Scribd
Upload
58 views1 page

Recission

This letter from Mae Santos informs the buyer of the rescission of the Contract to Sell for a condominium unit due to three months of non-payment. The seller is exercising their right to rescind the contract and is providing a five-day notice for the buyer to vacate the property. Failure to comply may result in legal action to protect the seller's rights.

Uploaded by

Nrc A.
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
58 views1 page

Recission

This letter from Mae Santos informs the buyer of the rescission of the Contract to Sell for a condominium unit due to three months of non-payment. The seller is exercising their right to rescind the contract and is providing a five-day notice for the buyer to vacate the property. Failure to comply may result in legal action to protect the seller's rights.

Uploaded by

Nrc A.
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
You are on page 1/ 1

Juan dela Cruz

JP Rizal St., City of Manila


Metro Manila

Re: Rescission of. Contract to Sell


x---------------------------------------------------------x

Dear Buyer,

I hope this letter finds you well.

On 20 March 2018, we executed a Contract to Sell over a Condominium Unit (“Subject


Property”) in Sampaloc, Manila with CTC No. 12345, wherein you are obligated to pay a
monthly amortization of Fifty Thousand Pesos (PhP 50,000.00). However, you have
defaulted in your obligation for the past three (3) months despite numerous demand and
notices.

Pursuant to our Contract to Sell, non-payment of monthly amortization for three (3)
months entitles the Seller to rescind the contract on such ground. As such, let this letter
be a notice to your that I am exercising my right to rescind the Contract to Sell over the
Subject Property, effective immediately.

As a sign of good faith and respect, I am giving you five (5) days to vacate the Subject
Property, otherwise, I will be constrained to seek legal remedies to protect my rights and
interests.

I wish you the best in your endeavors.

Sincerely,
Mae Santos

You might also like