Deed of Absolute Sale of Fishpond

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DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Absolute Sale is made and entered into by and between:

_________________both of legal age, Filipino citizens, and residents of Brgy.


______________, Philippines ___________________, hereinafter referred to as the
“SELLERS”;

-and-

______________________, both of legal age, Filipino citizens, and residents


of Brgy. ______________, Philippines, hereinafter referred to as the “BUYERS”.

-WITNESSETH-

WHEREAS, the “SELLERS” are the true and absolute owner of a fishpond
located at ___________, Philippines and more particularly described as follows:

“A parcel of fishpond designated ____________.”

WHEREAS, the “SELLERS” offer to sell the above-described parcel of


fishpond with an area of 10,000 square meters, more or less and the herein
“BUYERS” have accepted the offer for the purchase price of the whole fishpond area
in the amount of EIGHT HUNDRED THOUSAND PESOS (Php 800,000.00),
Philippine currency, which is a reasonable price in the locality;

WHEREAS, for and in consideration of the sum of EIGHT HUNDRED


THOUSAND PESOS (Php 800,000.00), Philippine currency, the receipt whereof is
hereby acknowledged from the “BUYERS”, to the entire satisfaction of the
“SELLERS”, the herein “SELLERS” therefore, hereby SELL, TRANSFER, and
CONVEY and by these presents have SOLD, TRANSFERRED and CONVEYED by
way of ABSOLUTE and IRREVOCABLE SALE in favor of the “BUYERS”, the above-
described fishpond with an area of 10,000 square meters, more or less, including all
improvements thereon;

WHEREAS, “SELLERS” agreed to shoulder the expenses for Capital Gains


Tax, Documentary tax, Transfer’s fee, Registration fee;

WHEREAS, before this sale was made in favor of the herein “BUYERS”,
notices to the adjoining owners, possible redemptioners/pre-emptioners were
likewise made but nobody among them signified their intention to buy the aforesaid
fishpond for the price herein mentioned; That this fishpond area is free from any
tenant;

That this instrument may be registered with the office of the Registry of Deeds
for the Province of _________ in accordance with law.

IN WITNESS WHEREOF, the parties have hereunto signed this ___ day of
________________, 2020 at ________, Philippines.

BUYER SELLER
Signed in the presence of:

______________________ ________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


X----------------- ---X

BEFORE ME, a Notary Public in the Municipality of ___, Province of ____ this ___
day of _________________, 2020, personally appeared the above-named parties who have
proven to me their identities through their Valid Identification Numbers, as herein above-
indicated below their names with photographs, both known to me to be the same persons
who executed the foregoing Deed Absolute Sale consisting of two (2) pages including the
page on which this Acknowledgment is written, has been signed by the executing parties and
their witnesses on each and every page thereof and sealed with my notarial seal and they
acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL on the date and place above-written.

Doc. No.: ______;


Page No.: ______;
Book No.: ______;
Series of 2020.

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