Lease Contract

LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT OF LEASE is made and executed at the City of San Fernando, Pampanga, Philippines, this
day of _______________, 20____, by and between:

VILLA BAROSA PHASE 3, HOMEOWNERS ASSOCIATION with address at Villa Barosa Phase 3,
Dolores, City of San Fernando, Pampanga hereinafter referred to as the LESSOR.

-AND-

ENGR. RENATO SANTOS, Filipino and with residence and postal address at #_____ Villa Barosa, Phase
3, Dolores, City of San Fernando, Pampanga, hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a Subdivision Facility situated at Villa
Barosa Phase 3, Dolores, City of San Fernando, Pampanga;

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 storage 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 TWO (2) YEARS from December 1, 2017 to November 30, 2018 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 THIRTY (30) 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: ONE THOUSAND (P
1,000.00), Philippine Currency. All rental payments shall be payable to the LESSOR at the last day of every
month without the need for demand on the part of 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) MONTHS or the sum of PESOS: ONE THOUSAND (P
1,000.00), Philippine Currency.

5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, 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, 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 any and all necessary
and useful improvements that the LESSEE may have introduced during the period of the lease and in as good
and tenable condition, ordinary wear and tear expected, and 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.

VILLA BAROSA PHASE 3 HOMEOWNERS ASSOCIATION OFFICERS
____________________________________________ ____________________________________________
PRESIDENT VICE PRESIDENT
____________________________________________ ____________________________________________
SECRETARY TREASURER
____________________________________________ ____________________________________________
____________________________________________ ____________________________________________
____________________________________________ ____________________________________________
BOARD OF DIRECTORS
LESSOR
________________________________________
ENGR. RENATO SANTOS
LESSEE

Signed in the presence of:

_____________________________ ______________________________

Lease Contract

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LEASE CONTRACT

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