CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENT:

This Contract of Lease made and entered into by and between:

YUNITRADE MARKETING CENTER CORP., a corporation duly organized and existing under the
laws of the Republic of the Philippines, with principal place of business at 1036 Bilibid Viejo St.,
Quiapo Manila, represented herein by its General Manager, MR. YU KONG YAM, hereinafter referred
to as the LESSOR.
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MITZ ZAIDONN M. FRANCISCO, Single, Filipino, of legal age, and with postal address at
Butong Taal, Batangas and hereinafter referred to as the “LESSEE”;

WITNESSETH THAT:
WHEREAS, the LESSOR is the owner of a certain residential unit described as Unit R3-C8,
located at Yunitrade Building #604 J. Nepomuceno Street, Quiapo, Manila, hereinafter referred to as
the LEASED PREMISES.
WHEREAS, the said leased premises has been personally inspected and seen by the LESSEE to
its own full satisfaction, the same being in top tenantable and habitable conditions;
NOW THERFORE and in consideration of the foregoing, and the faithful performance of all
the covenants and conditions hereinafter set forth, the LESSOR has agreed to lease, unto the LESSEE,
the aforementioned unit, subject to the following:
1. LEASED PREMISES AND TERM OF LEASE – This contract of lease shall refer to Unit R3-C8 at
Yunitrade Building, #604 J. Nepomuceno Street, Quiapo, Manila. The lease period shall be
for six months, commencing on May 01, 2018 and expiring on November 30, 2019, and may
be renewed upon mutual agreement of both LESSOR and LESSEE;
2. RENTAL AND PAYMENT TERMS– The monthly rental for the LEASED PREMISES during the
effectivity of this contract shall be ELEVEN THOUSAND FIVE HUNDRED PESOS
(Php11,500.00) Philippine Currency, exclusive of 12% Value Added Tax (VAT), payable on or
before the first 1st days of each month.
Upon signing of this Contract of Lease, the LESSEE shall pay the LESSOR a two (2) months
advance rental in the amount of TWENTY THREE THOUSAND PESOS (Php23,000.00) which
shall be applied accordingly to the first two (2) months of this lease contract.
3. SECURITY DEPOSIT - The LESSEE shall deposit with the LESSOR the sum of ELEVEN
THOUSAND FIVE HUNDRED PESOS (Php11,500.00) representing one (1) month security
deposit, to be held by the LESSOR throughout the term of the lease. This deposit shall be
deemed as non-interest bearing security deposit to answer for any and/or all obligations or
damages that may be inflicted on the LEASED PREMISES. The LESSEE shall have no right to
demand that delayed or unpaid rentals be taken from the SECURITY DEPOSIT.
The SECURITY DEPOSIT shall be returned to the LESSEE within sixty (60) days after the LESSEE
vacates the LEASED PREMISES, subject to appropriate deductions for unpaid utility bills and
payments for damages to the LEASED PREMISES incurred by the LESSEE, normal wear and
tear excepted. If the bills exceed the amount of deposit, the LESSEE shall pay the LESSOR the
deficit.
4. UTILITIES – All bills for water, telephone, electricity and other utilities during the lease period
shall be in the LESSEE’S account; for use of water, consumption shall be based on the sub-
meter provided for the unit.
Water consumption shall be charged at P55.00 per cu. meter. The LESSOR reserve the right
to adjust the above rates from time to time based on prevailing circumstances

