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Sets a fixed one-year lease period, monthly rent amount and payment timing, and requires two months deposit plus one month advance, with specific rules for reimbursement and deductions. Allocates utilities and repair responsibilities to the lessee, restricts subleasing without written consent, and addresses return condition, renewal with potential rent increase, penalties for arrears, abandonment, and legal sanctions for breaches, followed by signatures and notary acknowledgement.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/contract-of-lease-residential-lease-terms-and-notary-acknowledgement/282360/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/contract-of-lease-residential-lease-terms-and-notary-acknowledgement/282360.png","ImageObject",442,249,{"name":88,"@type":89},"Emma Wilson","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-19","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",9,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"How long is the lease term and when does it begin and end?","Question",{"text":109,"@type":110},"The lease is for a period of one year, from December 17, 2002 up to December 17, 2003.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"What rent, payment schedule, and deposits are required?",{"text":114,"@type":110},"The lessee pays a monthly rental of FIFTY THOUSAND PESOS (P50,000.00), payable every 16th day of the month. The contract requires two months deposit and one month advance, which is not considered rental and is reimbursable upon termination subject to deductions.",{"name":116,"@type":107,"acceptedAnswer":117},"What happens if the lessee has arrears or abandons/vacates the premises?",{"text":118,"@type":110},"If the lessee has arrears and cannot pay before vacating, the lessor may offset rental arrears by taking possession of tangible and valuable property without judicial action. If the premises is abandoned, vacated, or deserted for one week without notice while in default, the lessor may consider it legally abandoned and take possession.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},282360,1789572980,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":126,"read_time":9},3848291630094,"https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","Republic of the Philippines)   ) s.s.  \nCONTRACT OF LEASE  \nKNOW ALL MEN BY THESE PRESENTS:  \nThis CONTRACT OF LEASE, made and entered into this   day of August, 2003 at the City of Makati, by and between:   , of legal age, married and residing at   , and hereinafter referred to as the  \nLESSOR,  \n-and-  \n , also of legal age, married and residing at   , and  \nhereinafter referred to as the LESSEE, WITNESSETH: That  \nWHEREAS, the LESSOR is the registered and absolute owner of a house and lot situated at   ;  \nWHEREAS, the LESSEE is willing to lease said property from the LESSOR under the following terms and conditions:  \n1. That the lease shall be for a period of one year from December 17, 2002 up to December 17, 2003;  \n2. That the LESSEE shall pay a monthly rental of FIFTY THOUSAND PESOS (P50,000 .00), Philippine Currency, payable every 16th day of the month;  \n3. That the LESSEE upon   PESOS (  ) representing two (2) months deposit and one (1) month advance. That the deposit shall not be considered as payment for rental but will be reimbursed by the LESSOR upon the termination of this contract, unless the leased property suffers damages or the LESSEE has unpaid utility and water bills in which case, said bills and damages will be paid out of the deposit;  \n4. That electric and water bills shall be for the account of the LESSEE, the exact amount of which will be based on the electric and water reading for each month;  \n5. That the leased premises shall be devoted exclusively for residential purposes only;  \n6. That all improvements to be made or introduced on the premises shall require the prior consent of the LESSOR and that improvement that can no longer be removed by the LESSEE shall become the property of the LESSOR;  \n7. That any expenses for repair arising from damage wilfully and knowingly caused by the LESSEE on the premises shall be shouldered by the LESSEE;  \n8. That under no circumstance will the leased premises be subleased to any other person or entity without the written consent and approval of the LESSOR;  \n9. That if said premises is not surrendered to the LESSOR at the expiration of the lease contract, the LESSEE shall be responsible to the LESSOR for all damages which the LESSOR may suffer by reason thereof;  \n10. That the LESSEE hereby agrees to return the leased premises at the expiration of the contract in as good a condition as reasonable wear and tear will permit without any delay whatsoever;  \n11. That in case the LESSEE shall have arrears in rental payments and unable to pay said arrears before vacating the premises, the LESSOR shall have the option to take possession of any tangible and valuable property to offset the amount of rental arrears without the need of judicial action;  \n12. That in case the leased premises shall be abandoned, vacated or deserted for a period of one  \n(1) week, without any previous notice to the LESSOR and during the time the LESSEE is in default in the payment of the monthly rental, then under such circumstances the LESSOR can consider the leased premises as legally abandoned and may enter the premises and take possession thereof without prejudice to its right of action against the LESSEE;  \n13. The LESSOR reserves the right to increase the rental rate by ten (10%) per cent after one (1) year and the contract is renewed by mutual agreement of the parties;  \n14. That the LESSEE is obliged to observe cleanliness and maintain peaceful condition inside and outside the premises;  \n15. That the LESSEE hereby warrants that he read and understood all the foregoing provisions of this contract and shall abide by the same, otherwise, any violation will subject the LESSEE to ejectment and other legal sanctions.  \nIN WITNESS WHEREOF, the parties have hereunto set their hands this   day of   , 2013 at the City of Makati, Philippines.  \nSignature of Lessee  Signature of Lessor  \nSIGNED IN THE PRESENCE OF:  \nREPUBLIC OF THE PHILIPPINES)  \nIMUS, CAVITE ) S.S.  \nACKNOWLEDGEMENT  \nBEFORE ME","cbCaitZ38umAbobf","https://ap.wps.com/l/cbCaitZ38umAbobf","pdf",41774,"English","# Lease Agreement Terms\n## Parties and Premises\n## Lease Period and Rent\n## Deposits, Utilities, and Repairs\n## Use Restrictions and Improvements\n## Default, Abandonment, and Renewal\n## Signatures and Notary Acknowledgement","[{\"question\":\"How long is the lease term and when does it begin and end?\",\"answer\":\"The lease is for a period of one year, from December 17, 2002 up to December 17, 2003.\"},{\"question\":\"What rent, payment schedule, and deposits are required?\",\"answer\":\"The lessee pays a monthly rental of FIFTY THOUSAND PESOS (P50,000.00), payable every 16th day of the month. The contract requires two months deposit and one month advance, which is not considered rental and is reimbursable upon termination subject to deductions.\"},{\"question\":\"What happens if the lessee has arrears or abandons/vacates the premises?\",\"answer\":\"If the lessee has arrears and cannot pay before vacating, the lessor may offset rental arrears by taking possession of tangible and valuable property without judicial action. If the premises is abandoned, vacated, or deserted for one week without notice while in default, the lessor may consider it legally abandoned and take possession.\"}]","Contract of Lease - Residential Lease Terms and Notary Acknowledgement | PDF"]