This document is a contract to sell a 1,500 square meter parcel of land located in Antipolo, Rizal from the seller Dionisio Mauhay Basilan to the buyer Santo Reality Inc. The contract details a sale price of 10 million pesos, with 3 million pesos paid as earnest money upon signing and the remaining 7 million pesos due by December 31, 2019. The contract specifies responsibilities for taxes, fees, possession details, and documents required to finalize the transfer of ownership from seller to buyer upon full payment.
This document is a contract to sell a 1,500 square meter parcel of land located in Antipolo, Rizal from the seller Dionisio Mauhay Basilan to the buyer Santo Reality Inc. The contract details a sale price of 10 million pesos, with 3 million pesos paid as earnest money upon signing and the remaining 7 million pesos due by December 31, 2019. The contract specifies responsibilities for taxes, fees, possession details, and documents required to finalize the transfer of ownership from seller to buyer upon full payment.
This document is a contract to sell a 1,500 square meter parcel of land located in Antipolo, Rizal from the seller Dionisio Mauhay Basilan to the buyer Santo Reality Inc. The contract details a sale price of 10 million pesos, with 3 million pesos paid as earnest money upon signing and the remaining 7 million pesos due by December 31, 2019. The contract specifies responsibilities for taxes, fees, possession details, and documents required to finalize the transfer of ownership from seller to buyer upon full payment.
This document is a contract to sell a 1,500 square meter parcel of land located in Antipolo, Rizal from the seller Dionisio Mauhay Basilan to the buyer Santo Reality Inc. The contract details a sale price of 10 million pesos, with 3 million pesos paid as earnest money upon signing and the remaining 7 million pesos due by December 31, 2019. The contract specifies responsibilities for taxes, fees, possession details, and documents required to finalize the transfer of ownership from seller to buyer upon full payment.
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CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT TO SELL, made and executed this 12th day of March, 2009, by between:
Dionisio Mauhay Basilan, of legal age, married to Josephine Villamor
Basilan, Filipino, and with residence and postal address at 38 Maple Drive, Rockwell Village, Antipolo, Rizal, Philippines, hereinafter referred to as the “SELLER/VENDOR”:
-AND-
Santo Reality Inc., a corporation duly organized under the laws of the Philippines, with principal office at 123 Rockwell Center, Antipolo, Rizal, Philippines, represented by its President, Ernesto Pogito, hereinafter referred to as the BUYER.
WITNESSETH:
WHEREAS, the SELLER/ VENDOR is the absolute and registered owner of
parcel land, including all structures and improvements thereon, consisting of One Thousand Five Hundred (1,500) square meters, more or less, located at Bo. Hinapao 2 (now San Jose), Antipolo, Rizal, Phase KVH 2, and covered by Transfer Certificate of Title No. P-143, issued by the Registry of Deeds of the Province of Rizal, and more particularly described as follows:
“A parcel of land (Lot 25, Blk.30 of the cons./subd. Plan Pcs-04-005099, being a portion of the cons. Of Lot B, Psd-37723 & psu-180896, LRC Rec No..), situated in the Bo. of Hinapao No.2 (now San Jose), Mun. of Antipolo, Prov. of Rizal, is of Luzon. Bounded on the NE., along line 1-2 by Lot 23, Blk. 30 of the Subd. Plan, along line 2-3 by Juan Panganiban, on the SW., along ine 3-4 by Road Lot 25 and on the NW., along line 4-1 by Road Lot 30, both of the Subd. Plan. Beginning at a point marked :”1” on plan, being N.86 deg. 46’E., 2310.50 m. From BLLM No. 1, Mun. of Antipolo, Rizal; thence S. 82 deg. 35’e., 10.00m. to point 2; thence S.. 10 deg. 32’E., 15.77 m. to point 3; thence N. 82 deg. 35’W., 14.88 m. to point 4; thence N. 7 deg. 25’E., 15.00m. to point of beginning containing an area of ONE THOUSAND FIVE HUNDRED (1,500) SQUARE METERS…”
