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CONTRACT TO SELL

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					Unit No.          Building        Floor Level      Phase             Floor Area       CTS No.


                                 CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS:

        This DEED, made and entered into this _______________ at Makati City, by:

                FILIPINIANA TAGAYTAY PROPERTIES, INC., a domestic
        corporation duly organized and existing by virtue of Philippine laws with
        principal offices, business and postal address at the RGV Building, 5470
        Pres. Osmena Sr. Highway, Makati City, represented herein by its
        President, JOSEPH ARNOLD P. VALENCIA, hereinafter referred to as
        the “SELLER”:

                                              -AND-

           Complete Name                                           Civil Status


           If Married, Complete Name of Spouse:                    Citizenship

           Complete Residence Address:



        of legal age, hereinafter referred to as the BUYER;


                                   WITNESSETH: THAT:
        WHEREAS, the SELLER is developing a vacation resort and nature theme park known
as “FILIPINIANA TAGAYTAY” (hereinafter referred to as the “PROJECT”) in accordance with
Republic Act No. 4726, as amended, otherwise known as “The Condominium Act”, and the
Master Deed with Declaration of Restrictions of the Filipiniana Tagaytay Condominium
Corporation and any and all amendments, supplements or addenda thereto (hereinafter known as
the “Master Deed”) executed by the SELLER, located along Kilometer 69 of Tagaytay National
Highway;

         WHEREAS, pursuant to the Master Deed, a condominium corporation to be known as the
Filipiniana Tagaytay Condominium Corporation (hereinafter known as the “Condominium
Corporation”) shall be duly organized and incorporated under and by virtue of the laws of the
Philippines;

         WHEREAS, the BUYER has offered to purchase from the SELLER and the SELLER has
offered to sell to the BUYER, a residential unit in the Project, inclusive of any and all appurtenant
interests thereto;

         NOW, THEREFORE, for and in consideration of the foregoing premises, the prompt and
full payment of the Purchase Price herein below specified, and the BUYER’s faithful compliance
with this Contract, the Master Deed, the Articles of Incorporation, By-Laws and rules and
regulations of the Condominium Corporation, the SELLER has agreed to sell, transfer, and
convey to the BUYER, and the BUYER has agreed to the sale, transfer and conveyance of, a
condominium unit in the Project herein below specified, subject to the following terms and
conditions:

1.      THE UNIT TO BE PURCHASED

        The BUYER agrees to buy from the SELLER, subject to the terms and conditions of this
        Contract, a condominium unit, particularly designated as:

                 Unit No. _______ located at the _____________ Floor of Building
                 ______________ (hereinafter known as the “Unit”) with an approximate
                 floor area of ______________________ square meters (subject to
                 change depending on the refinements in the architectural and
                 construction design of the buildings);
     The sale of the Unit to the SELLER shall include an undivided interest in the common
     areas of the Project (as specified in the Master Deed) and membership in the
     Condominium Corporation to be established pursuant to Section 9 hereof.

2.   PURCHASE PRICE AND MANNER OF PAYMENT

     2.1.   The aggregate purchase price for the Unit herein purchased, inclusive of the
            expanded value added tax (EVAT), shall be PHILIPPINE PESOS:
            ________________________________________________________________
            _________________________ (hereinafter referred to as the “Purchase Price”),
            payable at the principal office of the SELLER, without need of notice or demand,
            pursuant to the Schedule of Payments and/or Payment Scheme, which is hereto
            attached and made an integral part hereof as Annex “A”;

     2.2.   In the event that the SELLER is able to deliver the Unit pursuant to Section 7 of
            this Contract and on a date prior to the due date of any installment as specified
            above, the SELLER shall have the option to accelerate the payment of all
            remaining installments falling due after such delivery date. Should the SELLER
            exercise this option, it shall advise the BUYER in writing of the accelerated due
            date/s of such installments;

            If the SELLER is unable to deliver the Unit pursuant to Section 5 of this Contract,
            the SELLER shall have the option to receive the final installment of the Purchase
            Price on a later date as may be fixed by the SELLER, duly notified to the BUYER
            in writing thirty (30) days prior to such payment date, and which date shall
            correspond to the date of actual physical delivery of the Unit in accordance with
            Section 7 of this Contract.

