CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS:
This Contract to Sell is made and executed and entered into by:
I, Eufemia Espinosa, single, of legal age, Filipino, resident of Barrio of Vargas,
Municipality of Sta. Ignacia, Province of Tarlac, Philippines, hereinafter referred to as the
SELLER;
-AND-
I, Rev. Sarah Yoon, president of PungBuhan Mission Inc. married, of legal age,
resident of Barangay Telabastagan, Municipality of San Fernando, Province of
Pampanga, Philippines, hereinafter referred to as the BUYER;
WITNESSETH;
WHEREAS, the SELLER is the registered owner of a parcel of land with
improvements located at Address of the property for sale in the Philippines and covered
by Transfer Certificate of Title No. 265927 containing a total area of LAND AREA IN
SQUARE METERS (5000sqm) SQUARE METERS, more or less, issued by the Registry of
Deeds of City/Municipality;
WHEREAS, the BUYER has offered to buy and the SELLER 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 THE CONTRACT PRICE
FOR THE PROPERTY FOR SALE (P1,150,000.00) Philippine Currency, and of the
covenants herein after set forth the SELLER agrees to sell and the BUYER agree to buy
the aforesaid property subject to the following terms and conditions:
The total consideration shall be THE CONTRACT PRICE FOR THE PROPERTY FOR
SALE (P1,150,000.00) Philippine Currency, payable through CASH/MANAGERS’
CHECK/WIRE TRANSFER as follows:
1.1. The amount of THE EARNEST MONEY DEPOSIT (P550,000.00) representing
earnest money deposit shall be payable upon execution of this Contract to Sell and shall
be considered part of the total Contract price.
1.2. The remaining balance amounting to THE REMAINING BALANCE (P600,000.00)
PESOS Philippine Currency, shall be payable within TIME FRAME upon execution of this
Contract to Sell.
1.3 In case the BUYERS could not fulfil any of their obligation stated in this Contract To
Sell, the earnest money shall be forfeited in favor of the SELLER.
2. Al pending utility bills, if any, Real Estate Tax up to the time of sale, Capital Gains
Tax, Documentary Stamp Tax, shall be for the account of the SELLER.
3. Notarization fees, Registration Fee, Transfer Fees and all miscellaneous fees and
expenses to transfer the certificate of title in the name of the new owner shall be for the
account of the SELLER;
4. Possession to the subject property shall be delivered by the SELLER to the BUYER
upon full payment of the total consideration;
5. ADDITIONAL TERMS AND CONDITIONS SUCH AS Delivery of the property shall be
given by the SELLER to the BUYER devoid of any religious artefacts, personal belongings
and effects, tenants and any toxic/radioactive substances. Etc.
6. TERMS AND CONDITIONS MAY VARY ON A CASE-TO-CASE BASIS.
CONTRACTING PARTIE MAY ADD, SUBTRACT, EDIT, ANY OR ALL PARTS OF THIS
CONTRACT TO SELL AS THEY SEE FIT
7. Upon full payment of the total price, the SELLER shall sign and execute a DEED OF
ABSOLUTE SALE in favour of the BUYER. The SELLER 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 to the BUYER.
8. In case the SELLER could not fulfil any of the obligations stated in this Contract to Sell,
the BUYER shall be entitled to a full refund plus 10% interest per month.
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this
_____ day of _______________________ 20________ at ___________________________________,
Philippines.
___________________________________ ____________________________
Printed Name and Signature of SELLER Printed Name and Signature of BUYER
_______________________________________ ____________________________________
SIGNED IN THE PRESENCE OF:
_________________________________ ___________________________
Printed Name and Signature of all Witnesses:
_______________________________________ ___________________________
_______________________________________ ___________________________
_______________________________________ ___________________________
_______________________________________ ___________________________
_______________________________________ ___________________________
_______________________________________ ___________________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
_____________________________ ) SS.
BEFORE ME, a Notary Public for and in
________________________________________________________ personally appeared:
Name ID Number Date/Place Issued
Known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that the same are their free act and voluntary deed.
This instrument, consisting of 4 pages, 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.
WITNESS MY HAND AND SEAL on this ______day of
_______________________________20__________ at_____________________________.
Notary Public
Doc. No. ……..;
Page No. …….;
Book No. …….;
Series of 20____.
