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Affidavit of Undertaking: I, - , of Legal Age, - , Filipino, and Resident of Davao City

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Wen Del

The document is an affidavit of undertaking by a property owner in Davao City, Philippines. It states that: 1) The owner has executed an authority to sell a parcel of land to allow a party to find a buyer. 2) The listed selling price is higher than the amount the owner agrees to receive. 3) Any amount received above what the owner will receive is to go to the party finding the buyer, in addition to their 5% commission.

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Affidavit of Undertaking: I, - , of Legal Age, - , Filipino, and Resident of Davao City

Uploaded by

Wen Del
141 views1 page
The document is an affidavit of undertaking by a property owner in Davao City, Philippines. It states that: 1) The owner has executed an authority to sell a parcel of land to allow a party to find a buyer. 2) The listed selling price is higher than the amount the owner agrees to receive. 3) Any amount received above what the owner will receive is to go to the party finding the buyer, in addition to their 5% commission.

Original Description:

Affidavit of Undertaking relative to Real Estate Agent's Comission

Original Title

Undertaking Seller

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The document is an affidavit of undertaking by a property owner in Davao City, Philippines. It states that: 1) The owner has executed an authority to sell a parcel of land to allow a party to find a buyer. 2) The listed selling price is higher than the amount the owner agrees to receive. 3) Any amount received above what the owner will receive is to go to the party finding the buyer, in addition to their 5% commission.

Copyright:

© All Rights Reserved
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
141 views1 page

Affidavit of Undertaking: I, - , of Legal Age, - , Filipino, and Resident of Davao City

Uploaded by

Wen Del
The document is an affidavit of undertaking by a property owner in Davao City, Philippines. It states that: 1) The owner has executed an authority to sell a parcel of land to allow a party to find a buyer. 2) The listed selling price is higher than the amount the owner agrees to receive. 3) Any amount received above what the owner will receive is to go to the party finding the buyer, in addition to their 5% commission.

Copyright:

© All Rights Reserved
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REPUBLIC OF THE PHILIPPINES)

CITY OF DAVAO) S.S.

AFFIDAVIT OF UNDERTAKING

I, ________________________, of legal age, _________, Filipino, and resident of Davao


City, after having been sworn to in accordance with law, hereby depose and states:

1. I am the registered owner of a certain parcel of land located at


___________________________, covered by Transfer Certificate of Title
No._____________, containing an area of ________________, more or less;

2. I have executed an Authority to Sell in favor of ________________________ for


them to look for a buyer and negotiate the sale of the above-described property;

3. In said Authority to Sell, the negotiable selling price of said property is set at
_________________________. However, I agree and undertake to only receive the
amount of __________________________. Thus, should my property be sold by
said persons higher than______________________, they shall be entitled to receive
the excess thereof. I further undertake to give to them the said excess amount;

4. The said excess amount, should there be, is separate and in addition to the 5%
agent’s commission, both of which are payable upon execution of the Deed of Sale
or Contract to Sell;

IN WITNESS WHEREOF, I have hereunto affixed my signatures this __ day of November


2019 in the City of Davao, Philippines.

______________________
Affiant

SUBSCRIBED AND SWORN to before me this ___ day of November 2019, above-named
persons exhibited to the foregoing identification cards.

Doc. No._______
Page No. _______
Book No._______
Series of 2019.

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