Professional Documents
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OF
PURCHASE AND SALE
Know All Men By these Presents:
This Agreement entered into by and between
<NAME>, <personal circumstance, address> (hereinafter referred as
the VENDOR), and
<NAME OF COMPANY> a corporation duly organized and existing under
the laws of the Philippines with principal office at <address>, Philippines,
represented in this act by its President <name> (hereinafter referred to as
the VENDEE),
Witnesseth, THAT
The Vendor is the owner one office condominium unit in AIC Burgundy
Empire Tower located in ADB Avenue, Ortigas Center, Pasig City, more
particularly identified as Unit 4-A, at the eleventh floor, with an area of
twenty seven square meters and twenty seven decimeters (27.27), covered
by Condominium Certificate of Title No. 011-2012007283, of the Registry of
Deeds for Quezon City, and in addition, of two parking slots located at
basement floor eight of the said building, particularly slots six (6) and seven
(7), covered by Condominium Certificates of Title Nos. 011-2013005674 and
011-2013005673, respectively, (the Subject Properties), photocopies of
title to Unit 4-A, is hereto attached marked as Annex A, and that of the
parking slots as Annexes B and C and made and integral part hereof ;
The Vendee is desirous of acquiring the Subject Properties and has offered to
buy the same from the Vendor and the latter has agreed to sell to the
Vendee subject to the agreed terms and conditions;
Now, Therefore, premises considered, the parties hereto set forth their
understanding for the sale by the Vendor and the purchase by the Vendee of
the Subject Properties as follows:
1. Purchase Price The Vendor agrees to sell and the Vendee agrees to
acquire the Subject Properties for the total consideration of PESOS:
Three Million (Php 3,000,000.00), Philippine Currency
2. Terms of Payment The Vendee agrees to pay the total consideration
of the Subject Properties by paying the initial amount of Sixty Two
Thousand Five Hundred Pesos (Php62,500.00.00) upon execution of
this Agreement, and the balance in Forty Seven (47) installments,
each in the amount of Sixty Two Thousand Five Hundred Pesos
(Php62,500.00.00), commencing fifteen days after the execution of
this agreement and every fifteen days thereafter. Provided, that the
Vendee shall have the option not to avail of the full period of
installment and have the option to pay in full the purchase price at
anytime.
charges and other fees against the installment payments due the
Vendor.
8. Registration of this Agreement - At the option of Vendee, this
Agreement shall be registered on the certificate of title covering the
condominium unit and those of the parking slots. The Vendor hereby
grants the Vendee all the power and authority to cause the registration
and annotation of this Agreement on the condominium certificates of
title of the Subject Properties and Vendor hereby authorizes the
concerned Register of Deeds to effect such registration without need of
presentation of any other authorization from Vendor.
For said
purpose, upon request of the Vendee, the Vendor shall make available
to the Vendee the original owners condominium certificates of title
covering the Subject Properties.
9. Binding Effect - This Agreement shall be binding upon and inure to the
benefit of the heirs and successor(s)-in-interest of either parties.
In Witness Whereof, the parties have hereunto signed the same this
day of June, 2015 at Pasig City, Metro Manila.
<NAME>
Vendor
15th
.
<NAME OF COMPANY>
Vendee
By:
With my conformity:
A C K N O W LE D G M E N T
Republic of the Philippines)
) S.S.
BEFORE ME, A Notary Public for and in the above jurisdiction,
personally appeared the following
Name
<Name>
<name>
<Name>
For Company
Notary Public
Doc. No. _____;
Page No. _____;
Book No. _____;
Series of 2015.