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Sample CONTRACT TO SELL

This contract details the agreement between the Sellers and Buyer for the sale of a 48.09 square meter residential lot located in Manila for PHP650,000. The Buyer will pay PHP200,000 as earnest money and PHP450,000 within 30 days to complete the purchase. The contract specifies the terms of payment, documentary requirements, warranties, and signatures of the Sellers and Buyer.

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92 views

Sample CONTRACT TO SELL

This contract details the agreement between the Sellers and Buyer for the sale of a 48.09 square meter residential lot located in Manila for PHP650,000. The Buyer will pay PHP200,000 as earnest money and PHP450,000 within 30 days to complete the purchase. The contract specifies the terms of payment, documentary requirements, warranties, and signatures of the Sellers and Buyer.

Uploaded by

sheilla
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This Contract to Sell is made and entered into this _____ day of November 2018,
in Makati City, by and between:

___________, married to____________, both of legal age, Filipinos, and


residing at______________________, hereinafter referred to as the
“SELLERS”;

-and-

_______________, of legal age, single, Filipino, and residing


at________________, hereinafter referred to as the “BUYER”;

WITNESSETH: That

WHEREAS, the SELLERS are the registered owner of a residential lot consisting
of FORTY EIGHT SQUARE METERS & NINE SQUARE DECIMETERS (48.09) located
at_____________, covered by Transfer Certificate of Title No.__________, issued by the
Registry of Deeds for the City of Manila, more particularly described as follows:

Transfer Certificate of Title


No. …………….

“A PARCEL OF LAND
………………………………………………………………………………………
………………………………………………………………………………………
……………………………………………………………………………. - THE
SUBDIVISION PLAN. XXX CONTAINING AN AREA OF FORTY NINE
SQUARE METERS AND NINE SQUARE DECIMETERS (49.09), MORE
OR LESS. XXX “

WHEREAS, the BUYER, acknowledging the valid title and right to possession of
the afore-described property by the SELLERS, offered to buy the property together
with the improvements existing thereon, subject to the terms and conditions provided
below, which offer the SELLERS accepted likewise subject to the compliance of certain
terms and conditions;

NOW, THEREFORE, for and in consideration of SIX HUNDRED FIFTY


THOUSAND PESOS (Php650,000.00), the SELLERS agreed to sell to the BUYER the
afore-described residential lot with improvements thereon subject to the following
terms and conditions:

1. The net purchase price for the subject property shall be Six Hundred Fifty
Thousand Pesos (Php650,000.00), in cash or to be paid in two (2) installments:

a. Two Hundred Thousand Pesos (Php200,000.00) upon acceptance of this


offer and your signing of the conformity hereunder, receipt of the amount
is hereto acknowledged by the SELLERS. This amount represents my
Contract to Sell
Page 2 of 3

earnest money for the subject purchase and shall be deductible from the
Purchase Price; and

b. Four Hundred Fifty Thousand Pesos (Php450,000.00) to be paid not later


than thirty (30) days from date of submission of complete documentary
requirements.

2. The applicable documentary stamp tax, transfer tax, notary and all
miscellaneous expenses for the registration of the sale, capital gains tax and
transfer of title in my name shall be for my account.

3. You warrant that the subject property is free from and clear of any lien,
encumbrance, lis pendens, adverse claim, expropriation and other legal
proceedings of whatever nature.

4. In the event of my default, i.e. not paying the entire Purchase Price under
paragraph 1 (b) preceding, the earnest money shall be forfeited in your favor.

5. This offer shall be valid for a period of seven (7) days from receipt hereof.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this
________ day of November 2018, in Makati City.

_________________________ __________________
Seller Seller

_____________________________
Buyer

SIGNED IN THE PRESENCE OF:

__________________________ __________________________
Contract to Sell
Page 3 of 3

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


CITY OF MAKATI ) S.S.

BEFORE ME, a Notary Public, for and in Makati City, this _____ day of
November 2018, personally appeared the following persons:

Name Govt. Issued ID

all known to me to be the same persons who executed the foregoing Contract to Sell
consisting of three (3) pages including this page wherein this acknowledgment is
written and acknowledged to me that the same is their voluntary act and deed.

WITNESS MY HAND AND SEAL on the date and place first above-written.

Doc. No. ___________ ;


Page No.___________ ;
Book No.___________ ;
Series of 2018.

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