sale agreement format
Extract of this Contract to sell sample
1. The total consideration shall be P2 500,000 Philippine Currency, payable
through CASH/MANAGERS’ CHECK/WIRE TRANSFER as follows:
1.1. The amount of THE EARNEST MONEY DEPOSIT P500,000 representing earnest money deposit shall be payable upon execution of this Contract to Sell and shall be considered part of the total Contract price.
1.2. The remaining balance amounting to P2 000,000 Philippine Currency, shall be paid as follows: P1,000,000 on or before 10 October 2020 and the other P1,000,000 shall be paid in 20 equal monthly installment of P20,000 upon execution of this Contract to Sell.
1.3 In case the BUYERS could not fulfil any of their obligation stated in this Contract To Sell, the earnest money shall be forfeited in favor of the SELLER.
2. Al pending utility bills, if any, Real Estate Tax up to the time of sale, Capital Gains Tax, Documentary Stamp Tax, shall be for the account of the SELLER.
3. Notarization fees, Registration Fee, Transfer Fees and all miscellaneous fees and expenses to transfer the certificate of title in the name of the new owner shall be for the account of the SELLER;
4. Possession to the subject property shall be delivered by the SELLER to the BUYER upon full payment of the total consideration;
5. ADDITIONAL TERMS AND CONDITIONS SUCH AS Delivery of the property shall be given by the SELLER to the BUYER devoid of any religious artefacts, personal belongings and effects, tenants and any toxic/radioactive substances. Etc.
6. TERMS AND CONDITIONS MAY VARY ON A CASE-TO-CASE BASIS. CONTRACTING PARTIE MAY ADD, SUBTRACT, EDIT, ANY OR ALL PARTS OF THIS CONTRACT TO SELL AS THEY SEE FIT