LETTER OF INTENT TO BUY

Seller : ____________________________
Company: _________________________
Address: __________________________
THRU: _________________________
Subject: ________________________

Gentlemen,

We hereby offer to purchase the above mentioned property for the sum …………………………….
(………………………….) or its value in Philippine Peso under the following terms and Conditions

1. The purchase price shall be paid in cash in following terms of payment.

o The Amount Of ____________________________ (30% ), Representing

Earnest Money Shall Be Payable By The Buyer To The Seller As First Payment.

o The Amount ______________________________________ (30% ) , Shall Be

Paid Upon The Completion Of All The Necessary Documents Regarding To
The Said Parcel Of Land.

o The Remaining Amount Of _______________________________ (40%),

Shall Be Paid Upon Release Of Transfer Of Titles (TCT).

2. Capital Gains Tax, Real Estate Tax, Documentary Stamps and E-VAT (if implemented)
shall be for the account of the seller.

3. Registration Fees, Transfer Fees and other expenses necessary for the issuance of a new
title shall be for the account of the buyer.

4. Seller agrees that the sale shall be based on the …………….. Value.

5. This offer to purchase is made on the representation and warranty of the Owner/Seller,
that he/she holds a good and register able title to the property, which shall be
conveyed clear and free of all liens and encumbrances.

6. Upon consummation of the sale of the subject property, the authorized Real Estate
Brokers …………………………………………... are entitled to a (5%) percent commission based
on the agreed and consummated selling price.

If our offer merits your considerations, kindly give us confirmation through our broker
………………………….. at telephone no. ……………………

Company.

Signatory:
______________________________________

SELLER
 AUTHORITY TO SELL
This is to Authorize ……………………………, to offer for sale our property which details listed
below;

Location : ………………………………………………………………………………………………………………………….

Transfer Certificate of Title No : _________________

Tax Declaration no. : ________________

Land/Unit Area : _________________ sq.m

Selling Price : ________________

Commission rate : ___%

Terms of payment : _________________

EXPENSES TO BE PAID :

SELLER BUYER

1. Capital Gain Tax 1. Documentary Stamp

2. Estate Tax ( BIR ) 2. Transfer Of Title
3. Agent Commission 3. Registration Fees

This authority is hereby issued this ………. day of ……….. 2014 in …… City and shall stay valid
until mutually terminated in writing.

Very truly yours,

____________________
Seller