condo sales contract

8/21/2019 Condo Sales Contract

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ESPERAS, ROCHEAN MAY M.

Art. 1458. By the contract of sale one of the contractn! "artes o#l!ates h$self to transfer

the o%nersh" an& to &el'er a &eter$nate thn!, an& the other to "ay therefor a "rce

certan n $oney or ts e()'alent.

Art. 14*+. he !oo&s %hch for$ the s)#-ect of a contract of sale $ay #e ether estn!

!oo&s, o%ne& or "ossesse& #y the seller, or !oo&s to #e $an)fact)re&, rase&, or ac()re&

#y the seller after the "erfecton of the contract of sale, n ths tle calle& / future goods./

here $ay #e a contract of sale of !oo&s, %hose ac()ston #y the seller &e"en&s )"on a

contn!ency %hch $ay or $ay not ha""en. 0n

Art. 1425. he contract of sale s "erfecte& at the $o$ent there s a $eetn! of $n&s )"on

the thn! %hch s the o#-ect of the contract an& )"on the "rce.

3ro$ that $o$ent, the "artes $ay rec"rocally &e$an& "erfor$ance, s)#-ect to the

"ro'sons of the la% !o'ernn! the for$ of contracts. 0145a

Art. 1422. he o%nersh" of the thn! sol& shall #e transferre& to the 'en&ee )"on the

act)al or constr)ct'e &el'ery thereof. 0n

Art. 1428. he "artes $ay st")late that o%nersh" n the thn! shall not "ass to the

")rchaser )ntl he has f)lly "a& the "rce. 0n

Art. 142. A "ro$se to #)y an& sell a &eter$nate thn! for a "rce certan s rec"rocally

&e$an&a#le.

An acce"te& )nlateral "ro$se to #)y or to sell a &eter$nate thn! for a "rce certan s

#n&n! )"on the "ro$ssor f the "ro$se s s)""orte& #y a cons&eraton &stnct fro$ the

"rce. 01451a

Art. 145. he thn! $)st #e lct an& the 'en&or $)st ha'e a r!ht to transfer the

o%nersh" thereof at the t$e t s &el'ere&. 0n

Art. 148+. 6hene'er earnest $oney s !'en n a contract of sale, t shall #e cons&ere& as

"art of the "rce an& as "roof of the "erfecton of the contract. 01454a

Art. 1487. S)#-ect to the "ro'sons of the Stat)te of 3ra)&s an& of any other a""lca#le

stat)te, a contract of sale $ay #e $a&e n %rtn!, or #y %or& of $o)th, or "artly n

%rtn! an& "artly #y %or& of $o)th, or $ay #e nferre& fro$ the con&)ct of the "artes.

0n

Art. 1484. n a contract of sale of "ersonal "ro"erty the "rce of %hch s "aya#le n

nstall$ents, the 'en&or $ay eercse any of the follo%n! re$e&es9



01 Eact f)lfll$ent of the o#l!aton, sho)l& the 'en&ee fal to "ay:

0+ Cancel the sale, sho)l& the 'en&ee;s fal)re to "ay co'er t%o or $ore

nstall$ents:

07 3oreclose the chattel $ort!a!e on the thn! sol&, f one has #een constt)te&,

sho)l& the 'en&ee;s fal)re to "ay co'er t%o or $ore nstall$ents. n ths case, he

shall ha'e no f)rther acton a!anst the ")rchaser to reco'er any )n"a& #alance of the "rce. Any a!ree$ent to the contrary shall #e 'o&. 01454<A<a

Art. 145. he 'en&or s #o)n& to transfer the o%nersh" of an& &el'er, as %ell as %arrant

the thn! %hch s the o#-ect of the sale. 014*1a

Art. 14*. he o%nersh" of the thn! sol& s ac()re& #y the 'en&ee fro$ the $o$ent t s

&el'ere& to h$ n any of the %ays s"ecfe& n Artcles 142 to 151, or n any other

$anner s!nfyn! an a!ree$ent that the "ossesson s transferre& fro$ the 'en&or to the

'en&ee. 0n

Art. 142. he thn! sol& shall #e )n&erstoo& as &el'ere&, %hen t s "lace& n the control

an& "ossesson of the 'en&ee. 014*+a

Art. 148. 6hen the sale s $a&e thro)!h a ")#lc nstr)$ent, the eec)ton thereof shall

#e e()'alent to the &el'ery of the thn! %hch s the o#-ect of the contract, f fro$ the

&ee& the contrary &oes not a""ear or cannot clearly #e nferre&.

