these provisions. In addition to the
right mentioned above, the LESSOR shall have the power and authority to padlock the Leased
Premises and prevent the LESSEE and/or any of his/her employees, agents and guests from
entering and using the Leased Premises until all outstanding accounts of the LESSEE are paid in
full and the LESSEE is ready to vacate the Leased Premises.

22. 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.

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.

MICHELLE B. ARCE
LESSOR LESSEE

Signed in the presence of:

ACKNOWLEDGEMENT