CONTRACT TO SELL KNOW ALL MEN BY THESE PRESENTS: This CONTRACT TO SELL is made and executed in, ________, Philippines on this ___ day of __________ 2010 by and between: ___________________, of legal age, Filipino citizen, and resident of P. Laygo St., Sabang, Lipa City, and hereinafter collectively referred to as “VENDOR” -and____________________, of legal age, Filipino citizen, with residence and postal address at _________________, hereinafter referred to as “VENDEE”
WITNESSETH: THAT WHEREAS, the VENDOR is the lawful and registered owner of a parcel of land located at _________________, covered by TCT No. ______________ issued by the Registry of Deeds for _______________. Such parcel of land is more particularly described as follows:
(Technical description of the land)
WHEREAS, the VENDEE has offered to buy and the VENDOR has agreed to sell the above-described parcel of land subject to the terms and conditions hereinafter sethforth. NOW THEREFORE, for and in consideration of the foregoing premises and the payment of the agreed purchase price in the manner and form herein stipulated, the VENDOR hereby agrees to SELL, TRANSFER and CONVEY unto the VENDEE his heirs, assigns and successors-in-interest, and the VENDEE hereby agrees to BUY the PROPERTY subject to the following terms and conditions: Contract Price: The contract price for the sale of the PROPERTY shall be __________________ PESOS ( PhP_____________ ), Philippine Currency; Down Payment: Upon the execution of this Contract to Sell, the VENDEE shall make an initial down payment of ___________________________ PESOS (PhP_____________), Philippine Currency. Balance of Purchase Price:
The remaining balance of _________________ PESOS (PhP____________) shall be paid within ______ (_____) days from the execution of this Contract to Sell. Execution of Absolute Deed of Sale and Delivery of Transfer Tax Title, Tax Declaration and Tax Clearance Certificate: Upon completion of payment of the balance purchase price above stipulated and other obligations set forth hereto, the VENDOR shall execute and deliver to the VENDEE a final DEED OF ABSOLUTE SALE, CONVEYING, SELLING, CEDING AND/OR TRANSFERRING the above-described property, free and clear of all liens and encumbrances except those found therein at the time of the execution of this document, thereafter the VENDOR shall cause the issuance of Transfer Certificate of Title under the name of the VENDEE covering the subject parcel of land, it being understood, however, that expenses for capital gains tax and documentary stamp tax, transfer tax and other Registration Fees shall be borne exclusively by the _____________.
Miscellaneous The VENDEE shall only have the right to take possession over the property only after the execution of the Deed of Absolute Sale by the parties. This agreement shall inure to the benefit of, and be binding upon the parties hereto and their respective heirs and assigns; If any part of this agreement shall be deemed to be unenforceable or unlawful by a court of competent jurisdiction, such termination shall have no effect on the validity and enforceability of the other terms and conditions of this Agreement, and the challenged term shall be deemed deleted; This Agreement constitutes the entire agreement between the parties and supersedes all prior statements, representations and agreements on this subject matter. IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this ___ day of _____________ at ______________.
VENDOR
VENDEE
SIGNED IN THE PRESENCE OF:
___________________
_________________
ACKNOWLEDGMENT Republic of the Philippines
) ) S.S.
I certify on this date________ before me, a notary public duly authorized in the city named above to take acknowledgments, personally appeared _____________________. and ______________________ with their CTC No. and valid identification with pictures:
Name
CTC and Valid Card with Picture
Identification Date and Place of Issue
who are known to me/were identified by me through competent evidence of identity to be the same persons described in the foregoing CONTRACT TO SELL, who acknowledged before me that their respective signatures on the instrument were voluntarily affixed by them for the purposes stated therein, and who declared to me that they have executed the instrument as their free and voluntary act. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal on the day, year and place above written. Doc. No.________; Page No.________; Book No.________; Series of 2010.
Notary Public