Art. 15. here $ay also #e tra&ton constitutum possessorium. 0n

Art. 151. 6th res"ect to ncor"oreal "ro"erty, the "ro'sons of the frst "ara!ra"h of

artcle 148 shall !o'ern. n any other case %heren sa& "ro'sons are not a""lca#le, the

"lacn! of the ttles of o%nersh" n the "ossesson of the 'en&ee or the )se #y the 'en&ee of

hs r!hts, %th the 'en&or;s consent, shall #e )n&erstoo& as a &el'ery. 014*4

Art. 15+. 6hen !oo&s are &el'ere& to the #)yer "on sale or return" to !'e the #)yer an

o"ton to ret)rn the !oo&s nstea& of "ayn! the "rce, the o%nersh" "asses to the #)yer of

&el'ery, #)t he $ay re'est the o%nersh" n the seller #y ret)rnn! or ten&ern! the !oo&s

%thn the t$e fe& n the contract, or, f no t$e has #een fe&, %thn a reasona#le t$e.

0n

6hen !oo&s are &el'ere& to the #)yer on a""ro'al or on tral or on satsfacton, or other

s$lar ter$s, the o%nersh" theren "asses to the #)yer9

01 6hen he s!nfes hs a""ro'al or acce"tance to the seller or &oes any other act

a&o"tn! the transacton:

0+ f he &oes not s!nfy hs a""ro'al or acce"tance to the seller, #)t retans the

!oo&s %tho)t !'n! notce of re-ecton, then f a t$e has #een fe& for the ret)rn

of the !oo&s, on the e"raton of s)ch t$e, an&, f no t$e has #een fe&, on the

e"raton of a reasona#le t$e. 6hat s a reasona#le t$e s a ()eston of fact. 0n

Art. 157. 6hen there s a contract of sale of s"ecfc !oo&s, the seller $ay, #y the ter$s of

the contract, reser'e the r!ht of "ossesson or o%nersh" n the !oo&s )ntl certan



con&tons ha'e #een f)lflle&. he r!ht of "ossesson or o%nersh" $ay #e th)s reser'e&

not%thstan&n! the &el'ery of the !oo&s to the #)yer or to a carrer or other #alee for the

")r"ose of trans$sson to the #)yer.

Art. 154. =nless other%se a!ree&, the !oo&s re$an at the seller;s rs> )ntl the o%nersh"

theren s transferre& to the #)yer, #)t %hen the o%nersh" theren s transferre& to the#)yer the !oo&s are at the #)yer;s rs> %hether act)al &el'ery has #een $a&e or not,

ece"t that9

01 6here &el'ery of the !oo&s has #een $a&e to the #)yer or to a #alee for the

#)yer, n ")rs)ance of the contract an& the o%nersh" n the !oo&s has #een

retane& #y the seller $erely to sec)re "erfor$ance #y the #)yer of hs o#l!atons

)n&er the contract, the !oo&s are at the #)yer;s rs> fro$ the t$e of s)ch &el'ery:

0+ 6here act)al &el'ery has #een &elaye& thro)!h the fa)lt of ether the #)yer or

seller the !oo&s are at the rs> of the "arty n fa)lt. 0n

Art. 155. S)#-ect to the "ro'sons of ths tle, %here !oo&s are sol& #y a "erson %ho s

not the o%ner thereof, an& %ho &oes not sell the$ )n&er a)thorty or %th the consent of the o%ner, the #)yer ac()res no #etter ttle to the !oo&s than the seller ha&, )nless the

o%ner of the !oo&s s #y hs con&)ct "recl)&e& fro$ &enyn! the seller;s a)thorty to sell.