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5. USE AND CARE OF THE LEASED PREMISES – The LESSEE shall use the LEASED PREMISES for
residential purposes only and for no other purpose without the written consent of the
LESSOR. Subleasing or subletting the LEASED PREMISES is prohibited, unless with the written
consent of the LESSOR.
The LESSEE shall be allowed a maximum of Five (5) persons to stay in the leased premises at
any given time.
The LESSEE shall at all times and at his own expense keep and maintain the LEASED
PREMISES in a clean, sanitary and orderly condition, free from obnoxious odors . It shall not
bring into nor store in the premises any inflammable nor explosive goods and materials, nor
any article/item, which the LESSOR may reasonably prohibit. The LESSEE shall be held liable
for any damages the LESSOR may suffer through such act or omission of the LESSEE.
6. STRUCTURAL CHANGES/IMPROVEMENTS–The LESSEE shall not make any structural changes,
alterations or improvements on the LEASED PREMISES without the written consent of the
LESSOR.
7. EXPENSES FOR REPAIRS/IMPROVEMENTS – Minor repairs on the LEASE PREMISES shall be
for the account of the LESSEE. Any repair that will cost less than TEN THOUSAND PESOS
(Php10,000.00) for both the labor and materials shall be considered minor repair, it being
agreed and understood that costs of repair shall not be cumulative and the aforesaid amount
of Php10,000.00 shall pertain to one particular kind of repair.
Any repairs/improvement introduced by the LESSEE that cannot be removed without
damaging the LEASED PREMISES shall become property of the LESSOR and LESSOR incurs no
obligation to pay or refund its cost or value to the LESSEE. Movable improvements installed
by the LESSEE may be removed provided it does not cause damage to the PREMISES or the
LESSEE makes good at its expense the damaged caused by such removal.
8. THIRD PARTY LIABILITY – The LESSEE, during his occupancy of the LEASED PREMISES, shall
hold the LESSOR free and harmless from any damage or liability or responsibility to any
person or property which may be incurred in relation to the occupancy of the LEASED
PREMISES, due to the fault or negligence of the LESSEE or any member of his family,
household help and guests.
9. EXCLUSION OF LESSOR’S LIABILITY – The LESSOR shall not be responsible for any loss the
LESSEE may sustain by reason of damage or injury caused by or in consequence of the acts or
omissions of the other tenants or occupants of the BUILDING, their servants, guests, or
licensees or others or in consequence of any breakdown or defects in the structure, pipes,
wires, and/or other apparatus, facilities and things whatsoever and/or any accidents which
take place in the common areas and facilities of and in the BUILDING.
10. ACCESS TO THE LEASED PREMISES –The LESSOR or its duly authorized agents shall have the
right to enter the LEASED PREMISES at any time to examine the conditions of the LEASED
PREMISES and to exhibit the same to the prospective LESSEE/TENANTS, during business
hours and with prior notice to the LESSEE.
11. RULES AND REGULATIONS – The LESSEE agrees to abide by the HOUSE RULES AND
REGULATIONS in the attached annex A of this contract and to the existing laws, rules and
regulations promulgated by the City Building Officials.
12. WARRANTIES – The LESSOR warrants that it has the absolute right to lease the PROPERTY
and shall keep the LESSEE in peaceful possession of the same for the duration of the Leased
Period. Furthermore, the LESSOR shall, in case of litigation or controversy concerning the
LESSOR’S right, title and interest in the LEASED PREMISES, defend and hold harmless, the
rights of the LESSEE under the terms and conditions of this lease at the LESSOR’S expense. In
the event of sale, transfer, mortgage or encumbrances of the PROPERTY, the LESSOR shall
advise in writing the purchaser, assignee or mortgagee of the existence of this Contract of
Lease and require them to respect the terms and conditions thereof.

