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Deed of sale

Deed Of Sale House And Lot

0. What are the steps involved in using a deed of sale ? 

  1. Preparation of the deed: The deed of sale should be properly prepared and include all relevant details such as the names of the parties involved, the description of the property being sold, the purchase price, and any terms and conditions of the sale. 
  2. Negotiation and agreement: Both parties should negotiate and agree on the terms of the sale, including the purchase price, financing terms, and any contingencies. 
  3. Signing of the deed: Both parties should sign the deed of sale in front of witnesses and/or a notary public, who will then certify the signatures. 
  4. Delivery of the deed: The signed and certified deed of sale should be delivered to the buyer and any relevant government agencies or institutions, such as the local land registry. 
  5. Payment of the purchase price: The buyer should pay the agreed-upon purchase price to the seller, who will then provide a receipt for the payment. 
  6. Transfer of ownership: The transfer of ownership should be recorded with the relevant government agencies, and the buyer should receive a new title to the property. 

Note: The steps involved in using a deed of sale can vary depending on the jurisdiction and local laws. It is advisable to seek the assistance of a lawyer to ensure the process is done correctly.

1. What is a deed of sale house and lot? 


A deed of sale house and lot is a legal document that is used to transfer ownership of a property. The document is signed by the buyer and the seller and is usually filed with the county recorder.

2. What are the benefits of using a deed of sale? 


A deed of sale is a legal document that is used to transfer the ownership of property. The document is signed by the buyer and the seller, and is recorded in the county where the property is located. The benefits of using a deed of sale include: 

-The document is a legal document that is used to transfer the ownership of property.
-The document is signed by the buyer and the seller, and is recorded in the county where the property is located.
-The document can be used to prove ownership of the property.
-The document is often used when purchasing property.

3. What are the requirements for using a deed of sale? 

A deed of sale is an official document used to transfer ownership of real property. In order to use a deed of sale, the property must be free and clear of any liens or encumbrances. The document must also be signed by the property owner and a notary public.



Extract :

CONTRACT TO SALE

 

 

KNOW ALL MEN BY THESE PRESENTS:

 

         This CONTRACT TO SELL, made and executed this 9th day of March, 2017 by and between

        

         That JOHN CARLO T. PAJO (the “SELLER/VENDOR”), Filipino, of legal age, single, a resident at 8 APACIBLE STREET, SAN LORENZO, MAKATI CITY, hereinafter referred to as the “SELLER/VENDOR”;

 

-AND-

 

         BRIXTON VINCENT G. REYES (the “BUYER/VENDEE”), Filipino, of legal age, single, a resident at 12 LILY ST., SSS VILLAGE, MARIKINA CITY, hereinafter referred to as the “BUYER/VENDEE”.

 

WITNESSETH;

 

         WHEREAS, the SELLER/VENDOR is the absolute and registered owner of a parcel of land consisting of THREE HUNDRED (300) square meters, more or less, located at Block Five (5) Lot One (1) Venesia Street corner Havana, Camella 2-D Alabang, Muntinlupa City, Metro Manila and covered by Transfer Certificate of Title No. 10035 issued by the Registry of Deeds of Muntinlupa City, the house built located therein, and all its improvements;

 

         WHEREAS, the BUYER/VENDEE has offered to buy and the SELLER/VENDOR has agreed to sell the above-mentioned property under the terms and conditions herein below set forth;

 

         NOW THEREFORE, for and in consideration of the total sum of SEVEN MILLION FIVE HUNDRED THOUSAND (Php 7,500,000.00) Philippine Currency, and of the covenants herein after set forth the SELLER/VENDOR agrees to sell and the BUYER/VENDEE agrees to buy the previously mentioned property subject to the following terms and conditions:

 

1.      The total consideration shall be SEVEN MILLION FIVE HUNDRED THOUSAND (Php 7,500,000.00) Philippine Currency, payable as follows:

 

a.     The amount of FIVE HUNDRED THOUSAND (Php 500,000.00) PESOS, check, representing earnest money shall be payable by the BUYER/VENDEE to the SELLER/VENDER upon signing of this Contract to Sell;

 

b.    The remaining balance in the amount of SEVEN MILLION (Php 7,000,000.00) PESOS, shall be paid though checks to be issued by the BUYER/VENDEE in favor of the SELLER/VENDOR by portions amounting to SEVEN HUNDRED THOUSAND (Php 700,000.00) every last day of each calendar month starting March of 2017 until January of 2018.

 

c.     In case the check representing the payment for the balance provided in paragraph b hereof, is dishonored by the drawee bank, the earnest money in the amount of FIVE HUNDRED THOUSAND (Php 500,000.00) PESOS, shall be forfeited in favor of the SELLER/VENDOR.

 

2.     Capital Gains Tax and Real Estate Tax, shall be for the account of the SELLER/ VENDOR;

 

3.     Documentary Stamps Tax, Registration Fee, registration expenses, and all the other miscellaneous fees and expenses shall be to the account of the BUYER/VENDEE;

 

4.    Possession to the subject property shall be delivered by the SELLER/VENDOR to the BUYER/ VENDEE upon full payment of the total consideration;

 

5.     Upon full payment of the total price, the SELLER/VENDOR shall sign and execute a DEED OF ABSOLUTE SALE in favor of the BUYER/VENDEE. The SELLER/VENDOR shall likewise execute and/or deliver any and all documents, including but not limited to the original copy of the Transfer Certificate of Title, Tax Declaration and all other documents necessary for the transfer of ownership from SELLER/VENDOR to the BUYER/VENDEE.

 

         IN WITNESS, WHEREOF, they have hereunto affixed their hand this 9th day of MARCH 2017 at CAMELLA HOMES CENTRE, CAMELLA 2-D ALABANG, MUNTINLUPA CITY, METRO MANILA, Philippines.