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  • Deed of Conditional Sale

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    Johari Forcadas
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    This document is a deed of conditional sale between a vendor and vendee for a parcel of land. The vendor agrees to sell the land to the vendee for an agreed upon price that will be paid through the proceeds of a loan the vendee will obtain from Pag-IBIG Fund. The vendor will execute a deed of absolute sale once full payment is received. The vendee agrees to pay any difference if the loan proceeds are less than the price, as well as all taxes and fees involved in the transaction. Both parties agree to the terms and conditions laid out in the deed of conditional sale.

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    DEED OF CONDITIONAL SALE

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    This document is a deed of conditional sale between a vendor and vendee for a parcel of land. The vendor agrees to sell the land to the vendee for an agreed upon price that will be paid through the proceeds of a loan the vendee will obtain from Pag-IBIG Fund. The vendor will execute a deed of absolute sale once full payment is received. The vendee agrees to pay any difference if the loan proceeds are less than the price, as well as all taxes and fees involved in the transaction. Both parties agree to the terms and conditions laid out in the deed of conditional sale.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    232 views3 pages

    Deed of Conditional Sale

    Uploaded by

    Johari Forcadas
    This document is a deed of conditional sale between a vendor and vendee for a parcel of land. The vendor agrees to sell the land to the vendee for an agreed upon price that will be paid through the proceeds of a loan the vendee will obtain from Pag-IBIG Fund. The vendor will execute a deed of absolute sale once full payment is received. The vendee agrees to pay any difference if the loan proceeds are less than the price, as well as all taxes and fees involved in the transaction. Both parties agree to the terms and conditions laid out in the deed of conditional sale.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 3

    DEED OF CONDITIONAL SALE

    This agreement made and executed this _________, day of _____________ by and
    between: ___________________, Filipino, of legal age, married to ____________, and residing
    at _________________, hereinafter referred to as Vendor;

    -and-

    _______________, both of legal age, Filipinos, lawful husband and wife and residing at
    ____________, hereinafter referred to as Vendee.

    WITNESSETH:

    WHEREAS, the vendor is the true and lawful owner of a parcel of land situated in
    ________ covered by and registered under the TCT No. ____________ of the Register of Deeds
    of _______, and which are more particularly described as follows:

    (Description of property)

    WHEREAS, the vendee desired to purchase the above-described property from the
    vendor, with a request that they be allowed to pay _________________ (P_______) through the
    proceeds of the loan they will obtain from the Pag-IBIG Fund.
    WHEREAS, by agreement of the parties, the herein vendor has paid all his account with
    __________ Bank,___________. In fact, the vendor’s mortgage with said bank has already been
    settled, released and cancelled by virtue of a formal Cancellation of Real Estate Mortgage dated
    ___________.

    WHEREAS, the vendor is willing and agreeable to sell the above-described property to the
    vendee on the express condition:
    (1)That he is selling the same to the vendee for _____________ (P________) and he agrees that
    the same be paid, as indicated in this document; (2) The vendor shall execute a Deed of Absolute
    Sale in favor of the vendee only when the said agreed consideration of __________ is received
    by and turned over to the herein vendor, subject to the following understanding:
    (a) That if the proceeds of the vendee’s loan with Pag-IBIG is less than the agreed
    amount of ___________, the vendee shall pay the difference in cash, and
    simultaneously with the signing and execution of the said Deed of Absolute Sale.

    WHEREAS, by agreement of the parties, the vendee shall be the one to shoulder all costs
    of capital gains, transfer tax, documentary stamps, real property taxes, and the costs of
    documentation and notarial fees.

    WHEREAS, the vendor and the vendee have agreed and are amenable to all the above-
    mentioned terms and conditions, as aforementioned.

    NOW THEREFORE, for and in consideration of the amount of _______________ (P


    ___________), due and payable as herein above-provided, and of the mutual terms and
    covenants as above-provided, and of the mutual terms and covenants as above-mentioned, the
    vendor hereby sells, transfers and assigns, the above-described parcels of land, unto and in favor
    of the herein vendee.

    NOW THEREFORE, for and in consideration of the mutual terms and covenants as
    above provided, the parties herein do hereby agree, commit and bind themselves to comply
    faithfully and strictly with the terms and conditions of this DEED of conditions of this Deed of
    Conditional Sale.

    IN WITNESS WHEREOF, etc.

    _____________________________ ________________________
    Vendor Vendee

    Singed in the presence of :

    ___________________________ ________________________
    (ACKNOWLEDGMENT)

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