JCMER Construction Firm (Seller) hereby acknowledge the receipt of Fifty Thousand Pesos (Php 50,000.00) as reservation free of house and lot located at Lot 06 Blk 05 Silver Land, Laloma Quezon City from Mr. Ronald D. Santos (buyer), a resident of Paglinawan St. Paranaque City on July 15, 2005. The reservation is valid only for one(1) month.
The total cost of the said house and lot is Two Million Eight Hundred Thousand (2.8M). The seller agreed to pay 50% of the total cost which is One Million Four Hundred Thousand (Php 1,400,000.00) on or before August 14, 2005 and the remaining 50% will be payable on January 30, 2006.
In case the seller does not able to do his obligation. The buyer has the right to terminate this agreement and reservation fee is NON-REFUNDABLE.
Homer T. Sanggalang
JCMER Construction Firm Owner
Mr. Ronald D. Santos
Buyer
Sign in the Presence of:
Engr. Merecel L. Herrera
Project Engineer of JCMER Construction Firm
Ms. Anna Marie S. Dalisay
Property Consultant