            Each installment shall be covered by a corresponding post-dated check, all of
            which checks are to be issued and delivered by the BUYER to the SELLER upon
            execution of this Contract. Provided, if the SELLER exercises its option to
            accelerate payment in case of early delivery of the Unit, the BUYER shall, within
            Thirty (30) days from notice from the SELLER, replace the check/s
            corresponding to the unpaid installment/s with a then current dated check/s for
            the entire unpaid portion of the Purchase Price.

     2.3.   Financing

            2.3.1.   If the BUYER obtains financing for the balance of the Purchase Price, or
                     any part thereof, from a bank or financial institution in the Philippines and
                     acceptable to the SELLER, which acceptance is duly evidenced by a
                     written confirmation, the BUYER shall submit his/her loan application to
                     the said bank or financial institution and comply with all the requirements
                     for the processing of loan application within thirty (30) calendar days
                     from the date of payment of the Deposit;

            2.3.2.   The BUYER hereby authorizes the lending bank or financial institution to
                     release directly to the SELLER such amount/s as may be available from
                     his/her approved loan to pay the amounts hereunder stated as it/they
                     become due. The BUYER shall comply with all the requirements of the
                     lending bank or financial institution necessary to expedite the release of
                     the loan, or such amount thereof, necessary to pay the installment/s due,
                     before the dates specified in Annex “A”.

            2.3.3.   Failure of the BUYER to submit the requirements for the loan application
                     to the bank or financial institution within the aforesaid thirty (30)-day
                     period, or the non-release by the bank or financial institution of the
                     payments to the SELLER on or before the dates specified above, for any
                     cause whatsoever, shall give the SELLER the rights specified in Section
                     3 of this Contract. If the SELLER does not exercise the option to cancel
                     this Contract under Section 3 hereof (without prejudice, however, to the
                     exercise of such right at any time), this Contract shall continue to have
                     force and effect, subject to the condition that the BUYER shall pay the
                     SELLER a penalty of four (4%) percent per month (or fraction thereof) of
                     delay on the unpaid amount from the date of default until full payment
                     thereof. It is hereby understood that the aforesaid penalty shall not apply
                     if the delay in the payment was due solely to the fault, negligence or
                     willful failure of the bank or financial institution to remit the amount/s



                                             2
                      necessary to pay the balance/installments within the specified due
                      date/s, there being no fault or contributory negligence on the part of the
                      BUYER.

             2.3.4.   Should the BUYER’s loan application be disapproved by the bank or
                      financial institution, all the amounts due to the SELLER under the
                      attached Annex “A” shall be fully paid by the BUYER within thirty (30)
                      calendar days from the BUYER’s receipt of the bank or financial
                      institution’s formal notice of such disapproval, or in accordance with such
                      payment schedule and terms as may be required by the SELLER,
                      whichever is earlier.

3.   DEFAULT

     3.1.    In the event that (i) the BUYER cancels or terminates this Contract for causes not
             directly attributable to the SELLER; or (ii) the BUYER fails to pay any amount
             due, together with any interest or penalty thereon, on the date or within the
             period herein agreed upon, (iii) any of the postdated checks issued by the
             BUYER is dishonored, or (iv) the BUYER fails to comply with any of the terms
             and conditions, restrictions or obligations mentioned in this Contract, the Master
             Deed, the Articles of Incorporation and By-Laws of the Condominium
             Corporation, and/or such rules and regulations as may be passed by the
             SELLER or the Condominium Corporation relative to the use of the units and
             common areas of the Project before the Deed of Absolute Sale is signed, the
             SELLER may, at its sole option and discretion, cancel and terminate this
             Contract, without need of legal or court action, by giving the BUYER notice
             thereof in writing. Thereupon, the SELLER shall be free to dispose of the Unit as
             if this Contract had not been executed.

