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Rental Agreement

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Erickson Calison
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39 views3 pages

Rental Agreement

Uploaded by

Erickson Calison
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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KNOW ALL MEN BY THESE PRESENTS:

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

Rowena R. Dela Cruz of legal age, single, Filipino, and with residence
and postal address at Sto. Cristo, San Isdro, Nueva Ecija, hereinafter referred
to as the LESSOR.

-AND-

_______________________________________, Filipino and of legal age,


hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a residential


property situated at Malimba, Gapan City;

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 4,000.00), 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 ONE (1)
MONTH or the sum of PESOS: AMOUNT IN WORDS (P 7,000.00), Philippine
Currency. wherein the ONE (1) month deposit shall answer partially for
damages and any other obligations, 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 are dishonored, 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.

ROWENA R. DELA CRUZ ____________________________________

LESSOR LESSEE

Signed in the presence of:

_____________________________ ______________________________

___________________________________

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