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    Contract To Sell Template

    Uploaded by

    Gio Trieste
    This document is a contract for the sale of 87 square meters of land located in Bolabog Beach, Boracay Island, Malay, Aklan, Philippines. The seller agrees to sell the property to the buyer for PHP 4,500,000 to be paid in installments. Upon final payment, the seller will execute a deed of absolute sale transferring ownership to the buyer. The contract specifies payment amounts and due dates, responsibilities for taxes, and terms for possession of the property.

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

    Contract To Sell Template

    Uploaded by

    Gio Trieste
    11K views2 pages
    This document is a contract for the sale of 87 square meters of land located in Bolabog Beach, Boracay Island, Malay, Aklan, Philippines. The seller agrees to sell the property to the buyer for PHP 4,500,000 to be paid in installments. Upon final payment, the seller will execute a deed of absolute sale transferring ownership to the buyer. The contract specifies payment amounts and due dates, responsibilities for taxes, and terms for possession of the property.

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    legal document

    Original Title

    Contract to Sell Template

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    © © All Rights Reserved

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    This document is a contract for the sale of 87 square meters of land located in Bolabog Beach, Boracay Island, Malay, Aklan, Philippines. The seller agrees to sell the property to the buyer for PHP 4,500,000 to be paid in installments. Upon final payment, the seller will execute a deed of absolute sale transferring ownership to the buyer. The contract specifies payment amounts and due dates, responsibilities for taxes, and terms for possession of the property.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    11K views2 pages

    Contract To Sell Template

    Uploaded by

    Gio Trieste
    This document is a contract for the sale of 87 square meters of land located in Bolabog Beach, Boracay Island, Malay, Aklan, Philippines. The seller agrees to sell the property to the buyer for PHP 4,500,000 to be paid in installments. Upon final payment, the seller will execute a deed of absolute sale transferring ownership to the buyer. The contract specifies payment amounts and due dates, responsibilities for taxes, and terms for possession of the property.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    CONTRACT TO SELL

    KNOW ALL MEN BY THESE PRESENTS:

    This AGREEMENT, made and entered by and between:

    _____________________, of legal age, Filipino citizen, with address at


    Bolabog Beach, Boracay Island, Malay, Aklan, 5608 hereinafter called the
    BUYER;

    -AND-

    _____________________, of legal age, a Filipino citizen, with address at


    Bolabog Beach, Boracay Island, Malay, Aklan, 5608 hereinafter called the
    SELLER
    WITNESSETH:

    WHEREAS, the SELLER is the owner of a parcel of land identified as Lot No.
    ______________________ of an area of SIX HUNDRED SIXTY NINE 669 square
    meters, located at Sitio Bolabog, Brgy. Balabag, Malay, Aklan covered by ARP/TD No.
    _________________________.

    WHEREAS, the SELLER has offered to sell and the BUYER has agreed to buy a
    portion or EIGHTY SEVEN (87) square meters of the above mentioned property as
    described in the sketch plan prepared by _______________________ subject to the
    following terms and conditions:

    1. That the consideration of sale shall be in the amount of FOUR MILLION FIVE
    HUNDRED THOUSAND (PHP 4,500,000.00) PESOS, Philippine Currency,
    which shall be paid as follows, to wit:

    a) That the amount of FOUR HUNDRED FIFTY PESOS (Php 450,000.00),


    Philippine Currency, shall be paid upon the signing of this agreement;

    b) That the amount of ONE MILLION EIGHT HUNDRED THOUSAND


    PESOS (Php 1,800,000.00), Philippine Currency, shall be paid on or before
    June 6, 2019; That upon receipt of this 2nd installment, the SELLER shall
    undertake to clear the subject parcel of land and the house standing thereon from
    tenants/boarders/occupants; and that the BUYER shall then be allowed to
    inspect the said subject land and building thereon;

    c) That the balance of TWO MILLION TWO HUNDRED FIFTY


    THOUSAND PESOS (Php 2,250,000.00), Philippine Currency, shall be paid
    on or before June 12, 2019; subject to the conditions that a Certification declaring
    the subject parcel of land as Alienable and Disposable (A & D) is accomplished
    and DEED OF ABSOLUTE SALE is ready;

    2. That a DEED OF ABSOLUTE SALE shall be executed by the SELLER together


    with the conformity of his siblings/relatives indicated in the sketch plan of the
    mother lot of the subject parcel of land upon the full payment of the consideration
    sale of the afore-described parcel of land by the BUYER;
    3. That Capital Gains Tax shall be on the account of the SELLER; While the
    Documentary Stamp Tax, Transfer Tax, Registration fee, assessments, charges,
    notarial fee and other incidental expenses arising from the execution of this
    agreement shall be on the account of the BUYER.

    4. That the BUYER shall take ownership and physical possession over the subject
    parcel of land together with the house/building standing thereon upon the execution
    of the said DEED OF ABSOLUTE SALE;

    WHEREAS, this agreement is made, entered and executed by both parties in good
    faith and any and all stipulations set forth herein shall be duly complied with accordingly.

    IN WITNESS WHEREOF, both parties have hereunto set their hands this
    ______________________ at Malay, Aklan.

    _____________________________
    BUYER

    With my marital conformity:

    ________________________
    SELLER

    Signed in the presence of:

    __________________________ ___________________________

    ACKNOWLEDGMENT

    Republic of the Philippines )


    Municipality of ) S.S.
    x----------------------------------x

    BEFORE ME, this ___________________________ in the Municipality of


    Malay , Province of Aklan, Philippines, personally appeared the following persons below:

    Document Type/No. Valid until

    ________________________ _______________ December 14, 2021

    _______________________

    Known to me to be the same persons who executed the foregoing instrument, and who
    acknowledged to me that the same is their free act and deed.

    WITNESS MY HAND AND SEAL, on the date and place above written.

    Doc. No.: _______;


    Page No.: _______;
    Book No.:_______;
    Series of 2019

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