             In the event of such cancellation, the SELLER is hereby authorized to forfeit all
             the payments theretofore received by the SELLER from the BUYER.

     3.2.    It is understood that the obligations of the BUYER under this Contract (whether
             or not involving money, remedies or penalties against such BUYER) shall not
             limit or exclude any obligation of, remedy or penalty against, the BUYER under
             the Master Deed, the Articles of Incorporation and the By-Laws of the
             Condominium Corporation, and existing laws, rules and regulations.

4.   RIGHT TO MAKE ALTERATIONS, REPAIRS,
     ADDITIONS OR OMISSION BEFORE DELIVERY

     The SELLER reserves the exclusive right, at any time before the date of actual physical
     delivery of the Unit to the BUYER, to make any necessary alteration, repair, addition or
     omission on the Project or the Unit as the SELLER may deem appropriate, and the said
     alteration, repair, addition or omission shall in no way affect or render void this Contract.
     The difference in cost thereby occasioned shall be added to or deducted from the amount
     of this Contract, as the case may be, by a fair and reasonable valuation to be made by
     the SELLER and which shall be binding on the BUYER. The BUYER hereby authorizes
     the SELLER to amend or cause the amendment of the Master Deed before the date of
     delivery, which may be necessary in order to incorporate therein such alterations, repairs,
     additions or omissions on the Project or the Unit.

5.   THE CONSTRUCTION SCHEDULE

     5.1.    The SELLER shall endeavor to complete the Unit and deliver the same to the
             BUYER within TWENTY FOUR (24) MONTHS from date of this Contract. In the
             event of delay due to force majeure, the SELLER shall be entitled to such
             additional period of time sufficient to enable the SELLER to complete the
             construction of the same.

     5.2.    The term “force majeure” as used herein includes, but not limited to, earthquake,
             typhoon, flood, volcanic eruption, war, blockade, civil disturbance, strike, lockout
             or other industrial disturbance, fire, explosion, governmental or municipal
             restraint or control, court or administrative injunction or order stopping or
             interfering with the work progress, shortage or unavailability of equipment,
             materials or labor or restriction thereof or limitation upon the use thereof, delay in
             transportation, act of third parties, and/or any other condition, event, cause or
             reason beyond the SELLER’s control, which makes it impossible or difficult to



                                              3
            obtain the necessary labor or materials, or which renders the completion of the
            Project within the period herein specified impossible.

     5.3.   However, should such cause or condition render the completion of the Project no
            longer possible or for failure of the SELLER to complete the Project within the
            period specified herein for causes outside of those mentioned in the preceding
            section, the BUYER has an option to ask for reimbursement for and the SELLER
            shall refund all amounts received from the BUYER, without interest and penalty
            and less the real estate broker’s commission; Provided, that, should any such
            amount received by the SELLER have been released to it by the lending bank or
            financial institution as provided under Section 2.3.2 of this Contract, such
            corresponding amount shall be refunded by the SELLER to the bank or financial
            institution concerned. In any event, the Unit (or any part thereof) shall remain the
            property of the SELLER.

6.   LEGAL TITLE AND OWNERSHIP

     6.1.   Legal title to the Unit shall transfer to the BUYER only upon full payment of the
            purchase price, and all other amounts due and payable hereunder or which may
            have accrued thereto, the execution of the Deed of Absolute Sale between the
            SELLER and the BUYER, and upon the performance of all the other obligations
            of the BUYER under this Contract, the Master Deed, and the Articles of
            Incorporation, By-Laws and such rules and regulations as may be passed by the
            SELLER and/or the Condominium Corporation.

