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    Sample Deed of Absolute Sale

    Uploaded by

    Anna Nava
    This document is a Deed of Absolute Sale between a seller and buyer of a 64 square meter parcel of land located in Quezon City. The seller agrees to sell and the buyer agrees to buy the property for a total consideration to be paid in installments. The earnest money will be forfeited if the buyer does not pay the balance by the agreed upon date. Upon full payment, possession of the property will be delivered to the buyer. The deed binds the parties and their heirs and assigns.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Sample Deed of Absolute Sale

    Uploaded by

    Anna Nava
    190 views3 pages
    This document is a Deed of Absolute Sale between a seller and buyer of a 64 square meter parcel of land located in Quezon City. The seller agrees to sell and the buyer agrees to buy the property for a total consideration to be paid in installments. The earnest money will be forfeited if the buyer does not pay the balance by the agreed upon date. Upon full payment, possession of the property will be delivered to the buyer. The deed binds the parties and their heirs and assigns.

    Original Description:

    Deed of Absolute Sale with earnest money provision

    Copyright

    © © All Rights Reserved

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    This document is a Deed of Absolute Sale between a seller and buyer of a 64 square meter parcel of land located in Quezon City. The seller agrees to sell and the buyer agrees to buy the property for a total consideration to be paid in installments. The earnest money will be forfeited if the buyer does not pay the balance by the agreed upon date. Upon full payment, possession of the property will be delivered to the buyer. The deed binds the parties and their heirs and assigns.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    190 views3 pages

    Sample Deed of Absolute Sale

    Uploaded by

    Anna Nava
    This document is a Deed of Absolute Sale between a seller and buyer of a 64 square meter parcel of land located in Quezon City. The seller agrees to sell and the buyer agrees to buy the property for a total consideration to be paid in installments. The earnest money will be forfeited if the buyer does not pay the balance by the agreed upon date. Upon full payment, possession of the property will be delivered to the buyer. The deed binds the parties and their heirs and assigns.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3
    At a glance
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    The document discusses the sale of a property from a seller to a buyer according to certain terms and conditions.

    The total consideration will be paid in two installments - an earnest money payment and the balance payment. The earnest money will be forfeited if the balance is not paid on time.

    The seller is responsible for capital gains tax, realty taxes, and utility bills up to turnover. The buyer is responsible for documentary stamps tax, transfer tax, registration fee and other fees related to transfer of title.

    DEED OF ABSOLUTE SALE

    KNOW ALL MEN BY THESE PRESENTS:

    This Deed of Absolute Sale is made and entered into at ______ City, on this
    _____________of __________, 20__, between:

    ________ , Filipino citizen, of legal age, married, and with postal address
    at ____________________ (hereinafter referred to as SELLER/VENDOR;

    -AND

    ______________, Filipino citizen, of legal age, single, and with postal


    address
    at
    ______________
    (hereinafter
    referred
    to
    as
    the
    BUYER/VENDEE).
    WITNESSETH that:
    WHEREAS, the SELLER is the owner of a parcel of land with improvements,
    consisting of SIXTY-FOUR SQUARE METERS (64 m), more or less, located at
    ______________________ and covered by Transfer Certificate of Title No.
    ________________ issued by the Registry of Deeds of Quezon City, more
    particularly described as follows:
    Transfer Certificate of Title No. _______
    --A PARCEL OF LAND ______________________________.

    WHEREAS, the BUYER has offered to buy and the SELLER has
    agreed to sell the property subject to the terms and conditions set forth
    below:

    1. The total consideration shall be ___________ Philippine


    Currency, (PHP _________) payable as follows:
    a. An amount of ___________ shall be paid by the
    BUYER on 10 March 2015 as EARNEST MONEY, the
    Earnest M0ney Receipt Agreement is attached hereto
    and marked as Annex A.
    b. The balance of ________________shall be paid by
    the BUYER on or before _________.

    Page 1 of 3

    c. The earnest money shall be forfeited in favor of the


    SELLER upon failure of the BUYER to pay the balance
    within the period above-stated.
    2. The capital gains tax, realty taxes, and utility bills if any up to the
    actual turnover of the property to the BUYER shall be for the
    account of and to be paid by the SELLER. Documentary stamps
    tax, transfer tax, registration fee and all other fees related to the
    transfer of the TCT and Tax Declarations shall be for the account of
    the BUYER.

    3. Possession to the subject property shall be delivered by the


    SELLER/VENDOR to the BUYER/VENDEE upon full
    payment of the total consideration;
    4. This Deed of Absolute Sale shall inure to the benefit of and shall be
    binding upon the parties hereto and their respective heirs,
    executors, successors, administrators, and assigns of both parties.
    IN WITNESS WHEREOF, the parties hereto have set their hands at
    Quezon City, Philippines, this _____ day of _____________ 20__.

    SELLER:

    __________________
    TIN ___________

    BUYER:
    ______________________
    TIN ___________

    SIGNED IN THE PRESENCE OF:


    ____________________________ ___________________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES)


    Page 2 of 3

    ________________________ )S.S.

    BEFORE ME, a Notary Public, this ______________


    __________________, personally appeared the following:

    NAME

    PASSPORT NO.

    day

    of

    ISSUE DATE PLACE OF ISSUE

    Known to me and by me known to be the same person s who executed the


    foregoing instrument and they acknowledged to me that the same is their free and
    voluntary act and deed.
    This instrument consists of ______ ( ) pages including this page wherein
    the acknowledgment is written signed by the parties and their instrumental
    witnesses.

    NOTARY PUBLIC
    Doc. No.
    Page No.
    Book No.
    Series of _____.

    Page 3 of 3

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