Nothn! n ths tle, ho%e'er, shall affect9

01 he "ro'sons of any factors; act, recor&n! la%s, or any other "ro'son of la%

ena#ln! the a""arent o%ner of !oo&s to &s"ose of the$ as f he %ere the tr)e

o%ner thereof:

0+ he 'al&ty of any contract of sale )n&er stat)tory "o%er of sale or )n&er the

or&er of a co)rt of co$"etent -)rs&cton:

07 P)rchases $a&e n a $erchant;s store, or n fars, or $ar>ets, n accor&ance %th

the Co&e of Co$$erce an& s"ecal la%s. 0n

Art. 158+. he 'en&ee s #o)n& to acce"t &el'ery an& to "ay the "rce of the thn! sol& at

the t$e an& "lace st")late& n the contract.

f the t$e an& "lace sho)l& not ha'e #een st")late&, the "ay$ent $)st #e $a&e at the

t$e an& "lace of the &el'ery of the thn! sol&. 015a

Art. 15. Sho)l& the 'en&ee #e &st)r#e& n the "ossesson or o%nersh" of the thn!

ac()re&, or sho)l& he ha'e reasona#le !ro)n&s to fear s)ch &st)r#ance, #y a 'n&catory

acton or a foreclos)re of $ort!a!e, he $ay s)s"en& the "ay$ent of the "rce )ntl the

'en&or has ca)se& the &st)r#ance or &an!er to cease, )nless the latter !'es sec)rty for

the ret)rn of the "rce n a "ro"er case, or t has #een st")late& that, not%thstan&n! any

s)ch contn!ency, the 'en&ee shall #e #o)n& to $a>e the "ay$ent. A $ere act of tres"ass

shall not a)thor?e the s)s"enson of the "ay$ent of the "rce. 015+a

Art. 151. Sho)l& the 'en&or ha'e reasona#le !ro)n&s to fear the loss of $$o'a#le

"ro"erty sol& an& ts "rce, he $ay $$e&ately s)e for the rescsson of the sale.



Sho)l& s)ch !ro)n& not est, the "ro'sons of Artcle 111 shall #e o#ser'e&. 0157

Art. 15+. n the sale of $$o'a#le "ro"erty, e'en tho)!h t $ay ha'e #een st")late& that

)"on fal)re to "ay the "rce at the t$e a!ree& )"on the rescsson of the contract shall of

r!ht ta>e "lace, the 'en&ee $ay "ay, e'en after the e"raton of the "ero&, as lon! as no

&e$an& for rescsson of the contract has #een $a&e )"on h$ ether -)&cally or #y anotaral act. After the &e$an&, the co)rt $ay not !rant h$ a ne% ter$. 0154a

Art. 1*72. he "ro'sons of ths tle are s)#-ect to the r)les la& &o%n #y the Mort!a!e

@a% an& the @an& Re!straton @a% %th re!ar& to $$o'a#le "ro"erty. 01572a

EE O3 ABSO@=E SA@E



KNOW ALL MEN BY THESE PRESENTS:

This DEED OF ABSOLUTE SALE of the condominim nit! m"de "nd e#ected this $ th d"% of

Decem&e'! ()*+ &% "nd &et,een:

OSEPHNE MERCAO! of -e."- ".e! sin.-e! Fi-i/ino! "nd ,ith 'esidence "nd /ost"-

"dd'ess "t 0+ 1"'i.m" St'eet! B'.%2 S"n 3ose! Anti/o-o 1it%! he'ein"fte' 'efe''ed to "sthe /SE@@ERDENOR/:

<AN<

ROCHEAN MAY ESPERAS! of -e."- ".e! sin.-e! Fi-i/ino "nd ,ith 'esidence "nd /ost"-

"dd'ess "t B-42 (5 Lot (+ Ro&insons Homes E"st! B'.%2 S"n 3ose! Anti/o-o 1it%! he'ein"fte' 'efe''ed to "s

the /B=YERDENEE/.

