CONTRACT OF LEASE
KNOW ALL MEN BY THESE PRESENT:
This Contract of Lease, made and entered into by and between;
CHRISTOPHER JOSHUA VILLAROMAN CHONG, owner of commercial Building
Located at Bantug Norte Cabanatuan City (Hereinafter referred to as the “LESSOR”)
-and-
SHERYL ANN B. DELA CRUZ, of legal age, and resident of 615 Luz St. De Guzman
Subd. Bantud Norte Cabanatuan City (Hereinafter referred to as the “LESSEE”)
WITNESSETH:
WHEREAS, the Lessor is the owner of the building Located at Bantug Norte,
Cabanatuan City Nueva Ecija.
WHEREAS, the LESSEE desires to occupy the above-mentioned commercial Building
Stall C and the LESSOR is willing to Lease he same unto the LESSEE, subject to the
terms and conditions herein below set forth.
NOW THEREFORE, for and in consideration of the foregoing premises and the
covenant herein stipulated, the parties hereby agree as follows;
1. Term: this lease shall be for the duration of one (1) year commencing from October 6,
2023 and to end on October 6, 2024, renewable at the option of the LESSOR at such
new terms and conditions as may be agreed upon by the parties.
2. Rental: The LESSEE agrees to pay the LESSOR the monthly rental fee of FIFTEEN
THOUSAND (15,000) Philippine Currency. Upon signing of this contract of lease, the
LESSEE shall pay the LESSOR one (1) month rental in advance to be applied on the
first month of the term of this LEASE. The LESSEE shall also issue twelve (12) post-
dated checks covering the monthly rentals for the duration of the LEASE.
3. Deposit: The LESSEE shall also pay the LESSOR the one (1) month advance deposit
of FIFTEEN THOUSAND (15,000) Philippine Currency to guarantee the payment of
any damages to the leased premises, unpaid utilities and other obligations to third parties
by the LESSEE during the term of the agreement, which deposit shall bear no interest.
Unless applied to said damages, unpaid utilities and other obligations to third parties,
said deposit shall be returned to the LESSEE within thirty (30) days after the termination
of this agreement: Provided, however, that the deposit cannot be applied to unpaid back
rentals owed by the LESSEE prior to the expiration of this agreement.
4. 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 nor having 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 improvement after the lease is terminated
and after the LESSEE shall have vacated the premises shall belong to the LESSOR.
5. Facilities: All charges for water, electricity, telephone, cable, internet, and other public
utilities used in the leased premises as well as a janitorial and security services or any
other charges as may be imposed by the building administrator shall be for the account
of the LESSEE. The LESSEE hereby guaranteed the prompt payment of any and all
charges heretofore mentioned as they fall due. Any delay in the payment thereof shall
constitute a material breach of this agreement.
6. Repairs: the LESSEE shall, during the duration of the lease, make all minor repairs on
the leased premises to preserve the same in serviceable on tenantable conditions at the
LESSEE’s expense except replacement of parts due to natural wear and tear. The
LESSEE, however, shall give advance written notice to the LESSOR of ten (10) days
prior to undertaking any minor repair. All damages caused to the leased premises due to
the fault, misuse, carelessness and/or negligence or on account of the use thereof by the
LESSEE and other occupants therein shall be made good and repaired by repair done.
Should the LESSEE fail to make the necessary and appropriate repairs within five (5)
days from the demand, the LESSOR shall undertake the needed repairs and shall charge
the cost thereof to the LESSEE.
7. Inspection of the Premises: to ensure that the lease premises are being maintained in
good and tenantable conditions, the LESSOR or his authorized representative is hereby
given the right after due notice, to enter and inspect any part of the leased premises
during reasonable hours and as the occasion thereof might require.
8. Assignment and Sub-Lease: the LESSEE hereby shall have no right to assign or
transfer its rights, interest and obligations under the lease contract of sub-lease contract
premises or any portion thereof to any person or entity without the prior written consent
of the LESSOR.
9. Injury or Damage: The LESSEE hereby assumes the full responsibility for any
damages which may be caused to the person or property of any third person in the leased
premises during the duration of the lease. LESSEE further binds himself to hold the
LESSOR free and harmless from damages as a result thereof, unless such as damage or
liability arose our of structural or other inherent defects in the leased premises or is due
to the fault of the LESSOR, his agent or representatives.
10. Sales of Leased Premises: the LESSEE recognize the right of the LESSOR to sell or
otherwise convey ownership of the leased premises to any other interested party,
provided the LESSEE’s rights under the lease is respected.
11. Hazardous and Prohibited Materials: The LESSEE shall not keep or store in the lease
premises any hazardous and obnoxious substance or inflammable material or substance
that might constitute a fire hazard or other chemicals and materials or prohibitive drugs
in violation of the laws of the Philippines.
12. Rules and Regulations: The LESSEE binds himself to comply with the existing rules
and regulations promulgated by the building administrator and/or association and any
other environmental or other laws, ordinance, rules and regulations applicable to the
leased premises.
13. Violations: The LESSOR may, at his options, consider this agreement automatically
rescinded and canceled, without need of any court action, upon ten (10) day norice given
to the LESSEE based on any of the following grounds:
a. Failure of the LESSEE to pay one (1) month advance rental and other bills or
charges therefore mentioned as the fall due for any reason whatsoever within the period
to pay.
b. For any violation made by the LESSEE or its agents and representative of any
of the terms and condition stipulated in this contract.
c. In case the leased premises shall be vacated or abandoned for a period of thirty
(30) days without prior written notice to LESSOR. Consequently, the LESSOR is hereby
permitted authorized by the LESSEE to enter the premises, either by force or otherwise,
without being liable to prosecution therefor. Upon termination of the contract of lease
base on any of the foregoing grounds and upon demand, the LESSEE shall immediately
vacate and peacefully surrender of the leased premises to the LESSOR or his duly
authorized representative.
