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    Contract To Sell

    Uploaded by

    Gilden Joy Cequena
    This document is a contract to sell a parcel of land between a vendor and vendee. The vendor agrees to sell a specific lot to the vendee for 255,000 pesos, to be paid in installments. Ownership will transfer to the vendee after full payment, at which point the vendor will provide a deed of sale. The contract outlines payment schedules and conditions for breach of contract.

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    © All Rights Reserved
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    Contract To Sell

    Uploaded by

    Gilden Joy Cequena
    315 views2 pages
    This document is a contract to sell a parcel of land between a vendor and vendee. The vendor agrees to sell a specific lot to the vendee for 255,000 pesos, to be paid in installments. Ownership will transfer to the vendee after full payment, at which point the vendor will provide a deed of sale. The contract outlines payment schedules and conditions for breach of contract.

    Original Description:

    Contract to sell

    Original Title

    Contract-to-Sell

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    © © All Rights Reserved

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    This document is a contract to sell a parcel of land between a vendor and vendee. The vendor agrees to sell a specific lot to the vendee for 255,000 pesos, to be paid in installments. Ownership will transfer to the vendee after full payment, at which point the vendor will provide a deed of sale. The contract outlines payment schedules and conditions for breach of contract.

    Copyright:

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

    Contract To Sell

    Uploaded by

    Gilden Joy Cequena
    This document is a contract to sell a parcel of land between a vendor and vendee. The vendor agrees to sell a specific lot to the vendee for 255,000 pesos, to be paid in installments. Ownership will transfer to the vendee after full payment, at which point the vendor will provide a deed of sale. The contract outlines payment schedules and conditions for breach of contract.

    Copyright:

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

    1

    CONTRACT TO SELL

    Know All Men by These Presents:

    This Contract to Sell is entered into by and between:

    ___________________, Filipino, of legal age, and a resident of


    _____________________ hereinafter referred to as the VENDOR;

    -and-

    ______________________, Filipino, of legal age, and a resident of


    _______________________, hereinafter referred to as the VENDEE.

    WITNESSETH:

    WHEREAS, the VENDOR is the registered owner of a parcel of land, situated in


    ________________ with Lot No. _____, which is more particularly described, to wit:

    “A parcel of land designated as Lot No. _______, of the lot plan,


    __________, being a portion of Lot No. _______ of the Cadastral Survey
    of _________, situated in the _______________, containing an area of
    __________________, more or less, covered by _________ and
    registered in the name of ______.

    WHEREAS, the VENDEE has offered to buy the above-mentioned property and
    the VENDOR has agreed to sell the same;
     
    NOW THEREFORE, for and in consideration of the sum of TWO HUNDRED
    FIFTY-FIVE THOUSAND PESOS (P 255,000.00) Philippine Currency, and of the
    covenants hereinafter set forth, the VENDOR agrees to sell and the VENDEE agree to
    buy the above-described parcel of land subject to the following terms and conditions:

    1. That the VENDEE shall pay the VENDOR the sum of ____________________
    upon the execution of this contract;

    2. The remaining amount of ______________________ shall be paid by the


    VENDEE to the VENDOR on ________________.

    3. Ownership of the property shall retain with the VENDOR until such time that
    the total consideration is fully paid;

    5. Upon full payment of the total consideration, the VENDOR shall sign and
    execute a DEED OF ABSOLUTE SALE in favor of the VENDEE;

    4. The VENDEE has no right to put anything on the said property, unless it’s fully
    paid.

    5. The VENDOR has the right to forfeit the initial payment if the VENDEE fails to
    pay the remaining amount within the said period.
    2

    6. The VENDOR shall not sell, transfer, assign, donate or in any way convey his
    rights, interest, and/or ownership with respect to the above-described property to any
    person.

    7. In case of breach of either party of any obligation under this contract, the
    innocent party may, by giving a notice to the guilty party in writing, a notice of
    rescission, to rescind the said contract extrajudicially;

    8. In case of breach of any obligation arising from this contract, the parties may
    rescind this contract extrajudicially by sending a letter to the above-stated addresses of
    the respective parties stating such reason/breach;

    a. With respect to the breach in the subsequent payments, a period of


    one (1) month from the due date shall be given to the VENDEE before
    the rescission of this contract;

    IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this
    ____________________ at _________, Philippines.

    Vendor Vendee
    ID No: ID No:
    ID Type: ID Type:

    Signed in the presence of:

    ____________________________ ____________________________

    Republic of the Philippines )


    ____________ ) s.c.

    BEFORE ME at ___________, Philippines, this ____________________ this


    Contract, personally appeared the above-named parties with their IDs written below
    their names as competent evidence of their identity. They are known and to me known
    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.

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

    Doc No.
    Page No.
    Book No.
    Series of 20__.

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