CONDITONAL DEED of SALE Template (With Rent-To-own) Formatted

CONDITONAL DEED OF SALE
(WITH RENT-TO-OWN AGREEMENT)

KNOW ALL MEN BY THESE PRESENTS:
That this Conditional Deed of Sale (with rent-to-own agreement), executed by and
between:
________________________________________________________ , both of legal age,

Filipinos, and with residence and postal address at ____________________________________,
hereinafter referred to as the FIRST PARTY.
-and-
_________________________________________________________, both of legal age,

Filipino, and with residence and postal address at ____________________________________,
herein after referred to as the SECOND PARTY,
W I T N E S S E T H:
1. THAT the FIRST PARTY is the registered owner of a parcel of land identified as
_______________________ located at ______________________ measuring
____________________ ( ) square meters and covered by Transfer Certificate
of Title No. _________________________of the Register of Deeds of
____________________; together with 1 unit of residential house constructed
thereat;
2. THAT for and in consideration of the sum of _______________________________

(P ), Philippine Currency, the FIRST PARTY hereby agrees to
conditionally sell and transfer to the SECOND PARTY the above-described property
which shall be paid in the following manner:
2.1. PHP ______________ monthly rentals/amortization for a period of

_________ ( ) years
2.2. The additional amount of
____________________________________________ (P ___________) to be
paid in monthly rentals/amortizations of P__________
2.3. That all payments of rentals/amortization shall be by way of post dated
checks to be personally opened and specifically maintained by the SECOND
PARTY for this purpose; and in case of failure, delay or dishonor of any checks
the FIRST PARTY may give the SECOND PARTY only a grace period of
______ ( ) days to redeem or make good on the said checks
2.4. That upon full payment of the aforementioned amounts the FIRST
PARTY shall execute the Absolute Deed of Sale over the said house and lot
3. That the SECOND PARTY shall be responsible for the payment of Real Property
taxes, Capital Gains Tax, Documentary Stamp Tax, and other taxes due to
Government Offices;
4. THAT any necessary improvements, regular maintenance, electricity and water

service expenses and/or accidental damages to be incurred on the premises shall be
charged to the account of and shall be promptly paid by the SECOND PARTY;
5. THAT this agreement shall be in effect for a period of ____ years to be commenced
on _________________ up to ____________________; and the house and lot shall
become the property of the SECOND PARTY by way of absolute ownership upon
full payment of the aforementioned consideration;
6. THAT any violation or non-compliance with the terms and conditions of this
agreement shall be result in rescission or cancellation thereof, and/or the imposition
of ___ % penalty/surcharge for every month of delay or delinquency; and/or the
SECOND PARTY may locate a Third party who can continue the subject agreement;
however the SECOND PARTY shall not be entitled to any refund except those
expressly allowed by law;
IN WITNESS WHEREOF, the parties hereto have hereby set their hands on the
___day of _______________, 2014 at Sta. Maria, Bulacan, Philippines.
First Party First Party

ID No. ID No.
Issued by: Issued by:
Second Party Second Party

ID No. ID No.
Issued by: Issued by:
SIGNED IN THE PRESENCE OF: _______________________ _______________________

(Witnesses)
ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES)

PROVINCE OF BULACAN ) S.S.
Before me appeared personally ___________________ on this ______ day of _____________,

2014, showing their identification documents, the following:
Name ID No./ Issued by Date/Place of Issue

____________________ ________________________ ____________________
____________________ ________________________ ____________________
____________________ ________________________ ____________________
____________________ ________________________ ____________________
Known to me to be the same persons who executed the foregoing CONDITONAL DEED OF
SALE (WITH RENT-TO-OWN AGREEMENT), and they acknowledge the same as their free
act and deed.
This instrument consists of two (2) pages upon which this acknowledgement is written.
WITNESSMY HAND AND SEAL on this _________ day of ___________________, 2014 at
Sta. Maria, Bulacan, Philippines.
Doc No. _____ ________________________

Page No. _____
Book No. _____
Series of 2 0 1 4

CONDITONAL DEED of SALE Template (With Rent-To-own) Formatted

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CONDITONAL DEED of SALE Template (With Rent-To-own) Formatted

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CONDITONAL DEED OF SALE

(WITH RENT-TO-OWN AGREEMENT)

________________________________________________________ , both of legal age,

_________________________________________________________, both of legal age,

2. THAT for and in consideration of the sum of _______________________________

2.1. PHP ______________ monthly rentals/amortization for a period of

4. THAT any necessary improvements, regular maintenance, electricity and water

First Party First Party

Second Party Second Party

SIGNED IN THE PRESENCE OF: _ _

REPUBLIC OF THE PHILIPPINES)

Before me appeared personally _____ on this day of _,

Name ID No./ Issued by Date/Place of Issue

Doc No. _ ____________________

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