Sample Conditional Deed of Sale

April 2, 2018 | Author: ethelenegvelasco | Category: Inheritance Tax, Taxes, Government, Politics, Common Law


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1CONDITIONAL DEED OF SALE KNOW ALL MEN BY THESE PRESENTS: This conditional deed of sale entered into this 20th day of April 2012, in the City of Alaminos, Province of Pangasinan, by and between: name, married to name, both of legal age, Filipino, and resident of #25 Zalamea St., DBP Village, Las Pinas City, Metro Manila, hereinafter referred to as VENDOR. name, married to name, both of legal age, Filipino, and resident of Balasibas, Tagudin, Mabini, Pangasinan, hereinafter referred to as VENDEE. WITNESSETH That, the VENDOR do hereby sell, convey, and transfer in a manner absolute and irrevocable unto said VENDEE, his heirs and assigns, for and in consideration of ONE MILLION TWO HUNDRED EIGHTY TWO THOUSNAD PESOS (P1, 281,300.00) Philippine Currency, the property, including improvements therein, situated in Barangay Tagudin, Mabini, Pangasinan, and more particularly described as follows: TRANSFER CERTIFICATE OF TITLE NO. 14851 A parcel of land (Lot 1-B-6) of the subdivision plan (LRA) PSD-371780, approved as a non-subdivision project, being a portion of Lot 1-B, (LRC) PSD-297695, LRC Rec. No. Free Patent, situated in the Barrio of Tagudin, Municipality of Mabini, Province of Pangasinan, Island of Luzon. Bounded on the NW., and NE., points 3 to 5, by property of Jose Banting; on the NE., points 5 to 6, by property of Antonio Estrada; on the SE, points 6 to 1, by Lot 1-B-5; on the SW., points 1 to 2, by lot 1-B-9 (Alley); points 2 to 3, by lot 1-B-8; all of the subdivision plan. Beginning at point marked “1” on plan, being N. 37 deg. 26’E., 1130.10 m. from BLIM No. 3, Mabini, Pangasinan; Thence N. 32 deg. 40’w., 6.00 m. to point 2; Thence N. 32 deg. 39’W., 59.38 m. to point 3; Thence N.52 deg. 06’E., 133.21 m. to point 4; Thence S. 29 deg. 04’E., 33.81 m. to point 5; Thence S. 29 deg. 33’E., 32.04 m. to point 6; Thence S. 52 deg. 06’W., 129.35 m to the point of Beginning containing an area of EIGHT THOUSAND FIVE HUNDRED FORTY TWO (8, 542) Square Meters, more or less x x x. 00 P50. representing another one fourth (1/4th) of the purchase price. 2013 October 30. the remaining balance shall be subjected to an interest rate of 5% per annum. 325. 000. 2013 March 30. 000. The amount of SIX HUNDRED FORTY THOUSAND SIX HUNDRED FIFTY PESOS (P640. Further. 000. 2013 July 30. that in the event that the VENDOR should fail or deliberately refuse to comply with his obligation.000.00) will be paid on the 20th of April 2012 and ONE HUNDRED SEVENTY THOUSAND THREE HUNDRED TWENTY FIVE PESOS (P170. 000. 000.00 is not paid in full on or before November 30. will be paid on the 30th of July 2012.00 P50.00 That in case. 2012 December 30. representing the other half of the purchase price. 000. That. 2013 August 30. 2013 September 30. 000. 2013 June 30. 000. representing one fourth (1/4th) of the purchase price.00 P50.00 P50.00). 2013 February 28. October 30.00 P40. 000. the VENDEE shall be reimbursed of the .2 That the consideration will be paid in the following manner. ONE HUNDRED FIFTY THOUSAND PESOS (P150.00) will be paid. 000. 2013.00 P50.00 P50. payable monthly from the date of expiration of such extension.00 P50. THREE HUNDRED TWENTY THOUSAND THREE HUNDRED TWENTY FIVE PESOS (P320. That the VENDOR shall give the VENDEE absolute and complete control and possession of the subject property and allow the introduction of improvements thereon upon the receipt first payment.00) will be paid on the 7th of May 2012. 650. 325.00 P50. 2013 April 30. 2012 November 30. in instalments according to the following schedule of payments. 2012 January 30. 650. 2013 P50. 000. the remaining balance of 640.00 P50. the VENDEE shall be given 90 days extension to pay the price in full. the purchase price which has been paid shall likewise earn legal interest in favor of the VENDEE.00 P50. in the event the VENDOR fails to comply with his obligation. 2013 May 30. 000. however.00 P50. 650.00 P50. 000. Otherwise. 2013 November 30. documentary stamp tax. I have hereunto set my hand this ____th day of _____2012. IN WITNESS WHEREOF. capital gains tax. __________ Issued on__________ At________________ name VENDEE CTC No. __________ Issued on__________ At________________ SIGNED IN THE PRESENCE OF: __________________________ Witness _______________________ Witness . cost registration. And Finally. at Alaminos City. name (By virtue of the attached Special Power of Attorney) VENDOR CTC No. Province of Pangasinan.3 amount of the purchase price paid. Philippines. cost of improvements as well as beneficial interests and other damages that the VENDEE may suffer. VENDEE shall pay unpaid real estate taxes for 2012. IN WITNESS WHEREOF.4 ACKNOWLEDGMENT Republic of the Philippines) Alaminos City. This document consisting of three (3) pages. BEFORE ME.S. personally appeared name. No. NOTARY PUBLIC UNTIL Dec. ______ and TIN described below thier names. and name. respectively. including the page on which this acknowledgement is written. known to me and to me known to be the same persons who executed the foregoing Conditional Deed of Sale. __________ . and he acknowledge to me that the same is his free act and deed. year and place above written.. __________ Book No. I have hereunto set may hand the day. __________ Page No. has been signed on the left margin of each and every page thereof by the parties and thier witnesses and sealed with my notaries seal. __________ Series No. 31. __________ Issued at __________ On __________ Doc. whose community tax certificate nos. Province of Pangasinan) S. 2012 PTR NO. this ___th day of___ 2012 in the City of Alminos.
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