Contract of Lease

CONTRACT OF LEASE

KNOW ALL PERSONS BY THESE PRESENTS:

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

lessor's full name, age years old, Filipino, civil status, and residing at lessor's address, hereinafter called the LESSOR;

– and –

lessee's full name, age years old, Filipino, civil status, and residing at lessee's address, hereinafter called the LESSEE.

WITNESSETH:

The LESSOR is the owner of description and address of the premises, hereinafter called the PREMISES. The LESSOR agrees to lease the PREMISES to the LESSEE, and the LESSEE agrees to lease them from the LESSOR, on the following terms and conditions:

1. Term. This lease is for a period of term, beginning on start date and ending on end date. It may be renewed only by the written agreement of both parties.
2. Rent. The LESSEE shall pay a monthly rent of amount in words (₱monthly rent), Philippine Currency, in advance, on or before due day of each month. The LESSOR shall issue a receipt for every payment.
3. Advance rent and deposit. On signing this contract, the LESSEE has paid the LESSOR the sum of amount in words (₱advance rent) as advance rent, to be applied to the rent for which month, and the sum of amount in words (₱deposit) as a security deposit. The deposit answers for unpaid rent, unpaid bills and the cost of repairing damage to the PREMISES beyond ordinary wear and tear. It shall not be applied to the monthly rent while the lease is in force.
4. Utilities. The LESSEE shall pay for bills used during the lease, on time, so that no service is cut off.
5. Use. The LESSEE shall use the PREMISES only as use, and not for any business or unlawful purpose. The LESSEE shall not keep anything dangerous or flammable in the PREMISES beyond ordinary household use, and shall follow the rules of the building, subdivision or condominium.
6. No sublease or assignment. The LESSEE shall not sublease the PREMISES, in whole or in part, nor assign this lease, without the prior written consent of the LESSOR.
7. Repairs and alterations. The LESSEE shall keep the PREMISES clean and in good condition, and shall pay for the repair of any damage caused by the LESSEE, their household or their guests. The LESSOR shall make the repairs needed to keep the PREMISES fit for living in. The LESSEE shall make no alteration or improvement without the written consent of the LESSOR.
8. Inspection. The LESSOR may inspect the PREMISES at a reasonable hour, after giving the LESSEE reasonable notice.
9. Termination. If either party violates any term of this contract, the other may terminate the lease by written notice of at least number of days days. The lease may also be ended early by the written agreement of both parties.
10. Return of the premises and the deposit. When the lease ends, the LESSEE shall leave the PREMISES and return them, with all keys, in the same condition as when received, ordinary wear and tear excepted. Within number of days days after the LESSEE leaves, the LESSOR shall return the deposit, less any unpaid rent, unpaid bills and the cost of repairing damage, with a written list of each deduction.

IN WITNESS WHEREOF, the parties have hereunto set their hands this ____ day of ______________ 20___ at city or municipality, Philippines.

SIGNED IN THE PRESENCE OF:

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )
city or municipality ) S.S.

BEFORE ME, a Notary Public for and in city or municipality, this ____ day of ______________ 20___, personally appeared:

Name	Competent Evidence of Identity
lessor's full name	ID type and number
lessee's full name	ID type and number

known to me and to me known to be the same persons who executed the foregoing Contract of Lease, and who acknowledged to me that the same is their free and voluntary act and deed.

This instrument, consisting of ____ pages including this page on which the acknowledgment is written, refers to the lease of description and address of the premises, and has been signed by the parties and their instrumental witnesses on each and every page.

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

Doc. No. ______;
Page No. ______;
Book No. ______;
Series of 20___.