Showing posts with label Authority To Sell. Show all posts
Showing posts with label Authority To Sell. Show all posts

Tuesday, September 27, 2016

Authority To Sell Property



This is only a sample Authority to Sell format.  It could be subject to modifications to suit the purpose/s of its execution and requirements of the parties.  It is advisable that before an execution of any legal document, one must seek legal advice or assistance from a Lawyer.

An Authority to Sell  is executed when granting a right to a  person (an agent) to find a buyer for a property. The agent is not permitted to enter into an agreement for sale.  The agent is allowed to market the property for sale and is entitled to compensation for finding a buyer.  (http://www.investorwords.com/)




AUTHORITY TO SELL


 
        THIS IS TO AUTHORIZE _______________________, of legal age, single/married, a resident of _______________________________________________, to do and perform any and all of the following acts:
        
TO OFFER THE SALE of particular house and lot located at ___________________________________________, more particularly described in Original Certificate of Title/Transfer Certificate of Title No. ___________________, registered in the name of the undersigned under the following terms and conditions:

Terms
Particulars
Contract Price
____________
Total Area
____________
Capital Gains and Documentary Stamp Taxes and Registration of Sale
____________
Commission of 3% of the Brokers for Successful transaction
_____________
-      Clean Title (no encumbrance or lien)
-      With Approved Building Permit, Occupancy Permit, Locational Clearance, Business Permit (if any and applicable)
-      Updated Real Property Tax Payment


-      Due Diligence on the account of the Buyer

       
        This authority shall become effective only from ________until _____________________, subject for renewal in writing after the said date.



________________________
Owner/Seller/Attorney-In-Fact
Address
Contact Nos. ______________________


Conformity:


____________________
REB No. ____________


Witness:

__________________________                    __________________________


JURAT

SUBSCRIBED AND SWORN to before me, this _____ day of _____ 20___ in the Municipality/City of ______, affiant exhibiting before me her (Government-Issued Identification Card No. ________)  issued at ____________ on __________.

Doc. No. ___ ;
Page No. ___;
Book No. ____;
Series of _____.