For advice on forms, you may contact J.A.B. Bulao & Associates at jabblaw@yahoo.com or send a message to  Cell No. 09155205254. Our Address is at BSA Tower, 108 Legaspi St., Makati City (in front of Greenbelt 5).

DEED OF ABSOLUTE SALE

This Deed of Absolute Sale, made and entered into this __________________  at Makati City, Philippines, by and between:

MARCOS  AND ASSOCIATES, with office address at Suite 1234 Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City, represented in this act by the sole partners ATTY. RAMON MARCOS and ATTY. JUAN MARCOS, hereinafter referred to as the “SELLERS”

– and –

SXS HOLDINGS, INC., a domestic corporation, duly organized and existing under Philippine laws with address at __________________________________, represented in this act by  _________________, hereinafter referred to as the “BUYER”

WITNESSETH: that-

 

WHEREAS, the SELLERS is the legal registered owner of Unit No. 1111 with Parking Unit No. C-1111 and Unit 2222 with Parking Unit No. C-2222 located at the 44th Floor, Ayala Triangle, Tower I, Ayala Avenue, Makati City, respectively covered by Condominium Certificate of Title Nos. 8555 and 8556 issued by the Register of Deeds of Makati City (hereinafter referred to as the “PROPERTY”), more particularly described as follows:

Condominium Certificate of Title No. 85555

Register of Deeds for Makati City

 

“Unit 1111 with Parking Unit No. C-1111, located on the fourteenth floor of the AYALA TRIANGLE TOWER I, with a Net floor area of 95.00, common area of 26.20 and a total area of 121.20”.

Condominium Certificate of Title No. 85556

Register of Deeds for Makati City

 

“Unit 2222 with Parking Unit No. 2222, located on the fourteenth floor of the AYALA TRIANGLE TOWER I, with a Net floor area of 100.00, common area of 27.60 and a total area of 127.60”.

WHEREAS, the SELLERS wishes to sell and the BUYER has agreed to purchase the PROPERTY free from all liens and encumbrances of any kind and nature;

NOW, THEREFORE, for and in consideration of the foregoing premises and more particularly for the price of THIRTEEN MILLION PESOS (PHP13,000,000.00), Philippine Currency, the receipt whereof is hereby acknowledged from the BUYER to the entire satisfaction of the SELLERS, the said SELLERS does hereby sell, transfer and convey in a manner absolute and irrevocable unto the said BUYER, their heirs and assigns, the  said    PROPERTY    including    all    the   rights and interests in the

PAGE 02/

 

common areas, and the interests in the condominium corporation appurtenant to such PROPERTY, and subject further to:

 

a)                 The provisions of the Condominium Act;

b)                 The Master Deed with the Declaration of Restrictions;

 

c)                  The Articles of Incorporation and the By-Laws of the condominium corporation;

d)                 The restrictions, limitations and easements of record;

e)                 The zoning or other restrictions upon the use of the property as may be imposed by the Government and other government authorities having jurisdiction over the same.

The payment of the capital gains tax due on the sale of the Property shall be for the sole account of the SELLERS. The documentary stamp taxes on the sale of the Property from the SELLERS to the BUYER, transfer tax and the expenses for registration of the Property in the name of the BUYER shall be for the sole account of the BUYER.

IN WITNESS HEREOF, we have hereunto set our hands on the date and at the place first indicated above.

MARCOS AND ASSOCIATES                     SXS HOLDINGS, INC.

Sellers                                                        Buyer  

 

 

 

 

By:                                                              By:    _____________________

 

                                                                             _____________________ 

 

 

ATTY. RAMON MARCOS

Partner

 

ATTY. JUAN MARCOS                                       

Partner

 

SIGNED IN THE PRESENCE OF

 

_______________________           _______________________

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ACKNOWLEDGMENT

Republic of the Philippines)

Makati City                        ) S.S.

BEFORE ME, a Notary Public for and in the above-indicated locality, on this ____________________ personally appeared:

 

NAME:                           RES. CERT. NO./                   DATE/PLACE ISSUED:                                                 Passport No.

ATTY. RAMON 

     MARCOS                   _________________           __/__/__/_____________

ATTY. JUAN

     MARCOS                    _________________           __/__/__/_____________

 

SXS HOLDINGS, INC.      _________________           __/__/__/_____________

 

________________________          _________________           __/__/__/_____________

 

known to me and to me known to be the same persons who executed the foregoing Deed of Absolute Sale  and acknowledged to me that the same is their free and voluntary act and deed.

I HEREBY CERTIFY that this instrument which consists of three (3) pages, including this page whereon this Acknowledgement is written, have been signed by the parties and their instrumental witnesses on the appropriate spaces on page two (2) and on the left margin of the other pages, and refers to the Deed of Absolute Sale covering two condominium units located at the 14TH Floor of Ayala Triangle, Tower 1, Ayala Avenue, Makati City, Philippines and covered by Condominium Certificate of Title Nos. 85306 and 85307, issued by the Register of Deeds of Makati City 

WITNESS MY HAND AND SEAL on the date and at the place first above-written.

Doc. No.  _____;

Page No. _____;

Book No. _____;

Series of ______.