     6.2.   The title so conveyed shall be subject to (i) the provisions of Republic Act No.
            4726, as amended; (ii) President Decree No. 957, as amended; (iii) the Master
            Deed; (iv) the Articles of Incorporation and By-Laws of the Condominium
            Corporation; (v) such rules and regulations as may be passed by the SELLER
            and/or the Condominium Corporation to govern the use of the Unit and the
            common areas of the Project; (vi) zoning and other regulations or restrictions on
            the Project and/or use of the Unit as may be imposed by governmental and other
            authorities having jurisdiction thereon; and (vii) the restrictions and easements of
            record, all of which the BUYER hereby agrees to be bound.

     6.3.   After the completion of the Unit and the full payment of the purchase price by the
            BUYER, the parties shall execute or cause the execution of a Deed of Absolute
            Sale evidencing the transfer of legal title in and to the Unit to the BUYER,
            together with a corresponding pro-rate interest in the common areas in the
            Condominium Corporation and upon the full payment by the BUYER of any and
            all taxes, assessments, advances (including that for telephone, electrical and
            water connections), condominium dues, insurance premiums, expenses,
            interests, penalties, charges and other costs which shall be due and payable by
            or which may have accrued against the BUYER under this Contract.

7.   DELIVERY OF THE UNIT

     7.1.   The SELLER shall notify the BUYER in writing of the exact date and time on
            which the Unit shall be ready for delivery to or occupancy by the BUYER. The
            BUYER shall have ten (10) calendar days from receipt of such notice to inspect
            the Unit together with SELLER and notify the SELLER of its acceptance of the
            Unit or inform the SELLER in writing of its request for necessary rectifications or
            adjustments to be made in the Unit, if any. If the BUYER fails to inspect the Unit
            within the said period, the BUYER shall be deemed to have accepted the Unit.

     7.2.   Subject to the prior written approval of the SELLER of the request for
            rectifications or adjustments in the Unit made known by the BUYER, the SELLER
            shall, upon completion of such works, notify the BUYER of the readiness of the
            Unit for final inspection and the BUYER shall have ten (10) calendar days from
            the receipt of such written notice of final inspection to inspect the Unit together
            with the SELLER, but only for the purpose of determining whether the necessary
            rectifications or adjustments requested by the BUYER and duly approved in
            writing by the SELLER in connection with the first inspection have been
            implemented.

     7.3.   The BUYER shall be deemed to have accepted the Unit on the date of final
            inspection if the BUYER fails to inspect the Unit within the period provided
            therefore and/or upon the lapse of said period. Risk of loss or damage to the



                                            4
              Unit, all obligations and assessments provided for in the Master Deed, the
              Articles of Incorporation and By-Laws of the Condominium Corporation, and the
              charges and fees for utilities and services shall automatically be for the account
              of the BUYER from the date of acceptance and actual physical delivery of the
              Unit to the BUYER.

      7.4.    The BUYER shall not occupy the Unit until after the BUYER has (i) fully paid the
              purchase price specified in Section 2 of this Contract, and all other amounts due
              hereunder from the BUYER; and (ii) formally accepted the Unit by signing the
              Acceptance Form prescribed by the SELLER.

8.    OTHER OBLIGATIONS

      In addition to his/her other obligations specified under this Contract, the BUYER
      undertakes to comply with the following obligations and undertakings

      8.1.    Upon the incorporation of the Condominium Corporation, the BUYER shall
              automatically become a member of the Condominium Corporation and shall
              comply with his/her obligations under the Articles of Incorporation, By-Laws, and
              rules and regulations thereof, including, without limitation, the obligation to pay
              assessments and dues to the Condominium Corporation.

      8.2.    Real property taxes and assessment which shall be imposed or which shall
              accrue in connection with the Unit, shall be pro-rated between the SELLER or
              Condominium Corporation on the one hand, and the BUYER on the other, for the
              purpose of making the BUYER liable only for the portion of such taxes or
              assessments which corresponds to the period beginning from the date of receipt
              of the notice of acceptance, as specified in Section 7 of this Contract, until the
              end of the relevant calendar year. Thereafter, all real property taxes and
              assessments, which shall be due on the Unit, shall be for the sole account of the
              BUYER.

