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Contract To Sell Sample2

The document is a contract to sell real estate. It outlines the terms of sale for a property from a seller to a buyer, including the property details, purchase price, payment terms, responsibilities of each party, and signatures of those involved.

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Don Astorga Dehayco
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165 views

Contract To Sell Sample2

The document is a contract to sell real estate. It outlines the terms of sale for a property from a seller to a buyer, including the property details, purchase price, payment terms, responsibilities of each party, and signatures of those involved.

Uploaded by

Don Astorga Dehayco
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
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CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:


This Contract to Sell is made and executed and entered into by:

Name of Seller, of legal age, Filipino, single/married to Name of the Spouse of Seller, with residence
address at Postal Address of the Seller in the Phiilppines, hereinafter referred to as the SELLER;

-AND-

       Name of Buyer, of legal age, Filipino, single/married to, Name of Spouse of Buyer and with
residence and postal address at Address of the Buyer in the Phiippines, hereinafter referred to as
the BUYER;

WITNESSETH;

         WHEREAS, the SELLER is the registered owner of a parcel of land with improvements


located at Address of the property for sale in the Philippines and covered by Transfer Certificate of
Title No. 000000 containing a total area of LAND AREA IN SQUARE METERS
(000sqm) SQUARE METERS, more or less, issued by the Registry of Deeds of City/Municipality;

WHEREAS, the BUYER has offered to buy and the SELLER has agreed to sell the above mentioned
property under the terms and conditions herein below set forth;

NOW THEREFORE, for and in consideration of the total sum of THE CONTRACT PRICE FOR
THE PROPERTY FOR SALE (P0,000,000.00) Philippine Currency, and of the covenants herein after
set forth the SELLER  agrees to sell and the BUYER agree to buy the aforesaid property subject to
the following terms and conditions:

1. The total consideration shall be THE CONTRACT PRICE FOR THE PROPERTY FOR
SALE (P0,000,000.00) Philippine Currency, payable through CASH/MANAGERS’
CHECK/WIRE TRANSFER as follows:

1.1. The amount of THE EARNEST MONEY DEPOSIT (P000,000.00) representing earnest money
deposit shall be payable upon execution of this Contract to Sell and shall be considered part of the
total Contract price.

1.2. The remaining balance amounting to THE REMAINING BALANCE (P0,000,000.00) PESOS


Philippine Currency, shall be payable within TIME FRAME upon execution of this Contract to Sell.

1.3  In case the BUYERS could not fulfil any of their obligation stated in this Contract To Sell, the
earnest money shall be forfeited in favor of the SELLER.

 
2.    Al pending utility bills, if any, Real Estate Tax up to the time of sale, Capital Gains Tax,
Documentary Stamp Tax, shall be for the account of the SELLER.

3.     Notarization fees, Registration Fee, Transfer Fees and all miscellaneous fees and expenses to
transfer the certificate of title in the name of the new owner shall be for the account of the SELLER;

4.     Possession to the subject property shall be delivered by the SELLER to the BUYER upon full
payment of the total consideration;

5. ADDITIONAL TERMS AND CONDITIONS SUCH AS Delivery of the property shall be given by
the SELLER to the BUYER devoid of any religious artefacts, personal belongings and effects,
tenants and any toxic/radioactive substances. Etc.

6. TERMS AND CONDITIONS MAY VARY ON A CASE-TO-CASE BASIS. CONTRACTING


PARTIE MAY ADD, SUBTRACT, EDIT, ANY OR ALL PARTS OF THIS CONTRACT TO SELL
AS THEY SEE FIT

7.    Upon full payment of the total price, the SELLER shall sign and execute a DEED OF
ABSOLUTE SALE in favour of the BUYER. The SELLER shall likewise execute and/or deliver
any and all documents, including but not limited to the original copy of Transfer Certificate of Title,
Tax Declaration and all other documents necessary for the transfer of ownership from SELLER to
the BUYER.

7. In case the SELLER could not fulfil any of the obligations stated in this Contract to Sell, the
BUYER shall be entitled to a full refund plus 10% interest per month.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this

_____ day of _______________________ 20________ at


___________________________________, Philippines.

___________________________________                                      
___________________________________

Printed Name and Signature of SELLER                                          Printed Name and Signature


of BUYER

SIGNED IN THE PRESENCE OF:

 
 

 ___________________________________                                      
______________________________________

Printed Name and Signature of 1st Witness                                                Printed Name and


Signature of 2nd Witness

 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


_____________________________ )  SS.
BEFORE ME, a Notary Public for and in
________________________________________________________  personally appeared:

Name                                       ID  Number                                         Date/Place Issued

Known to me and to me known to be the same persons who executed the foregoing instrument and
acknowledged to me that the same are their free act and voluntary deed.

This instrument, consisting of 2 pages, including the page on which this acknowledgment is written,
has been signed on the left margin of each and every page thereof by the concerned parties and their
witnesses, and sealed with my notarial seal.

WITNESS  MY HAND AND SEAL on this ______day of


_______________________________20__________ at_____________________________.

Notary Public

Doc. No. ……..;


Page No. …….;
Book No. …….;
Series of 20____.

Read more: http://www.philippinesangeles.com/contract-to-sell-basic-guide-in-buying-philppine-
property-part-4/#ixzz4PkmlTWhX

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