SALE OF SUBDIVISION LOT PAYABLE IN INSTALLMENTS FOR A PERIOD OF 15

YEARS

KNOW ALL MEN BY THESE PRESENTS:

This Sale is made and executed this _____ day of ______ in the City of ___________ by
and between:
__________________, Filipino, of legal age, married/single and residing at
___________, hereinafter referred to as the VENDOR; and
__________________, Filipino, of legal age, married/single and residing at
___________, hereinafter referred to as the VENDEE;

WHEREAS, the Vendor is the absolute owner of a subdivision lot situated at

___________ and more particularly described as follows:

(Description of Property)

That for and in consideration of the sum of ___________, payable in installments for a
period of fifteen (15) years, the manner of payments of which is herein below provided, the
Vendor hereby sells, transfers and conveys to the Vendee, his heirs, legal representatives and
assigns, the above- described property subject to the following conditions:
(State the conditions: the amounts to be paid every month, for a period of fifteen (15)
years beginning _________ until the total agreed amount is fully paid; agreed interest in case of
delayed payments; and such other conditions as may be agreed upon)

Title to the property subject of this contract remains with the Vendor and shall pass to,
and be transferred in the name of the Vendee only upon complete payment of the full price above
agreed upon.

IN WITNESS WHEREOF, etc.

WITNESS:
_______________________ _______________________
(ACKNOWLEDGMENT)