DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale is made, and executed by;
__________________________________, all Filipino citizen, all of legal
age, with residence and postal address at _______________________,
herein represented by their Attorney in fact, ____________________,
Filipino citizen, of legal age, with residence and postal address at
__________________________, respectively, are hereinafter referred to
collectively as SELLER;
-and-
________________________________, a domestic corporation with
business address at ___________________________ and herein represented
by (Insert representative), hereinafter referred as the BUYER;
WITNESSETH: That
WHEREAS, SELLER is the absolute and registered owner in fee
simple of a parcel of land with TCT No. ______, registered under the
name of ____________________, for the Registry of Deeds of _________,
containing a total area of ________________, more or less;
TCT No. __________
Xxx
WHEREAS, SELLER offered to sell said lot and the BUYER is
willing to buy and has accepted the offer;
NOW therefore, for and in consideration of the foregoing premises,
the parties hereby agree and the stipulate the following:
1. In consideration of the payment by the BUYER of the amount
of _______________________ Philippine currency, receipt of which is hereby
acknowledged by the SELLER, SELLER hereby SELLS, CEDES,
TRANSFERS and CONVEYS by way of absolute sale the above-mentioned
improvement unto the BUYER, their heirs, assigns and successors-in-
interest free from all liens and encumbrances.
2. The SELLER shall turn over pertinent documents to the
BUYER which are required for the payment of taxes due on the sale and
transfer processing of the aforesaid title in the name of BUYER, upon
signing of this Deed, such as but not limited to the original TCT,
1
acknowledgment receipt, special power of attorney, tax clearance and
other pertinent instruments in connection with the sale.
3. The taxes due on the sale and transfer shall be borne by the
BUYER.
4. The SELLER warrants that the land and improvement are
free of liens, encumbrances, claim and/or burden from any third party
and entities, for debt obligation, taxation purposes and all forms of
adverse claims, whatsoever.
5. SELLER shall defend and indemnify BUYER from and against
all third party allegations, claims, actions, suits, demands, damages,
liabilities, losses, settlements, judgments, cost and expenses, including
without limitation, attorney’s fees and costs which arise out of, relate to
or result from any act or omission by the SELLER.
In witness whereof, the parties hereby sign their names this ____
day of ________, 2017 at __________________.
___________________________ ___________________________
SIGNED IN THE PRESENCE OF:
__________________________ __________________________
ACKNOWLEDGEMENT
Republic of the Philippines )
)
Before me, a Notary Public for and in the _______________l, this
_______day of ______________ 2017, personally appeared:
Name Competent Proof of Identity
__________________________ __________________________
2
Known to me to be the same persons who executed the foregoing
instrument and acknowledged to me that the same are their free acts
and voluntary deeds.
This instrument, consisting of ___ (__) 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.
WITNESS MY HAND AND SEAL on this ___day of
__________________2017 at_______________.
Notary Public
Doc. No. ........;
Page No. .......;
Book No. .......;
Series of 2017.
