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    Earnest Money Receipt Agreement (Final)

    Uploaded by

    v_sharon
    1) Janice Majam Oledan paid 100,000 PHP in earnest money to Cris Sherai Ann Gravo-Calubiran for a parcel of land in Tacloban City. 2) The total purchase price is 1,000,000 PHP, with the balance to be paid by March 2, 2020. 3) If the balance is not paid by that date, the seller can terminate the agreement and sell the land to someone else, retaining 30,000 PHP of the earnest money.

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    Earnest Money Receipt Agreement (Final)

    Uploaded by

    v_sharon
    109 views1 page
    1) Janice Majam Oledan paid 100,000 PHP in earnest money to Cris Sherai Ann Gravo-Calubiran for a parcel of land in Tacloban City. 2) The total purchase price is 1,000,000 PHP, with the balance to be paid by March 2, 2020. 3) If the balance is not paid by that date, the seller can terminate the agreement and sell the land to someone else, retaining 30,000 PHP of the earnest money.

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    earnest money receipt agreement (final)

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    1) Janice Majam Oledan paid 100,000 PHP in earnest money to Cris Sherai Ann Gravo-Calubiran for a parcel of land in Tacloban City. 2) The total purchase price is 1,000,000 PHP, with the balance to be paid by March 2, 2020. 3) If the balance is not paid by that date, the seller can terminate the agreement and sell the land to someone else, retaining 30,000 PHP of the earnest money.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    109 views1 page

    Earnest Money Receipt Agreement (Final)

    Uploaded by

    v_sharon
    1) Janice Majam Oledan paid 100,000 PHP in earnest money to Cris Sherai Ann Gravo-Calubiran for a parcel of land in Tacloban City. 2) The total purchase price is 1,000,000 PHP, with the balance to be paid by March 2, 2020. 3) If the balance is not paid by that date, the seller can terminate the agreement and sell the land to someone else, retaining 30,000 PHP of the earnest money.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    EARNEST MONEY RECEIPT AGREEMENT

      
    Received from JANICE MAJAM OLEDAN, of legal age, Filipino, single and resident
    of 19A Matutum St., Sta. Mesa Heights, Quezon City, the sum of  One Hundred Thousand
    Pesos (Php 100,000.00) in cash representing EARNEST MONEY for payment of a parcel of
    land designated as Lot No. 5959-E-5-A-8 situated at Brgy. Nula-Tula, Tacloban City, more
    particularly described as follows:

    Transfer Certificate of Title No. T-67996


    Tax Declaration No. 2012-02-0025-01124

    “parcel of land designated as Lot 5959-E-5-A-8 of the subdivision


    plan Psd-08-008196-D, being a portion of Lot 5959-E-5-A, Psd-08-
    004028 situated in the Barangay of Nula-Tula, City of Tacloban,
    Province of Leyte containing an area of Two Hundred (200) square
    meters, more or less. Bounded as follows:

    SE Along line 1-2 By Road Lot 28 (15.00m wide) Pcs-08-000376-D


    SW Along line 2-3 By Lot 5959-E-5-A-7 of this subdivision
    NW Along line 3-4 By lot 5959-D-3-D, Psd-08-003011-D
    NE Along line 4-1 By lot 5959-E-5-A-9 of this subdivision

    This EARNEST MONEY forms part of the purchase price of ONE MILLION PESOS


    (Php1,000,000.00). The balance and full payment shall be paid on or before March 2, 2020.
     
    The BUYER hereby reserves the exclusive right to purchase the aforementioned
    property and the SELLER cannot offer the aforementioned property to any third party until
    the above-mentioned date (March 2, 2020).
     
    Upon full payment, the SELLER shall execute a DEED OF ABSOLUTE SALE in favor
    of the BUYER, conveying the subject property with full warranty of a legal and valid title as
    provided by law, free and clear from any liens and encumbrances.
     
    Upon execution of the DEED OF ABSOLUTE SALE, the BUYER shall undertake the
    payment of the Capital Gains Tax, Documentary Stamps Tax, Transfer
    Tax, Registration Fee, notarization fee of the deed of sale, and all other expenses necessary
    to transfer the title of the property under his name.
     
    In case of voluntary cancellation of this agreement by the BUYER without any cause
    on the part of the SELLER or if the BUYER fails to pay the full purchase price on or before
    March 2, 2020, then the SELLER shall have the right to terminate this agreement, and the
    above-described parcel of land may be offered to another prospective buyers. BUYER
    further agrees to forfeit Thirty Thousand Pesos (Php30,000) from the earnest money as
    liquidated damages.

      IN WITNESS WHEREOF, we have hereunto set my hand this 21 st day of February


    2020 at Palo, Leyte, Philippines.

    CRIS SHERAI ANN GRAVOSO-CALUBIRAN JANICE M OLEDAN


    Seller Buyer
    Personally known

    SUBSCRIBED and SWORN TO BEFORE ME this 21st day of February 2020 at Palo,
    Leyte, Philippines.

    Doc: 339
    Page: 68 ATTY. SHARON R. VILLONES
    Book: III Notary Public
    Series of 2020 IBP Lifetime No. 017319
    Roll No. 67394/May 24, 2017
    PTR No. 3863160/Jan 7, 2020/Palo, Leyte
    N.C. No. 2019-01-53 valid until Dec 2020

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