KISAN LU LANDS AND DEVELOPMENT, INC.

Contract No.
Contract Price :
Downpayment:
Reservation :

________________
________________
________________
________________

Lot area ________________

Lot No.___ Block No.______
Price per sq. m. Php _________
Monthly Amort. _____________
Term: ________________

CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS:
This agreement executed and entered into this _____________________ by and between:
KISAN LU LANDS, INC, a domestic corporation duly organized and existing under Philippine
Laws, with office address at KLR Group Bldg., San Pedro Street Davao City, represented by its President
and CEO, KRISTIN L. LU, herein referred to as the PACKAGER/DEVELOPER.
-ANDJUAN DELA CRUZ, of legal age, Filipino, married to Juana dela Cruz and a resident of Matin,
Davao City herein referred to as the BUYER.
WITNESSETH THAT:
For and in consideration of each of the terms and conditions stipulated hereunder which the
BUYER has promised to pay in the specified herein, the PACKAGER/DEVELOPER has agreed and
contracted to sell to the BUYER (who in return accepted to buy) a lot, referred to herein as the UNIT,
covered and embraced by Transfer Certificate of Title (TCT) No.T- ________ of the Registry of Deeds of
Davao City, being a portion of Sitio Ubat, Catalunan Grande, Davao City containing a lot area of ONE
HUNDRED FORTY THREE (143) SQUARE METERS more or less.
THE TERMS AND OTHER CONSIDERATION of this agreement are as follows:
1. COST OF THE UNIT:
TOTAL CONTRACT PRICE:
1.1 Consideration. The BUYER hereby agrees to pay the purchase price of
____________________________ (Php ________.00) Philippine currency at the office of the Seller at
KLR Group Bldg., San Pedro St., Davao City and without necessity of demand or the service of a collector.
1.2. The sum of THIRTY THOUSAND PESOS (Php. 30,000.00) Philippine currency as
deposit or reservation fee upon execution of this contract and
2.

DOWN-PAYMENT:
The
BUYER
shall
make
a
down-payment
of
____________________________________ (Php __________) Philippine currency shall be paid
by the BUYER in TWELVE (12) MONTHS consecutive equal monthly installments starting on
______________ at
___________________________________________ & ___ (Php
____________) per installment including interest at the rate of ZERO ( 0 %) PERCENT per
annum.

3.

Balance. The Balance of ________________________________________________________

(Php ________.00) Philippine currency shall be paid by the BUYER in _____ (60) MONTHS
consecutive
equal
monthly
installments
starting
on
_______________
at
_______________________ (Php __________) per installment including interest at the rate of
___________ ( ____%) PERCENT per annum.

That all payments in favor of the PACKAGER/DEVELOPER shall be made by the BUYER to
the Packager/Developer at the address stated above without the necessity of any judicial or extra judicial
demand.
The PACKAGER/DEVELOPER will employ no collector and that only official receipt duly
signed by the PACKAGER/DEVELOPER or its authorized representative will recognized as valid
binding.

4. AUTOMATIC CANCELLATION FOR FAILURE OF THE BUYER TO PAY ANY

MONTHLY INSTALLMENT TOGETHER WITH INTEREST, TAXES AND ASSESSMENT
AND/OR VIOLATION OF OTHER TERMS AND CONDITIONS OF THIS AGREEMENT: In the

event of default on the part of the BUYER to pay three (3) cumulative monthly installment of the violation
of any provision without effecting any corrective measure within 30 days from notice to that effect, the
PACKAGER/DEVELOPER shall have the right to consider this agreement AUTOMATICALLY
CANCELLED and all payments made by the BUYER under this agreement shall be forfeited in favor of
the PACKAGER/DEVELOPER without prejudice to any appropriate action in court for damages
otherwise.
5. WITHDRAWAL: In the event that the BUYER withdraws from this Contract the right to forfeit
any and all payments the BUYER may have made without necessity of notice.
6. POSSESIONS: Only the BUYER upon compliance of all of the conditions stipulated herein is
allowed to enter into and take possession of the unit.
7.
RIGHT OF INSPECTION AND TO DO NECESSARY WORKS: The BUYER agrees that the
Authorized representative of the PACKAGER/DEVELOPER by the way of written notice shall have the
right to enter the property at anytime for purposes of inspection, measurement, relocation, survey, laying
monuments, or of the necessary lines for water, gas, electric power, telephone and other public services to
undertake works, of whatever nature of the general interest of the subdivision, the enforce of rules and
regulations of the PACKAGER/DEVELOPER.
8. RESTRICTIONS: The sale of the PROPERTY is subject to the following deed of restriction
and such further or additional restrictions and / or easement, servitude or
resolutions as the
ASSOCIATON may from time to time adopt:
a.

