Contract of Lease: Transfer Certificate of Title No. 12312

Republic of the Philippines )
City of Baguio
) S.C.
C O N T R AC T O F LE AS E
KNOWN BY ALL MEN THESE PRESENTS
This AGREEMENT OF LEASE made and entered into by and
between
BARRO A. KWO, of legal age, single, Filipino, and with residence
and postal address at 18 M. Roxas Street, Trancoville, Baguio City,
hereinafter referred to as the LESSOR.
-ANDSEGUE L. ANG, Filipino and with residence and postal address at 10A Ferguson Road, Baguio City, hereinafter referred to as the LESSEE.
WITNESSETH:
WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a
residential property situated at San Carlos Heights, Baguio City, and more
particularly described as follows:
TRANSFER CERTIFICATE OF TITLE NO. 12312
A PARCEL OF RESIDENTIAL LAND (Lot 20 Blk 54 of consolidation subdivision

plan (LRC) Pcs-13265, being a portion of the consolidation of Lots 4751-A and 4751-B
(LRC) Psd-50533, Lot 3, Psd-100703, Lot 1, Psd-150980, LRC Rec. Nos. Nos. N-27024,
51768, 89632, N-11782, N-13466, and 21071 situated in the Bo. of San Carlos Heights,
Baguio City, Is. of Luzon. Bounded on NE., point 4 to 1 by Road Lot 22, on...to the point
of beginning; containing an area of (280) square meters more or less..."
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 residential 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 ONE (1) YEAR. from March 15, 2015
to March 15, 2016 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 seven (7) 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: FOURTY THOUSAND PESOS (P 40,000.00), Philippine
Currency. All rental payments shall be payable to the 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
THREE (3) MONTHS or the sum of PESOS: ONE HUNDRED TWENTY
THOUSAND PESOS (P 120,000.00), Philippine Currency. wherein the two
(2) months deposit shall be applied as rent for the 11th and 12th months and
the remaining one (1) month deposit shall answer partially for damages and
any other obligations, for utilities such as Water, Electricity, CATV,
Telephone, Association Dues or resulting from violation(s) of any of the
provision of this contract.
5. DEFAULT PAYMENT: In case of default by the LESSEE in the
payment of the rent, such as when the checks are dishonored, 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 SIX (6) months 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, Internet, association dues 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 all corresponding keys and
in as good and tenable condition as the same is now, ordinary wear and tear
expected 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.
BARRO A. KWO
LESSOR
SEGUE A. LANG
LESSEE
Signed in the presence of:

_____________________________
_______________________
TESS T. GO
Witness
WHITNEYS H. TONG
ACKNOWLEDGEMENT
Republic of the Philippines)

Baguio City
) S.C
BEFORE ME, personally appeared:
Name
CTC Number
Date/Place Issued
BARROW A. KWO
10124548789
SEGUE L. ANG
1321587311
February 24, 2015 /

Baguio City
January 30, 2015 /
Baguio City
Known to me and to me known to be the same persons who executed

the foregoing instrument and acknowledged to me that the same is their free
and voluntary act and deed.
This instrument consisting of 4 page/s, including the page on which this
acknowledgement is written, has been signed on each and every page thereof
by the concerned parties and their witnesses, and sealed with my notarial
seal.
WITNESS MY HAND AND SEAL, on the date and place first above
written.
ATTY. YVETTE KATHRYN S.
BARRIENTOS
Notary Public for Baguio City
Appointment No. 923, Until Dec. 31,2016
2F Units 03-04 VMOZR Bldg., Harrison
Rd., Baguio City
IBP No. 812923; 01/01/2015 Baguio
PTR No. 1211016; 01/01/2015 Baguio
Roll No. 70522; 05/05/2005
MCLE No. 110508
Doc. No.______;
Page No. ______;
Book No.______;
Series of 20___.

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Contract of Lease: Transfer Certificate of Title No. 12312

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Republic of the Philippines )

A PARCEL OF RESIDENTIAL LAND (Lot 20 Blk 54 of consolidation subdivision

WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE

1. PURPOSES: That premises hereby leased shall be used exclusively by

Signed in the presence of:

Republic of the Philippines)

February 24, 2015 /

Known to me and to me known to be the same persons who executed

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