Conditional Deed of Sale

CONDITIONAL DEED OF SALE

 

KNOW ALL MEN BY THESE PRESENTS:

 

This DEED OF ABSOLUTE SALE is entered into and executed by and between:

 

{ }, of legal age, married to { }, Filipinos, with residence at { }, Philippines, with the authority to sell parcel of land without improvements herein represented by their { } by virtue of Notarized Special Power of Attorney are hereinafter referred to as the VENDOR/ TRANSFEROR;

 

-AND-

 

{ }, of legal age, Filipina, married to { }, of legal age, Filipino and presently residing at { }, Philippines hereinafter referred to as VENDEES/ TRANSFEREES.

 

WITNESSETH:

 

The VENDORS/ TRANFERORS are the owner of a lot and parcel of land and its improvements as evidenced by Transfer Certificate Title no: { } (Annex “A”) particularly described as follows:

 

Owner: { }, of legal age, married to { }

 

Address: { }, Philippines

 

DESCRIPTION OF THE LAND

Lot { }

{ }

{ }

 

WHEREAS, the VENDORS desire to sell the aforementioned property and the VENDEES agree and promises to buy the aforementioned property including the improvements therein.

 

WHERAS, the VENDEES are interested to purchase the above described property subject to the following terms and conditions.

 

1. A selling price agreed by both parties is Php { }.

 

2. A down payment of Php { } will be paid by the VENDEES to the VENDOR upon execution of this agreement and the remaining amount will be paid thru post-dated checks and as follows:

 

1. Php { } on { };

2. Php { } on { };

3. Php { } on { }; and

4. Php { } on { }.

 

3. The initial down payment will be paid by the VENDEES to Vendor’s Authorized representative in the form of bank check.

 

4. The VENDEES will issue four (4) postdated checks in favor of VENDEE’s and/or to his Atty.-in- Fact upon presentation of latest notarized Special Power of Attorney.

 

5. The VENDORS will shoulder all the payments for Capital Gain Tax, Documentary Stamp Tax, Transfer Tax, Title Processing and other related documents pertaining to Transfer of Ownership.

 

6. The VENDORS shall under take to execute the necessary DEED OF ABSOLUTE SALE in favor of herein VENDEES upon full payment of the above stated purchase price.

 

That the VENDOR complied with the provisions of ART.1623 of the New Civil Code as well as the Land Reform Code of the Philippines.

 

IN WITNESS HEREOF, the parties have hereunto set their hands this ___day of _____________ in the City of Taguig.

 

 

 

{ }

For: { } and { } (by virtue of notarized S.P.A)

Vendor

{ } No. { }

Issued by: { }

 

 

{ }

Vendee

{ } No. { }

Issued by: { }

 

 

Signed in the presence of:

 

 

___________________________ __________________________

 

ACKNOWLEDGEMENT

 

REPUBLIC OF THE PHILIPPINES)

CITY OF TAGUIG ) Sc

x---------------------------------------------x

 

BEFORE ME, appeared the above stated parties showing their Identification documents as stated below their names and known to me as the parties who executed this Absolute Deed of Sale and they acknowledged to me as their free and voluntary act and deed.

 

This document, consist of three (3) pages including this page where this acknowledgement is written, with every page thereof duly signed by the parties including their instrumental witnesses, at the bottom or left margin thereof and seal with notarial seal, refers to a Conditional Deed of Sale of Real Property.

 

Witness my hand and seal this day of ___________________, Taguig City, Philippines.

 

 

 

 

Document No: { }

Page No: { }

Book No: { }

Series of { }