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Deed of Conditional Transfer of Rights

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Anne Secretbox

This document is a Deed of Conditional Transfer of Rights between a Transferor/Vendor and a Transferee/Vendee association. The Transferor/Vendor conditionally sells, transfers and conveys all rights and title over a parcel of land to the Transferee/Vendee for the amount of PHP 500,000 to be paid as a down payment, and PHP 700,000 to be paid in installments. Title over the property remains with the Transferor/Vendor until full payment is made, at which point an Absolute Deed of Transfer will be executed to pass full title to the Transferee/Vendee.

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Deed of Conditional Transfer of Rights

Uploaded by

Anne Secretbox
2K views3 pages
This document is a Deed of Conditional Transfer of Rights between a Transferor/Vendor and a Transferee/Vendee association. The Transferor/Vendor conditionally sells, transfers and conveys all rights and title over a parcel of land to the Transferee/Vendee for the amount of PHP 500,000 to be paid as a down payment, and PHP 700,000 to be paid in installments. Title over the property remains with the Transferor/Vendor until full payment is made, at which point an Absolute Deed of Transfer will be executed to pass full title to the Transferee/Vendee.

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This document is a Deed of Conditional Transfer of Rights between a Transferor/Vendor and a Transferee/Vendee association. The Transferor/Vendor conditionally sells, transfers and conveys all rights and title over a parcel of land to the Transferee/Vendee for the amount of PHP 500,000 to be paid as a down payment, and PHP 700,000 to be paid in installments. Title over the property remains with the Transferor/Vendor until full payment is made, at which point an Absolute Deed of Transfer will be executed to pass full title to the Transferee/Vendee.

Copyright:

Attribution Non-Commercial (BY-NC)
Download as DOC, PDF, TXT or read online from Scribd
Download as doc, pdf, or txt
2K views3 pages

Deed of Conditional Transfer of Rights

Uploaded by

Anne Secretbox
This document is a Deed of Conditional Transfer of Rights between a Transferor/Vendor and a Transferee/Vendee association. The Transferor/Vendor conditionally sells, transfers and conveys all rights and title over a parcel of land to the Transferee/Vendee for the amount of PHP 500,000 to be paid as a down payment, and PHP 700,000 to be paid in installments. Title over the property remains with the Transferor/Vendor until full payment is made, at which point an Absolute Deed of Transfer will be executed to pass full title to the Transferee/Vendee.

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DEED OF CONDITIONAL TRANSFER OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS: This Deed of Conditional Transfer of Rights is entered into by and between: ____________________, of legal age, Filipino, single and a resident of _______________, Davao City, Philippines, hereinafter referred to as the TRANSF R!R"# ND!R$ and _________________, an asso%iation d&ly established and organi'ed in a%%ordan%e with Philippine laws, with S C Registration No(_____, with b&siness address at ___________________ and herein represented by _______________________ , asso%iation President, of legal age, Filipino, )arried and a resident of ___________________ Street, Davao City, Philippines, hereinafter referred to as the TRANSF R "# ND $ *+TN SS T,: That the TRANSF R!R"# ND!R is the owner"a%t&al o%%&pant"possessor of a lot identified as ___________________, lo%ated at ___________________, Davao City by virt&e of _______________________________( That for and in %onsideration of the s&) of F+# ,-NDR D T,P!-SAND P S!S .P/00,000(001, Philippine C&rren%y, the TRANSF R!R"# ND!R hereby Conditionally S 22S, TRANSF RS, C!N# 3S and *A+# S &nto the TRANSF R "# ND , all his rights, interest and whatever title over the above par%el of land together with the i)prove)ents thereon as well as any and all other i)prove)ents introd&%ed and fo&nd thereon$ while the TRANSF R "# ND is willing to b&y and a%4&ire the sa)e &nder the following ter)s and %onditions: That the a)o&nt of T,R ,-NDR D T,!-SAND P S!S .P 500,000(001 shall be paid by the # ND S to the # ND!R as down6pay)ent$ That the balan%e of T*! ,-NDR D T,!-SAND P S!S .P700,000(001 shall be paid in the following )anner: The a)o&nt of ________ P S!S shall be paid on or before ____, 7008(

The a)o&nt of ________ P S!S shall be paid on or before ____, 700:( That the TRANSFEREE"VENDEE agrees not to sell, %ede, transfer or in any other )anner dispose of the rights and obligations &nder this %ontra%t witho&t prior %onsent of the TRANSFEROR"VENDOR. Title to the Rights over the above6des%ribed property s&b;e%t of this %ontra%t re)ains with the TRANSFEROR/VENDOR and shall pass to and be transferred to the TRANSFEREE/VENDEE only &pon %o)plete pay)ent of the f&ll %onsideration above agreed &pon and the e<e%&tion and signing of the final DEED OF ABSOLUTE TRANSFER OF RIGHTS$ That the TRANSFEROR/VENDOR binds hi)self to e<e%&te the Deed of Absol&te Transfer of Rights in favor of the Transferee"#endee &pon f&ll pay)ent of the agreed %onsideration( +N *+TN SS *, R !F, the parties here&nto set their hands this ____ day of Septe)ber, 7090 in the City of Davao, Philippines(

T!R+2 ________ ,!= !*N RS ASS!C+AT+!N >y: ______________________________ TRANSFEROR/VENDOR TRANSFEREE/VENDEE

Signed in the presen%e of: ____________________ ____________________

R P->2+C !F T, P,+2+PP+N S 1 C+T3 !F DA#A! 1 S(S( < 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 66 6 6 666 6 6 6 <


AC?N!*2 D@= NT

> F!R = , a Notary P&bli% for and in the City of Davao, Philippines, personally appeared ____________________ with Co))&nity Ta< Certifi%ate No( ________________ iss&ed on ________________ at Davao City and __________________ with Co))&nity Ta< Certifi%ate No( ________ iss&ed on
7

_______________ at Davao City, Philippines, who represented the)selves to be the sa)e persons who e<e%&ted the foregoing instr&)ent and they a%Anowledged to )e that the sa)e is their free a%t and deed( This instr&)ent relates to a Deed of Conditional Transfer of Rights %onsisting of three .51 pages, in%l&ding the page on whi%h this a%Anowledg)ent is printed( *+TN SS )y ,AND and S A2 this ___ day of Ban&ary, 7008 at Davao City, Philippines(

Do%( No( _____$ Page No( _____$ >ooA No( _____$ Series of 7090(

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