Absolute Sale Deeds

The deed of absolute sale is used in many real estate sales. A deed is a document that
states that one party is transferring his real estate property rights to another. The deed
proves the transfer, but, if properly recorded with the county recorder, it serves to give
other prospective purchasers notice that all of the seller's rights in the property have
now passed on to another party. An "absolute sale" deed is defined by having no
conditions attached to the sale except the buyer's payment of the purchase price.
When the seller signs and delivers the absolute sale deed, this is generally recognized
by law as the moment of sale. The deed of absolute sale of the contract is the final
contract that will be required by the register of deeds for the transfer of ownership.

The example of deed of absolute sale chosen by the group is regarding the transfer of
a parcel of land of between Manuel Zubiri - the vendor, and Mr. And Mrs. Xxxxxx -
the vendee. It is stated in the deed of sale that both parties are of legal age and has the
legal capacity to enter into a contract since the vendor is the absolute and registered
owner of the house located in the stated address and that the vendee is ready and
willing to purchase the house under the terms and conditions laid out. The deed of
sale also states that the vendor acknowledges the receipt of the sum total amount for
the purchase price of the property. The vendor warrants and ensures that the is free
from any liens and encumbrances and that said VENDOR would defend the title and
rights of the BUYER from any claims of whatever kind or nature from third
persons.Also listed and enumerated in the contract are the list of document
requirements that should be submitted and delivered by the vendee to the vendor in
order to fully execute the contract and transfer of ownership. To summarize, the deed
of sale contains the obligations, rights, and claims of both the vendor and the vendee.
Lastly, The signature of both parties together with the witnesses are present in the
deed of sale which are necessary proof of the validity of the deed.
In the last portion is the acknowledgement by the notary public of the foregoing
instrument.