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KISAN LU LANDS AND DEVELOPMENT, INC.

Contract No.
Contract Price :
Downpayment:
Reservation :

________________
________________
________________
________________

Lot area ________________
Lot No.___ Block No.______
Price per sq. m. Php _________
Monthly Amort. _____________
Term: ________________

CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS:
This agreement executed and entered into this _____________________ by and between:
KISAN LU LANDS, INC, a domestic corporation duly organized and existing under Philippine
Laws, with office address at KLR Group Bldg., San Pedro Street Davao City, represented by its President
and CEO, KRISTIN L. LU, herein referred to as the PACKAGER/DEVELOPER.
-ANDJUAN DELA CRUZ, of legal age, Filipino, married to Juana dela Cruz and a resident of Matin,
Davao City herein referred to as the BUYER.
WITNESSETH THAT:
For and in consideration of each of the terms and conditions stipulated hereunder which the
BUYER has promised to pay in the specified herein, the PACKAGER/DEVELOPER has agreed and
contracted to sell to the BUYER (who in return accepted to buy) a lot, referred to herein as the UNIT,
covered and embraced by Transfer Certificate of Title (TCT) No.T- ________ of the Registry of Deeds of
Davao City, being a portion of Sitio Ubat, Catalunan Grande, Davao City containing a lot area of ONE
HUNDRED FORTY THREE (143) SQUARE METERS more or less.
THE TERMS AND OTHER CONSIDERATION of this agreement are as follows:
1. COST OF THE UNIT:
TOTAL CONTRACT PRICE:
1.1 Consideration. The BUYER hereby agrees to pay the purchase price of
____________________________ (Php ________.00) Philippine currency at the office of the Seller at
KLR Group Bldg., San Pedro St., Davao City and without necessity of demand or the service of a collector.
1.2. The sum of THIRTY THOUSAND PESOS (Php. 30,000.00) Philippine currency as
deposit or reservation fee upon execution of this contract and
2.

DOWN-PAYMENT:
The
BUYER
shall
make
a
down-payment
of
____________________________________ (Php __________) Philippine currency shall be paid
by the BUYER in TWELVE (12) MONTHS consecutive equal monthly installments starting on
______________ at
___________________________________________ & ___ (Php
____________) per installment including interest at the rate of ZERO ( 0 %) PERCENT per
annum.

3.

Balance. The Balance of ________________________________________________________
(Php ________.00) Philippine currency shall be paid by the BUYER in _____ (60) MONTHS
consecutive
equal
monthly
installments
starting
on
_______________
at
_______________________ (Php __________) per installment including interest at the rate of
___________ ( ____%) PERCENT per annum.

That all payments in favor of the PACKAGER/DEVELOPER shall be made by the BUYER to
the Packager/Developer at the address stated above without the necessity of any judicial or extra judicial
demand.
The PACKAGER/DEVELOPER will employ no collector and that only official receipt duly
signed by the PACKAGER/DEVELOPER or its authorized representative will recognized as valid
binding.

4. AUTOMATIC CANCELLATION FOR FAILURE OF THE BUYER TO PAY ANY
MONTHLY INSTALLMENT TOGETHER WITH INTEREST, TAXES AND ASSESSMENT
AND/OR VIOLATION OF OTHER TERMS AND CONDITIONS OF THIS AGREEMENT: In the

