Professional Documents
Culture Documents
This DEED OF CONDITIONAL SALE, made and executed this 18th day of
February, 2024 by and between:
-AND-
, of legal age, Filipino, married, with postal address at 627 Finance Road,
Mandaluyong City, hereinafter referred to as the "BUYER”.
WITNESSETH;
WHEREAS, the BUYER has offered to buy the Property in the amount of
TEN MILLION PESOS (Php 10,000,000.00) and the SELLER acknowledges
receipt thereof and agreed to sell the above mentioned Property under the terms
and conditions herein below set forth;
1
3. Capital Gains Tax shall be for the account of
the SELLER, Documentary Stamps Tax, Transfer Tax, Real Estate
Tax, Registration Fee, registration expenses, and all other
miscellaneous fees and expenses shall be for the account of
the BUYER;
4. All taxes or fees due to the government before the BUYER take
possession of the Property shall be for the account of the SELLER.
5. In the event the BUYER fails to pay, when due, any of the amount
herein stipulated, this Contract is considered deemed terminated and
the BUYER shall immediately vacate the Property without any need
of formal demand from the SELLER. All payments made by the
BUYERS/VENDEES prior to the default shall be deemed forfeited
and waived in favor of the SELLER.
6. The BUYER shall not sell, cede, assign, transfer or pledge the
Property or allow it to become subject to any lien of whatsoever
nature or deliver possession thereof to any other person while any
portion of the Purchase Price remains unpaid.
7. Should any party ("the guilty party") breach any material provisions
of this Contract and fails or refuses to rectify the breach within ten (10)
days upon receipt of a written notice from the other party ("the
aggrieved party"), calling upon the guilty party to rectify the breach,
the aggrieved party shall be entitled, without prejudice to any of his
other rights, to cancel this Contract by written notice to the guilty
party.
10. This Deed contains the entire agreement between the SELLER and
the BUYER regarding the subject matter hereof and supersedes and
cancels all previous negotiations, undertakings, commitments, and
documentations in connection therewith.
11. This Deed shall not be modified except upon a written agreement
duly executed by the SELLER and the BUYER.
2
IN WITNESS WHEREOF, the parties have hereunto affixed their
signatures, this 18th day of February, 2024 at Makati City, Philippines.
Seller Buyer
__________________________ ____________________________
ACKNOWLEDGMENT
3
REPUBLIC OF THE PHILIPPINES)
MAKATI CITY ) SS.
BEFORE ME, a Notary Public, this 19th day of February 2024, personally
appeared the following parties with their respective competent evidences of
identification, bearing their signatures, to wit:
between HANNA GRACE BAULA and MARK ANTHONY SAN DIEGO, which
consists of four (4) pages, including the page whereon this acknowledgment is
written, and which is signed by the parties and their instrumental witnesses on
each and every page thereof.
WITNESS MY HAND AND SEAL, on the date and at the place first written
above.