CONTRACT OF LEASE

KNOW ALL MEN THESE PRESENTS:

This Contract of Lease made and executed in Makati City, Metro Manila, Philippines and
this day of , by and between:

Maria Elizabeth M. Puzon, Filipino, Of legal age with postal

address at
245 Pablo Ocampo Rd. Barangay La Paz Makati City, hereinafter referred to as the LESSOR;

-AND-

Zairen Water Refilling Station, a single proprietor and existing under the laws of the
Philippines with office address at 245-G Pablo Ocampo Rd. Barangay La Paz Makati City
represented herein by Rosario D. Manalo / Nardito Manalo JR., hereinafter referred to as
the LESSEE;
— WITNESSETH ─
WHEREAS, LESSORS are the owners of the premises known as
245 Pablo Ocampo Rd. Barangay La Paz Makati City.

WHEREAS, LESSORS, has proposed to lease and LESSORS have agreed to lease unto
LESEE the above-described premises.

NOW, THEREFORE, for and in consideration of the foregoing premises, LESSORS hereby
lease unto LESSEE and LESSEE hereby accepts by way of lease from LESSORS, the said property
subject to the following terms and conditions:

TERM: The term of this lease is for 1 year commencing on June 1, 2023
and expiring on May 31, 2024
RENTAL FEE: The monthly rental for the leased premises shall be

(Php25,000) Philippine Currency payable in advance on a monthly basis beginning on

September 1, 2023 not later than, the Post Dated Check shall be issue the day of each month
and payment of the rental shall be made to the LESSORS on her duly authorized
representative without the necessity of express demand, and without delay on any ground
whatsoever. After the first year of lease, the rental will be subject to increase upon such
terms and conditions as may be mutually agreed upon by both parties.
USAGE: That the LESSEE will use the leased premises as a Water Station.
DEPOSIT: Under the following terms and conditions:
Upon signing of this Contract of Lease, the LESSEE shall pay the LESSOR the following:
2 months advance rental amounting to the sum of Php50,000 (September 1, 2023)
Add: E-VAT for the ( ) advance rental Php
Less: 5% withholding tax amounting to Php
deposit rental amounting to the sum Php50,000 ( June 2023)
Total amount to be paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . Php

FORFEITURE CLAUSE: The LESSEE is bound by 1 year contract if it decides to pre-

terminate or abandon the lease before its expiration, the 2 months deposit rental will be
forfeited as liquidated damages in favour of the LESSORS, furthermore. The LESSEE shall be
deemed liable to pay the LESSORS all remaining utility bills and damages to the premises aside
from the natural wear and tear before the LESSORS can grant the LESSEE from this contract.
MAINTENANCE OF LEASED PREMISES: The LESSEE expressly acknowledges the
leased premises are in good tenantable condition. Any provision of law present or future
or any stipulation in this agreement to the contrary notwithstanding the LESSEE undertake as
its exclusive account required to maintain the same to make in good tenantable condition.
However, no repairs , alterations, improvements, on the leased premises shall be started
without prior consent of the LESSORS. Furthermore, any such improvements, alterations , and
repairs made within the leased premises shall not be removed there from and shall
become the exclusive property of the LESSOR without any right on the part of the LESSEE
to any reimbursement of the cost of the value thereof.

UTILITIES: The LESSEE shall only pay for the metered electricity. Electricity and
water are not included in the RENTAL FEE charged. All repairs in the utility service
system thereon shall be made by the LESSOR for the exclusive account of the LESSEE.

