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Deed of Absolute Sale: (Indicate The Address of The Seller)

This 3 sentence summary provides the key details from the Deed of Absolute Sale document: The document records the sale of a property located at [address] containing [area] square meters from the Seller to the Buyer for Php 30,000 to be paid in cash. The Buyer will cover the costs of the transaction including taxes and fees. The Seller warrants they are the legal owner of the property and that it is free from any liens or encumbrances.

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LM REYES LAW OFFICES
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120 views3 pages

Deed of Absolute Sale: (Indicate The Address of The Seller)

This 3 sentence summary provides the key details from the Deed of Absolute Sale document: The document records the sale of a property located at [address] containing [area] square meters from the Seller to the Buyer for Php 30,000 to be paid in cash. The Buyer will cover the costs of the transaction including taxes and fees. The Seller warrants they are the legal owner of the property and that it is free from any liens or encumbrances.

Uploaded by

LM REYES LAW OFFICES
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Absolute Sale (‘Deed”), made and executed this ____ day of
_______, 20__, in _______________, Philippines by and between:

____________, Single/Married, Filipino, of legal age, with address


located at [indicate the address of the seller]; hereinafter referred to
as the "SELLER";
- and -

__________________, single/married, Filipino, of legal age, with


address located at [indicate the address of the seller]; hereinafter
referred to as the "BUYER";

W I T N E S S E T H, That :

WHEREAS, the SELLER warrants and represents that he/she is the absolute
registered owner of parcels of land (hereinafter referred to as the “Property”) in [Kindly
provide the address of the property] containing a lot and improvement with an area of
___ square meters more or less

WHEREAS, based on the above warranty and representation, the BUYER has
agreed to purchase the SELLER’s title, rights and interest in the aforementioned
Property, under the terms and conditions set forth below;

NOW, THEREFORE, for and in consideration of the total sum of PHILIPPINE


PESOS: THIRTY THOUSAND PESOS (Php 30,000.00) hereinafter referred to as
“Selling Price”, and on the terms and conditions stipulated herein, the SELLER hereby
sells, transfers and conveys unto and in favor of the BUYER all SELLER’S titles, rights
and interests in and to the Property, under the following terms and conditions:

1. The amount of THIRTY THOUSAND PESOS (Php30,000.00), which is the FULL


and total consideration, shall be paid by the BUYER in cash;

2. The Documentary Stamp Tax, Transfer Tax, Registration Fees, and other fees,
costs and expenses relative to the registration of the Deed of Absolute Sale shall
be for the account of the BUYER, and the Capital Gains Tax, shall be for the
account of the SELLER.

3. The notarial fee for the execution of this Deed of Absolute Sale shall be for the
account of the BUYER.

4. The SELLER hereby warrants valid ownership to the Property, and further
declares that the same are free from liens and encumbrances of any kind
whatsoever.

5. The BUYER acknowledges that the SELLER has made full and complete
physical delivery of the Property, and the BUYER has accepted the same. The

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BUYER acknowledges that the SELLER has no obligation or duty whatsoever to
make any alteration, repair, or improvement of any kind to the Property.

6. Each of the parties represents to the other party that the execution, delivery, and
performance of this Deed of Absolute Sale, and all other instruments and
documents contemplated herein, are within their respective legal capabilities and
authority, and does not contravene any law judgment, court order or resolution,
contractual stipulation or restriction, binding on or affecting them.

IN WITNESS WHEREOF, the Parties have hereunto signed these presents on


the date and place first abovementioned.

SELLER BUYER

[NAME OF SELLER] [NAME OF BUYER]

SIGNED IN THE PRESENCE OF:

_________________________ __________________________

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ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


__________________________ ) S.S.

BEFORE ME, this ________________, in ________________, personally appeared the


following:

Name Gov’t ID No. Date / Place Issued

[BUYER] _________ _________________

[SELLER] _________ _________________

Known to me and to me known to be the same persons who executed the foregoing
instrument, and they acknowledged the same to be their free and voluntary act and
deed as well as the free and voluntary act and deed of the principals they represent.

This document consisting of three (3) pages including this page where the
acknowledgment is written, and where the parties with their instrumental witnesses
have signed on page (2) and on the remaining pages hereof, refers to a Deed of
Absolute Sale of land.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial


seal on the date and at the place above written.

Doc No. ______;


Page No. ______;
Book No. ______;
Series of ______.

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