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Deed of Absolute Sale - A Sample

This document is a Deed of Absolute Sale between a Vendor and Vendee for a parcel of land. The Vendor owns the land according to the Title and agrees to sell it to the Vendee for 150,000 pesos. The Vendor guarantees they have the right to sell the land and will defend the title. The Vendee will pay taxes related to the transfer while the Vendor pays current taxes. Both parties and witnesses sign to finalize the sale.

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hgciso
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441K views3 pages

Deed of Absolute Sale - A Sample

This document is a Deed of Absolute Sale between a Vendor and Vendee for a parcel of land. The Vendor owns the land according to the Title and agrees to sell it to the Vendee for 150,000 pesos. The Vendor guarantees they have the right to sell the land and will defend the title. The Vendee will pay taxes related to the transfer while the Vendor pays current taxes. Both parties and witnesses sign to finalize the sale.

Uploaded by

hgciso
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
Download as doc, pdf, or txt
Download as doc, pdf, or txt
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DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This DEED is made and entered into by and between:

(insert full and complete name), of legal age, Filipino, married to (insert
full and complete name, if married), and a resident of #Street, Subdivision,
xxx District, xxxx City, hereinafter referred to as the VENDOR;

---and---

(insert full and complete name), of legal age, Filipino, married to (insert
full and complete name, if married), and a resident of #Street, Subdivision,
xxx District, xxxx City, hereinafter referred to as the VENDEE;

WITNESSETH:

WHEREAS, the VENDOR is the absolute owner in fee simple of that certain real
property, a parcel of land situated in the (exact location of the land to be sold) , Philippines
covered by Transfer Certificate Title No. (insert TCT) issued by the Registry of Deeds for
the Province (or City) of (insert province or city), and which is more particularly described
as follows:

Transfer Certificate of Title No. (insert TCT)


Lot (insert lot number

A parcel of land (insert lot number, being a portion of Lot


(insert lot number, situated in the (exact location of the land to
be sold) …containing an area of (indicate area in words) (are in
number) SQUARE METERS (OR HECTARES), more or less.

WHEREAS, the VENDEE has offered to buy and the VENDOR has agreed to sell
the above-described property for the price and under the terms and conditions set forth
herein below;

NOW THEREFORE, for and in consideration of the premises, and more


specifically of the sum of ONE HUNDRED FIFTY THOUSAND PESOS, Philippine
Currency, the receipt whereof is hereby acknowledged from the VENDEE to the entire
satisfaction of the VENDOR, the said VENDOR does hereby sell, transfer and convey in a
manner absolute and irrevocable, in favor of the VENDEE, his heirs and assigns, the land
above-described;
That the VENDOR does hereby covenant and agree with VENDEE that the above-
described property is free from all liens and encumbrances, that she has a perfect right to
convey the same, and that she will warrant and forever defend the same unto the said
VENDEE, his heirs and assigns, against the lawful claims of all persons whomsoever;

That the VENDEE agrees to shoulder the expenses for the consolidation of the title,
capital gains tax, documentary stamps tax, transfer fees, notarial fees, and all other fees or
expenses incidental to the transfer of the title of the above-described property while the
VENDOR agrees to shoulder the expenses for accrued and current real estate taxes.

IN WITNESS WHEREOF, the parties have hereunto set their hands this August 1,
2010, at (City where the sales is made), Philippines.

(insert full and complete name) (insert full and complete name)
VENDOR VENDEE
TIN No. _________ TIN No. _________

With marital consent of:

(insert full and complete name)


Husband (wife)
TIN No. ____________

SIGNED IN THE PRESENCE OF:


______________________________ & ______________________________
ACKNOWLEDGEMENT

Republic of the Philippines)


In the City of ___________ )S.S.
x-----------------------------/

BEFORE ME, A Notary Public for and in the city of __________________,


Philippines, this ____ day of August ___ 2010 personally came and appeared the following
persons with their respective Community Tax Certificates and competent valid documents,
to wit:

Competent ID/
Name Documents Date/Place Issued

all known to me and to me known to be the same persons who executed the foregoing
instrument, a Deed of Absolute Sale involving one (1) parcel of land, consisting of three (3)
pages, including this page on which this acknowledgement is written, signed, by them and
their witnesses and sealed with my notarial seal, and they acknowledged that the same is
their own free act and voluntary deed and of the person represented.

WITNESS MY HAND AND SEAL on the date and place first above written.

Doc No. _________;


Page No. _________;
Book No. _________;
Series of 2010.

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