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Lease Contract 0529 Aaron

The document is a contract of lease between Josef Aaron Cabangis as the lessor and Ma. Lyca Ternate Somera as the lessee. It leases a condominium unit located in Quezon City to the lessee for residential purposes for a period of 6 months from June 29, 2023 to December 31, 2023. The monthly rental rate is PHP 15,500 and the lessee paid a security deposit of PHP 15,500 as well. The contract outlines the terms and conditions of the lease including payment of utilities, prohibitions on subletting, and grounds for ejectment of the lessee if they fail to pay rent.

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Arianne Syme Labunog
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21 views3 pages

Lease Contract 0529 Aaron

The document is a contract of lease between Josef Aaron Cabangis as the lessor and Ma. Lyca Ternate Somera as the lessee. It leases a condominium unit located in Quezon City to the lessee for residential purposes for a period of 6 months from June 29, 2023 to December 31, 2023. The monthly rental rate is PHP 15,500 and the lessee paid a security deposit of PHP 15,500 as well. The contract outlines the terms and conditions of the lease including payment of utilities, prohibitions on subletting, and grounds for ejectment of the lessee if they fail to pay rent.

Uploaded by

Arianne Syme Labunog
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 PRESENTS:

This CONTRACT OF LEASE is made and executed at Quezon City, this June 21, 2023 into by
and between:

JOSEF AARON CABANGIS, of legal age, Filipino citizen, and with residence address
at 35 AGUINALDO ST. AREA 1 UP DILIMAN, hereinafter referred to as the LESSOR.

-AND-

_MA. LYCA TERNATE SOMERA, of legal age, Filipino citizen, and with residence
address at ___ZONE 1 BRGY STO NINO 2ND SAN JOSE, NUEVA ECIJA, hereinafter referred
to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a condominium space
situated at STUDIO A LOT 1 BLOCK 20 1216 XAVIERVILLE AVE LOYOLA HEIGHTS;

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 purpose 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 SIX (6) MONTHS starting June 29, 2023 to DEC 31, 2023.
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:
FIFTEEN THOUSAND AND FIVE HUNDRED PESOS (PhP 15,500.00), Philippine Currency.

4.DEPOSIT: That the LESSEE shall initially pay the LESSOR the sum FIFTEEN THOUSAND
AND FIVE HUNDRED PESOS (Php 15,500.00) Philippine Currency representing One (1)
Month security. All payments by the LESSEE shall be sent to the LESSOR through his bank
account.

5. In case the LESSEE fails to pay TWO (2) monthly rentals, the LESSOR can eject the LESSEE
without further agreement or written notice.
6. SUB-LEASE: That the LESSEE shall not directly or indirectly sublet, allow or permit the
leased premises to be occupied in whole or 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 electric, water, internet and other public
services and utilities including those repairs and beautification of the lease premises shall be at
the expense of the LESSEE.

8. 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 this June 21, 2023 at
Quezon City.

Ma. Lyca Ternate Somera Josef Aaron Cabangis


LESSEE LESSOR

ACKNOWLEDGEMENT

Republic of the Philippines)


Quezon City ) S.S.

BEFORE ME, personally appeared

Name ID Number

Josef Aaron cabangis No1-11-025656


Ma. Lyca Ternate Somera 2062-9831-8745-1935

the above named parties who are known to me 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 2 pages, 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 sealed with my notarial seal.

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

ATTY. JAIME L. MARIO, JR.


(Notary Public)
Until December 31, 2017
Doc. No. 35 PTR No: 3802899
Page No. 68 IBP No: 1055657
Book No. XLII Issued on January 3, 2017 at Quezon City
Series of 2017 Roll No: 18051

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