      8.3.    The procurement of appropriate insurance for the Unit subject to prior written
              approval of the SELLER and the payment of the premiums therefore from and
              after the date of acceptance (as provided under Section 7 of this Contract), shall
              be the responsibility of the BUYER as provided for under the Master Deed.

9.    CONDOMINIUM CORPORATION

      The SELLER is hereby authorized and empowered to organize a Condominium
      Corporation pursuant to the Master Deed for the principal purposes of (i) holding title to
      areas in the Project, which has been designated as areas for common use; and (ii)
      managing the Project for the common benefit of all the unit owners.

10.   ASSIGNMENT/TRANFSER OF RIGHTS

      10.1.   Upon written notice to the BUYER, the SELLER shall have the right to sell,
              assign or otherwise transfer in any manner any and all of its rights and interests
              under this Contract and/or the Unit; Provided, that such purchaser, assignee or
              transferee shall be bound by the terms and conditions of this Contract with
              respect to the rights of the BUYER.

      10.2.   The BUYER shall not sell or assign any of his/her rights, interests and obligations
              under this Contract to any person or entity without the prior written consent of the
              SELLER. In addition, except in cases of transfers by hereditary succession, the
              BUYER must submit a Certification to the SELLER or the Condominium
              Corporation that the sale, assignment or transfer of his/her rights, interests and
              obligations will not violate any law or regulation limiting the ownership of private
              land to Filipinos or to corporations at least sixty (60%) percent, or such other
              applicable percentage as may hereinafter be required, of the capital of which is
              owned by Filipinos. Any sale, assignment or transaction entered into by the
              BUYER in violation of this condition may, at the option of the SELLER, be
              considered null and void, without prejudice to the right of the SELLER to consider
              the BUYER in default under this Contract.

      10.3.   Any tax, fee, cost and other expense arising from the sale, transfer or
              assignment by the BUYER of any of his/her rights, interests and obligations
              under this Contract shall be for the account of and be paid by the BUYER. In



                                              5
              addition, the BUYER shall pay to the SELLER the amount of PHILIPPINE
              PESOS FIFTEEN THOUSAND (PHP 15,000.00) as fee for the processing of the
              transfer.

11.   WARRANTIES AND LIMITATIONS

      11.1.   The SELLER warrants that the title to the Unit will be free from all liens and
              encumbrances except those liens and encumbrances provided for by law and in
              the Master Deed and those annotated and registered at the back of the
              Condominium Certificate of Title covering the Unit.

      11.2.   The SELLER shall assign to the Condominium Corporation, for the pro-rata
              benefit of all unit owners, all the warranties made to the SELLER by the
              architects, engineers, construction or project managers, contractors and
              suppliers in connection with the plans, specifications, construction materials
              uses, and equipment installed in the Project as provided for under pertinent laws.
              Likewise, the SELLER shall assign to the Condominium Corporation any and all
              rights it may have against such architects, engineers, construction or project
              manager, contractors and suppliers in connection with the Project.

      11.3.   The BUYER acknowledges that the SELLER is not liable to the BUYER for any
              representations or warranties not expressly stated or reiterated in this Contract.

12.   INCORPORATION BY REFERENCE

      The BUYER hereby agrees to be bound by all the terms and conditions of the Master
      Deed and the Articles of Incorporation and By-Laws of the Condominium Corporation,
      copies of which will be duly furnished to the BUYER. The BUYER further confirms that
      his/her obligations under this Contract shall survive the full payment of the purchase price
      and the execution of the Deed of Absolute Sale referred to in Section 6.2 of this Contract.

