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    Atty Agubamemorandum of Agreement

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    Bayan Ng Ramon
    This memorandum of agreement is between Mercedita T. Dumlao and Jesus D. Laddaran regarding a 9,210 square meter parcel of land owned by Dumlao. Dumlao appoints Laddaran as the administrator and grants him exclusive authority to negotiate the sale of the property. Laddaran will receive a 25% commission from the net proceeds of any sale. Laddaran can employ other parties to assist him and will be responsible for their payment. He must also notify Dumlao of any direct offers and pay taxes and expenses for maintaining the land.

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    © All Rights Reserved
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    Atty Agubamemorandum of Agreement

    Uploaded by

    Bayan Ng Ramon
    94 views2 pages
    This memorandum of agreement is between Mercedita T. Dumlao and Jesus D. Laddaran regarding a 9,210 square meter parcel of land owned by Dumlao. Dumlao appoints Laddaran as the administrator and grants him exclusive authority to negotiate the sale of the property. Laddaran will receive a 25% commission from the net proceeds of any sale. Laddaran can employ other parties to assist him and will be responsible for their payment. He must also notify Dumlao of any direct offers and pay taxes and expenses for maintaining the land.

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    This memorandum of agreement is between Mercedita T. Dumlao and Jesus D. Laddaran regarding a 9,210 square meter parcel of land owned by Dumlao. Dumlao appoints Laddaran as the administrator and grants him exclusive authority to negotiate the sale of the property. Laddaran will receive a 25% commission from the net proceeds of any sale. Laddaran can employ other parties to assist him and will be responsible for their payment. He must also notify Dumlao of any direct offers and pay taxes and expenses for maintaining the land.

    Copyright:

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

    Atty Agubamemorandum of Agreement

    Uploaded by

    Bayan Ng Ramon
    This memorandum of agreement is between Mercedita T. Dumlao and Jesus D. Laddaran regarding a 9,210 square meter parcel of land owned by Dumlao. Dumlao appoints Laddaran as the administrator and grants him exclusive authority to negotiate the sale of the property. Laddaran will receive a 25% commission from the net proceeds of any sale. Laddaran can employ other parties to assist him and will be responsible for their payment. He must also notify Dumlao of any direct offers and pay taxes and expenses for maintaining the land.

    Copyright:

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

    MEMORANDUM OF AGREEMENT

    KNOW ALL MEN BY THESE PRESENTS

    This MEMORANDUM OF AGREEMENT is entered into this ___th of


    September 2018 in the City Parañaque, Metro Manila, Philippines by and between
    MERCEDITA T. DUMLAO, of legal age, married, Filipino and presently residing
    at No. 79 Thomas St., Multinational Village, Paranaque City, hereinafter referred to
    as the FIRST PARTY; and

    JESUS D. LADDARAN, Filipino, of legal age, married and resident of NIA


    Compound, Ambatali, Ramon, Isabela herein after referred to as the SECOND
    PARTY;
    WITNESSETH

    WHEREAS, the subject of this memorandum of agreement is a parcel of land


    covered by Transfer Certificate of Title No. 47185 duly registered in the name of
    the FIRST PARTY more particularly described as follows:
    “A parcel of land (Lot 3905 of the Cadastral Survey of
    Paranaque, Cad 299, Plan Ap-04-002746, LRC Case No.
    M- 50, LRC Record No. N – 58513) situated in the Barrio
    of La Huerta, Municipality of Paranaque, Metro
    Manila. containing an area of NINE THOUSAND TWO
    HUNDRED TEN (9,210) square meters more or less.”

    WHEREAS, the FIRST PARTY is the absolute owner of the said property
    and that she warrants that she has a good title thereto, and that the land is not subject
    to any encumbrances or liens, and has no pending claims against her;

    WHEREAS, the herein parties shall commit and bind themselves to the
    following agreement:
    1. The FIRST PARTY shall appoint and constitute the SECOND PARTY as
    the ADMINISTRATOR of the subject land and hereby granted the exclusive
    authority to negotiate and transact for the sale and conveyance of the subject
    property;
    2. The FIRST PARTY hereby grants the SECOND PARTY to represent the
    latter to any governmental instrumentalities that may be involved in the transactions
    or negotiation with respect to the subject land:
    3. The SECOND PARTY in the event of a contract for the conveyance/sale
    of the property is to be executed and entered by the FIRST PARTY and the would
    be BUYER, the FIRST PARTY shall deliver Twenty Five (25) Percent from the
    NET Proceeds of the transaction as Administrator- Agent Commission
    4. The stated Twenty Five (25%) Percent commission shall be for the account
    of the SECOND PARTY who is given the leeway to employ or commission other
    parties for purposes of the authorities given to him, and SECOND PARTTY shall
    be responsible for the payment of the services under his line;
    5. The SECOND PARTY by virtue of his being the administrator of the
    property shall be notified of any direct offer or proposal pertaining to the subject
    land that will be made by other parties;
    6. The SECOND PARTY as Administrator shall cause the settlement of taxes
    due and other necessary expenses for the preservation of the subject land, and that
    any expenses incurred shall be subject to reimbursement from the FIRST PARTY.

    IN WITNESS HEREOF, the parties by their free will and accord has set their
    signatures this ____th day of September 2018, at Paranaque City, Metro Manila,
    Philippines.

    MERCEDITA T. DUMLAO JESUS D. LADDARAN


    First Party/Owner Second Party/Administrator
    ID NO______________ ID No________________

    WITNESSES

    ____________________________ ____________________________

    ACKNOWLEDGEMENT

    Republic of the Philippines}


    City of Paranaque………...}
    x--------------------------------X

    BEFORE ME, a notary public for and in the City of Paranaque this ___th
    day of ________________, 2018 personally appeared the parties who exhibited to
    me their authentic identification documents appearing below her typewritten name
    above is known to me to be the same person who executed the foregoing instrument
    and acknowledged to me that the same is her own free act and voluntary deed.
    WITNESS MY HAND AND SEAL on the date and place first above
    mentioned.

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