CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS:
This Contract to Sell is executed on ___________ at _________________ by and
between:
____________________., a duly registered Philippine corporation with
principal address at ___________, represented herein by its President,
_________ ( individually referred to as “the Corporation”);
____________________, Filipino, of legal age, with residence at
_______________ (individually referred to as “Land Owner”);
(who are together referred to as the “FIRST PARTY”);
____________________, Filipino, of legal age, with residence at
_______________ (hereinafter referred to as “”);
- and -
_______________, Filipino, of legal age, with residence at
_______________ (hereinafter referred to as “SECOND PARTY”);
WITNESS THAT:
WHEREAS, Land Owner is the registered owner of a real property covered by
Tax Declaration No. _______with PIN No. _____________, located at
________________, consisting of more or less _______________ sq.m. (hereafter
referred to as “the Property”), with the following boundaries:
North: W: South: E:
East: West:
WHEREAS, the Corporation is the registered owner and operator of a resort
located in the Property with the business name of “___________” (hereafter referred to
as “________”);
WHEREAS, FIRST PARTY intends to offer to sell the Property and Resort to
the SECOND PARTY and the latter expressed intention to buy the same under the
terms and conditions set herein;
NOW THEREFORE, for and in consideration of the sum of
____________Pesos (PhP__________) (hereafter referred to as “Earnest Money”), and
under the terms herein set forth, FIRST PARTY hereby CONTRACTS TO SELL,
TRANSFER and CONVEY their title, rights and interests in the Property and Resort unto
SECOND PARTY, free from liens and encumbrances of any kind whatsoever.
The Parties agree that SECOND PARTY has until _____________ to comply
with the terms of the Deeds of Absolute Sale, copies of which are attached hereto as
Annexes “A” and “B”, to be signed and executed by the Parties herein. Should the Parties
proceed with the sale, then the Earnest Money paid herein shall be considered as
downpayment for the sale of the Property. If, however, the SECOND PARTY fails to do
so, then the Earnest Money shall be forfeited in favor of FIRST PARTY and this
Contract to Sell is thus nullified, rescinded and/or without effect.
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VENDEE undertakes to pay or cause to be paid, in a timely manner as mandated
by law such taxes or fees involved in this transaction.
The Parties warrant that their respective representatives herein are duly authorized
to sign for and in their behalf.
IN WITNESS WHEREOF, the PARTIES have set their hands on the date and
place first above-written.
FIRST PARTY:
___________________________. ______________________
By:
President
SECOND PARTY:
__________________________
SIGNED IN THE PRESENCE OF:
_____________________ _______________________
ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES)
) .SS
In __________City on ____________, personally appeared before me the
following persons, showing unto me an integrally complete instrument/document,
consisting of three (3) pages including this page, such person/s being known to me
personally or through valid ID’s as the same person/s who executed the foregoing
instrument, namely:
Name ID NO. Date & Place Issued
and who represented to me that the above signature was voluntarily affixed by them for
the purposes stated in the instrument/document, and who further acknowledged before
me that they have executed the instrument/document as their free and voluntary act and
deed with authority to sign as representative.
WITNESS MY HAND AND SEAL on the date and place first above written.
NOTARY PUBLIC
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Doc. No. ______;
Page No.______;
Book No.______;
Series of _______
