CONTRACT OF LEASE

CONTRACT OF LEASE
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT OF LEASE is made and executed at Zone 5 San Nicolas,

Palestina, Pili Camarines Sur, this 20th day of August, 2022, by and between:
RAMZ Golden Fuel Corporation, represented by; Mary Ann Ecubin Dellomas,
of legal age, Filipino citizen, and with residence and postal address at Zone 5 San
Nicolas, Palestina, Pili Camarines Sur, hereinafter referred to as the LESSOR.
-AND-
Catherine San Juan Baal, Filipino and with residence and postal address at San
Nicolas, Palestina, Pili Camarines Sur, hereinafter referred to as the LESSEE.
WITNESSETH; That
WHEREAS, the LESSOR is the owner of the One (1) Unit Commercial Space

located within the vicinity of RAMZ Golden Fuel Corp Gasoline station specifically on
the upper right portion of the property lot with an address at Zone 5 San Nicolas,
Palestina, Pili Camarines Sur;
WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and

the LESSEE is willing to lease the same;
NOW THEREFORE, for and in consideration of the foregoing premises, the

LESSOR leases unto the LESSEE and 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 commercial 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 August 20,2022 to August
20,2023 inclusive. Upon its expiration, this lease may be renewed under such terms and
conditions as may be mutually agreed upon by both parties, 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: SEVEN THOUSAND PESOS ONLY (P 7,000.00), Philippine Currency
inclusive of VAT and net of withholding tax. 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 SIX (6) MONTHS or
the sum of PESOS: FORTY-TWO THOUSAND PESOS ONLY (P 42,000.00), Philippine
Currency. 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
damages and any other obligations, for utilities such as Water, Electricity and 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 Three (3) months 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 electric, water, Internet, 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. IMPROVEMENTS AND ALTERATIONS: The LESEE shall make no alterations to

the building or improvements on the Premises or construct any building or make any
other improvements on the Premises without the prior written consent of the LESSOR.
Any and all alterations, changes, and/or improvements built, constructed or placed on
the Premises by the LESSOR shall, unless otherwise provided by written agreement
between the LESSOR and the TENANT, be and become the property of the LESSOR
and remain on the Premises at the expiration or early termination of this Agreement.
11. CLEANLINESS: LESEE agrees to maintain the lease premised, at its own expense,
in a clean, orderly and sanitary condition and free of insects, rodents, vermin and other
pests and agrees not to cause or permit objectionable odors to emanate or be dispelled
from the leased premises.
12. RATE INCREASE: If for any reason the LESEE remains in possession of the Property,
or the lawful LESEE of the Property, for more than 12 months, then the Rent will increase
once each year.
13. 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.
14. 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
(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.
15. This CONTRACT OF LEASE shall be valid and binding between the parties, their
successors-in-interest and assigns.
IN WITNESS WHEREOF, par2.ties herein affixed their signatures on the date
and place above written.
RAMZ Golden Fuel Corporation

Represented by; Catherine San Juan Baal
Mary Ann Ecubin Dellomas
LESSOR LESSEE
Signed in the presence of:
Jeovanni Q. Bermil Mary Ann L. Javier
Witness Witness
ACKNOWLEDGEMENT
Republic of the Philippines)

_________________________) S.S
BEFORE ME, personally appeared:
Name Identification Card Date/Place Issued

RAMZ Golden Fuel
Corporation TIN 216-202-258 DEC 14,2021
Represented by;
Mary Ann Ecubin Dellomas
Catherine San Juan Baal UMID 0111-7761623-2
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 three (3) page/s, 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.

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KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at Zone 5 San Nicolas,

WHEREAS, the LESSOR is the owner of the One (1) Unit Commercial Space

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

NOW THEREFORE, for and in consideration of the foregoing premises, the

TERMS AND CONDITIONS

1. PURPOSES: That premises hereby leased shall be used exclusively by the

10. IMPROVEMENTS AND ALTERATIONS: The LESEE shall make no alterations to

RAMZ Golden Fuel Corporation

Signed in the presence of:

Jeovanni Q. Bermil Mary Ann L. Javier

Republic of the Philippines)

BEFORE ME, personally appeared:

Name Identification Card Date/Place Issued

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