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  • Deed of Sale with Right to Repurchase

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    Nancy Velasco
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    The document is a deed of sale with a right to repurchase between a seller and buyer. It conveys ownership of a parcel of land from the seller to the buyer for a specified price, but reserves the right of the seller to repurchase the land within a certain time period, such as years or months, for the original price. If the seller does not exercise the right to repurchase within that time period, then the sale becomes absolute and irrevocable without needing a new deed.

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    Sample Deed of Absolute Sale With Right to Repurchase

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    The document is a deed of sale with a right to repurchase between a seller and buyer. It conveys ownership of a parcel of land from the seller to the buyer for a specified price, but reserves the right of the seller to repurchase the land within a certain time period, such as years or months, for the original price. If the seller does not exercise the right to repurchase within that time period, then the sale becomes absolute and irrevocable without needing a new deed.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2K views2 pages

    Deed of Sale with Right to Repurchase

    Uploaded by

    Nancy Velasco
    The document is a deed of sale with a right to repurchase between a seller and buyer. It conveys ownership of a parcel of land from the seller to the buyer for a specified price, but reserves the right of the seller to repurchase the land within a certain time period, such as years or months, for the original price. If the seller does not exercise the right to repurchase within that time period, then the sale becomes absolute and irrevocable without needing a new deed.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    of 2

    DEED OF SALE

    WITH RIGHT TO REPURCHASE

    KNOW ALL MEN BY THESE PRESENTS:

    This Deed of Absolute Sale (hereinafter, the “Deed”) is made and entered into this
    ____________, 20___ at _______________, by and between:

    ________________________, of legal age, <Citizenship> with present


    residence address at <Address>,__________________________ (hereinafter
    referred to as the “SELLER”;

    - and -

    ________________________, of legal age, <Citizenship> with present


    residence address at <Address>,__________________________ (hereinafter
    referred to as the “BUYER”;

    WITNESSETH:

    WHEREAS, the SELLER is the registered, lawful, true and absolute owner of a
    parcel of land situated in <location of the land> covered by Transfer Certificate of Title
    (“TCT”) No. ______ issued by the Registry of Deeds of ________, and which is particularly
    described as follows:

    WHEREAS, the SELLER desires to sell, cede, transfer and convey the same for
    ___________ PESOS (PhP_______________) and the BUYER agrees to purchase the same,
    subject to the terms and conditions herein set forth:

    NOW, THEREFORE, for and in consideration of the amount of


    ____________________ PESOS (PhP_____________________), receipt of which is hereby
    acknowledged by the SELLER to his/ her full and complete satisfaction, the SELLER does
    hereby SELL, TRANSFER and CONVEY under PACTO DE RETRO unto the said BUYER,
    his/ her heirs, successors and assigns, the above-described parcel of land, free from any and
    all liens and encumbrances;

    That the SELLER, in executing this conveyance, hereby reserves the right to
    REPURCHASE, and the BUYER, in accepting the same, hereby obligates himself/ herself
    to RESELL, RETRANSFER and RECONVEY, the above-described parcel of land herein
    conveyed within a period of ___________ (___) (years/ months/ days), from and after the
    date of this Deed, for the price of ________________ PESOS (PhP_____________);
    Provided, however, that if the SELLER shall fail to exercise his/ her right to repurchase bu
    fully and completely paying the said price within the period stipulated, then this
    conveyance shall become ABSOLUTE and IRREVOCBLE, without the necessity of
    drawing up a new deed of absolute sale.

    IN WITNESS WHEREOF, the Parties have hereunto have signed these presents on
    the date and at the first above-written.

    1|Page
    _______________________ _________________________
    SELLER BUYER

    Signed in the presence of:

    ________________________ ________________________

    ACKNOWLEDGEMENT

    REPUBLIC OF THE PHLIPPINES )


    ____________________ ) S.S.

    BEFORE ME, a Notary Public, for and in _______________, this ____ day of
    __________________, personally appeared the following persons with their respective
    competent evidence of identity as follows:

    Name Competent Evidence of Date & Place Issued


    Identity
    1. XXX __/__/__

    __/__/__
    2. xxxx

    known to me, and to me known to be the same persons who executed the foregoing Deed of
    Absolute Sale of a parking space, consisting of four (4) pages including page, and they
    acknowledged to me that the same is their free and voluntary act and deed, as well as the free
    and voluntary act and deed of the corporation herein represented.

    WITNESS MY HAND AND NOTARIAL SEAL, on the date and place first above
    written.

    NOTARY PUBLIC

    Doc. No. _________


    Page No. _________
    Book No. _________
    Series of 20___.

    2|Page

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