Contract Of Lease

CONTRACT OF LEASE KNOW ALL MEN BY THESE PRESENTS: This CONTRACT OF LEASE, entered into by and between: MARY JANE A. MANGLAR, of legal age, Filipino, married to ARTURO T. MANGLAR JR. and a resident of Sagay City, Negros Occidental; hereinafter reffered to as the "LESSOR". -and____________________, of legal age, Filipino ____________ ____________________ and resident of _________________________________ _____________. hereinafter reffered to as the LESSEE. Both parties hereinafter reffered to as the "PARTIES". WITNESSETH : That the LESSOR hereby lets and leases unto the LESSEE, and the latter hereby accepts in lease from the former that certain House and lot situated at ___________________________________ owned by the LESSOR;

That the terms and conditions of this lease are as follows: 1. Period and rentals: The term of this lease if for One (1) Year, commencing from _____________ and expiring on ______________, during which period the LESSEE shall be bound to pay the LESSOR a monthly rental of ______________________________ (P_________) due and payable in advance within the first five days of the month; 2. Use and Purpose: The LESSEE hereby expressly agrees and warrants that the leased premises shall be used exclusively for residential purposes, and said LESSEE is hereby prohibited to use said premises for any other purpose or purposes without the prior written consent of the LESSOR; 3. Rights of lessee non-transferable: The LESSEE shall not directly or indirectly sublease, assign, or transfer his/her right of lease over the leased premises or any portion thereof under any circumstance whatsoever, and any such contract made in violation of this clause shall be null and void; 4. Repairs and improvements: The LESSEE hereby expressly acknowledges that the leased premises are in good tenantable condition and agrees to keep the same in such good and tenantable condition for which purpose he/she binds himself/herself to undertake at his/her exclusive expense all ordinary repairs understood, however that the LESSEE shall not commence or proceed with

any such repair work nor in any case introduce improvements or make any alteration in the leased premises without prior written consent of the LESSOR: Provided however, That all improvements or alterations of whatever nature such as may be made therein shall form an integral part of the leased premises and shall not be removed therefrom but shall all belong to and become the exclusive property of the LESSOR upon termination of the lease, without need of reimbursement for the cost thereof; 5. Water, electricity, etc.: Charges for water consumption, electricity and other utility services in the premises as well as for the repairs in the utility system shall be for the exclusive amount of the LESSEE; 6. Changes in existing installations: The LESSEE shall not make alterations or changes in the electric or plumbing installations or in any other improvements installed within the leased premises, without prior written consent of the LESSOR; 7. Fire Hazards: The LESSEE shall not bring or store in the leased premises any inflammable or explosive goods or articles which may expose the leased premises to fire or increase the fire hazards neither shall the LESSEE use firewood and/or similar instruments inside the kitchen area of the leased premises except Liquefied Petroleum Gas; 8. Inspection of premises: The LESSOR or his/her duly authorized representatives shall have the right to inspect the leased premises at any reasonable hour of the day; 9. Deposit requirement: Upon signing of this Contract, the LESSEE shall pay unto the LESSOR an amount equivalent to two months rentals, the same to be applied in payment of back rentals, if any, upon the termination of this Contract and other expenses and charges billed against the LESSEE for water, electric, and other utility services then remaining unpaid. 10. Remedial measure: In case of violation or infringement of any of the foregoing terms and conditions, the LESSOR reserves the right to terminate this Contract of Lease immediately and the LESSEE agrees to vacate forthwith the premises without need of court proceeding: Provided, however, That if for any valid reason it shall become necessary for the LESSOR to institute an appropriate court action for the enforcement of his/her rights under this Contract, the LESSEE shall be liable for liquidated damages for and in lieu of attorney's fees in the sum of ____________________________ aside from court costs and other legal charges allowed by the Rules of Court.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this ____ day ______________, 2008 ___ at Sagay City, Negros Occidental, Philippines. _______________________ LESSOR

___________________ LESSEE Signed in the presence of

1.__________________

2.___________________

Republic of the Philippines ) Province of Negros Occidental ) S.S. City of Sagay ) X--------------------------------------------------------X ACKNOWLEDGEMENT PERSONALLY APPEARED before me this ________________ at Sagay City, Philippines, _________________ with CTC No. __________ issued at Sagay City on _____________ and ___________ with CTC No. ____________ issued at ____________ both known to me to be the same person who executed the foregoing instrument and they acknowledged to me that the same is their own free act and deed. I FURTHER CERTIFY that the foregoing instrument consisting of three (3) pages including this page duly signed by the parties and their instrumental witnesses refers to a Contract of Lease. WITNESS my hand and notarial seal on the date and place first abovewritten.

Doc. No. _______ Page No.______ Book No.______ Series of 2008.