Professional Documents
Culture Documents
Sample Contract To Sell To Spouses
Sample Contract To Sell To Spouses
-and-
WITNESSETH:
WHEREAS, the VENDOR was given FULL SPECIAL POWER OF ATTORNEY thru extra judicial settlement
with waiver of the heirs of ______________, the sole owner of Lot _____________, covered by Transfer
Certificate of Title No. ____________, more particularly described as follows;
_________
“____________________________________”
WHEREAS, the VENDEE has offered to buy the portion of the above-mentioned property with an area of
___________________________ of the above-mentioned property and the VENDOR has agreed to sell
the same;
1. That the VENDEES shall pay the VENDOR the sum of ________________________________- upon the
execution of this contract and the VENDOR shall undertake to transfer the Title to her name.
2. That after the Title has been transferred by the VENDOR, she will execute a Deed of Absolute Sale in
favor of the VENDEES. The VENDEES shall use the same Title as collateral to the bank and upon release
of the money as proceeds of the loan, the hereinafter VENDEES shall pay the remaining amount of
______________________________________________-.to the VENDOR
3. Granting the application for loan in a bank is denied, the VENDEES shall undertake to pay the VENDOR
the amount of ____________________________________________________.
4. The VENDEES shall take possession of the said lot upon full payment of the purchase price.
5. All the taxes and expenses for the transfer of the title shall be shouldered by the herein VENDEES.
IN WITNESS WHEREOF, the parties have hereunto set our hands this_____________________ at City of
________.
____________________________
Vendor
Spouses
_______________________________
Vendee
___________________________________
Vendee