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Deed of Conditional Sale

1. This document is a deed of conditional sale between a seller and buyer for a parcel of land. 2. The seller agrees to conditionally sell and the buyer agrees to conditionally buy the property for an agreed upon amount. 3. The terms state that the buyer will make a partial payment upon signing, with the remaining balance to be paid by a certain date. Ownership and possession remain with the seller until full payment is made, at which point the seller will execute a deed of absolute sale.

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7K views3 pages

Deed of Conditional Sale

1. This document is a deed of conditional sale between a seller and buyer for a parcel of land. 2. The seller agrees to conditionally sell and the buyer agrees to conditionally buy the property for an agreed upon amount. 3. The terms state that the buyer will make a partial payment upon signing, with the remaining balance to be paid by a certain date. Ownership and possession remain with the seller until full payment is made, at which point the seller will execute a deed of absolute sale.

Uploaded by

Con
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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Republic of the Philippines}

City of ____________ }s.s

DEED OF CONDITIONAL SALE


KNOW TO ALL BY THESE PRESENTS:

This Deed is made and executed by and between:

_____________________, (citizenship), of legal age, (married/single)


with postal address at _______________________, herein referred to as
SELLER;

-and-

_____________________, (citizenship), of legal age, (married/single)


with postal address at _______________________, herein referred to as BUYER;

WITNESSETH THAT:

WHEREAS, the Seller is the owner of a parcel of land situated at (insert


Address here) containing an area of ____ square meters more or less, and
more particularly described as follows:

INSERT TECHNICAL DESCRIPTION OF THE PROPERTY HERE

WHEREAS, the Seller agreed to conditionally sell and the Buyer agreed
to conditionally buy the aforementioned property in the amount of amount in
words (amount in figures).

WHEREAS, the Seller warrants that the property is free from any liens
or encumbrances.

NOW THEREFORE, for and in consideration of the foregoing premises,


the parties hereunto agree on the following terms and condition, to wit:

1. Upon the execution of this Deed, the Buyer shall pay the amount of
__________ (figures) as partial payment for the subject property

2. The remaining balance in the amount of ___________ shall be paid on


or before ___________

3. The ownership and possession over the subject property shall


remain with the Seller until full payment has been made.

4. After the consideration has been fully paid, it is the obligation of the
seller to execute a Deed of Absolute Sale in favor of herein Buyer.

5. In case of failure on the part of the Buyer to comply with his


obligation to pay the full amount of consideration as stated in this
contract, the Seller may unilaterally rescind this contract and the
Buyer shall not be entitled to any refund for payments already
made.
(Further conditions may be place herein)
IN WITNESS WHEREOF, the parties have hereunto set their hands on
this ___ day of __________, __________ at ______________.

_______________________ ____________________
(Seller) (Buyer)

With Marital Consent:

______________________ _____________________
(Spouse of Seller) (Spouse of Buyer)

SIGNED IN THE PRESENCE OF

_____________________ __________________

ACKNOWLEDGEMENT

BEFORE ME, a Notary Public for and in City of __________, Philippines,


personally appeared:

NAME GOVERNMENT ISSUED ID No. DATE/PLACE OF ISSUE

______________ ____________________________ _______________________

______________ ____________________________ _______________________

Known to me and to me known to be the same persons who executed the


foregoing instrument, and acknowledged to me that the same is their free and
voluntary act and deed. This instrument, consisting of _____ pages, including
the page on which this acknowledgement is written, has been signed on the left
margin thereof by the parties and their witnesses.

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


notarial seal this ___ day of _____, 2017.

Notary Public

Doc No. ___


Page No. ___
Book No. ___
Series of 2017.

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