AGREEMENT FOR THE SALE OF PROPERTY

This refers to the property measuring ______ sq. meters, which is a parcel of land at
_________________________. Having the following technical description:
_____________________________________________________________________________________
_____________________________________________________________________________________
____________________________________________________________________________.

This agreement for sale is made on __________________, at ________________________________.

By ___________________________________ (hereunder called the seller) of the first party.

And

______________________________________ (hereunder called the purchaser) of the second party.

The absolute owner in possession is the first party _______________________________________.

The agreed property is being sold by the first party with all the rights, and with consent of all heirs, to
the second party who has agreed to buy this property for a total consideration of only on the following
terms and conditions:

1. The first party had given an assurance to the second party that the said property is not n
mortgage, not attached in any bail as surety in court, or financial institution or court, nor any
agreement to sell has been made with any other party prior to this agreement;
2. The property only refers to the parcel of land specified. The seller is given the right to salvage
any item of value like the temporary fencing, iron materials, etc. on the property and shall be
given the rational time to retrieve;
3. The buyer has agreed to pay the seller the total sale consideration of TWO MILLION AND TWO-
HUNDRED THOUSAND PESOS (P2,200,0000.00) in cash payment made through the bank account
as identified by the seller only as a full and final payment against the said property where the
seller / owner hereby acknowledge the receipt in the presence of witnesses in the persons of
_______________________ and _______________________. Wherefore, there shall be no
amount due as balance against the said property;
4. The buyer has agreed to solely bear the expenses incurred like capital gains tax, etc. in the
transfer in his /her name or his / her nominee and fulfill all requirements of concerned
authorities;
5. The buyer agrees to bear all the expenses and notarial fees on the deed of sale, etc. of the said
property. Other expenses and documents shall also be borne by the buyer;
6. The seller should not have any objection if the buyer decided to sell the property to any other
person;
7. In case the seller or buyer backs out from fulfilling this legal formalities, then the accountable
seller or buyer whoever committed the transgression shall have the right to seek the help of the
court of law and to pay the cost, consequences, damages, etc.

This legal document is signed by both the parties in the presence of witnesses at
____________________________________________________ on _____________________ first
mentioned above, in the presence of marginal witnesses.

___________________________ ___________________________

First Party / Seller Second Party / Buyer

WITNESSES

______________________________ _________________________