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    Contract To Sell: (Note: Terms and Conditions Below Are Sample Only, Please Revise)

    Uploaded by

    nazzer
    This document is a contract to sell a parcel of land from the seller to the buyer. It outlines the key terms of the sale, including the location and size of the land, the total sale price of PHP 1,000,000 to be paid in installments, with PHP 300,000 as earnest money up front and the remaining PHP 700,000 due on a specified date. It also specifies that expenses like taxes will be covered by either the seller or buyer and that the deed of sale and property ownership documents will be transferred once full payment is received. Both parties and witnesses have signed the contract agreeing to these terms.

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

    Contract To Sell: (Note: Terms and Conditions Below Are Sample Only, Please Revise)

    Uploaded by

    nazzer
    126 views3 pages
    This document is a contract to sell a parcel of land from the seller to the buyer. It outlines the key terms of the sale, including the location and size of the land, the total sale price of PHP 1,000,000 to be paid in installments, with PHP 300,000 as earnest money up front and the remaining PHP 700,000 due on a specified date. It also specifies that expenses like taxes will be covered by either the seller or buyer and that the deed of sale and property ownership documents will be transferred once full payment is received. Both parties and witnesses have signed the contract agreeing to these terms.

    Original Description:

    sample form for contract to sell

    Original Title

    Contract to Sell

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    This document is a contract to sell a parcel of land from the seller to the buyer. It outlines the key terms of the sale, including the location and size of the land, the total sale price of PHP 1,000,000 to be paid in installments, with PHP 300,000 as earnest money up front and the remaining PHP 700,000 due on a specified date. It also specifies that expenses like taxes will be covered by either the seller or buyer and that the deed of sale and property ownership documents will be transferred once full payment is received. Both parties and witnesses have signed the contract agreeing to these terms.

    Copyright:

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

    Contract To Sell: (Note: Terms and Conditions Below Are Sample Only, Please Revise)

    Uploaded by

    nazzer
    This document is a contract to sell a parcel of land from the seller to the buyer. It outlines the key terms of the sale, including the location and size of the land, the total sale price of PHP 1,000,000 to be paid in installments, with PHP 300,000 as earnest money up front and the remaining PHP 700,000 due on a specified date. It also specifies that expenses like taxes will be covered by either the seller or buyer and that the deed of sale and property ownership documents will be transferred once full payment is received. Both parties and witnesses have signed the contract agreeing to these terms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    CONTRACT TO SELL

    KNOW ALL MEN BY THESE PRESENTS:

    This CONTRACT TO SELL, made and executed this 21st day of September, 2019 by and
    between:

    (NAME OF SELLER /VENDOR), of legal age, single/married to (Name of spouse if


    any), Filipino, and with residence and postal address at (Address), hereinafter referred to as
    the "SELLER/VENDOR";

    -AND-

    (NAME OF BUYER/VENDEE), Filipino and with residence and postal address at


    (Address), hereinafter referred to as the "BUYER/VENDEE".

    WITNESSETH;

    WHEREAS, the SELLER/VENDOR is the absolute and registered owner of a parcel of


    land consisting of LAND AREA IN WORDS (000) square meters, more or less, located at
    (Address of property to be sold) and covered by Transfer Certificate of Title No. (TCT Number)
    issued by the Registry of Deeds of (Name of Town or City);

    WHEREAS, the BUYER/VENDEE has offered to buy and the SELLER /VENDOR 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 (Amount in words) (Php:
    000,000.00) Philippine Currency, and of the covenants herein after set forth
    the SELLER/VENDOR agrees to sell and the BUYER/VENDEE agrees to buy the aforesaid
    property subject to the following terms and conditions: (Note: Terms and Conditions below
    are sample only, please revise)

    1. The total consideration shall be One Million (Php: 1,000,000.00) PESOS, Philippine
    Currency, payable as follows:
    a) The amount of THREE HUNDRED THOUSAND (Php: 300,000.00) PESOS, representing
    earnest money shall be payable by the BUYER/VENDEE to the SELLER/VENDOR upon
    signing of this Contract to Sell;

    b) The remaining balance in the amount of SEVEN HUNDRED THOUSAND (Php: 700,000.00)
    PESOS, shall be paid in Cash on or before ___________, 20__.

    c) In case the check representing the payment for the balance provided in paragraph b hereof,
    is dishonored by the drawee bank, the earnest money in the amount of THREE HUNDRED
    THOUSAND (Php: 300,000.00) PESOS, shall be forfeited in favor of the SELLER/VENDOR.
    2. Capital Gains Tax and Real Estate Tax, shall be for the account of the SELLER/VENDOR;

    3. Documentary Stamps Tax, Registration Fee, registration expenses, and all other
    miscellaneous fees and expenses shall be to the account of the BUYER/VENDEE;
    4. Possession to the subject property shall be delivered by the SELLER/VENDOR to
    the BUYER/VENDEE upon full payment of the total consideration;

    5. Upon full payment of the total price, the SELLER/VENDOR shall sign and execute a DEED
    OF ABSOLUTE SALE in favor of the BUYER/VENDEE. The SELLER/VENDOR 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/VENDOR to the BUYER/VENDEE.

    IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this ___ day of
    ____________, 20__ at ______________________, Philippines.

    (SELLER/VENDOR) (BUYER/VENDEE)
    Name Name

    WITH MARITAL CONSENT:

    ________________________ _________________________
    Name of Seller/Vendor's Spouse Name of Buyer/Vendee's Spouse

    SIGNED IN THE PRESENCE OF:

    __________________________ ____________________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES)


    _____________________________ ) SS.

    BEFORE ME, a Notary Public, this ____________day of ________________, personally appeared


    the following:

    Name CTC Number Date/Place Issued

    (Name of Seller/Vendor) 10000000 February 5, 20__ / Pasay City


    (Name of Buyer/Vendee) 10000000 January 14, 20__ / Quezon City

    This instrument, consisting of ___ page/s, 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.

    IN WITNESS WHEREOF, I have hereunto set my hand the day, year and place above written.

    Notary Public
    Doc. No. ........;
    Page No. .......;
    Book No. .......;
    Series of 20__.

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