Beruflich Dokumente
Kultur Dokumente
This to the OPTION TO BUY AGREEMENT (this Agreement) executed and entered
into at_________________________, by and between:
- and -
WITNESSETH:
__________________________________________________
WHEREAS, the BUYER reserves the right and privilege to purchase the subject
property at a fixed price upon payment of option money or other considerations, and
within an agreed period or upon complying certain terms and conditions set forth in
this Agreement;
WHEREAS, the SELLER acknowledges the right and privilege accorded to the BUYER
to purchase the property within a certain period at an agreed price upon the
acceptance of the option money as consideration, which is distinct and separate from
the selling price of the property;
WHEREAS, no other right or ownership is vested upon the BUYER by the execution
of this Agreement. The SELLER shall retain full ownership and possession of the
subject property until the BUYER has exercised its right and privilege to purchase
the subject property.
1
NOW, THEREFORE, the parties hereby agree as follows:
1. SELLING PRICE
The total selling price shall be FOUR MILLION PESOS ONLY (P4,000,000.00).
2. OPTION MONEY
The period within which the BUYER may purchase the subject property from
the SELLER shall be THREE (3) MONTHS from the date of this Agreement.
The Capital Gains Tax and Broker's commission shall be for the account of the
SELLER, while the Documentary Stamps, Transfer Tax and Registration Fees
shall be for the account of the BUYER.
SELLER BUYER
By: By:
Husband Husband
2
Wife Wife
ACKNOWLEDGEMENT
I certify that on this date, before me, a notary public duly authorized in the
city named above to take acknowledgements, personally appeared:
Personally known to me and to me known the same persons who executed the
foregoing Agreement and who acknowledged before and their respective signatures on
the instrument were voluntarily affixed by them for the purposes stated therein, and
who declared to me that they have executed the instruments as their free and
voluntary act and deed. This Agreement is composed of three (3) pages, including
this page where and conditions have been attached. All the pages hereof have been
signed by the aforesaid parties and their instrumental witnesses and sealed with my
notarial seal.
Doc. No. ;
Page No. ;
Book No. ;
Series of ___________