Sample Conditional Deed of Sale

August 21, 2017 | Author: ethelenegvelasco | Category: Inheritance Tax, Taxes, Government, Politics, Common Law
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CONDITIONAL 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.


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.


That the consideration will be paid in the following manner; ONE HUNDRED FIFTY THOUSAND PESOS (P150,000.00) will be paid on the 20th of April 2012 and ONE HUNDRED SEVENTY THOUSAND THREE HUNDRED TWENTY FIVE PESOS (P170, 325.00) will be paid on the 7th of May 2012, representing one fourth (1/4th) of the purchase price. THREE HUNDRED TWENTY THOUSAND THREE HUNDRED TWENTY FIVE PESOS (P320, 325.00), will be paid on the 30th of July 2012, representing another one fourth (1/4th) of the purchase price. The amount of SIX HUNDRED FORTY THOUSAND SIX HUNDRED FIFTY PESOS (P640, 650.00) will be paid, representing the other half of the purchase price, in instalments according to the following schedule of payments; October 30, 2012 November 30, 2012 December 30, 2012 January 30, 2013 February 28, 2013 March 30, 2013 April 30, 2013 May 30, 2013 June 30, 2013 July 30, 2013 August 30, 2013 September 30, 2013 October 30, 2013 November 30, 2013

P50, 000.00 P50, 000.00 P50, 000.00 P50, 000.00 P50, 000.00 P50, 000.00 P50, 000.00 P50, 000.00 P50, 000.00 P50, 000.00 P50, 000.00 P50, 000.00 P50, 000.00 P40, 650.00

That in case, the remaining balance of 640, 650.00 is not paid in full on or before November 30, 2013, the VENDEE shall be given 90 days extension to pay the price in full. Otherwise, the remaining balance shall be subjected to an interest rate of 5% per annum, payable monthly from the date of expiration of such extension. That, however, in the event the VENDOR fails to comply with his obligation, the purchase price which has been paid shall likewise earn legal interest in favor of the VENDEE. 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. Further, that in the event that the VENDOR should fail or deliberately refuse to comply with his obligation, the VENDEE shall be reimbursed of the


amount of the purchase price paid, cost of improvements as well as beneficial interests and other damages that the VENDEE may suffer. And Finally, VENDEE shall pay unpaid real estate taxes for 2012, capital gains tax, documentary stamp tax, cost registration. IN WITNESS WHEREOF, I have hereunto set my hand this ____th day of _____2012, at Alaminos City, Province of Pangasinan, Philippines.

name (By virtue of the attached Special Power of Attorney) VENDOR CTC No. __________ Issued on__________ At________________

name VENDEE CTC No. __________ Issued on__________ At________________


__________________________ Witness

_______________________ Witness


ACKNOWLEDGMENT Republic of the Philippines) Alaminos City, Province of Pangasinan) S.S. BEFORE ME, this ___th day of___ 2012 in the City of Alminos, personally appeared name., and name, whose community tax certificate nos. ______ and TIN described below thier names, respectively, 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. This document consisting of three (3) pages, including the page on which this acknowledgement is written, 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. IN WITNESS WHEREOF, I have hereunto set may hand the day, year and place above written.

NOTARY PUBLIC UNTIL Dec. 31, 2012 PTR NO. __________ Issued at __________ On __________ Doc. No. __________ Page No. __________ Book No. __________ Series No. __________

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