Contract To Sell Sample

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CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This Contract to Sell is hereby made and executed by and


between:

__________________ of legal age, Filipino Citizen, married to


________________, with residence and postal address at
__________________, hereinafter called as the VENDOR;

-and-

_____________________, likewise of legal age, Filipino Citizen single


with residence and postal address at ________________________
hereinafter called as the VENDEE;

-WITNESSETH-

WHEREAS, the VENDOR is the Registered owner of that real


property specifically described as _____________

WHEREAS, the VENDOR offered to sell the above described real


estate property with improvements thereon and the VENDEE offered to
purchase the same;

The terms, conditions and associated stipulations of this


agreement shall be as follows:

1- The parties hereto have mutually agreed and covenanted that


the purchase price for the herein subject real estate property
shall be in the Sum of Pesos: __________________________ (Php.
____________), in Phil. Currency, payable in the following
manner:

1.1. The downpayment shall be Php. _______________


payable on ________________.

1.1.1 The said dowpayment shall be paid by the


VENDEE to the VENDOR in cash or
manager’s check upon the signing of this
contract as initial downpayment for the
purchase of the subject property.

1.2 The remainder balance in the amount of


________________ shall be payable in _____ (___)
tranches which shall be as follows:

1.2.1 Php. 100,000.00 on


_________________.
1.2.2 Php. 100,000.00 on
________________.
1.2.3 Php. 100,000.00 on
________________
1.3 That the remainder balance shall be paid not later
than _______________.

1.4 The VENDOR hereby warrants and guarantees to


annotate this Contract to Sell at the back of the
title for transparency and convenience. And inform
the ______________ in regard to the sale.

2- Upon full payment of the VENDEE to herein VENDOR, the


VENDOR, together with her heirs, assigns and successors-in-
interest shall faithfully execute a Deed of Absolute Sale over the
herein subject real property unto and in favor of the VENDEE,
and deliver the same together with the original Transfer
Certificate of Title to the VENDEE in all goodfaith and trust,
without need for further demand;

3- The parties hereto mutually agree that any and all expenses
and taxes such as Documentary Stamp Tax, Capital Gains,
Transfer Fees and titling shall be shouldered by VENDEE until
the subject property is fully transferred to their name in
accordance with law;

4- In the event of failure of payments or bounced checks, the


VENDOR shall have the right to initiate action either civil,
criminal or in the alternative.

5- Failure of payments and non compliance with the stipulations


of this contract shall be a ground for termination and forfeiture
of payments in favor of the VENDEE as compensation and
opportunity loss.

WHEREAS, this Contract being the law between the parties and
shall be valid and binding amongst them insofar as all the stipulations
herein above stated. Any and all revisions and/or changes on the
stipulations stated herein must be in writing and must be mutually
agreed upon by both parties otherwise it shall remain to be valid to the
fullest extent of the law;

IN WITNESS WHEREOF, the Parties hereto lay their hands and


affix their customary signature this _______________________, in the City
of _____________________.

_________
VENDOR

With marital conformity:

_________________
SPOUSE
___________________________
Vendee

SIGNED IN THE PRESENCE OF:

__________________________ ________________________

REPUBLIC OF THE PHILIPPINES)


PARANAQUE CITY )S.S.

BEFORE ME, a Notary Public in and for the above jurisdiction this
_____________________ personally appeared:

NAME Govt. issued ID No. Issued


by

who are known to me and to me known to be the same individual who


executed the foregoing Contract to Sell and acknowledged before me,
that the same is their free and voluntary act and deed. This instrument
consists of three (3) pages including this page where this
acknowledgment is hereby written.

WITNESS MY HAND AND NOTARIAL SEAL.

Doc. No._______;
Page No._______;
Book No._______:
Series of 2022.

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