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13. TERMINATION BEFORE EXPIRATION – This Contract of Lease may be terminated by the
LESSEE before expiration hereof, provided that the LESSEE shall give prior written notice of
such termination to the LESSOR at least thirty (30) days prior to the effectivity of said
termination, and subject to forfeiture of security deposit in favor of the LESSOR by way of
liquidated damages; In addition, the LESSEE shall settle payments for all outstanding utility
bills, and any damage to the LEASED PREMISES. The LESSOR may pre-terminate this Contract
in the event of the LESSEE’S default as enumerated in Clause17 hereof, provided that a thirty
(30) day written notice is given to the LESSEE from the date of default, and such event has
not been rectified by the LESSEE within the notice period.
14. RETURN OF PREMISES – The LESSEE shall, upon expiration and/or earlier termination of the
lease promptly and quietly surrender the LEASED PREMISES, with all the keys thereto to the
LESSOR, in the same tenantable condition in which the LESSEE received them normal wear
and tear excepted, devoid of all occupants and their personal belongings, furnishings and
effects of any kind other than such alteration, addition and improvement which the LESSEE
cannot remove in accordance with the provision of Clause 7 hereof.
15. LITIGATION – In case of cancellation or termination of this Contract due to default or breach
of any condition by either the LESSEE or LESSOR, the defaulting party shall pay the aggrieved
party all reasonable attorney’s fees, costs and expenses of litigation that may be incurred in
enforcing his right under this contract.
16. EVENTS OF DEFAULT – The following events shall be deemed as events of default by the
LESSEE:
a. Upon failure by the LESSEE to pay the rentals on the due dates and/or any of the
payments and expenses which are required by this Contract to be paid by the LESSEE;
b. Upon failure of the LESSEE to comply with any of the terms and conditions of this
Contract;
c. Upon abandonment by the LESSEE of the LEASED PREMISES; It is hereby understood that
the LESSEE shall be considered to have abandoned the LEASED PREMISES should the
LESSEE be in arrears in the payment of the lease rentals and/or other accounts as
provided herein for a period of three (3) months or the LEASED PREMISES remain unused
for the same period without written notice to the LESSOR.
17. EFFECTS OF DEFAULTS –
a. In the event the LESSEE defaults on his payment of lease rentals, the LESSOR shall, at its
option, terminate and render this contract without force and effect. Upon such
termination, the LESSEE shall vacate and deliver possession of the LEASED PREMISES to
the LESSOR.
b. Should the LESSEE refuse to vacate the LEASED PREMISES, the LESSOR shall have the
right to disconnect the water and electric service to the LESSEE’S UNIT.
c. Should the LESSEE refuse to vacate the LEASED PREMISES, the LESSOR shall have the
right to eject the LESSEE from the LEASED PREMISES and recover all amounts due as
lease rentals, and impose penalty thereon at the rate of three percent(3%) per month
from the date of default. The LESSOR shall, in addition, charge attorney’s fees in an
amount equivalent to ten percent (10%) of all amounts due, but in no case less than TEN
THOUSAND PESOS (Php10,000.00) should the LESSOR be compelled to procure the
services of an attorney for this purpose.
The obligation of the LESSEE to pay rentals shall cease only after the LEASED PREMISES
shall have been vacated by the LESSEE.
d. In case of abandonment, the LESSOR shall also consider this Contract terminated. The
LESSOR shall have the right and authority to open and enter the LEASED PREMISES in the
presence of representatives of the LESSEE or police authorities, to take inventory, duly
sworn to, of any and all furniture, effects and/or materials found within the premises,

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 remove the same from the premises and place them in storage. Should the amount
deposited by the LESSEE as per Clause 3 hereof be insufficient to answer for such
obligation, the effects removed from the LEASED PREMISES shall be considered taken
under pledge and shall be disposed of to pay for the LESSEE’S unpaid obligations.
e. In any of the events of defaults, the LESSOR may apply the SECURITY DEPOSIT against the
outstanding obligation of the LESSEE.
18. NON-WAIVER OF RIGHTS – The failure of the LESSOR to insist upon a strict performance of
any of the terms and conditions mentioned herein shall not be deemed as a relinquishment
or waiver of any subsequent breach or default on the aforementioned terms and conditions.
19. Any violation of the terms provided for in this Contract and the House Rules and Regulations
on the part of the LESSEE shall be sufficient grounds for the termination thereof.
IN WITNESS WHEREOF, the parties hereunto set their signatures this _____day of
_______________, in the City of Manila.

YU KONG YAM MITZ ZAIDONN M. FRANCISCO

Lessor Lessee

Signed in the presence of

__________________________ __________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

CITY OFMANILA) S.S.

Before ME, a Notary for and in the City of Manila, Philippines this _______day of
__________________ personally appeared:

NAME GOV’T ISSUDE ID DATE/PLACE ISSUED

YU KONG YAM SSS NO. 03-3532046-8 Quezon City
MITZ ZAIDONN M. FRANCISCO UNIFIED ID No.0111-1736087-8 Manila

all known to be the same persons who executed the forgoing instrument consisting of four (4) pages
including this page whereon this acknowledgement is written, duly signed by the parties, herein with
their two instrumental witnesses on each and every page thereof, and they acknowledge to me that
the same is their own free and voluntary act and deed.

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

Doc. No.: ________

Page No.: ________
Book No.:________
Series of 2018.

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