Provided. For in-house financing buyers. Otherwise the PACKAGER/DEVELOPER or the ASSOCIATION. electric power. telephone and other public services to undertake works. cede. transfer or in any manner dispose of his/her rights and obligations under this agreement without the written consent of the PACKAGER/DEVELOPER nor lease or sub-lease the same or give possession thereof to any party whomsoever. or of the necessary lines for water. the PACKAGER/DEVELOPER shall execute DEED OF SALE in favor of the BUYER and the issuance of the Certificate of Title in his name. a place of concealment or a nuisance. 12. b. 7. OWNERSHIP: Ownership over said unit shall remain with the PACKAGER/DEVELOPER and upon complete payment by the BUYER of all obligations herein stipulated. 6. registration fees for such deeds and all other incidental expenses in connection with the issuance of new title over the unit in the name of the BUYER payable immediately for Spot Cash and Bank and or Pag-Ibig financing. of whatever nature of the general interest of the subdivision.. Should the BUYER put up a fence or extension without consulting the PACKAGER. laying monuments. The unit shall not be used for illegal or immoral activity which will disturb the peace or create nuisance in the neighborhood. shall be free to have the encroachment demolished. measurement. as the case may be. Similarly. SEPARABILITY CLAUSE: The BUYER hereby represents that this entire agreement had been read and/ or translated to him in the language or dialect known and understood by him. 11. Should any provision of this contract be declared by the Court null and void. POSSESIONS: Only the BUYER upon compliance of all of the conditions stipulated herein is allowed to enter into and take possession of the unit. and there is encroachment on adjacent lots. WITHDRAWAL: In the event that the BUYER withdraws from this Contract the right to forfeit any and all payments the BUYER may have made without necessity of notice. Should the BUYER fail to remove said nuisance the same shall be removed by the PACKAGER/DEVELOPER or the ASSOCIATION. or violation/s rectified at the expense of the BUYER. or other wild vegetation and trash which may become fire hazard. EXPENSES OF REGISTRATION: The BUYER shall pay to the PACKAGER/DEVELOPER in the amount of ______________________________________________________ (____________) Pesos only over and above of the Package Price to cover the cost of documentary stamps.event of default on the part of the BUYER to pay three (3) cumulative monthly installment of the violation of any provision without effecting any corrective measure within 30 days from notice to that effect. The BUYER must at all times keep his/her unit(s) / lot(s) in a sanitary condition and must be free from overgrowth of cogon. 8. talahib. survey. the enforce of rules and regulations of the PACKAGER/DEVELOPER. 10. the amount may be paid within the agreed payment terms or at the end of the agreed payment terms. prior to the final execution of the deed of sale. gas. c. 9. 5. or a violation of the National Building Code of the Phil. REALTY TAX AND ASSESSMENT: The PACKAGER/DEVELOPER agrees to pay the real estate tax and assessment of the unit for as long as the Possession of the unit has not passed to the BUYER. unless otherwise The BUYER further agrees to confirm the location of each monument indicating the boundaries of the lot with the PACKAGER/DEVELOPER or with the ASSOCIATION after the SUBDIVISION has been turned-over. TRANSFER OF RIGHTS: The VENDEE. RIGHT OF INSPECTION AND TO DO NECESSARY WORKS: The BUYER agrees that the Authorized representative of the PACKAGER/DEVELOPER by the way of written notice shall have the right to enter the property at anytime for purposes of inspection. agrees not to sell. the PACKAGER/DEVELOPER shall have the right to consider this agreement AUTOMATICALLY CANCELLED and all payments made by the BUYER under this agreement shall be forfeited in favor of the PACKAGER/DEVELOPER without prejudice to any appropriate action in court for damages otherwise. that if the BUYER has received the permit to Occupy (PTO).DEVELOPER or the ASSOCIATION. before constructing any wall or before erection of additional structure or building on the lot. RESTRICTIONS: The sale of the PROPERTY is subject to the following deed of restriction and such further or additional restrictions and / or easement. relocation. and notarial fees of the final Deed of Sale. at the expense of the BUYER. as the case may be. transfer fees. the nullity shall not affect the validity of . he shall be liable for such taxes and assessment effective the day of such receipt of PTO. encumber. 13. free from liens and encumbrances except those as may be provided by law. Lot(s) shall not be as access to other subdivisions. however. the BUYER agrees to demolish the structure encroaching on the adjacent lot at his expense within one (1) week from receipt of written notice that there has been an encroachment on the adjacent lot. servitude or resolutions as the ASSOCIATON may from time to time adopt: a.

S. This instrument refers to a Contract to Sell. Lao ________________________ Agent/Broker ACKNOWLEDGEMENT Republic of the Philippines) City of Davao . LU President & CEO WITNESSES: ___Annie A.this transaction or nay provision herein which shall then be considered as valid and binding by both the parties herein. the exclusive court shall be the appropriate court of Davao City. a Notary Public for and in ______________. No. INC. PACKAGER/DEVELOPER By ________________________________ BUYER : KRISTIN L. . . WITNESS MY HAND AND SEAL on the day and place first above mentioned. KISAN LU LANDS. personally appeared this day of ___________________ at _____________________. . the parties hereto affixed their signatures this day of __________ at ______________________________________. .____________ Series of 200_____. _________________ CTC No. IN WITNESS WHEREOF. 13. Doc. . ) S. contains 3 pages including this page wherein the acknowledgement is written and duly signed by the parties and their instrumental witnesses on each and every page hereof. VENUE: Should litigation prosper between the parties herein for any claim or clause of action arising from or by reason of this contract. Issued On ________ ________ ________________ ________________ Issued at __________________ __________________ Known to me to be the same person/s who executed the foregoing instrument and acknowledged to me that the same is their true and voluntary act and deed that of the corporation they represent. ____________ Book No. . x = = = = = = = = = = = =x BEFORE ME. 1. . ____________ Page No. Kristin Lu 2.