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    Contract To Sell Land With Existing Improvements

    Uploaded by

    Shirley Bonilla
    The document is a contract to sell land and a resort located on the land. It establishes that the first party intends to sell the property and resort to the second party. It outlines terms of the sale such as payment of earnest money and deadlines for the second party to comply with deeds of absolute sale. It also details obligations of the parties and acknowledges their authorization to enter the contract.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Contract To Sell Land With Existing Improvements

    Uploaded by

    Shirley Bonilla
    37 views3 pages
    The document is a contract to sell land and a resort located on the land. It establishes that the first party intends to sell the property and resort to the second party. It outlines terms of the sale such as payment of earnest money and deadlines for the second party to comply with deeds of absolute sale. It also details obligations of the parties and acknowledges their authorization to enter the contract.

    Original Title

    Contract to Sell Land With Existing Improvements

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    The document is a contract to sell land and a resort located on the land. It establishes that the first party intends to sell the property and resort to the second party. It outlines terms of the sale such as payment of earnest money and deadlines for the second party to comply with deeds of absolute sale. It also details obligations of the parties and acknowledges their authorization to enter the contract.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    37 views3 pages

    Contract To Sell Land With Existing Improvements

    Uploaded by

    Shirley Bonilla
    The document is a contract to sell land and a resort located on the land. It establishes that the first party intends to sell the property and resort to the second party. It outlines terms of the sale such as payment of earnest money and deadlines for the second party to comply with deeds of absolute sale. It also details obligations of the parties and acknowledges their authorization to enter the contract.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    You are on page 1of 3

    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.

    1
    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

    2
    Doc. No. ______;
    Page No.______;
    Book No.______;
    Series of _______

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