Conditional Contract To Sell

CONDITIONAL CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT made and entered into in San Pedro City, Philippines, this ____ day of
November, 2019 by and between:
(NAME OF SELLER /VENDOR), of legal age, single/married and with residence and postal
address at (Address), hereinafter referred to as the "SELLER/VENDOR";
-AND-
(NAME OF BUYER/VENDEE), of legal age and with residence at (Address), hereinafter

referred to as the "BUYER/VENDEE".
WITNESSETH: THAT
WHEREAS, the SELLER/VENDOR is the absolute and registered owner of a house and lot
located at ______, with an area of ______ square meters, covered by Transfer Certificate of Title No.
(TCT Number) issued by the Registry of Deeds of (Name of Town or City);
WHEREAS, the BUYER/VENDEE would like to avail the said property through PAG-IBIG;
WHEREAS, the SELLER/VENDOR is willing to grant the BUYER/VENDEE this request;
NOW THEREFORE, for and in consideration of the foregoing premises, the

SELLER/VENDOR agrees to sell ad the BUYER/VENDEE agrees to buy the above describes house
and lot under the following terms and conditions:
1. The BUYER/VENDEE shall apply the house and lot purchase loan with PAG-IBIG in the
amount of FOUR MILLION PHILIPPINE PESOS ( PHP 4,000,000.00) to pay the
SELLER/VENDOR for the house and lot. The proceeds/check of the PAG-IBIG loan shall be
paid in the name of SE
1. The total consideration shall be One Million (Php: 1,000, 000.00) PESOS, Philippine Currency,
payable as follows:
a) The amount of THREE HUNDRED THOUSAND (Php: 300,000.00) PESOS, representing earnest
money shall be payable by the BUYER/VENDEE to the SELLER/VENDOR upon signing of
this Contract to Sell;
b) The remaining balance in the amount of SEVEN HUNDRED THOUSAND (Php: 700,000.00) PESOS,
shall be paid in Cash on or before ___________, 20__.
c) In case the check representing the payment for the balance provided in paragraph b hereof, is
dishonored by the drawee bank, the earnest money in the amount of THREE HUNDRED THOUSAND
(Php: 300,000.00) PESOS, shall be forfeited in favor of the SELLER/VENDOR.
2. Capital Gains Tax and Real Estate Tax, shall be for the account of the SELLER/VENDOR;
3. Documentary Stamps Tax, Registration Fee, registration expenses, and all other miscellaneous
fees and expenses shall be to the account of the BUYER/VENDEE;
4. Possession to the subject property shall be delivered by the SELLER/VENDOR to
the BUYER/VENDEE upon full payment of the total consideration;
5. Upon full payment of the total price, the SELLER/VENDOR shall sign and execute a DEED OF
ABSOLUTE SALE in favor of the BUYER/VENDEE. The SELLER/VENDOR 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/VENDOR to the BUYER/VENDEE.
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this ___ day of
____________, 20__ at ______________________, Philippines.
(SELLER/VENDOR) (BUYER/VENDEE)
Name Name
WITH MARITAL CONSENT:
________________________ _________________________
Name of Seller/Vendor's Spouse Name of Buyer/Vendee's Spouse
SIGNED IN THE PRESENCE OF:
__________________________ ____________________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)

_____________________________ ) SS.
BEFORE ME, a Notary Public, this ____________day of ________________, personally appeared the
following:
Name CTC Number Date/Place Issued
(Name of Seller/Vendor) 10000000 February 5, 20__ / Pasay City

(Name of Buyer/Vendee) 10000000 January 14, 20__ / Quezon City
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.
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__.

Conditional Contract To Sell

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CONDITIONAL CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

(NAME OF BUYER/VENDEE), of legal age and with residence at (Address), hereinafter

WHEREAS, the SELLER/VENDOR is willing to grant the BUYER/VENDEE this request;

NOW THEREFORE, for and in consideration of the foregoing premises, the

WITH MARITAL CONSENT:

SIGNED IN THE PRESENCE OF:

REPUBLIC OF THE PHILIPPINES)

Name CTC Number Date/Place Issued

(Name of Seller/Vendor) 10000000 February 5, 20__ / Pasay City

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