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    Deed of Absolute Sale: Seller Buyer

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    Aldrin Solis
    The document is a Deed of Absolute Sale between Joan W. Ibasco and Ramon C. Ibasco as the sellers, and Faustino T. Tesorero Jr. as the buyer. The sellers agree to sell a 50 square meter parcel of land located in Imus City, Cavite to the buyer for PHP 2,800,000. The sellers warrant that they own the property and will transfer title to the buyer. The sellers will pay capital gains tax while the buyer will pay documentary taxes and registration expenses associated with the property transfer.

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    Deed of Absolute Sale: Seller Buyer

    Uploaded by

    Aldrin Solis
    21 views2 pages
    The document is a Deed of Absolute Sale between Joan W. Ibasco and Ramon C. Ibasco as the sellers, and Faustino T. Tesorero Jr. as the buyer. The sellers agree to sell a 50 square meter parcel of land located in Imus City, Cavite to the buyer for PHP 2,800,000. The sellers warrant that they own the property and will transfer title to the buyer. The sellers will pay capital gains tax while the buyer will pay documentary taxes and registration expenses associated with the property transfer.

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    The document is a Deed of Absolute Sale between Joan W. Ibasco and Ramon C. Ibasco as the sellers, and Faustino T. Tesorero Jr. as the buyer. The sellers agree to sell a 50 square meter parcel of land located in Imus City, Cavite to the buyer for PHP 2,800,000. The sellers warrant that they own the property and will transfer title to the buyer. The sellers will pay capital gains tax while the buyer will pay documentary taxes and registration expenses associated with the property transfer.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views2 pages

    Deed of Absolute Sale: Seller Buyer

    Uploaded by

    Aldrin Solis
    The document is a Deed of Absolute Sale between Joan W. Ibasco and Ramon C. Ibasco as the sellers, and Faustino T. Tesorero Jr. as the buyer. The sellers agree to sell a 50 square meter parcel of land located in Imus City, Cavite to the buyer for PHP 2,800,000. The sellers warrant that they own the property and will transfer title to the buyer. The sellers will pay capital gains tax while the buyer will pay documentary taxes and registration expenses associated with the property transfer.

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    DEED OF ABSOLUTE SALE

    KNOW ALL MEN BY THESE PRESENTS:


    This DEED OF ABSOLUTE SALE is made, executed and entered into by:
    JOAN W. IBASCO, of legal age, Filipino married to RAMON C. IBASCO, of legal age, Filipino and both a resident of No. 1 Rosita King St., Barangay 4, Purok 4,
    Daet, Camarines Norte, hereinafter referred to as the “SELLER”.

    -and-

    FAUSTINO T. TESORERO, JR. single, of legal age, Filipino and a resident of Block 1 Lot 13, Montefaro East Village, Carsadang Bago 2, Imus, Cavite, hereinafter
    referred to as the “BUYER”.

            WHEREAS, the SELLER is the absolute and registered owner of a parcel of land together with the house improvements constructed thereon located at Block 31,
    Lot 2, Montefaro West Village, Barangay Bucandala, Imus City, Province of Cavite, with an area of FIFTY SQUARE METERS (50 SQM) more particularly
    described as follows: TRANSFER CERTIFICATE OF TITLE No. 057-2014046188.

    TRANSFER CERTIFICATE OF TITLE No. 057-2014046188

    A PARCEL OF LAND (LOT 2, BLK. 31 OF THE CONS. & SUBD. PLAN, PCS-04-023311 BEING A PORTION OF THE CONSOL. OF LOTS 11559-A, & 1559-B, (LRC), PSD-146883; 1560-B,

