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CONTRACT OF LEASE
-and-
The LESSEE: JEFFREY TAN GABON, of legal age, Filipino and with
residence and postal address at San Bartolome Street, Ubanon,
Catbalogan City, Philippines.
WITNESSETH:
That the LESSOR hereby leases unto the LESSEE the ground floor
area of said property, and the latter accepts in lease the aforesaid
property under the following terms and conditions, to wit:
1. Lease Term: The lease shall be for a period of ten (10) years
commencing from October 1, 2017, and expiring on September
30, 2027;
9. Noise and Disturbance: The LESSEE shall not make or permit any
disturbing noise within the leased premises nor permit anything to
be done which will interfere with the rights, comfort or
convenience of the neighbors;
10. Alterations and Improvements: The LESSEE shall not make any
alterations, additions or improvements on the leased premises
without the prior written approval of the LESSOR. However, if
allowed by the LESSOR, the alterations, additions or
improvements made shall become the property of the latter at
the expiration or termination of the lease without compensation
to the LESSEE;
14. Compliance with Laws and Regulation: The LESSEE shall comply
with any and all laws, ordinances, regulations or orders of the
National or City Government authorities arising from or regarding
the use, occupation, sanitation and safety of the leased
premises and non-compliance therewith shall be at the exclusive
risk and expense of the LESSEE;
17. Expiration of Term: The LESSEE at the expiration of the term of the
lease or cancellation of this lease as herein provided, will
promptly deliver the said premises to the LESSOR in as good and
tenantable condition, in all respects, as the same now are,
reasonable wear and tear excepted, devoid of all occupants,
provided, however, that the non-compliance on the part of the
LESSEE with the terms of this herein provided, shall be liable to
pay prevailing rental plus fifty percent (50%) additional sum as
penalty, until the LESSEE shall have complied with the terms
hereof. This same penalty shall likewise be imposed in case the
LESSEE shall refuse to leave the leased premises after his right of
lease has expired or terminated for any reasons whatsoever;
18. Continued Occupation: After this lease has terminated for any
reason whatsoever, if the LESSEE continues the occupation of the
premises with the consent of the LESSOR, said extension of lease
shall be understood as running from month-to-month only, under
the same terms and conditions herein stipulated, and may be
terminated by either party by means of a written notice and
serve upon the other party at least thirty (30) days in advance
prior to the date of such termination;
21. Venue of Action: In case court litigation the venue is hereby fixed
in the Courts of Catbalogan City for non-payment of agreed
rent, or any breach of this contract by the LESSEE, the LESSOR
shall have the right to collect the attorneys fees, aside from the
cost of the suit and other damages which the law may entitle
the LESSOR to recover from the LESSEE;
Each and all provisions hereof shall be binding upon and inure to
the benefit of the heirs, executors, administrators, successors or
assignees of LESSOR, and the heirs, executors and administrators of
the LESSEE.
______________________________ _____________________________
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ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES )
CATBALOGAN CITY )S.S.