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Conditional Deed of Sale

This document is a conditional deed of sale between Norhan A. Mopac as the vendor and Lilia D. Pimentel as the vendee. The vendor agrees to sell a 17,360 square meter portion of her land to the vendee for a total price of 2 million pesos. The vendee will pay 600,000 pesos as a downpayment and the remaining balance must be paid in full before December 2019. Ownership and control of the property remains with the vendor until full payment is made. The vendor will execute a deed of absolute sale to transfer ownership once payment is completed.

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Shellinie Mopac
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598 views2 pages

Conditional Deed of Sale

This document is a conditional deed of sale between Norhan A. Mopac as the vendor and Lilia D. Pimentel as the vendee. The vendor agrees to sell a 17,360 square meter portion of her land to the vendee for a total price of 2 million pesos. The vendee will pay 600,000 pesos as a downpayment and the remaining balance must be paid in full before December 2019. Ownership and control of the property remains with the vendor until full payment is made. The vendor will execute a deed of absolute sale to transfer ownership once payment is completed.

Uploaded by

Shellinie Mopac
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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CONDITIONAL DEED OF SALE

KNOW ALL MEN BY THESE PRESENTS:

This conditional deed of sale entered into this ___ day of ____ 2019, in the
Municipality of Isulan, Sultan Kudarat, by and between:

NORHAN A. MOPAC, married, of legal age, Filipino, and resident of Barangay Bual,
Isulan, Sultan Kudarat, hereinafter referred to as the VENDOR.

-and-

LILIA D. PIMENTEL, married, of legal age, Filipino, and resident of Sampao, Isulan,
Sultan Kudarat, hereinafter referred to as the VENDEE.

WITNESSETH:

The VENDOR is the owner of a lot and parcel of land and its improvements
containing an area of TEN THOUSAND (10,000) SQUARE METERS, a portion of a
parcel of land known as Lot No. 32, Pls-298-D-14 containing an area of FORTY
SEVEN THOUSAND THREE HUNDRED AND SIXTY (47,360) SQUARE METERS
situated at Dansuli, Isulan, Sultan Kudarat covered by Transfer Certificate Title No.
16611. Hereto attached is an Extrajudicial Settlement of the Estate of the Deceased
Pedro V. Pimentel and Carmelita H. Diez with Waiver of Rights in favor of the
VENDOR marked as Annex “A”;

WHEREAS, the VENDOR desires to sell a portion of her aforementioned land


containing an area of SEVENTEEN THOUSAND THREE HUNDRED SIXTY (17,
360) SQUARE METERS and the VENDEE agrees and promises to buy the same
including the improvements therein.

WHEREAS, the VENDOR hereby sells to the VENDEE who agreed to buy the
above-described land under the following terms and conditions to wit:

1. That the total consideration of the sale is TWO MILLION PESOS (Php
2,000,000.00).

2. Upon signing of this contract the VENDEE shall pay the VENDOR a
downpayment of SIX HUNDRED THOUSAND PESOS (P600,000); that
the remaining balance shall be paid in full ON or BEFORE DECEMBER
2019;

3. The VENDOR may have the absolute and complete control and
possession of the subject property thereon until the full payment of the
aforementioned land;

4. The VENDOR reserves his right of ownership over the subject land until
full payment of the consideration;

5. In the event that the VENDOR should fail or deliberately refuse to


comply with his obligation, the VENDEE shall be reimbursed of the

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amount of the purchase price paid, cost of improvements as well as
beneficial interests and other damages that the VENDEE may suffer;

6. The VENDOR will shoulder all the payments for Capital Gain Tax,
Documentary Stamp Tax, Transfer Tax, Title Processing and other
related documents pertaining to Transfer of Ownership.

7. The VENDOR shall undertake to execute the necessary DEED OF


ABSOLUTE SALE in favor of herein VENDEE upon full payment of the
above stated purchase price.

IN WITNESS WHEREOF, I have hereunto set my hand this ____th day of


____2019, at Philippines.

VENDOR VENDEE
ID No. ID No.

SIGNED IN THE PRESENCE OF:

__________________________ _______________________
Witness Witness

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