The unit shall not be used for illegal or immoral activity which will disturb the peace or
create nuisance in the neighborhood.

b. The BUYER must at all times keep his/her unit(s) / lot(s) in a sanitary
condition and must be free from overgrowth of cogon, talahib, or other wild vegetation and
trash which may become fire hazard, a place of concealment or a nuisance. Should the
BUYER fail to remove said nuisance the same shall be removed by the
PACKAGER/DEVELOPER or the ASSOCIATION, at the expense of the BUYER.
c.

Lot(s) shall not be as access to other subdivisions. Similarly, unless otherwise

The BUYER further agrees to confirm the location of each monument indicating the boundaries
of the lot with the PACKAGER/DEVELOPER or with the ASSOCIATION after the SUBDIVISION has
been turned-over, before constructing any wall or before erection of additional structure or building on the
lot. Should the BUYER put up a fence or extension without consulting the PACKAGER.DEVELOPER
or the ASSOCIATION, as the case may be, and there is encroachment on adjacent lots, or a violation of the
National Building Code of the Phil., the BUYER agrees to demolish the structure encroaching on the
adjacent lot at his expense within one (1) week from receipt of written notice that there has been an
encroachment on the adjacent lot. Otherwise the PACKAGER/DEVELOPER or the ASSOCIATION, as
the case may be, shall be free to have the encroachment demolished, or violation/s rectified at the expense
of the BUYER.
9. OWNERSHIP: Ownership over said unit shall remain with the PACKAGER/DEVELOPER
and upon complete payment by the BUYER of all obligations herein stipulated, the
PACKAGER/DEVELOPER shall execute DEED OF SALE in favor of the BUYER and the issuance of
the Certificate of Title in his name, free from liens and encumbrances except those as may be provided by
law.
10. REALTY TAX AND ASSESSMENT: The PACKAGER/DEVELOPER agrees to pay the real
estate tax and assessment of the unit for as long as the Possession of the unit has not passed to the BUYER.
Provided, however, that if the BUYER has received the permit to Occupy (PTO), he shall be liable for such
taxes and assessment effective the day of such receipt of PTO.
11. EXPENSES OF REGISTRATION: The BUYER shall pay to the PACKAGER/DEVELOPER
in the amount of ______________________________________________________ (____________)
Pesos only over and above of the Package Price to cover the cost of documentary stamps, transfer fees, and
notarial fees of the final Deed of Sale, registration fees for such deeds and all other incidental expenses in
connection with the issuance of new title over the unit in the name of the BUYER payable immediately for
Spot Cash and Bank and or Pag-Ibig financing. For in-house financing buyers, the amount may be paid
within the agreed payment terms or at the end of the agreed payment terms.
12. TRANSFER OF RIGHTS: The VENDEE, prior to the final execution of the deed of sale,
agrees not to sell, cede, encumber, transfer or in any manner dispose of his/her rights and obligations under
this agreement without the written consent of the PACKAGER/DEVELOPER nor lease or sub-lease the
same or give possession thereof to any party whomsoever.

13. SEPARABILITY CLAUSE: The BUYER hereby represents that this entire agreement had been
read and/ or translated to him in the language or dialect known and understood by him. Should any
provision of this contract be declared by the Court null and void, the nullity shall not affect the validity of

this transaction or nay provision herein which shall then be considered as valid and binding by both the
parties herein.
13. VENUE: Should litigation prosper between the parties herein for any claim or clause of action
arising from or by reason of this contract, the exclusive court shall be the appropriate court of Davao City.
IN WITNESS WHEREOF,
the parties hereto affixed their signatures this day of __________
at ______________________________________.
KISAN LU LANDS, INC.
PACKAGER/DEVELOPER
By

________________________________
BUYER

:
KRISTIN L. LU
President & CEO
WITNESSES:
___Annie A. Lao

________________________
Agent/Broker
ACKNOWLEDGEMENT

Republic of the Philippines)

City of Davao . . . . . . . ) S.S.
x = = = = = = = = = = = =x
BEFORE ME, a Notary Public for and in ______________, personally appeared this
day of ___________________ at _____________________.

1. Kristin Lu
2. _________________

CTC No.

Issued On

________
________

________________
________________

Issued at
__________________
__________________

Known to me to be the same person/s who executed the foregoing instrument and acknowledged to me
that the same is their true and voluntary act and deed that of the corporation they represent.
This instrument refers to a Contract to Sell, contains 3 pages including this page wherein the
acknowledgement is written and duly signed by the parties and their instrumental witnesses on each
and every page hereof.
WITNESS MY HAND AND SEAL on the day and place first above mentioned.
Doc. No. ____________
Page No. ____________
Book No.____________
Series of 200_____.