NOW THEREFORE, for and in consideration of the total sum of Ten Million (Php 10,000,000.00) PESOS, Philippine Currency, and of the covenants herein after set forth, the SELLER/VENDOR agrees to sell and the BUYER/VENDEE agrees to buy the aforesaid property subject to the following terms and conditions:
1. The consideration shall be Ten Million (Php 10,000,000.00) PESOS, Philippine
Currency, payable as follows: a) The amount of THREE MILLION (Php 3,000,000) PESOS, representing earnest money shall be payable by the BUYER/VENDEE to the SELLER/ VENDOR upon signing of this Contract to Sell; b) The remaining balance in the amount of SEVEN MILLION (Php 7,000,000.00) PESOS shall be paid in Cash on or before December 31, 2019; c) In case the check representing for the ballance provided in paragraph (b) hereof, is dishonored by the drawee bank, the earnest money in the amount of THREE MILLION(3,000,000.00) PESOS, shall be forfeited in favor of the SELLER/VENDOR;
2. Capital Gains Tax and Real Estate Tax, shall be for the account of the SELLER/VENDOR;
3. Documentary Stamps Tax, Registration Fee, registration expenses, and all
other miscellaneous fees and expenses shall be to the account of the BUYER/ VENDEE;
4. Possession to the subjet property shall be delivered by the
SELLER/VENDOOR TO THE BUYER/ENDEE upon full payment of the total consideration;
5. Upon full payment of the total price the SELLER/VENDOR shall likewise execute an DEED OF ABSOLUTE OF SALE in favor of the BUYER/VENDEE. The SELLER/VENDOR shall likewise execute and/or deliver any and all documents, including but not limited to the original copy of Transfer Certificate of a Title, Tax Declaration and all other documents necessary for the transfer of ownership from SELLER/VENDOR to the BUYER/VENDEE
IN WITNESS WHEREOF, the parties hereunto affixed their signatures, this
12th day of March, 2009, at Antipolo Rizal, Philippines.
Dionisio Mauhay Basilan Ernesto Pogito
SELER /VENDOR President SANTO REALTY, Inc BUYER/VENDEE
WITH MARITAL CONSENT:
Josephine Villamor Basilan
SPOUSE OR SELLER/VENDOR
SIGNED IN THE PRESENCE OF:
Jonathan Nepomuceno John Paulo Salvahan
(ACKNOWLEDGEMENT)
REPUBLIC OF THE PHILIPPINES)
MAKATI CITY, PHILIPPINES ) ss.
BEFORE ME, a Notary Public for and in the City of Makati, Philippines, this th 10 day of March, 2009, personally appeared the following persons, with their Community Tax Ctrl/ ID (Nos. dates and places of issues) to wit;
Name CTC Number Date/Place Issued
DIONISIO M. BASILAN Sr. Ctrn# 2064305 March 10, 2009/ Antipolo, Rizal SANTO REALTY, Inc- Sr. Ctrn# 52013 March 10, 2009/ Antipolo, Rizal Pres. Ernesto Pogito
Known to me and to me known to be the same persons who executed the
foregoing instrument and acknowledged to me that the same are their free act and voluntary deed.
This instrument, consisting of 3 page(s), including the page on which this
acknowledgment is written, has been signed on the left margin of each and every page thereof by the concerned parties and their witnesses, and sealed with my notarial seal, refers to a “Contract to Sell”
WITNESS MY HAND AND SEAL on the date and at the place written above.
Doc. No 175: Page No. 30: Book No. XVII: Series of 2009 ATTY. VICENTE C. COLLANTES Notary Public for and in Antipolo, Rizal Appointment No. M-155; Roll No.20642 Commission expires on 12-31-09 PTR No. 5930045; 1-12-16; Antipolo, City IBP No. 1032456, 11-20-16, Pasig City TIN: 100-354-555
