Scribd
Upload
808 views

Contract To Sell

This document is a contract to sell a parcel of land between a seller and buyer. It outlines the key terms of the sale including the property details, purchase price, payment terms, responsibilities of each party, and possession details. Upon full payment, the seller will transfer the title and related documents to the buyer. The contract is signed by both parties and notarized.

Uploaded by

bryan cua
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
808 views

Contract To Sell

This document is a contract to sell a parcel of land between a seller and buyer. It outlines the key terms of the sale including the property details, purchase price, payment terms, responsibilities of each party, and possession details. Upon full payment, the seller will transfer the title and related documents to the buyer. The contract is signed by both parties and notarized.

Uploaded by

bryan cua
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 executed and entered by:

__________________________, of legal age, Filipino, single/married to Name of


the Spouse of Seller, with residence address at _____________________________,
hereinafter referred to as the SELLER;

-AND-

_________________________, of legal age, Filipino, single/married to, Name


of Spouse of Buyer and with residence _____________________________
Phiippines, hereinafter referred to as the BUYER;

WITNESSETH;

WHEREAS, the SELLER is the registered owner of a parcel of land with improvements located
at _____________________________ and covered by Transfer Certificate of Title No.
____________________ containing a total area of _________________________________sqm 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:

The total consideration shall be ____________________________________ (_________)


Philippine Currency, payable through CASH/MANAGERS’ CHECK/WIRE TRANSFER as
follows:

1.1. The amount of THE EARNEST MONEY DEPOSIT (10%) 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 (90%) PESOS
Philippine Currency, shall be payable within _______________ days/months 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 ___________________.
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 ____________________;

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

7. Upon full payment of the total price, the SELLER shall sign and execute a DEED OF
ABSOLUTE SALE in favor of the BUYER. The SELLER shall likewise execute and/or
deliver 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.

8. 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.

___________________________________ ________________________________

SELLER BUYER

SIGNED IN THE PRESENCE OF:

____________________ ______________________
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

_____________________________ ) SS.

BEFORE ME, a Notary Public for and in


________________________________________________________ personally appeared:

Name ID Number Date/Place Issued

1.

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 are their free act and voluntary deed.

This instrument, consisting of ____ pages, including the page on which this acknowledgment is
written, has been signed on the left margin of each 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 202___.

You might also like