Republic of the Philippines )

City of ___________________ ) S.S.

DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Absolute Sale is entered into this ____________________, 2020 by and
between the following Parties:

______________________________, Filipino, of legal age, and with residential

address at __________________________________, hereinafter referred to as
the “SELLER”;

-and –

______________________________, Filipino, of Legal Age, with residential

address at _________________________________________, hereinafter
referred to as the “BUYER”

WITNESSETH

WHEREAS, the SELLER is the absolute owner of a parcel of land covered by TCT No.
_________________, and located at ________________ more particularly described as follows:

[Retype Property Description Here]

WHEREAS, the abovementioned property has a total area of __________ sqm, and has
an improvement/structure built upon the same under Tax Declaration No. _________________;

WHEREAS, the SELLER now seeks to sell the aforementioned property and the
improvement/s thereon to any interested and willing BUYER;

WHEREAS, the BUYER has offered to purchase the abovementioned property for value,
at a rate of ____________ Pesos (Php _,000.00) per square meter and the SELLER has accepted
such offer, subject to the terms and conditions herein contained.

NOW, THEREFORE, for and in consideration of the foregoing premises, the PARTIES
hereby agree as follows:

TERMS & CONDITIONS

Section 1. Purchase Price – For and in consideration of the sum of ________________________

Pesos (Php __,____,000.00) in cash, receipt of which is hereby acknowledged by the SELLER,
the abovementioned property and the improvement/s thereon are hereby sold, transferred, or
otherwise conveyed in favor of the BUYER.

Section 2. Incidental and Necessary Expenses – It is hereby agreed that any expenses incidental to
or otherwise necessary for the conveyance or transfer of the abovementioned portion of the
property shall be borne by the BUYER and may not be deducted from the abovementioned
purchase price. Such fees are hereby deemed to be including, but not limited to:

1. Surveying Fees;
2. Subdivision Fees;
3. Transfer Fees;
4. Titling Fees;
5. Administrative Fees;
6. Broker’s Commission; and
7. All other fees related or incidental to the foregoing.

Section 3. Payment Terms – It is expressly understood that at the time of the signing of this
Contract, the BUYER shall pay the SELLER in full and in cash, without need of demand or
extension of time to pay the aforementioned purchase price.
Section 4. Warranties – By virtue of this Deed of Absolute Sale, the SELLER hereby warrants
that it is the true and lawful owner of the property subject to the sale and that it sells, transfers,
conveys the same to the BUYER free and clear from any liens and penalties.

The BUYER, in turn, warrants that he has sufficient capacity to pay for the purchased portion of
the property and that such payment will be given on time and without need of demand at the
time of signing of this Contract.

Section 5. Conflict Resolution & Exclusivity of Venue – The PARTIES hereby mutually agree and
bind themselves to settle any and all conflicts arising from this Agreement and the provisions
hereof in an amicable manner.

However, in the event that an amicable settlement cannot be reached, the PARTIES hereby
agree to vest sole and exclusive jurisdiction over any and all claims arising from this Agreement
with the proper courts of Parañaque City, to the exclusion of any and all other courts and
tribunals that may exercise concurrent or coordinate jurisdiction.

Section 6. Non-waiver of rights – The failure or delay of either of the PARTIES to insist upon the
strict performance of any of the terms of this Agreement shall not be deemed a relinquishment
or waiver of any right, benefit, or remedy that such aggrieved party may have or be entitled to.

Neither shall such failure be construed as a waiver of any subsequent breach or default of the
terms hereof which shall continue to be in full force and effect.

Finally, no waiver by either party of any of its respective rights under this Agreement shall be
deemed to have been made unless expressed in writing and signed by such party.

IN WITNESS WHEREOF, we have hereunto set our hand this

_______________________ day of _____________________ 2021 at _____________________.

For the SELLER For the BUYER

[NAME] [NAME]

Signed In The Presence Of :

_________________________ _______________________
 ACKNOWLEDGMENT

BEFORE ME, a Notary Public in and for the City of____________________________

personally appeared the following Parties, exhibiting to me their Government Issued
Identification as competent proof of their identities:

NAME GOVERNMENT ISSUED ID

known to me to be the same persons who executed the foregoing document, composed of three
(3) pages including the page on which this Acknowledgment is written, they further
acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND OFFICIAL SEAL this _________ day of

________________________ 2020 at __________________.

NOTARY PUBLIC
Doc. No. _______;
Page No. _______;
Book No. _______;
Series of 2021.