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    Deed of Rescission and Annulment of Sale: Seller/Vendor

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    Yves
    This document is a Deed of Rescission and Annulment of Sale between a seller/vendor and buyer/vendee. It rescinds and annuls a prior Deed of Absolute Sale between the parties for a parcel of land described in the document. The parties mutually agree to rescind the prior deed and declare it without force and effect, authorizing government agencies to rescind and annul the deed upon payment of fees. The document is signed by the parties and witnesses and notarized.

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    Deed of Rescission and Annulment of Sale: Seller/Vendor

    Uploaded by

    Yves
    122 views2 pages
    This document is a Deed of Rescission and Annulment of Sale between a seller/vendor and buyer/vendee. It rescinds and annuls a prior Deed of Absolute Sale between the parties for a parcel of land described in the document. The parties mutually agree to rescind the prior deed and declare it without force and effect, authorizing government agencies to rescind and annul the deed upon payment of fees. The document is signed by the parties and witnesses and notarized.

    Original Title

    DEED OF RESCISSION

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    This document is a Deed of Rescission and Annulment of Sale between a seller/vendor and buyer/vendee. It rescinds and annuls a prior Deed of Absolute Sale between the parties for a parcel of land described in the document. The parties mutually agree to rescind the prior deed and declare it without force and effect, authorizing government agencies to rescind and annul the deed upon payment of fees. The document is signed by the parties and witnesses and notarized.

    Copyright:

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

    Deed of Rescission and Annulment of Sale: Seller/Vendor

    Uploaded by

    Yves
    This document is a Deed of Rescission and Annulment of Sale between a seller/vendor and buyer/vendee. It rescinds and annuls a prior Deed of Absolute Sale between the parties for a parcel of land described in the document. The parties mutually agree to rescind the prior deed and declare it without force and effect, authorizing government agencies to rescind and annul the deed upon payment of fees. The document is signed by the parties and witnesses and notarized.

    Copyright:

    © All Rights Reserved
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    DEED OF RESCISSION AND ANNULMENT OF SALE

    KNOW ALL MEN BY THESE PRESENTS:

    This Deed of Absolute Sale made and entered into by and between:

    _______________________, of legal ages, married, Filipinos, and with residence address


    at ____________________-, hereinafter referred to as the “SELLER/VENDOR”;

    -AND-
     
    _________________ and ___________________, Filipinos, single, of legal ages and
    with residence address at ________________________, hereinafter referred to as the
    “BUYER/VENDEE”;

    WITNESSETH:

    WHEREAS, the parties herein are the same parties that entered into a Deed of Absolute
    Sale identified as Doc. No. 30, Page no. 29, Book no. 5, Series of 2020 of the Notarial Register
    of Notary Public ________________ of _____________, wherein the SELLER/VENDOR, for
    and in consideration of the sum of TWO MILLION FIVE HUNDRED THOUSAND (Php
    2,500,000.00), Philippine Currency, sold to the BUYER/VENDEE a certain parcel of land, with
    improvement, more particularly described as follows:

    Transfer Certificate of Title no. T-2135345

    “A parcel of land (Lot __________________, of the subdivision plan, Psd-07-


    060503, being a portion of Lot 6479-A-2 (LRC) Psd-88074), situated in the
    Barangay of Labangon, City of Cebu, Island of Cebu. Bounded on the NE., along
    line 1-2 by Lot 6479-A-1 (LRC) Psd-88074, on the SE., along line 2-3 by Lot
    6479-B (LRC) Psd-28606 (Existing Road), on the SW., along lines 3-4-5 by Lot
    6479-A-2-B, of the subdivision plan, on the NW., along line 5-6 with legal
    easement of 3.00m wide by Labangon Creek, on the NE., along line 6-1 by Lot
    6479-A-1 (LRC) Psd-88074. (xxx) Containing an area of SEVENTY NINE (79)
    square meters, more or less. (xxx)”

    WHEREAS, the parties have hereto mutually agreed to rescind, annul and declare the
    aforementioned Deed of Absolute Sale as without any force and effect;

            NOW THEREFORE, for and in consideration of the foregoing premises, the parties
    hereto make known, by all these presents, that the aforementioned Deed of Absolute Sale
    involving the above-described property is hereby RESCINDED and ANNULLED, and declare
    the aforementioned Deed of Absolute Sale as without any force and effect and, by these presents,
    authorize the Bureau of Internal Revenue and any other government and private agency, to
    rescind and annul said Deed after payment of the required fees.

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

    Seller/Vendor
     
     

    Seller/Vendor
    Buyer/Vendee

    Buyer/Vendee

    SIGNED IN THE PRESENCE OF:

    __________________ __________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES)


    CEBU CITY )  SS.

    BEFORE ME, a Notary Public, this ____________day of ________________, personally


    appeared the above parties to this Memorandum of Agreement with their respective competent evidence
    of identity.
     
    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.
      
    Doc. No. ___;
    Page No. ___;
    Book No. ___;
    Series of 2020.

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