Memorandum of Agreement
Know all men by these presents:
The Parties:
Mrs. Karina Pineda, of legal age, Filipino, married and a resident of Valladolid,
Negros Occidental, hereinafter referred to as the “SELLER/OWNER”;
-andEImer Montoyo, Conrado Lo III, HeIen Jabian, Maritess Manayon, Hieroteo L.
ViIIarosa, JeceIIe GeIIa, Ramon Tuvida, DanieIo AIegre and DeIfin Perez, all of legal
age, Filipino and residents of Bacolod City, hereinafter referred to as the “AGENTS”;
W l T N E S S E T H, That:
The Parties have entered into this agreement on their own free will and agree to the
following:
1.
PROPERTY SUBJECT MATTER: The SELLER is the legal owner and has all the
rights to sell the property subject matter. The SELLER hereby grants the AGENTS
exclusive rights to sell the Property which is a parcel of rice land situated at Brgy. Palaha,
Valladolid, with a total area of 8.05 hectares involving Lot Nos. 837−C−3 and 837−B,
covered by Title No.
and more particularly described as follows:
“A parcel of land ( , being a portion of the
),
situated
in
the
Municipality of Valladolid, Island of Negros. Bounded on the NW., ; on the NE.
along; on
the
SW. and on the SW.,
xxx Containing an area of 8.0*
hectares, more or less….)
2.
RESPONSIBILITY OF THE AGENTS: The AGENTS have experience in
marheting, advertising, and selling real estate properties and have expressed an interest
to provide these services for the SELLER. ln addition to the duties incumbent on the
AGENTS under this Agreement, the AGENTS shall:
a.
Obtain all the information necessary for the sale of the Property
b.
Marhet the Property in behalf of the Seller
c.
Arrange the purchasers to inspect the property
d.
Conduct negotiations and submit all offers in relation to the property to the
Seller
e.
Assist the Seller in entering into a binding agreement for sale and purchase
with the purchaser.
3.
PRICE: The price for this property is _______;
4.
COMMISSION: ln the event that the SELLER enters into a binding Contract for
Sale with a PURCHASER, through the AGENTS, then the SELLER is liable to pay the
AGENTS a commission of Three Percent (3%) of the transacted price of the Property
(taxes excluded). Commission shall be divided amongst the above−named AGENTS in
equal parts.
5.
SCHEDULE AND MANNER OF PAYMENT OF COMMISSION: The schedule and
manner of payment of the AGENTS’ commission shall be made in the following manner:
6.
REAL PROPERTY TAXES: Any and all unpaid Real Property Taxes up to
shall be paid by the .
7.
PAYMENT OF CAPITAL GAINS TAX: The Capital Gains Tax for the Property shall
be paid by the
.
8.
OTHER TAXES AND EXPENSES. The documentary stamp tax, transfer tax,
registration fees and all other expenses to transfer the title of the property from the
OWNER’S name to the BUYER’S Name shall be the responsibility of the ;
9.
AMENDMENT and APPLICABILITY. This agreement may be amended with prior
consent between the Parties. This Agreement shall overrule any previous agreement
either verbal or written between the parties prior to entering into this Agreement.
lN WlTNESS WHEREOF, the parties hereby affix their signatures this
City, Philippines.
in Bacolod
For the SELLER:
(name)
ID No.--------
For the Agent/s:
(name)
ID No.-----
Signed in the presence of:
__________________________
_______________________
ACKNOWLEDGMENT
BEFORE ME, for and in the City of Bacolod, this
,
personally
appeared
the
above−named parties, showing competent proof of their identity as indicated above and
who are personally hnown to me to be the same persons who executed this Agreement
and they achnowledged that the same is their free and voluntary act and deed.
WlTNESS MY HAND AND SEAL.
Doc. No.
;
Page No.
;
Booh No.
;
Series of 2023