CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT TO SELL, made and executed this ____ day of _________, 20__ by and
between:
_______________________________________(NAME OF SELLER /VENDOR), of legal age,
single/married to (Name of spouse if any), Filipino, and with residence and postal address at
__________________________________________________(Address), hereinafter referred to as
the "SELLER/VENDOR";
-AND-
__________________________________________(NAME OF BUYER/VENDEE), Filipino and
with residence and postal address at _____________________________________________________
(Address), hereinafter referred to as the "BUYER/VENDEE".
WITNESSETH;
WHEREAS, the SELLER/VENDOR is the absolute and registered owner of a parcel of
land consisting of LAND AREA IN WORDS ______________________________________________
square meters, more or less, located at
_______________________________________________________________(Address of property to be
sold) and covered by Transfer Certificate of Title No. _____________________________________(TCT
Number) issued by the Registry of Deeds of _____________________________(Name of Town or
City);
WHEREAS, the BUYER/VENDEE has offered to buy and the SELLER /VENDOR has
agreed to sell the above mentioned property under the terms and conditions herein below set
forth;
NOW THEREFORE, for and in consideration of the total sum of
_________________________(Amount in words) (Php: _____________) Philippine Currency, and of
the covenants herein after set forth the SELLER/VENDOR agrees to sell and
the BUYER/VENDEE agrees to buy the aforesaid property subject to the following terms and
conditions:
1.1. The amount of THE EARNEST MONEY DEPOSIT (__________________) representing earnest
money deposit shall be payable upon execution of this Contract to Sell and shall be considered
part of the total Contract price.
1.2. The remaining balance amounting to THE REMAINING BALANCE (________________)
PESOS Philippine Currency, shall be payable within TIME FRAME upon execution of this
Contract to Sell.
1.3 In case the BUYERS could not fulfil any of their obligation stated in this Contract To Sell,
the earnest money shall be forfeited in favor of the SELLER.
2. Al pending utility bills, if any, Real Estate Tax up to the time of sale, Capital Gains Tax,
Documentary Stamp Tax, shall be for the account of the SELLER.
3. Notarization fees, Registration Fee, Transfer Fees and all miscellaneous fees and expenses
to transfer the certificate of title in the name of the new owner shall be for the account of the
SELLER;
4. Possession to the subject property shall be delivered by the SELLER to the BUYER upon
full payment of the total consideration;
5. ADDITIONAL TERMS AND CONDITIONS SUCH AS Delivery of the property shall be given
by the SELLER to the BUYER devoid of any religious artefacts, personal belongings and effects,
tenants and any toxic/radioactive substances. Etc.
6. TERMS AND CONDITIONS MAY VARY ON A CASE-TO-CASE BASIS. CONTRACTING
PARTIE MAY ADD, SUBTRACT, EDIT, ANY OR ALL PARTS OF THIS CONTRACT TO SELL
AS THEY SEE FIT
7. Upon full payment of the total price, the SELLER shall sign and execute a DEED OF
ABSOLUTE SALE in favor of the BUYER. The SELLER shall likewise execute and/or deliver
any and all documents, including but not limited to the original copy of Transfer Certificate of
Title, Tax Declaration and all other documents necessary for the transfer of ownership from
SELLER to the BUYER.
8. In case the SELLER could not fulfil any of the obligations stated in this Contract to Sell, the
BUYER shall be entitled to a full refund plus 10% interest per month.
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this ___ day of
____________, 20__ at ______________________, Philippines.
___________________ ___________________
Seller’s Name Buyer’s Name
SIGNED IN THE PRESENCE OF:
__________________________ ____________________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
_____________________________ ) SS.
BEFORE ME, a Notary Public, this ____________day of ________________, personally appeared
the following:
Name CTC Number Date/Place Issued
________________________(Name of Seller) ___________________ ___________________________
________________________(Name of Buyer) ___________________ ____________________________
This instrument, consisting of ___ page/s, 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 20__.
