EXTRAJUDICIAL SETTLEMENT OF ESTATE

WITH ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This Agreement, made and entered into this _____________________ in

_______________________ by and between:

[Heir 1], of legal age, Filipino, residing in [address]; and

[Heir 2], of legal age, [single/married to [Name]], Filipino, residing in

[address]

WITNESSETH:

That, we are the sole heirs of the deceased [Owner] who died on [date of
death], at [place of death], copy of his death certificate is hereto attached as
Annex “A”;

WHEREAS, [Owner] who died intestate, without Will or Testament, and

without any outstanding debts in favor of any person or entity

WHEREAS, [Owner], is the absolute and registered owner of one (1)

parcel of land located at [property location], covered by [Original/Transfer]
Certificate of Title No. [title no.], of the Register of Deeds of the [ROD branch]
and more particularly described as follows:

[technical description]

WHEREAS, pursuant to Section 1, Rule 74 of the Revised Rules of Court

of the Philippines, in relation to Article 996 of the Civil Code of the Philippines,
and being with full capacity to contract, we do hereby adjudicate unto ourselves
the parcel of land described above, in equal shares;

FURTHER, FOR AND IN CONSIDERATION of the sum of [AMOUNT IN

WORDS] (Php XX,000.00), Philippine currency, the receipt whereof is hereby
acknowledged in full sum from [BUYER/S] both of legal age, Filipinos, and with
residence address at [address] we do hereby SELL, TRANSFER, CONVEY and
DELIVER, by way of ABSOLUTE SALE unto said [BUYER/S], their heirs,
assigns, and successors-in-interest, the property above described with all the
improvement existing thereon;

That the Buyer, [BUYER/S], hereby undertake to pay any and all unpaid or
accrued property taxes including such capital gains and documentary stamp
taxes necessary to effect the registration of the sale and all the necessary fees
and expenses for the transfer of title of the said property to their name;

That we hereby warrant our valid title to, and peaceful possession of the
property herein sold and conveyed, and further declare that the same is free and
clear of all liens and encumbrances of any kind whatsoever.

IN WITNESS WHEREOF, we hereunto set our hand this

_____________________ at ____________________________, Philippines.

The Heirs of [OWNER]:

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 [HEIR 1] [HEIR 2]
Heir-Seller Heir-Seller

BUYERS:

[BUYER] [BUYER]
Buyer Buyer

WITNESSES:

___________________________ _____________________________
ACKNOWLEDGMENT

Republic of the Philippines}

_______________________}

BEFORE ME, a Notary Public in and for the

_________________________________, this _________________________,
personally appeared the following:

Competent Proof of Identity

[HEIR 1] ______________________________

[HEIR 2] ______________________________

[BUYER] ______________________________

[BUYER] ______________________________

who has satisfactorily proven to me their identity through the above-

presented identification, that they are the same person who executed and
voluntarily signed the foregoing EXTRAJUDICIAL SETTLEMENT OF ESTATE
WITH ABSOLUTE SALE which they acknowledged before me as their free and
voluntary act and deed.

The foregoing instrument which relates to as an Extrajudicial Settlement of

Estate of one (1) parcel of land consisting of three (3) pages, including the page
on which this acknowledgement is written, has been signed on the margin of
each and every page by the parties and the witnesses.

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 WITNESS MY HAND AND SEAL, this ________________________, in
______________________________, Philippines.

Doc. No. ____;

Page No. ___;
Book No. ___;
Series of 2021.

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