13.   INSURANCE

      The SELLER is hereby expressly authorized to procure such insurance on the Project
      and related facilities upon completion thereof for the benefit of the Condominium
      Corporation and the BUYER expressly agrees that the premiums paid by the SELLER on
      such insurance shall be charged proportionately against all unit owners in accordance
      with the Master Deed and the Articles of Incorporation and By-Laws of the Condominium
      Corporation.

14.   TAXES AND EXPENSES

      14.1.   In the implementation of this Contract, the BUYER hereby constitutes the
              SELLER as his/her authorized agent to remit directly to the Bureau of Internal
              Revenue (BIR) the amount corresponding to the creditable withholding tax on the
              sale of real property pursuant to relevant BIR rules and regulations. The BUYER
              agrees to pay in full the purchase price and the SELLER undertakes to deduct
              from said payments the amount corresponding to the creditable withholding
              income tax and remit the same amount directly to the BIR pursuant to, and within
              the period provided in, the applicable BIR rules and regulations.

      14.2.   The BUYER shall also be liable for the payment of the capital gains taxes,
              documentary stamp taxes, transfer taxes, registration fees and any other taxes
              (except taxes on the net income of the SELLER or any tax credited thereto),
              expenses and costs in connection with the sale of the Unit, the execution of this
              Contract and the Deed of Absolute Sale, the issuance of the tax declaration and
              the Condominium Certificate of Title covering the Unit. At the appropriate time,
              the SELLER shall send an invoice to the BUYER for these taxes and expenses,
              and the BUYER shall pay the same within the period provided in the invoice.

15.   AMENDMENT OF MASTER DEED

      The provisions of this Contract to the contrary notwithstanding, the SELLER shall have
      the sole right and authority to amend, revise or supplement the Master Deed as it may
      deem reasonably necessary for as long as the Condominium Corporation is not formed
      and organized; Provided, that prior written notice of any such amendment, revision or
      supplement is given by the SELLER to the BUYER.




                                               6
16.   SEPARABILITY CLAUSE

      In case one or more of the provisions contained in this Contract shall be declared invalid,
      illegal, or unenforceable in any respect by a competent authority, the validity, legality and
      enforceability of the remaining provisions herein shall not in any way be affected or
      impaired thereby.

17.   RIGHT OF PROXY

      Notwithstanding the full payment by the BUYER of the purchase price and the transfer of
      the title over the Unit in the name of the BUYER, the BUYER hereby grants to the
      SELLER an irrevocable proxy to vote the BUYER’s interests in the Condominium
      Corporation for a period of five (5) years effective from the registration of the sale of the
      Unit to the BUYER with the Registry of Deeds for the Province of Batangas and the
      formation of the Condominium Corporation. The said proxy is coupled with an interest
      and is granted to the SELLER to ensure that the quality of the condominium building shall
      be maintained at all times.

18.   ADDITIONAL PROVISIONS

      18.1.   This Contract shall not be considered as changed, modified or altered by acts of
              tolerance on the part of the SELLER. All such changes, modifications or
              alterations must be in writing and signed by both parties to this Contract.

      18.2.   This Contract and the rights and obligations of the parties hereunder shall be
              governed by, and construed in accordance with Philippine laws. Should the
              SELLER seek relief in court for the enforcement of this Contract or any of the
              documents hereto attached or incorporated by reference, or any right and
              obligation arising therefrom, or for the protection or redress thereof, the parties
              hereby agree to submit to the jurisdiction of the proper court in the City of Makati,
              Philippines to the exclusion of any other venue. In such event or when the
              SELLER is compelled to seek the assistance of legal counsel by reason thereof,
              the BUYER shall be liable to the SELLER for attorney’s fees equivalent to at
              least twenty percent (20%) of the claim or demand but in no case less than
              PHILIPPINE PESOS: FIFTY THOUSAND (PHP 50,000.00), in addition to the
              costs and expenses of litigation, without prejudice to any and all reliefs or
              remedies to which the SELLER may be entitled under this Contract and in law
              and equity.