    PSD-04-019539, LOTS 1319, 1320 & 1565, IMUS ESTATE, L.R.C. REC. NO. 8843), SITUATED IN BRGY. OF BUCANDALA, MUN. OF IMUS, PROV. OF CAVITE, ISLAND OF LUZON.
    BOUNDED ON THE SE., ALONG LINE 1-2 BY ROAD LOT 35; ON THE SW., ALONG LINE 2-3, BY LOT 3, BLK. 31 BOTH OF THE CONS. & SUBD. PLAN; ON THE NW., ALONG LINE
    3-4 BY LOT 1560-C, PSD-04-019539; AND ON THE NE., ALONG LINE 4-1 BY LOT 1, BLK. 31 OF THE CONS. & SUBD. PLAN BEGINNING AT A PT. MARKED “1” ON PLAN, BEING N.
    89 DEG. 29’E., 252,51 FROM MON. TO NO. 107, IMUS ESTATE; THENCE S. 84 DEG. 15’W., 4.00 M. TO PT. 2; THENCE N. 05 DEG 45’W., 12,5 M. TO PT. 3; THENCE N. 84 DEG. 15’E.,

    4.00 M. TO PT. 4; THENCE S. 5 DEG. 45’E., 12.50 M. TO THE PT. OF BEGINNING, CONTAINING AN AREA OF FIFTY (50) SQ. METERS, MORE OR LESS. ALL PTS. REFERRED TO
    ARE INDICATED ON THE PLAN AND ARE MARKED ON THE GROUND BY P.S., CYL. CONC. MONS. 15X40 CMS; BEARINGS TRUE; DATE OF ORIGINAL SURVEY, JULY 27, 1905

    TO JUNE 11, 1908 AND THAT OF THE CONS. & SUBD. SURVEY, SEPT. 15-30, 2006 & WAS APPROVED ON DECEMBER 11, 2006.

    WHEREAS the SELLER is willing to sell and the BUYER is willing to buy the above mentioned property.
    NOW THEREFORE, for and in consideration of the sum of TWO MILLION EIGHT HUNDRED THOUSAND PESOS ONLY (Php2,800,000.00) Philippine
    Currency, receipt of which is hereby acknowledged, does hereby SELL, TRANSFER, CONVEY and DELIVER in a manner absolute and irrevocable, in favor of the
    BUYER, their heirs, assigns, successors-a-interest, the property above described, free from all liens and/or circumstances whatsoever.
    That the SELLER hereby warrants its title and ownership on the said parcel of land and all improvements thereon per Transfer Certificate of Title No. 057-
    2014046188 herein sold to the BUYER.

    WHEREAS, any and all expenses incidental to the registration and conveyance of the title from the name of the SELLER to the name of the BUYER such as

    Capital Gain Tax shall be for the account of the SELLER, while Documentary Tax, Transfer Tax, Registration Expenses and the like shall be the sole and

    exclusive account of the BUYER.


    NOW THEREFORE, for and in consideration of the above agreement, between the BUYER and the SELLER, the SELLER DO HEREBY SELL, TRANSFER, and

    CONVEY by way of Deed of Absolute Sale unto the said BUYER, his heirs and assigns, the certain parcel of land from all liens and encumbrances of whatever

    nature including real estate taxes as of the date of this deed.

    JOAN W. IBASCO FAUSTINO T. TESORERO, JR.


    SELLER BUYER

    RAMON C. IBASCO
    SELLER/SPOUSE

    SIGNED IN THE PRESENCE OF:

    __________________________ _________________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES)

    _______________________) SS.

    BEFORE ME, a Notary Public, this __________day of __________________, 2021, personally appeared the following:

    Name Competent Evidence of Identity Date/Place Issued


    JOAN W. WONG PAG-IBIG LOYALTY CARD

    1530-0093-6331

    RAMON C. IBASCO DRIVER’S LICENSE

    License No. D16-95-121207

    Expiry: 2024/01/27

    FAUSTINO T. TESORERO, JR. PAG-IBIG LOYALTY CARD

    1210-0447-6800

    1
    This instrument, consisting of two (2) 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.

    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 2021

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