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    Deed of Conditional Sale Condominium Unit

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    Sean Arcilla
    Cammile Banzuela agrees to conditionally sell a subdivision lot to Sean Arcilla for 1.2 million pesos. Sean Arcilla will pay 500,000 pesos as earnest money upon signing, and the remaining 700,000 pesos will be due upon Cammile providing clear title to the property. Upon receiving full payment, Cammile will sign a deed transferring full ownership to Sean. Sean will be responsible for taxes and fees associated with the transfer.

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    Deed of Conditional Sale Condominium Unit

    Uploaded by

    Sean Arcilla
    2K views2 pages
    Cammile Banzuela agrees to conditionally sell a subdivision lot to Sean Arcilla for 1.2 million pesos. Sean Arcilla will pay 500,000 pesos as earnest money upon signing, and the remaining 700,000 pesos will be due upon Cammile providing clear title to the property. Upon receiving full payment, Cammile will sign a deed transferring full ownership to Sean. Sean will be responsible for taxes and fees associated with the transfer.

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    Cammile Banzuela agrees to conditionally sell a subdivision lot to Sean Arcilla for 1.2 million pesos. Sean Arcilla will pay 500,000 pesos as earnest money upon signing, and the remaining 700,000 pesos will be due upon Cammile providing clear title to the property. Upon receiving full payment, Cammile will sign a deed transferring full ownership to Sean. Sean will be responsible for taxes and fees associated with the transfer.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views2 pages

    Deed of Conditional Sale Condominium Unit

    Uploaded by

    Sean Arcilla
    Cammile Banzuela agrees to conditionally sell a subdivision lot to Sean Arcilla for 1.2 million pesos. Sean Arcilla will pay 500,000 pesos as earnest money upon signing, and the remaining 700,000 pesos will be due upon Cammile providing clear title to the property. Upon receiving full payment, Cammile will sign a deed transferring full ownership to Sean. Sean will be responsible for taxes and fees associated with the transfer.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 2

    DEED OF CONDITIONAL SALE

    KNOW ALL MEN BY THESE PRESENTS:

    This Deed of Conditional Sale is executed by and between the following, to wit:

    CAMMILE BANZUELA, single, of legal age, Filipino citizen, and with


    address at Calibutbut, Bacolor,, hereinafter called the First Party;

    -and-

    SEAN ARCILLA, single, of legal age, Filipino citizen, and with address at
    Sto. Domingo, Angeles City, hereinafter called the Second Party;

    WITNESSETH, THAT:

    WHEREAS, the First Party is the owner of a subdivision lot which she desires
    to sell to the Second Party under the terms and conditions of this agreement;

    WHEREAS, the Second Party is willing to buy the said subdivision lot under the
    terms and conditions of this agreement;

    NOW, THEREFORE, in consideration of the above premises, the parties herein


    agree as follows:

    The First Party hereby agrees to sell, transfer and convey unto the Second Party
    her full ownership and interest in subdivision lot 29, unit 5c Casa Henerosa, located at
    Manuel Roxas, Trancoville, Baguio City;

    In consideration of the sale of the subject property, the Second Party agrees to pay
    the First Party the total purchase price of One Million and Two Hundred Thousand Pesos
    (P 1,200,000.00), payable as follows:

    a. Earnest money in the amount of Five Hundred Thousand Pesos (P


    500,000.00) payable simultaneous with the signing of this agreement;

    b. The balance of the purchase price in the amount of Seven Hundred Thousand
    Pesos (P700,000.00) shall be payable upon the presentation of the
    subdivision lot certificate of title covering the subject property and in the
    name of the First Party;

    Simultaneous with the payment by the Second Party of the balance of the
    purchase price, the First Party shall sign a Deed of Absolute Sale in favor of the Second
    Party;

    The Second Party shall be responsible for the payment of capital gains tax,
    documentary stamp tax, registration and transfer fees. The First Party shall pay realty
    taxes and association dues up to the date of the execution of the deed of absolute sale.

    The First Party warrants that the property is free of liens and encumbrances.

    IN WITNESS WHEREOF, we have hereunto signed this Deed of Conditional


    Sale this 18th of August, 2020 at Baguio City.

    1
    _________________ ___________________
    Cammile Banzuela Sean Arcilla

    Signed in the presence of:

    ____________________________ ____________________________
    Witness Witness

    ACKNOWLEDGMENT

    In Baguio City on 18th day of August 2020, personally appeared before me, the
    following, to wit:

    Name ID Type /No. Date & Place Issued


    Cammile Banzuela Driver’s license No Quezon City
    1-12-12345
    Sean Arcilla Driver’s license No Tarlac City
    2- 23- 23456

    personally known to me to be the same persons who executed the foregoing deed of
    absolute sale and acknowledged to me under oath that the same is their free act and deed.

    This instrument refers to the Deed of Conditional Sale of a Subdivision Unit which
    consists of two (2) pages including this page where the acknowledgment is written
    and signed by the parties and their instrumental witnesses on the signature page
    and on each and every other page thereof.

    Witness my hand and seal.

    Atty. Ashlene Eve S. Pineda

    Doc. No. 33;


    Page No.45;
    Book No.3;
    Series of 2020.

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