      18.3.   If there are two (2) or more buyers under this Contract, the term “BUYER” shall
              collectively refer to both or all of them and the obligations of the BUYER as
              specified herein are deemed contracted by them in a solidary manner.

      18.4.   Pursuant to the Implementing Rules and Regulations of Presidential Decree No.
              957, the agent/broker, if any, who negotiated the sale hereof shall sign as one of
              the witnesses to this Contract.

      18.5.   In case of conflict in the interpretation of plans and specifications of the building,
              or the measurements of the Unit purchases and delivered, the interpretation of
              plans and decisions made by the architects of the Project shall prevail.

      18.6.   Any notice, demand or claim required or permitted to be given hereunder shall be
              in writing and sent by registered mail, return receipt requested, or by facsimile or
              electronic mail with verifiable answerback, or personal delivery addressed to the
              intended party at his/her/its address or facsimile number or e-mail address set
              out in this Contract. Any such notice, demand, or claim shall deemed to have
              been received (if by personal delivery or facsimile or e-mail) immediately of (if by
              registered mail) seven (7) days after posting.               All notices and other
              communications required or permitted to be given hereunder shall be given in
              writing (and for this purpose shall include telex or fax transmissions), and shall be
              addressed to the appropriate parties as provided for in this Contract.

      18.7.   No failure or delay by the SELLER in exercising any right, power or privilege
              under this Contract shall be construed as a waiver thereof nor any single or
              partial exercise thereof shall preclude any other or further exercise thereof or the
              exercise of any other right, power, or privilege. Moreover, acceptance by the
              SELLER of any payment made in a manner or at any time other than as herein




                                               7
                provided shall not construed as a variation, novation or waiver of the terms
                hereof.




        18.8.   This Contract and all other documents executed in relation to or in connection
                with this transaction shall constitute the entire agreement between the parties
                and supersedes any and all prior understandings and agreements, whether oral
                or written, between them. The SELLER is not and shall not be bound by any
                stipulations, representations, agreements or promises, oral or otherwise, not
                contained in this Contract or any document incorporated herein, unless stipulated
                to the contrary.

        18.9.   All covenants hereof shall extend to and be obligatory on the heirs, personal
                representatives, successors, administrators and assigns (as the case may be) of
                the parties.

        IN WITNESS WHEREOF, the parties have hereunto signed these presents at the place
and on the date first above-written.


        FILIPINIANA TAGAYTAY PROPERTIES, INC.
        TIN:
        SELLER
        by:



                JOSEPH ARNOLD P. VALENCIA                   _________________________
                        President                                    TIN:
                                                                    BUYER

                                SIGNED IN THE PRESENCE OF:




       Signature Over Printed Name                           Signature Over Printed Name
Complete Residence Address:                           Complete Residence Address:




                                  ACKNOWLEDGMENT



REPUBLIC OF THE PHILIPPINES)
MAKATI CITY                             ) S.S.,


       BEFORE ME, a Notary Public for and in Makati City, this _______________, personally
appeared:

                                         Comm. Tax Cert
                Name                      Passport No.          Date Issued       Place Issued
Filipiniana Tagaytay Properties, Inc.
Joseph Arnold P. Valencia




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known to me and to me known to be the same persons who executed the foregoing instrument
and they acknowledged to me that the same is his free and voluntary act and deed as well as that
of the principal he represents.




         The foregoing instrument, consisting of ___ ( ) PAGES, including the page whereon this
Acknowledgment is written, refers to a Contract to Sell of a Condominium Unit forming an integral
part of Filipiniana Tagaytay Project located along the National Highway at Km. 69, Municipality of
Laurel, Province of Batangas, and has been signed by them and their instrumental witnesses at
each and every page hereof.

        WITNESS MY HAND AND SEAL on the date and at the place first above-written.




Doc. No.___________;
Page No. __________;
Book No. __________;
Series of 200__




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