CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT TO SELL made and entered into by and between ALFREDO SANTOS, married, Filipino, of legal age and a resident of Santis Subd. Quezon City, hereafter referred to as the SELLER, and Gloria L. Herrera, Filipino, of legal age and a resident of Sampaguita Subd Cubao, Quezon City hereinafter referred to as the BUYER.
WHEREAS, the SELLER is the registered owner of a parcel of land known as Lot 25-K-15-A, covered and embraced by Transfer Certificate of Tile No. T-418446 which is being offered for sale unto a willing and able purchasers;
WHEREAS, the BUYER has accepted to SELLER’s offer, and has now applied to purchase the same,
THEREFORE, herein parties have agreed and obligated themselves to each other on the following terms and conditions:
- That the price consideration of the sale is FIVE HUNDRED NINETY THOUSAND PESOS (Php 590,000.00), Philippine Currency;
- That the BUYER upon the signing of this contract will pay the SELLER the amount of Two Hundred Thousand Pesos (Php 200,000.00), as down payment; and
- That the remaining balance of THREE HUNDRED NINETY THOUSAND PESOS (Php 390,000.00), to be pad within six (6) months from the date of this contract.
IN WITNESS WHEREOF, we have hereunder set our hands this 25th day of July, 2014, at Cubao, Quezon City.
GLORIA L. HERRERA