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CONTRACT TO BUY AND SELL

KNOWN ALL MEN BY THESE PRESENTS:


This Contract to BUY and SELL made and executed by and between:
__________________________, of legal age, married to _______________________________,
and resident of _____________________________________ hereinafter called the VENDOR:
- and __________________________, of legal age, married to _______________________________,
and resident of _____________________________________ hereinafter called the VENDEE:
WITHNESSETH:
WHEREAS the VENDOR is the owner of a residential house and lot located in
_______________________________, covered by TCT No. __________________ and more
particularly described as follows:
A parcel of land
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
WHEREAS the VENDOR has agreed to SELL the above-described residential lot to the
VENDEE, and the VENDEE agreed, as it is hereby agreed, to BUY the said house and lot:
NOW, THEREFORE, FOR AND IN CONSIDERATION of the foregoing premises and of the
following mutual covenants, undertaking, obligations, terms and conditions, the parties hereto
have agreed, as follows:
1. PURCHASE PRICE- The VENDEE agrees to pay the amount of
_____________________________, which shall be paid upon the release of
Vendees loan from PAG-IBIG/NHMFC or any financial institution. The Vendee is
given a period of ___ months from the signing contract to pay in FULL the said
purchase price.
2. TAXES- The ______ shall pay the capital gain tax and shall pay and update the
realty taxes while all other taxes related to the transfer of the title shall be for the
account of the __________________________________;
3. TRANSFER OF TITLE- A Deed of Absolute Sale to effect the conveyance and the
Transfer of Title of the property shall be executed as soon as the FULL PAYMENT is
paid under this contract.
IN WITHNESS, WHEREOF, the PARTIES have hereunto affixed their signatures on this _____th
day of _________________ at ____________________.

_______________________

_________________________

VENDOR

VENDEE

With my marital consent:

With my marital consent:

______________________

_____________________

WITNESSES:
______________________

_____________________

ACKNOWLEDGMENT
Before me, a Notary public for _______________________________ and the Province
of __________________, personally appeared the following with their CTC:

_____________________________

__________________ ________________________

_____________________________

__________________ ________________________

both known to me and to me known to be the same persons who executed the foregoing
CONTRACT TO BUY AND SELL, the property covered under TCT NO. _________________
located in _________________, and they acknowledged to me that the same was executed by
them freely and voluntarily. Based on the documents presented, the PARTIES are _________
citizens.
This instrument consists of _________________ pages including this page on acknowledgment.
WITNESS MY HAND AND SEAL on the day and place above written.
___________________________
Notary Public
Appointment No. __ (20__ - 20__)
Until December 31, 20___
PTR No. ____________ / __-__-__
Roll No. ________
IBP Lifetime Member No. ____ / ____
MCLE Comp. Cert. No. _______/____
Doc. No. _______
Page No. ________
Book No. _______
Series of 20___:
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