deed of absolute sale


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deed of absolute sale

  1. 1. DEED OF ABSOLUTE SALE KNOW ALL MEN BY THESE PRESENTS: This Agreement made and executed by and between: _________________, of legal age, married, Filipino citizen, and residing in ____________________, Philippines, hereinafter referred to as the “VENDOR” -and_________________, of legal age, married, Filipino citizen, and residing in ____________________, Philippines, hereinafter referred to as the “VENDEE”. WITNESSETH: WHEREAS, the VENDOR is the absolute owner of a parcel of land situated at Barangay Magayon, Daraga, Albay, and covered by Transfer Certificate of Title No. ____, containing an area of SEVENTY FIVE (75) square meters more or less and more particularly described as follows: TRANSFER CERTIFICATE OF TITLE No. ____ “A Parcel of Land (Lot 1-I of the subdivision survey Psd-05-018586); being a portion of Lot (LRC) Pcs-22207); situated in Barangay Magayon, Municipality of Daraga, Province of Albay, Island of Luzon. Xxxx containing an area of Seventy Five (75) square meters.” xxx WHEREAS, the VENDOR has agreed to sell, and the VENDEE agrees to buy the above-described property, containing an area of SEVENTY FIVE (75) square meters (hereinafter referred to as the “SUBJECT LAND”) for the price and under the terms set forth. NOW THEREFORE, in consideration of the foregoing premises the Parties agreed and hereby agree to the following: 1. Consideration. – The VENDOR hereby acknowledge receipt from the VENDEE the sum of Twenty Thousand Pesos (P20,000.00) Philippine Currency, representing the purchase price, and in consideration therefore the former hereby sell, transfer and convey in a manner absolute and irrevocable unto the latter, his heirs, successors and assigns the Subject Land, free from any lien and or encumbrance. 2. Expenses, Fees, and Taxes. – All expenses, fees for the registration of this Deed of Absolute Sale and the payment of taxes arising from this instrument shall be for the account of the VENDEE. IN WITNESS WHEREOF, the Parties have hereby affixed their signatures this _____day of _______, _____ in _____________, Philippines. _____________________ ___________________ Vendor 1. Witnesses: _____________________________ Vendee 2. _____________________________ ACKNOWLEDGMENT Republic of the Philippines) _____________________) S.s. BEFORE ME, a Notary Public in and for _______________, this ____day of ___________, ____, at ___________________, Philippines, personally appeared the following parties, who exhibited to me their respective Community Tax Certificates and have satisfactorily proven their identities through their respective identification documents, to wit: 1. 2. _________________ with valid ______ID No. _________________ with valid ______ ID No. The above-named parties re the same persons who executed the foregoing Deed of Absolute Sale, consisting of two (2) pages including this page on which this acknowledgment is written, and they acknowledged to me that the same is their free and voluntary act and deed. WITNESS MY HAND AND SEAL this _____day of __________________, ____ in ______________, Philippines. Doc No ____;Page No ____;Book No____;Series of ____. Notary Public