CONTRACT TO SELL

 
KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT TO SELL, made and executed this 12 th day of March, 2021 by and
between:
 
RUDOLPH U. SEÑERES (representing his father Rodolfo D. Señeres) and
THELMA D. SEÑERES - AGUSTIN, of legal ages, Filipinos, hereinafter referred to as
the VENDOR;

---and---

RODOLFO ROXAS GUINHAWA, of legal age, Filipino, and with residence

address 170 Timog Ave., Quezon City, hereinafter referred to as the VENDEE;

WITNESSETH;
 
        WHEREAS, the SELLER/VENDOR, being the remaining heirs, are
the absolute owners of a parcel of land (registered under the name of the late MARIA
SEÑERES) consisting of TWO HUNDRED TEN (210) square meters, more or less,
situated No. 6 Valente Drive, 15 th Avenue, Cubao, Quezon City, and covered by
Transfer Certificate Title N-186565, by the Registry of Deeds of Quezon City;
 
        WHEREAS, the BUYER/VENDEE has offered to buy and the SELLER
/VENDOR has agreed to sell the abovementioned property under the terms and
conditions herein below set forth;
 
        NOW THEREFORE, for and in consideration of the total sum of TWELVE MILLION
SEVEN HUNDRED PESOS (Php:12,700,000.00) 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. The total consideration shall be TWELVE MILLION SEVEN PESOS (Php:
12,700,000.00), Philippine Currency, payable as follows:

a) The amount of ONE HUNDRED THOUSAND (Php: 100,000.00) PESOS,

representing as reservation money shall be payable by the BUYER/VENDEE to MR.
RENESES T. SEÑERES on behalf of the SELLER/VENDOR upon signing of this
Contract to Sell;
 
b) In the event that the BUYERVENDEE did not push through the sale transaction the
reservation shall be deemed forfeited.

c) The BUYER/VENDEE shall pay, in full, the remaining balance of P12,600,000.00 to

the SELLER/VENDOR after the latter have vacated all the tenants in the property
subject of this contract to sell which shall be deposited to the SELLER/VENDOR’s
designated bank account. It is agreed upon that the gross proceed of sale shall be
divided and broken down as follows:

1. First Portion – Rodolfo Seneres : Php. 7,875,000.00

2. Second Portion – Thelma Seneres Agustin : Php. 2,625,000.00
3.Third Portion - Reneses T. Seneres : Php. 2,200,000.00 (for payment of
 CGT, Estate Tax, Legal Fees, and miscellaneous,
as well as broker’s and agent ‘s commission).
 

d. The BUYER/VENDEE shall shoulder the documentary stamp tax and transfer tax.

2. Upon full payment of the total price, the SELLER/VENDOR shall sign and execute
a DEED OF ABSOLUTE SALE in favor of
the BUYER/VENDEE. The SELLER/VENDOR shall likewise execute and/or deliver any
and all documents, including the original copy of Transfer Certificate of Title, Tax
Declaration and all other documents necessary for the transfer of ownership
from SELLER/VENDOR to the BUYER/VENDEE.
 
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this
12TH day of March, 2021 at Quezon City, Philippines.
 

RUDOLPH U. SEÑERES THELMA D. SEÑERES - AGUSTIN

Seller/Vendor Seller/Vendor

RODOLFO ROXAS GUINHAWA

Buyer/Vendee

SIGNED IN THE PRESENCE OF:

 

RENESES T. SEÑERES               ____________________________

 
 
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

_____________________________ )  SS.

BEFORE ME, a Notary Public, this ____________day of ________________,

personally appeared the following:
 
        Name                        PASSPORT/TIN Date/Place Issued
RUDOLPH U. SEÑERES P6332625B Feb 20, 2021 - DFA
THELMA D. SEÑERES – AGUSTIN
RODOLFO ROXAS GUINHAWA E02-83-016840 2023//10/05 - LTO
This instrument, consisting of 2 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.
       
Doc. No. ........;
Page No. .......;
Book No. .......;
Series of 2021.