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    Moa

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    lynnbeth
    This document is a contract to sell a parcel of land from the seller to the buyer. It outlines the key terms of the sale, including the property location and size, purchase price, payment terms with an initial down payment and deadline for the remaining balance, responsibilities for taxes, and agreement that the seller will sign a deed of sale and transfer documents upon full payment to transfer ownership. Both parties and witnesses have signed agreeing to the terms.

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    © All Rights Reserved
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    Moa

    Uploaded by

    lynnbeth
    752 views2 pages
    This document is a contract to sell a parcel of land from the seller to the buyer. It outlines the key terms of the sale, including the property location and size, purchase price, payment terms with an initial down payment and deadline for the remaining balance, responsibilities for taxes, and agreement that the seller will sign a deed of sale and transfer documents upon full payment to transfer ownership. Both parties and witnesses have signed agreeing to the terms.

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    moa

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    This document is a contract to sell a parcel of land from the seller to the buyer. It outlines the key terms of the sale, including the property location and size, purchase price, payment terms with an initial down payment and deadline for the remaining balance, responsibilities for taxes, and agreement that the seller will sign a deed of sale and transfer documents upon full payment to transfer ownership. Both parties and witnesses have signed agreeing to the terms.

    Copyright:

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

    Moa

    Uploaded by

    lynnbeth
    This document is a contract to sell a parcel of land from the seller to the buyer. It outlines the key terms of the sale, including the property location and size, purchase price, payment terms with an initial down payment and deadline for the remaining balance, responsibilities for taxes, and agreement that the seller will sign a deed of sale and transfer documents upon full payment to transfer ownership. Both parties and witnesses have signed agreeing to the terms.

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

    MEMORANDUM OF AGREEMENT

    KNOW ALL MEN BY THESE PRESENTS:

    This CONTRACT TO SELL, made and executed this ____ day of _________, 20__ by and between:

    (NAME OF SELLER /VENDOR), of legal age, single/married to (Name of spouse if any), Filipino, and
    with residence and postal address at (Address), hereinafter referred to as the "SELLER/VENDOR";

    -AND-

    (NAME OF BUYER/VENDEE), Filipino and with residence and postal address at (Address), hereinafter referred to as
    the "BUYER/VENDEE".

    WITNESSETH;

    WHEREAS, the SELLER/VENDOR is the absolute and registered owner of a parcel of land consisting of LAND AREA IN
    WORDS (000) square meters, more or less, located at (Address of property to be sold) and covered by Transfer Certificate of
    Title No. (TCT Number) issued by the Registry of Deeds of (Name of Town or City);

    WHEREAS, the BUYER/VENDEE has offered to buy and the SELLER /VENDOR has agreed to sell the above
    mentioned property under the terms and conditions herein below set forth;

    NOW THEREFORE, for and in consideration of the total sum of (Amount in words) (Php: 000,000.00) 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: (Note: Terms and Conditions below are
    sample only, please revise)

    1. A reservation fee of ________________________ was paid for the above-described property on ____________________. The
    reservation for the property is good only for a period of thirty (30) calendar days from my/our payment of the Reservation
    Fee, or from ______________ up to ______________ (the “Reservation Period”). I/We understand that the Reservation Fee is non-
    refundable. Should I/we decide to cancel my/our reservation herein, or should I/we fail or be unable to pay the amount due
    on due date stipulated, whether such failure or inability to pay is due to my/our decision not to proceed with my/our
    purchase of the property or due to a delay in the release of the loan proceeds to be used to finance my/our purchase of the
    property or for any reason whatsoever, I/we agree that my/our reservation shall lapse and my/our Reservation Fee shall
    be forfeited in favor of the Seller.

    2. The total consideration shall be One Million (Php: 1,000,000.00) PESOS, Philippine Currency, payable as follows:

    a) The amount of THREE HUNDRED THOUSAND (Php: 300,000.00) PESOS, representing downpayment 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 HUNDRED THOUSAND (Php: 700,000.00) PESOS, shall be paid in Cash
    on or before ___________, 20__.

    c) In case the check representing the payment for the balance provided in paragraph b hereof, is dishonored by the drawee
    bank, the earnest money in the amount of THREE HUNDRED THOUSAND (Php: 300,000.00) PESOS, shall be forfeited in
    favor of the SELLER/VENDOR.
    3. Capital Gains Tax and Real Estate Tax, shall be for the account of the SELLER/VENDOR;

    4. Documentary Stamps Tax, Registration Fee, registration expenses, and all other miscellaneous fees and expenses shall be
    to the account of the BUYER/VENDEE;

    5. Possession to the subject property shall be delivered by the SELLER/VENDOR to the BUYER/VENDEE upon full
    payment of the total consideration;
    6. Upon full payment of the total price, the SELLER/VENDOR shall sign and execute a DEED OF ABSOLUTE 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 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 have hereunto affixed their signatures, this ___ day of ____________, 20__ at
    ______________________, Philippines.

    (SELLER/VENDOR) (BUYER/VENDEE)
    Name Name

    WITH MARITAL CONSENT:

    ________________________ _________________________
    Name of Seller/Vendor's Spouse Name of Buyer/Vendee's Spouse

    SIGNED IN THE PRESENCE OF:

    __________________________ ____________________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES)


    _____________________________ ) SS.

    BEFORE ME, a Notary Public, this ____________day of ________________, personally appeared the following:

    Name CTC Number Date/Place Issued

    (Name of Seller/Vendor) 10000000 February 5, 20__ / Pasay City


    (Name of Buyer/Vendee) 10000000 January 14, 20__ / Quezon City

    This instrument, consisting of ___ 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.

    IN WITNESS WHEREOF, I have hereunto set my hand the day, year and place above written.

    Notary Public

    Doc. No. ........;


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

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