Scribd
Upload
454 views2 pages

Digos Property Sale Agreement Memo

This document is a memorandum of agreement between two parties regarding the sale of a parcel of land. The first party owns a 56,045 square meter property that they have agreed to sell to the second party for PHP 2,000 per square meter. The second party will receive PHP 500 per square meter as a finder's fee, while the first party will receive PHP 1,500 per square meter as the net selling price. Any legal fees will be deducted from the difference between the selling price and the fixed price. The agreement also outlines damages for violations and specifies that any legal actions will be held in the Court of Digos City, Davao del Sur.

Uploaded by

Joy Busmeon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
454 views2 pages

Digos Property Sale Agreement Memo

This document is a memorandum of agreement between two parties regarding the sale of a parcel of land. The first party owns a 56,045 square meter property that they have agreed to sell to the second party for PHP 2,000 per square meter. The second party will receive PHP 500 per square meter as a finder's fee, while the first party will receive PHP 1,500 per square meter as the net selling price. Any legal fees will be deducted from the difference between the selling price and the fixed price. The agreement also outlines damages for violations and specifies that any legal actions will be held in the Court of Digos City, Davao del Sur.

Uploaded by

Joy Busmeon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

MEMORANDUM OF AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This DEED is made and entered into the City of Digos, Davao del Sur,
Philippines, by and between:

_________________________, of legal age Filipino Citizen and a


resident of Davao City, hereinafter referred to as the first PARTY.

AND
____________________________________, both of legal ages , Filipino
Citizen and a resident of Davao City, hereinafter to us the SECOND PARTY;

WITNESSETH:

WHEREAS, the FIRST PARTY are the owners of a parcel of a land


containing an area of FIFTY SIX THOUSAND FORTY FIVE (56,045) SQAURE
METERS, more or less under Transfer Certificate of Title No. ______________
located at _______________________;

WHEREAS, the FIRST PARTY agreed to sell the above-mentioned


property in the amount of TWO THOUSAND PESOS (P2,000.00) PER SQUARE
METER;

WHEREAS, the FIRST PARTY hired _________________ by virtue of


Authority To Sell to find, locate and negotiate investors for the selling of the
above mentioned property and conduct due diligence and legal review of all
transaction of the same;

WHEREAS, the SECOND PARTY is willing to help the FIRST PARTY to


sell the above-mentioned property and shall entitled to receive compensation
sharing of sale.

NOW THEREFORE, for and in consideration of the above mentioned


parties for herby mutually agree and bind themselves to the following, terms and
conditions, to wit:

1. That BOTH PARTIES agreed that the amount of the aforementioned


property shall be TWO THOUSAND (PHP 2,000.00) per square
meter;

2. That the SECOND PARTY shall receive a monetary consideration in


the amount of FIVE HUNDRED (500.00) PESOS per square meter as
finder’s fee from the FIRST PARTY;

3. That the amount of ONE THOUSAND FIVE HUNDRED PESOS


(P1,500.00) per square meter will be due to the FIRST PARTY as the
net selling price of the above mentioned described property;

4. That both parties consent/allow and conform that the legal consulting
due diligence and facilitation fees of ________________________ shall
be the jacked-up price (the difference between the actual selling price of the
property and the fixed price of the seller of P2,000.00 per square meter) as
stated in the authority to negotiate. And the same shall be directly
given by the buyer to ________________________ simultaneous with
the payment of the full actual price.

5. That __________________________ shall facilitate that both parties


shall receive infull the consideration under this agreement.

1|Page
6. That any violations of any party to any provision of this agreement
shall be liable for damages.

7. Venue, any legal action for any controversy over this agreement shall
be the Court of Digos City, Davao del Sur.

IN WITNESS HWEREOF, the parties have hereunto set their hands this ______
day of ______________ in the City of Digos , Davao del Sur;

________________________ ________________________________
First Party Second Party

SIGNED IN THE PRESENCE OF:

1. ___________________________ 2. __________________________

ACKNOWLEDGEMENT
Republic of the Philippines )
Province of Davao del Sur )S.S.
City of Digos )
X==================/

BEFORE ME this ___ day of ____________________at Digos City, personally


appeared to me with their valid id’s as indicated below their names both known to me
to the same person who executed the foregoing instrument and they acknowledged to
me that the same is their own free act and voluntarily deed.

This instrument consists of Three (3) pages in three (3) sheets including this
page on which this acknowledgement is written signed by the parties together with their
instrumental witnesses.

2|Page

You might also like