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    Conditional Deed of Assignment With Waiver of Rights

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    jasper_arrozal
    This document is a conditional deed of assignment with waiver of rights between two parties for a real property. One party agrees to waive their hereditary share of the real property owned by their late parents in exchange for PHP 100,000 to be paid in installments by the other party. Upon full payment, the assigning party agrees to waive, cede, and transfer their share of the real property to the other party and acknowledge they have no further rights to the property.

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    Conditional Deed of Assignment With Waiver of Rights

    Uploaded by

    jasper_arrozal
    2K views2 pages
    This document is a conditional deed of assignment with waiver of rights between two parties for a real property. One party agrees to waive their hereditary share of the real property owned by their late parents in exchange for PHP 100,000 to be paid in installments by the other party. Upon full payment, the assigning party agrees to waive, cede, and transfer their share of the real property to the other party and acknowledge they have no further rights to the property.

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    CONDITIONAL DEED OF ASSIGNMENT WITH WAIVER OF RIGHTS

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    This document is a conditional deed of assignment with waiver of rights between two parties for a real property. One party agrees to waive their hereditary share of the real property owned by their late parents in exchange for PHP 100,000 to be paid in installments by the other party. Upon full payment, the assigning party agrees to waive, cede, and transfer their share of the real property to the other party and acknowledge they have no further rights to the property.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views2 pages

    Conditional Deed of Assignment With Waiver of Rights

    Uploaded by

    jasper_arrozal
    This document is a conditional deed of assignment with waiver of rights between two parties for a real property. One party agrees to waive their hereditary share of the real property owned by their late parents in exchange for PHP 100,000 to be paid in installments by the other party. Upon full payment, the assigning party agrees to waive, cede, and transfer their share of the real property to the other party and acknowledge they have no further rights to the property.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    CONDITIONAL DEED OF ASSIGNMENT WITH WAIVER OF RIGHTS

    KNOW ALL MEN BY THESE PRESENTS:

    This Conditional Deed of Assignment with Waiver of Rights is entered into by and between:

    xxx, of legal age, Filipino, married, and a resident of _, to be hereinafter referred to as the
    “ASSIGNOR”;

    -AND-

    xxx, of legal age, Filipino, single, and a resident of _, to be herein after referred to as the
    “ASSIGNEE”;

    WITNESSETH, THAT:

    The ASSIGNOR, in consideration of the amount of ONE HUNDRED THOUSAND PESOS


    (Php100,000.00) Philippine Currency, shall waive any and all of his proportionate hereditary
    share over the Real Property situated at _, which was previously owned by their late parents over
    to the ASSIGNEE.

    That the ASSIGNOR shall be paid by the ASSIGNEE the amount of FORTY THOUSAND
    PESOS (Php40,000.00) Philippine Currency upon execution of this Conditional Deed of
    Assignment with Waiver of Rights.

    That the ASSIGNOR shall be paid by the ASSIGNEE the amount of TEN THOUSAND PESOS
    (Php10,000.00) Philippine Currency per month for six (6) months, or until such time the balance
    is fully paid.

    That the ASSIGNOR, upon full payment of the considered amount of ONE HUNDRED
    THOUSAND PESOS (Php100,000.00) Philippine Currency, shall WAIVE, CEDE, and TRANSFER his
    proportionate hereditary share over the said Real Property in favor of the ASSIGNEE and
    acknowledges that he no longer has any rights whatsoever over the said Real Property.

    That this agreement shall be binding and extends to each party’s heirs, assignees, and
    successors in interest.

    That both parties fully understood the terms and conditions stated thereof, and the same
    was done on their own free will and consent, neither each party was coerced or forced to enter
    into such agreement;

    That in the event of any judicial proceedings arising from this Deed, the same shall be
    brought to the Court of Angeles City.

    IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this _____ day
    of ___________________ in __________________, Philippines.

    xxx xxx
    Assignor Assignee
    Signed in the presence of:

    ________________________ ________________________

    ACKNOWLEDGMENT

    BEFORE ME, a Notary Public, for and in ________________________, Philippines,


    personally appeared this _____ day of ____________________:

    NAME ID/PASSPORT NO. EXPIRY DATE PLACE OF ISSUE


    xxx
    xxx

    Known to me to be known to be the same person who executed the foregoing Conditional
    Deed of Assignment with Waiver of Rights covering a Real Property situated at _, consisting of
    TWO (2) pages including the page where this acknowledgement is written and acknowledged to
    me that the same is their free and voluntary act and deed.

    WITNESS MY HAND AND SEAL this _____ day of ___________________ in


    __________________, Philippines.

    NOTARY PUBLIC

    Doc. No.
    Page No.
    Book No.
    Series of 20_.

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