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CONTRACT OF LEASE

This AGREEMENT OF LEASE made and entered into by and

between:
The LESSOR JANE S. BAKER, of legal age, Filipino and resident of
#342 Liwayway St., Luz Village, Butuan City, Philippines.
-andThe LESSEE JOSE WILSON S. ESPARCIA, of legal age, Filipino
and resident of #342 Liwayway St., Luz Village, Butuan City, Philippines.
WITNESSETH:
That the LESSOR hereby leases unto the LESSEE, and the latter
hereby accepts in lease from the former, that certain apartment located
at #342 Liwayway St., Luz Village, Butuan City, Philippines under the
following terms and conditions:
1. The term of this lease shall be TWO YEARS commencing on
February 10, 2015 and expiring on February 10, 2017.
2. The monthly rental shall be SIX THOUSAND PESOS ( 6,000.00)
Philippine currency, to be paid by the LESSEE on or before the
fifth day of each month.
3. The LESSEE hereby expressly agrees and warrants that the leased
premises shall be used by him exclusively for dwelling purposes
and the said LESSEE is strictly prohibited from using said
premises for any other purpose or business without the prior
written consent of the LESSOR.
4. The LESSEE shall not directly or indirectly sublease, assign,
transfer, convey, mortgage or in any way encumber his right of
lease over the leased premises or any portion thereof under any
circumstances whatsoever; any contract that may be made in
violation of this clause shall be null and void. It is expressly
understood and agreed by the parties that the personal character
of the LESSEE as herein represented and the nature of the
occupancy of the leased premises as above restricted, constitute
and are the special consideration and inducement for the granting
of this lease by the LESSOR; consequently, any violation, direct or
indirect, of any of the stipulations hereof shall automatically and
unequivocally terminate this contract of lease from the time such
violation OMITS.
5. The LESSEE hereby expressly acknowledges that the leased
premises are in good and tenantable condition and agrees to keep

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the same in such good and tenantable condition. The LESSEE

likewise agrees and binds himself to undertake at his exclusive
expense, all repairs, necessary or otherwise, such as may be
required to maintain the leased premises in its good state of
condition. It is expressly agreed and understood, however, that
the LESSEE shall not start or proceed with any repair work nor in
any case introduce improvements or make any alterations in the
leased premises without the prior written consent and approval of
the LESSOR; and the parties agree that all improvements or
alterations of whatsoever nature shall, upon completion thereof,
form integral parts of the leased premises and shall not be
removed therefrom but shall belong to and become the exclusive
property of the LESSOR, without any right on the part of the
LESSEE to the reimbursement of the cost or value thereof.
6. The LESSEE shall pay for and defray at his exclusive expense, the
consumption of water, electric light, telephone or other utility
services in the leased premises; all repairs in the utility service
system therein shall be made by the LESSOR but for the exclusive
account of the LESSEE, without right to reimbursement.
7. 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 and
sanitation of the leased premises. Failure to comply with said
laws, ordinances, regulations or orders shall be at the exclusive
risk and expense of said LESSEE.
8. The LESSEE shall not bring into or store in the leased premises
any inflammable or explosive goods or materials nor any article
which may expose the leased premises to fire or increase fire
hazard, or any other article which the LESSOR may prohibit; the
LESSOR shall not do or cause to be done any act or thing which
will likewise increase the fire hazard or fire insurance of the
premises.
9. The LESSEE shall not make or permit any disturbing noise within
the leased premises caused by himself or by persons under his
control, nor permit anything to be done by himself or by such
other persons which will interfere with the rights, comfort or
convenience of his neighbors.
10.
If the rental herein stipulated, or any part thereof, at any
time shall be unpaid, or if the tenant shall at anytime fail or
neglect to perform or comply with any of the covenants,
conditions, agreements or restrictions stipulated, then and in any
of such above cases, this Lease Contract shall become

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automatically terminated and cancelled and the said premises

shall be vacated peacefully by the LESSEE for the LESSOR to hold
and enjoy henceforth as if these presents have not been made.
11.Deposit in the leased premises of a note to vacate the premises
shall constitute due and sufficient notice to the LESSEE as
provided by law. Upon the expiration of the term of this lease or
earlier termination thereof, the LESSEE hereby expressly
authorizes in advance the LESSOR to enter the leased premises,
remove all personal property that may be found in the leased
premises and deposit the same in a bodega, and the LESSEE
further agrees to pay all costs for transfer and storage in the event
that the said LESSOR chooses to exercise this action.
12.
If said premises be not surrendered at the end of the term,
the LESSEE shall be responsible to the LESSOR for all damages
which the LESSOR shall suffer by reason thereof and will
indemnify the LESSOR against all claims made by the succeeding
tenant against the LESSOR resulting from delay by the LESSOR in
delivering possession of the premises to such succeeding tenant,
insofar as such delay is occasioned by failure of the LESSEE to
surrender the premises.
13.
The failure of the LESSOR to insist upon a strict
performance of any of the terms, conditions and covenants hereof
shall not be deemed a relinquishment or waiver of any right or
remedy that said LESSOR may have, nor shall it be construed as a
waiver of any subsequent breach or default of the terms,
conditions and covenants herein contained, which shall be
deemed in full force and effect. No waiver by the LESSOR shall be
deemed to have been made unless expressed in writing and
signed by the LESSOR.
14.
This lease agreement supersedes and renders void any and
all agreements and undertaking, oral and/or written, previously
entered between the parties covering the property herein leased,
and this agreement may not hereafter be modified or altered
except by instrument in writing duly signed by the parties hereto.
15.Upon the signing of this agreement, the LESSEE shall pay unto
the LESSOR the sum of SIX THOUSAND PESOS (6,000.00) in
payment of the first month of lease of the premises.
IN WITNESS WHEREOF, the parties hereto have set their hands this
10th day of February, 2015, Butuan City, Philippines.

JANE S. BAKER

JOSE WILSON S. ESPARCIA

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WITNESSES:

CAREL MAE L. CABARON

PRECIOUS TANCINCO

ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES )
CITY OF BUTUAN

S.S.

BEFORE ME, this 10th day of February, 2015, in the City of

Butuan, personally appeared:
1. JANE S. BAKER
CITY /

CTC No. 12345

BUTUAN

JANUARY 1, 2016
2. JOSE WILSON S. ESPARCIA
BUTUAN CITY /

CTC No. 32321

JANUARY 1, 2016

known to me to be the same persons who executed the foregoing

instrument and acknowledged that the same are their free act and deed.
This instrument consisting of five (6) pages, including the page on
which this acknowledgment is written, has been signed on the left
margin of each and every page thereof by Jane S. Baker and Jose Wilson
S. Esparcia and their witnesses, and sealed with my notarial seal.
IN WITNESS WHEREOF, I have hereunto set my hand on the
date and place above written.

Doc. No. 1;
Page No. 1;
Book No. I;
Series of 2016.

ATTY. FE YU-CASTILLO
NOTARY PUBLIC
Commission Serial No. 338421
Until December 31, 2016
Roll No. 3331
IBP No. 4221
PTR No. 6381

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