6NESSEH:

6HEREAS! fo' "nd in conside'"tion of the sm of fo' mi--ion ei.ht hnd'ed thos"nd /esos

6Ph/+!7))!)))8! the 'ecei/t he'eof is he'e&% "c4no,-ed.ed in f-- f'om the 9ENDEE to the enti'es"tisf"ction if the 9ENDOR! s"id nto "nd s"id 9ENDEE! he' hei's "nd "ssi.ns! th"t ce't"in

condominim nit mo'e /"'tic-"'-% desc'i&ed "s fo--o,s:

6HEREAS! the 9ENDOR is the -e."- 'e.iste'ed o,ne' of Unit No2 +++ ,ith P"'4in. Unit No2

1+++ -oc"ted "t the +th F-oo'! Rid.e,ood Residences! Anti/o-o 1it%! 'es/ecti;e-% co;e'ed &%

1ondominim 1e'tific"te of Tit-e Nos2 75555 issed &% the Re.iste' of Deeds of Anti/o-o 1it%

6he'ein"fte' 'efe''ed to "s the <PROPERTY=8! mo'e /"'tic-"'-% desc'i&ed "s fo--o,s:

Condominium Certificate of Title No. 85555

Re!ster of ee&s for Ant"olo Cty

<Unit No2 +++ ,ith P"'4in. Unit No2 1+++! -oc"ted on the fo'th f-oo' of the Rid.e,ood Residences!

,ith " tot"- "'e" of ninet% s>"'e mete's 6?) s>2m282

6HEREAS! the 9ENDOR con;e%s "-- his 'i.hts to! "nd inte'est in the "&o;e desc'i&ed

condominim nit to.ethe' ,ith the inte'est in common "'e"s! "nd in 1ondominim 1o'/o'"tion"//'ten"nt to sch nit2 The 'i.hts "nd inte'est to con;e% sh"-- &e s&@ect to the /'o;isions of the

1ondominim Act! the M"ste' "nd Dec-"'"tion of Rest'iction! the A'tic-es "nd B%L",s of the1ondominim 1o'/o'"tion! ,hich the 9ENDEE sh"-- "tom"tic"--% &ecome mem&e' of s"id

condominim co'/o'"tion2

6HEREAS! the docment"'% st"m/s! 'e.ist'"tion fees! not"'i"tion! "nd "-- othe' e#/ensesincident to the t'"nsfe' of the tit-e of the condominim nit he'ein so-d "nd con;e%ed to the 9ENDEE



sh"-- &e fo' the "ccont of the 9ENDEE! ,hi-e the c"/it"- ."in t"# sh"-- &e fo' the "ccont of the

9ENDOR2

6HEREAS! the 9ENDOR he'e&% ,"''"nt ;"-id tit-e to! "nd /e"cef- /ossession of! the /'o/e't%

he'ein so-d "nd con;e%ed "nd f'the' dec-"'es th"t the s"me is f'ee f'om "-- items "nd encm&'"nces of "n% 4ind ,h"tsoe;e'2

N 6NESS 6HEREO3, the /"'ties h";e he'ento "ffi#ed thei' si.n"t'es! this $ th d"% of

Decem&e'! ()*+ in the 1it% of Anti/o-o! Ri"-! Phi-i//ines2

OSEPHNE MERCAO ROCHEAN MAY ESPERAS

9ENDOR 9ENDEE

TN: *C($75$7) TN: (*$7(7+++

SNE N HE PRESENCE O39

SNATURE O9ER PRNTED NAME SNATURE O9ER PRNTED NAME

ACFNO6@EMEN

REPUBL1 OF THE PHLPPNES8

Anti/o-o 1it% 8 SS2

BE3ORE ME! " Not"'% P&-ic! this $th d"% of Decem&e' ()*+! /e'son"--% "//e"'ed the

fo--o,in.:

NAME CC N=MBER AEP@ACE SS=ES

3OSEPHNE MER1ADO ((*C$)*+ 3ne *(! ()*+ Anti/o-o 1it%

RO1HEAN MAY ESPERAS )()G*)(G A.st ?! ()*+ Anti/o-o 1it%

This inst'ment! consistin. of t,o 6(8 /".es! inc-din. the /".e on ,hich this "c4no,-ed.ment is,'itten! h"s &een si.ned on the -eft m"'.in of e"ch "nd e;e'% /".e the'eof &% the conce'ned /"'ties "nd

thei' ,itnesses! "nd se"-ed ,ith m% not"'i"- se"-2

6NESS MY HAN AN SEA@ this $th d"% of Decem&e' ()*+ "t Anti/o-o 1it%2

Notary P)#lc

Doc2 No2 22222222



P".e No2 2222222

Boo4 No2 2222222

Se'ies of ()*+2

condo sales contract

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