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Deed of Undertaking With Quitclaim

This document is a Deed of Undertaking with Quitclaim between a first and second party regarding a parcel of land. The first party originally owned the land according to the title but sold it to the second party. However, the technical description in the title refers to an adjacent lot owned by someone else. Both parties acknowledge this mistake. The second party agrees to not hold the first party liable for any issues arising from the sale. Both parties enter into the agreement freely without coercion.

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1K views

Deed of Undertaking With Quitclaim

This document is a Deed of Undertaking with Quitclaim between a first and second party regarding a parcel of land. The first party originally owned the land according to the title but sold it to the second party. However, the technical description in the title refers to an adjacent lot owned by someone else. Both parties acknowledge this mistake. The second party agrees to not hold the first party liable for any issues arising from the sale. Both parties enter into the agreement freely without coercion.

Uploaded by

drpjgmrmc bac
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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DEED OF UNDERTAKING WITH QUITCLAIM

KNOW ALL MEN BY THESE PRESENTS:

This DEED OF UNDERTAKING WITH QUITCLAIM is entered into and


executed by and between: 

_____________________________________, of legal age, single/married, Filipino,


with residence and postal address at _________________________________________,
Nueva Ecija, Philippines, hereinafter referred to as the FIRST PARTY;

-AND-

Spouses ___________________________________, of legal age, both Filipinos, and


with residence and postal address at _____________________________________,
Philippines, hereinafter referred to as SECOND PARTY.

WITNESSETH:

The FIRST PARTY is the owner of a parcel of land and its improvements as
evidenced by Transfer Certificate Title No.
____________________________ particularly described as follows:

  

TRANSFER CERTIFICATE OF TITLE NO. CLOA-GOL-23174

LOT : 72, Psd-034907-059583 (AR) Amd.


PORTION OF LOT : 1624-L-88, Psd-034907-059583 (AR)
LOCATION : Bantug, Gabaldon, Nueva Ecija
BOUNDARIES : NE., along line 1-2…lot 71, Psd-034907-059583 (AR)
Amd.
SE., along line 2-3… lot 58, Psd-034907-059583 (AR)
SE., SW., along line 3-4-5… lot 54, Psd-034907-059583
(AR)
SW., along line 5-6… lot 89, Psd-034907-059583 (AR)
NW., along line 6-1… lot 73, Psd-034907-059583 (AR)
Beginning at a point marked “1” on plan being X X X Containing an area of
THIRTY THOUSAND SQUEARE METERS, more or less.

 
WHEREAS, the FIRST PARTY sold, transferred and convey by way of a Deed of
Absolute Sale the aforementioned property SECOND PARTY.

WHEREAS, the SECOND PARTY bought the above-mentioned property with full
knowledge and consent that the technical description as appearing in the Transfer
Certificate of Title refers to the adjacent lot owned and registered under the name of
a different person;

WHEREAS, the FIRST PARTY fully disclosed the said fact to the SECOND PARTY,
which the SECOND PARTY accepts considering that there were earlier transactions
made to the registered owner to transfer and exchange the lot subject of this
undertaking to its rightful owner;

WHEREAS, the SECOND PARTY hereby undertake to free the FIRST PARTY from
any or whatsoever liability that may arise from the sale of herein subject property,
and that forever quitclaim from the FIRST PARTY from all actions, civil, criminal
and/or administrative in nature, that the SECOND PARTY might have against the
FIRST PARTY arising the sale of the abovementioned parcel of land;

That this, Deed of Undertaking with Quitclaim is executed by both parties, with
their free and full consent, without force and undue influence against each other.

  

IN WITNESS HEREOF, the parties have hereunto set their hands this ___day of
_____________ in the City/Municipality of ______________________, Philippines.

FIRST PARTY

______________________________
Gov’t. Issued ID ___________________
I.D. No.__________________________

SECOND PARTY

___________________________ _____________________________
Vendee Vendee
Gov’t. Issued ID ____________ Gov’t. Issued ID _______________
I.D. No.___________________ I.D. No.______________________
 
Signed in the presence of:

___________________________ __________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

MUN/CITY OF ________________) S.S.

x---------------------------------------------x
 
BEFORE ME, appeared the above stated parties showing their Identification
documents as stated below their names and known to me as the parties who
executed this Conditional Deed of Sale and they acknowledged to me as their free
and voluntary act and deed.
 
This document, consist of three (3) pages including this page where this
acknowledgement is written, with every page thereof duly signed by the parties
including their instrumental witnesses, at the bottom or left margin thereof and seal
with notarial seal, refers to a Conditional Deed of Sale of Real Property.
Witness my hand and seal this day of ____________, __________________,
Philippines.
 
Doc. No._________;
Page No: _________;
Book No: _________;
Series of __________.

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