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CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT TO SELL, made and executed this ____ day of _________,
2018 by and between:

(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 "VENDOR";

-AND-

(VENDEE), Filipino and with residence and postal address at


________________, hereinafter referred to as the " VENDEE".

WITNESSETH;

WHEREAS, the VENDOR is the absolute and registered owner of a


parcel of land consisting of _________________ ( ) square meters, more
or less, located at (Address of property to be sold) and covered by
Transfer Certificate of Title No. (TCT Number) as issued by the Registry of
Deeds of Cebu;

WHEREAS, the VENDEE has offered to buy and the 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 PESOS:


_____________________, (Php: 000,000.00) Philippine Currency, and of
the covenants herein after set forth the VENDOR agrees to sell and the
VENDEE agrees to buy the aforesaid property subject to the following terms
and conditions:
1. The total consideration shall be the sum of PESOS
___________________________ (Php: ________________), Philippine
Currency, payable as follows:

a) ½ or the total amount of ________________________, (PHP


______________) PESOS, representing initial payment shall be payable by
the VENDEE to the VENDOR upon signing of this Contract to Sell;

b) The remaining ½ balance in the amount of


_________________________ PESOS, shall be paid in Cash on or before
__________________________.

2. Capital Gains Tax, and Real Estate Taxes, Documentary Stamp Tax, shall
be for the sole account of the VENDOR;

3. Transfer Tax, Registration Fee, and all other miscellaneous fees and
expenses shall be to the account of the VENDEE;

4. Possession and title to the subject property shall be delivered by the


VENDOR to the VENDEE upon full payment of the total consideration;

5. Upon full payment of the total price, the VENDOR shall sign and
execute a DEED OF ABSOLUTE SALE in favor of the VENDEE. The
VENDOR shall likewise execute and/or deliver any and all documents,
including but not limited to receipts, the original copy of Transfer Certificate
of Title, Tax Declaration, Tax Clearance Certificate and all other documents
necessary for the transfer of ownership from VENDOR to the VENDEE.

IN WITNESS WHEREOF, the parties have hereunto affixed their


signatures, this ______th day of ____________, 20__ at
_____________________________, Philippines.

(VENDOR) ( VENDEE)
Name Name
MARITAL CONSENT:

_____________________ _________________________
Name of Vendor's Spouse Name of Vendee's Spouse

SIGNED IN THE PRESENCE OF:

__________________________ ____________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


________________________ ) SS.

BEFORE ME, a Notary Public, for and in the City/Municipality of


____________, this ___day of ________________, 20____ personally
appeared the following who presented to me the following valid and
acceptable proof of their identities:

Name ID Number Date/Place Issued

This Contract to Sell involves ____ ( ) parcel/s of land. 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, and all the parties have acknowledged to me
that they have read and fully understood the provisions of this contract and
the same is their voluntary act and deed.
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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