CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This Contract to Sell (this “Contract”) is made and executed and entered into this 9 th day
of December, 2022, in Baguio City, by and between: 

RHEZALIE EIRA V. GUILENG, of legal age, Filipino, single, with residence and
postal address at No.12 Km. 8 Asin Road, Tadiangan, Tuba, Benguet in the Philippines,
hereinafter referred to as the “SELLER”;

-AND-

       JIEZLE C. CARVAJAL, of legal age, Filipino, single and with residence and postal
address at No. 25, Barangay Kias, Baguio City in the Phiippines, hereinafter referred to
as the “BUYER”; 

Recitals:

(a) WHEREAS, the SELLER is the absolute and registered owner of a parcel of land
with improvements identified as Lot 26-B Poblacion, Tuba, Benguet in the
Philippines (the “LAND”) and covered by Transfer Certificate of Title No. 123456
containing a total area of EIGHT THOUSAND (8,000sqm) SQUARE METERS,
more or less, issued by the Registry of Deeds of Benguet. A copy of TCT No.
123456 is attached hereto as Annex “A” and made integral part of this Contract;
(b) WHEREAS, the BUYER has offered to buy and the SELLER has agreed to sell
the above-mentioned property under the terms and conditions herein below set
forth;
(c) The parties have agreed that the sale of the Land shall exclude any improvement
made thereon, which improvement shall be demolished and removed by the
SELLER prior to delivery of the Land to the BUYER.

NOW THEREFORE, for and in consideration of the foregoing premises and of the
mutual covenants herein contained, the Parties hereby agree as follows:

The total consideration shall be THREE MILLION FIVE HUNDRED THOUSAND

(P3,500,000.00) Philippine Currency (the “Purchase Price”), payable as follows:

1.1. Fifty percent (50%) of the Purchase Price, which is equivalent to One Million
Seven Hundred Fifty Thousand Pesos (Php1,750,000.00) (the “Down Payment”),
shall be paid upon signing of this Contract and submission by the SELLER the
following:

a. Original owner’s duplicate title over the Land;

b. Original copies of the tax declarations over the Land;
 c. Original copies of the lates official receipts for the realty tax payment, if any,
over the Land;
d. Relocation survey plan signed by a licensed geodetic engineer and duly
validated by the BUYER’S Engineering-Architectural, Structural and Survey
team; and

1.2. The remaining balance of One Million Seven Hundred Fifty Thousand Pesos
(Php1,750,000.00), shall be payable upon the complete submission by the
SELLER of the following documents:

a. Certificate Authorizing Registration (CAR) issued by the BIR on the sale of

land;
b. Signed Deed of Absolute Sale over the Land;
c. Tax Clearance; and
d. Certificate of no improvement.

2. Al pending utility bills, if any, Real Estate Tax up to the time of sale, Documentary
Stamp Tax, shall be for the account of the SELLER.

The amount equivalent to the capital gains tax shall be deducted from the Purchase
Price due to the SELLER and remitted to the Bureau of Internal Revenue by the
BUYER. The SELLER shall be liable for any deficiency should the capital gains tax
turn out to be more than what was deducted from the purchase price by the
BUYER.

3. Notarization fees, Registration Fee, Transfer Fees and all miscellaneous fees and
expenses to transfer the certificate of title in the name of the new owner shall be for
the account of the BUYER.
4. The SELLER warrants that the Land is free from any and all encumbrances of
whatever nature as of date of this Contract, and guarantees the BUYER’S peaceful
use, possession and enjoyment of the Land.
5. On or before her delivery of the Land to the BUYER, the SELLER shall relocate any
informal settlers on the Land.
6. In case of dispute, the BUYER or the SELLER may bring action in the court where
the land is located.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this 9 th day
of DECEMBER year 2022.  

JIEZLE C. CARVAJAL RHEZALIE EIRA G. VICENTE

Buyer Seller
SIGNED IN THE PRESENCE OF:

 ___________________ __________________________
Witness 1 Witness 2

ACKNOWLEDGMENT

Republic of the Philippines

_____________ S.S.
 BEFORE ME, a Notary Public in the City of Baguio, Philippines on this 9 th day of
December 2022, personally appeared the following persons:

Name Competent Evidence of Place/Date Issued

Identity
Rhezalie Eira V. Guileng Driver’s License No. 12345 Baguio City 2021
Jiezle C. Carvajal Passport No. A123BC45 DFA Baguio 2020
 

Known to me and to me known to be the same persons who executed the

foregoing instrument and acknowledged to me that the same are their free act and
voluntary deed.

This instrument, consisting of 4 pages, including the page on which this

acknowledgment is written, has been signed on the left margin of each and every page
thereof by the concerned parties and their witnesses, and sealed with my notarial seal.

 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the place and on the date first above written.

Doc. No.: ___________

Page No.:___________

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