LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of Quezon, 31st day of August, 2017 by
and between:

JOCELYN A. DEVIS, of legal age, single, Filipino, and with residence and postal address at 21
Scout Borromeo, South Triangle, Quezon City hereinafter referred to as the LESSOR.

-AND-

KATHLEEN B. MARCELO, Filipino and with residence and postal address at 2 Magiting St. UP
Teachers Village East, Diliman, Quezon City, hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a residential property situated at
25 Scout Borromeo, South Triangle,Quezon City;

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

NOW THEREFORE, 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 September 15, 2017 to September 15, 2018
inclusive, this lease may be renewed under such terms and conditions, 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: FIFTEEN
THOUSAND PESOS (Php 15,000.00). 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: FORTY-
FIVE THOUSAND PESOS (P 45,000.00). 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
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damages and any other obligations, for utilities such as Water, Electricity, CCTV, 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 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, 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 Percent (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.

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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.

JOCELYN A. DEVIS KATHLEEN B. MARCELO

Signed in the presence of:

_____________________________ ______________________________

ACKNOWLEDGEMENT

Republic of the Philippines)

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

JOCELYN A. DEVIS 163423472 September 07, 2017/ Quezon 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 3 pages, 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.

Notary Public

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

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GUIJARNO, MEMORACION, MENDOZA, POLOYAPOY, M.V. SANTIAGO