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Deed of
Sale of Registered Land (Full name of vendor), Filipino, of legal age, single (or married to ______________________ with residence and post-office address at __________________________ hereinafter called the VENDOR, and (full name of vendee), Filipino,
of legal age, single (or
married to _______________________),
with residence and Witnesseth: That the VENDOR is the absolute owner of a certain parcel of land with all the buildings and improvements thereon, situated in _________________, and more particularly described as follows, to wit: (Copy description stated in certificate of
title), His title thereto being evidenced by Transfer (or Original) Certificate of Title No. issued by the Register of Deeds
of; That the VENDOR, for and in consideration of the sum of ____________________ PESOS (P_____________) Philippine currency, to him in hand paid and receipt whereof is- hereby acknowledged, does hereby SELL, TRANSFER, and CONVEY, under PACTO DE RETRO unto the said VENDEE, his heirs and assigns, the above described property with all the buildings and improvements thereon, free from all liens and encumbrances whatsoever That the VENDOR, in executing this conveyance, hereby reserves the right to REPURCHASE, and the VENDEE, in accepting same, hereby obligates himself to RESELL, the property herein conveyed within a period of ___________________years from and after the date of this instrument, for the same price of _____________________ PESOS (P_______________), Philippine currency: Provided however, that if the VENDOR shall fail to exercise his right to repurchase as herein granted within the period stipulated, then this conveyance shall become absolute and irrevocable, without the necessity of drawing up a new deed of absolute sale, subject to the requirements of the law regarding consolidation of ownership of real property. IN WITNESS
WHEREOF, the parties hereto have hereunto set their hands this _____
day of _________________________, 19_____, in ______________________,
With my marital
consent: |