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Deed of Transfer of Rights
Deed of Transfer of Rights
Deed of Transfer of Rights
-and-
WITHNESSETH THAT:
WHEREAS, the TRANSFEROR has acquired all rights and interest to one
(1) condominium unit known as VICTORIA STATION 2 project, particularly
identified as Unit 1345, located at EDSA, QUEZON CITY;
TRANSFEREE hereby agrees to assume and comply fully with all the
obligations of the TRANSFEROR under the aforesaid Option Agreement
including payments of utilities such as water, electric bill, and the like consequent
to use and possession of said condominium unit. TRANSFEREE further
undertakes to comply with all the restrictions imposed on the unit subject hereof
by the Condominium Corporation of the Project;
Upon full payment of the total consideration under this deed, evidenced
by either the written acknowledgement of such fact by TRANSFEROR or such
other proof of the encashment of all issued check, this deed shall be considered
as a Deed of Absolute Transfer of Rights over said condominium unit to and
in favor of TRANSFEREE for all legal intents and purposes, the TRANSFEROR
further undertake to execute and deliver to TRANSFEREE any and all such
documents and papers necessary and convenient to effect transfer of ownership
in favor of TRANSFEREE over said condominium unit as may be required under
the terms of the aforesaid Option Agreement;
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It is understood however, that all the consequential expenses for said
transfer of ownership, documentary stamp, and such other fees, shall be borne
by the TRANSFEREE.
Transferor Transferee
Transferee’s Spouse
_____________________________ _____________________________
ACKNOWLEDGEMENT
BEFORE ME, a notary public for and in Quezon City, personally appeared:
NOTARY PUBLIC
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