PROHIBITIONS: The LESSEE shall not bring into or store in the leased premises any
flammable materials which will increases the fire hazard of the building or any article
which the LESSORS may subsequently prohibit. It shall provide the 2 number of fire
extinguishers as per nature and size of business.
OBLIGATIONS OF THE LESSEE:
a. The LESSEE shall comply with any and all laws, ordinances, regulations or order of the
National or City Government Authorities regarding the use, occupancy and sanitation of
the leased premises. Failure to comply with the said laws, ordinances or order shall be at
the exclusive risk of the LESSEE.
b. The LESSEE shall comply with all the sanitary rules and regulations which may be
promulgated from time to time and dispose of all rubbish/garbage only through the
means and places indicated by the LESSORS for the purposes.
c. The LESSEE shall guarantee that the nature of his business shall not in anyway cause
noise or disturbance to the other tenants within the building. Should complaints arise, the
LESSEE shall resolve the said complaints immediately and peacefully, coordinating with
the LESSORS as to the steps to be taken.
REPAIRS AND INSPECTION:
a. The LESSEE should not paint; make alterations in the electrical or plumbing installation
with the leased premises without the prior written consent of the LESSOR.
b. The LESSEE shall not claim damages/loss on account of the necessary work that the
LESSORS may order to be done in the building and which may interrupt the use of the
leased premises.
c. The LESSORS or their duly authorized representative shall have the right to inspect the
leased premises at any reasonable time of the day during the duration of the contract.
INJURY AND DAMAGE: The LESSEE shall be responsible at all times for acts done by
their and other persons entering the leased premises in so far as the enforcement of this contract
is concerned. Any damage or injury to the leased premises due to the fault/negligence of the LESSEE,
its employee, agents, servants, or other third persons who were permitted entry to the leased premises
shall be promptly repaired by the LESSEE as its exclusive expense. The LESSORS however, shall not be
responsible for any loss or damage sustained by the LESSEE within the premises due to any cause
whatsoever except when the loss or damage arises out of the LESSORS’negligence or act of omission.
SURRENDER OF THE LEASED UNIT : The LESSEE upon termination / cancellation of this leased
contract shall promptly deliver the leased premises to the LESSORS in as good and as tenantable
conditions, in all aspects, as the same now, reasonable wear and tear expected. devoid of all occupants,
furniture’s, articles and effects of any kind. Provided, however, that non-compliance by the LESSEE with
the term of this clause will give the LESSORS the right at its option, to refuse to accept delivery of the
premises and require the LESSEE to pay rent thereof at the same rental rate as herein provided plus 50%
additional sum as penalty until the LESSEE shall have complied with the terms thereof.
BREACH AND DEFAULT:
a. The non-surrender of the leased premises at the end of the term of this contract shall
entitle the LESSORS to damages which may suffer by reason thereof. The LESSEE
 agrees to identify the LESSORS against all claims made by any succeeding tenant
against the LESSORS resulting from the delay by LESSORS in delivering possessions of
the said premises on time.
b. Failure of the LESSORS to insist upon strict performance of any term, conditions or
covenant thereof shall not be deemed in relinquishment or waiver of any right or remedy
that the LESSORS may have, nor shall it be construed as a waiver of any subsequent
breach or default of the terms, conditions, and covenants herein contained which shall be
deemed to be in full force and effect. No waiver by the LESSORS shall be effective
unless in writing and signed by the LESSORS.
c. This Leased Agreement supersedes and renders any and all agreements and
understandings, oral or written premises and his agreement may not hereafter modified
or altered except by instruments in writing duly signed by the parties hereunto.

OTHERS: IN CASE OF EXTRAORDINARY INFLATION; the LESSORS are

empowered to increase the rental for the said property proportion able to the estimated
extraordinary inflation.
IN WITNESS WHEREOF, the parties hereto affixed their signatures this 31th day of
MAY , 2023.

By: JM Macalino Auto Centre By: Zairen Water Refilling Station

Lessors Lessee

MARIA ELIZABETH M. PUZON

By: ROSARIO D. MANALO / NARDITO
Lessors MANALO JR.

SIGNED IN THE PRESENCE OF:

ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES )
CITY OF MANILA ) S.S.
BEFORE ME, a Notary Public for and in the City of Manila, Philippines, this day of
, 20_ personally appeared the following with their respective residence
certificates:
NAME RESIDENCE CERTIFICATE-A ISSUED AT/ON
_
_

All known to e to the same persons who executed the foregoing instrument and acknowledge to
me the same are their voluntary act and deed.
WITNESS MY HAND AND SEAL on the date and in the place first above written.

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