With Residence at Prk. Madasigon, Sta - Ana, Sugar Road, Tres de Mayo, Digos City, Davao Del Sur, Philippines, and
With Residence at Prk. Madasigon, Sta - Ana, Sugar Road, Tres de Mayo, Digos City, Davao Del Sur, Philippines, and
With Residence at Prk. Madasigon, Sta - Ana, Sugar Road, Tres de Mayo, Digos City, Davao Del Sur, Philippines, and
- and –
W I T N E S S E T H:
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NOW, THEREFORE, for and in consideration of the
foregoing premises and the covenants hereinafter stipulated,
the parties hereby agree as follows:
3. DEPOSIT: The LESSEE shall also pay the LESSOR the sum
of Two (2) months deposit of Pesos: TWENTY THOUSAND
PESOS (PHP 20,000), Philippine Currency, to guarantee the
payment of any damage to the leased premises, unpaid
utilities and other obligations to third parties by the LESSEE
during the term of the agreement, which deposit shall bear
no interest. Unless applied to said damages, unpaid utilities
and other obligations to third parties, said deposit shall be
returned to the LESSEE within Fifteen (15) days after the
termination of this agreement: Provided, however, that the
deposit cannot be applied to unpaid back rentals owed by
the LESSEE prior to the expiration of this agreement.
Furthermore, if the LESSEE vacates the premises before the
expiration of the period of lease, the total amount of the
deposit and advance rentals shall be forfeited in favor of the
LESSOR.
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5. USE OF THE PREMISES: The premises shall be used
exclusively for residential purposes only of the LESSEE and
the immediate members of her family and shall not in any
way be used for any illegal or unlawful activity or to keep
materials, chemicals and other matters considered as fire
hazards or nuisance to the building.
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a. In case of failure of the LESSEE to pay or settle any due
and unpaid obligations (rentals, electricity, water,
telephone, association dues etc.) as provided for under
this lease contract, the LESSEE hereby authorizes the
LESSOR, who is hereby given the right, to disconnect all
facilities such as but not limited to disconnect all
facilities such as but not limited to electricity, telephone,
water in the leased premises without need of further
notice to the LESSEE.
d. If after ten (10) days from the date the LESSOR shall
have taken possession of the aforesaid furniture, fixtures
and equipment by way of security, the LESSEE still fails
to pay or settle its unpaid obligations to the LESSOR the
LESSEE hereby consents and authorizes the LESSOR to
sell by way of public or private sale any or all the
furniture's fixtures equipment as may be sufficient to pay
or settle the lessee's unpaid obligations plus the accrued
interests and attorney's fee equivalent to 25% of the total
amount due and unpaid. All expenses that may be
incurred in the sale shall be for the account of the
LESSEE.
19. VENUE: All court actions from this contact of lease shall be
filed only in the proper courts of Digos City, Philippines to
exclusion of all other courts.
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IN WITNESS WHEREOF, parties herein affixed their
signatures this 7th day of February 2018 in Digos City,
Philippines.
WITNESSES
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ACKNOWLEDGMENT
AUBREY C. Bansalan,
GSIS No. 06-2382451-11
____________
BONILLA ______________________________ ____________
November 2017
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