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Deed of Conditional Sale

Dorina Sandigan Arguelles agrees to conditionally sell a 596 square meter parcel of land in Puerto Princesa City, Palawan to Mary Grace B. Cartagena. Mary Grace agrees to pay Php99,000 upon signing, with the remaining Php1,000 due in five years, at which point Dorina will transfer full ownership. Until full payment, Dorina retains title to the property and commits to transferring absolute ownership to Mary Grace once payment is complete. Both parties sign the deed of conditional sale in the presence of witnesses and a notary, who notarizes the document.

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43K views4 pages

Deed of Conditional Sale

Dorina Sandigan Arguelles agrees to conditionally sell a 596 square meter parcel of land in Puerto Princesa City, Palawan to Mary Grace B. Cartagena. Mary Grace agrees to pay Php99,000 upon signing, with the remaining Php1,000 due in five years, at which point Dorina will transfer full ownership. Until full payment, Dorina retains title to the property and commits to transferring absolute ownership to Mary Grace once payment is complete. Both parties sign the deed of conditional sale in the presence of witnesses and a notary, who notarizes the document.

Uploaded by

heymissruby
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 CONDITIONAL SALE

OF A PORTION OF A PARCEL OF LAND

KNOW ALL MEN BY THESE PRESENTS:


This Deed of Conditional Sale is entered into by and between the
following parties:

DORINA SANDIGAN ARGUELLES, of legal age, Filipino,


widow, and a resident of Bgy. Luzviminda, Puerto Princesa
City, Palawan, hereinafter referred to as the SELLER
-AndMARY GRACE B. CARTAGENA, Filipino, of legal age, widow,
with residence addressed at Purok Silangan, Bgy. San Pedro,
Puerto Princesa City, Palawan hereinafter referred to as the
BUYER.

WITNESSETH: THAT
WHEREAS, the SELLER is the registered owner of a certain parcel
of land land situated in Bgy. Luzviminda, Puerto Princesa City,
Palawan, and more particularly described and bounded as follows:

ORIGINAL CERTIFICATE OF TITLE No. 3973


A PARCEL OF LAND (Lot 2376, Pls-1117-D), situated in the
Barangay of Luzviminda, City of Puerto Princesa, Island of
Palawan.
Bounded on the SW., and NW., along lines 1-2-3-4 by Road
(10.00 m. wide) ; on the NE., along line 4-5 by Lot 2377;
and on the SE., along line 5-1 by Lot 2380, both of Pls1117-D. Beginning at a point marked 1 on plan being S.
78 deg. 41 W., 5,671.51 m. from BLLM No. 1, Pls-1117-D,
Barangay
Mangingisda,
Puerto
Princesa
City;xxx
beginning containing an area of FIVE HUNDRED NINETY
SIX(596) SQUARE METERS, more or less. (A copy of which
title is hereto attached as Annex A)
WHEREAS, the Seller has offered to sell the above-described
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parcel of land to the BUYER and the BUYER have agreed to buy
the same in the amount of ONE HUNDRED THOUSAND PESOS
(Php100,000.00), Philippine Currency;
WHEREAS, the BUYER shall pay the amount of NINETY-NINE
THOUSAND PESOS (Php99,000.00), Philippine currency, upon
execution of this document;
WHEREAS, the BUYER shall pay the balance in the amount of
ONE THOUSAND PESOS (Php1,000.00) Philippine Currency, after
five (5) years from the execution of this document;
WHEREAS, the SELLERs title to the property is reserved until full
payment of the purchase price, and that the SELLER hereby
bounds herself to execute a Deed of Absolute Sale in Favor of the
BUYER upon fulfillment of the BUYERs obligation to the SELLER
and that the SELLER commits itself to SELL, CEDE, TRANSFER and
CONVEY in a manner that is absolute and irrevocable the above
real property unto the BUYER, his heirs, assigns and successorsin-interest.
IN WITNESS WHEREOF, the parties have hereunto signed this
DEED OF CONDITIONAL SALE this 15 TH day of JULY, 2015 at Bgy.
Sta. Monica Puerto Princesa City.

DORINA SANDIGAN ARGUELLES


CARTAGENA
Seller
TIN:

MARY GRACE B.
Buyer
TIN:

Signed in the presence of:

April S. Arguelles

Ramjoe S. Arguelles

_____________________

______________________

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ACKNOWLEDGEMENT
Republic of the Philippines)
Province of Palawan
) S.S.
City of Puerto Princesa
)

BEFORE ME, a Notary Public for the Province of Palawan and


City of Puerto Princesa, personally appeared:
Name

ID No.

Date and
Place of Issuance

DORINA SANDIGAN ARGUELLES


MARY GRACE B. CARTAGENA
known to me to be the same persons who executed the foregoing
document of DEED OF CONDITIONAL SALE and they
acknowledged to me that they executed the same as their free
and voluntary act and deed.
I HEREBY CERTIFY that the foregoing document consists of three
(3) pages including this page, and that the parties and their
witnesses signed their names and on one (1) parcel of land
covered by OCT No. 3973 of the Registry of Deeds for Puerto
Princesa
IN WITNESS WHEREOF, I have hereunto set may hand and affixed
my notarial seal this ____ day of ____________ 2015.

Atty. MAE JOYCE S. MAGBANUAANJALIN


NOTARY PUBLIC FOR PALAWAN AND
PUERTO PRINCESA CITY
UNTIL DECEMBER 31, 2016
PTR No. 2642457 5/13/15; Palawan
IBP No. 100856 4/22/15; Pasig City
Roll No. 64093
Doc. No. ____;
Page No. ____;
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Book No. ____;


Series of 2015.

4 | Page

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