Professional Documents
Culture Documents
This CONTRACT TO SELL is made and executed this _____ day of _________
__________ by and between:
BPI Leasing Corporation thru Ed Villamor, of legal age, married, Filipino, and
with residence and postal address at _________________________________,
Philippines, hereinafter referred to as the "SELLER / VENDOR";
-AND-
PATRICIO J. GONZALES, of legal age, married, Filipino, and with residence and
postal address at __________________________________, Philippines, hereinafter
referred to as the "BUYER / VENDEE".
WITNESSETH;
WHEREAS, the SELLER / VENDOR is the absolute and registered owner of the
following motor vehicle, more particularly described as follows:
NOW THEREFORE, for and in consideration of the total sum of Two Hundred
Thousand Pesos only (Php 200,000.00) Philippine currency, and of
the covenants herein after set forth, the SELLER / VENDOR agrees to sell and
the BUYER / VENDEE agrees to buy the aforesaid motor vehicle subject to the
following terms and conditions:
1. The BUYER / VENDEE shall pay a downpayment of Fifty Thousand pesos (Php
50,000.00) Philippine currency, upon execution of this Contract to Sell;
3. The balance of One Hundred Fifty Thousand Pesos (Php 150, 000.00)
Philippine currency, shall be paid by the BUYER / VENDEE to the SELLER /
VENDOR in 16 months for installments at Ten Thousand Pesos (Php 10,
000.00) Philippine currency, per month. Otherwise, the BUYER / VENDEE, if
unable to pay two consecutive equal installments, shall immediately turnover
possession of the subject motor vehicle to the SELLER / VENDOR immediately
and all the installments already made shall be considered as mere rentals for the
use of the subject motor vehicle;
4. Upon full payment of the aforesaid purchase price, the SELLER / VENDOR shall
sign and execute a DEED OF ABSOLUTE SALE in favor of the BUYER /
VENDEE for the aforesaid motor vehicle, free from all liens and encumbrances
whatsoever;
6. All fuel expenses as well as expenses for the maintenance, repairs, future
insurance and registration fees of the subject motor vehicle shall, starting from
the date of delivery thereof to the BUYER / VENDEE, shall be borne by the
BUYER / VENDEE.
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this
_____ day of ___________ at _________________, Philippines.
PATRICIO J. GONZALES
Buyer / Vendee
__________________________ ____________________________
ACKNOWLEDGMENT
BEFORE ME, a Notary Public, this _______ day of __________, personally appeared
the following:
IN WITNESS WHEREOF, I have hereunto set my hand the day, year and place
above written.
Notary Public