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Deed of Absolute Sale of Real Property (Bir)

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Atty Janmar Barrios

Pablo Q. Magallanes agrees to sell a 332 square meter residential lot located in New Busang, Kalibo, Aklan to Feliciano T. Castillo and Charito B. Castillo for a purchase price of 550,000 Philippine pesos. Magallanes represents that he is the legal owner of the lot and can validly transfer ownership to the buyers free of any claims, liens or encumbrances. Charito B. Castillo signs the deed under a general power of attorney granted to her.

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Deed of Absolute Sale of Real Property (Bir)

Uploaded by

Atty Janmar Barrios
102 views3 pages
Pablo Q. Magallanes agrees to sell a 332 square meter residential lot located in New Busang, Kalibo, Aklan to Feliciano T. Castillo and Charito B. Castillo for a purchase price of 550,000 Philippine pesos. Magallanes represents that he is the legal owner of the lot and can validly transfer ownership to the buyers free of any claims, liens or encumbrances. Charito B. Castillo signs the deed under a general power of attorney granted to her.

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DEED OF ABSOLUTE SALE OF REAL PROPERTY (BIR)

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Pablo Q. Magallanes agrees to sell a 332 square meter residential lot located in New Busang, Kalibo, Aklan to Feliciano T. Castillo and Charito B. Castillo for a purchase price of 550,000 Philippine pesos. Magallanes represents that he is the legal owner of the lot and can validly transfer ownership to the buyers free of any claims, liens or encumbrances. Charito B. Castillo signs the deed under a general power of attorney granted to her.

Copyright:

© All Rights Reserved
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
102 views3 pages

Deed of Absolute Sale of Real Property (Bir)

Uploaded by

Atty Janmar Barrios
Pablo Q. Magallanes agrees to sell a 332 square meter residential lot located in New Busang, Kalibo, Aklan to Feliciano T. Castillo and Charito B. Castillo for a purchase price of 550,000 Philippine pesos. Magallanes represents that he is the legal owner of the lot and can validly transfer ownership to the buyers free of any claims, liens or encumbrances. Charito B. Castillo signs the deed under a general power of attorney granted to her.

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© All Rights Reserved
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DEED OF ABSOLUTE SALE OF REAL PROPERTY

KNOW ALL MEN BY THESE PRESENTS:

This DEED OF ABSOLUTE SALE OF REAL PROPERTY (“Deed”), made and


entered into this 16th day of April 2021, in Kalibo, Aklan, by and between:

PABLO Q. MAGALLANES, Filipino, of legal age, and a resident of P-6 C.


Laserna St., Kalibo, Aklan, hereinafter referred to as the “SELLER”;

-AND-

SPOUSES FELICIANO T. CASTILLO AND CHARITO B. CASTILLO, of


legal ages, Filipinos, and a residents of Poblacion, Kalibo, Aklan hereinafter
referred to as the “BUYER”.

WITNESSETH, that-

WHEREAS, the SELLER is the owner of a parcel of residential lot identified as


Lot No. 1945-B-3-A with TD No: 17-01-006-04880 and PIN 038-01-006-05-160 located
at New Busang, Kalibo, Aklan with TCT No: 087-2021000030 and an area of three
hundred thirty two square meters (332 sq.m.). Attached as Annex “A” is a copy of the
Tax Declaration and Annex “B” is a copy of the Transfer Certificate of Title;

WHEREAS, the SELLER desires to sell the whole area of Lot 1945-B-3-A
pertaining to an area of three hundred thirty two square meters (332 sq.m.) and the
BUYER is willing to buy the said lot, particularly with the following boundaries:

North: NE-Lot 1945-b-4


East: SE-Lot 1945-A
South: SW-Lot 1945-B-3-B
West: NW-Lot 1945-B-1

NOW THEREFORE, for and in consideration of the foregoing premises, the


SELLER has agreed to sell, transfer and convey Lot 1945-B-3-A to the BUYER,
subject to the following terms and conditions, to wit:

Section 1. PURCHASE PRICE. The purchase price for the lot consisting of three
hundred thirty two square meters (332 sq.m.), more or less, is FIVE HUNDRED FIFTY
THOUSAND PESOS (P 550,000.00), Philippine Currency.
Section 2. WARRANTIES, REPRESENTATIONS and UNDERTAKING. The SELLER
represents and warrants that he is the absolute, and legal owner of the lot, that he can
validly and legally sell and transfer the ownership of the lot to the BUYER in accordance
with Philippine law and the terms of this final Deed of Sale free from all claims, liens and
encumbrances.

Section 3. MISCELLANEOUS PROVISIONS

3.1. . The BUYER shall take possession of the lot upon execution of this Deed
and may exercise all acts of ownership appurtenant thereto as expressly provided by
law.

3.2. That MRS. CHARITO B. CASTILLO shall sign this Deed acting under a
General Power of Attorney attached as Annex “C”.

IN WITNESS WHEREOF, the parties have hereunto set their hands on the date
and the place first above written.

PABLO Q. MAGALLANES SPS. FELICIANO T. CASTILLO AND


SELLER CHARITO B. CASTILLO
BUYER

ACTING UNDER GENERAL POWER OF ATTORNEY:

MRS. CHARITO B. CASTILLO


Spouse

Signed in the Presence of:

_______________________________ ____________________________
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )


KALIBO, AKLAN                         )S.S.
X---------------------------------------------------------X
                                            
           
BEFORE ME, a Notary Public for and in the above jurisdiction, personally
appeared the following:
 
Name GOVERNMENT ISSUED I.D. Date of Expiry
1. PABLO Q. MAGALLANES  

2. FELICIANO T. CASTILLO

3. CHARITO B. CASTILLO

 
known to me to be the same persons who executed the foregoing instrument and
acknowledged to me that the same is their free and voluntary act and deed.
 
            This document consists of three (3) pages including this page wherein the
acknowledgement appears, signed by the parties and their instrumental witnesses on
each and every page thereof.
 
WITNESS my hand and seal at the place and on the date first above written.

Doc. No. ___;


Page No. ___;
Book No. ___;
Series of 2021.

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