Showing posts with label Deed of Sale of Motor Vehicle. Show all posts
Showing posts with label Deed of Sale of Motor Vehicle. Show all posts

Wednesday, September 28, 2016

Deed of Sale of Motor Vehicle

This is only a sample Deed of Absolute Sale format involving sale of personal property.  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.

Legal Notes:

Sale - By the contract of sale one of the contracting parties obligates himself to transfer the ownership and to deliver a determinate thing, and the other to pay therefor a price certain in money or its equivalent.

A contract of sale may be absolute or conditional. (Article 1458, Civil Code of the Philippines)


DEED OF ABSOLUTE SALE OF MOTOR VEHICLE

KNOW ALL MEN BY THESE PRESENTS:
       This Deed of Absolute Sale, made and entered this ____ day of ________, 2015, in Makati City, Metro Manila, by and between:

__________________________________________________, of legal age, Filipino, single/married/widow/widower to ________________, and with residence and postal address at _____________________________, hereinafter referred to as the “SELLER”;

and

___________________________________________________, of legal age, Filipino, married, with residence and postal address at __________________________________, hereinafter referred to as the “BUYER”.

WITNESSETH: THAT

WHEREAS, the SELLER is the lawful and registered owner of a motor vehicle particularly described as follows:

MAKE

MOTOR NO.

SERIAL/CHASSIS NO.

TYPE OF BODY

YEAR MODEL

PLATE NO.

ORCR No.



WHEREAS, the BUYER is willing to buy the said motor vehicle on “AS-IS-WHERE-IS” condition.

NOW THEREFORE, For and in consideration  of the sum of  ______________________________only (Php____________________),  the receipt whereof is hereby acknowledged , do hereby  SELL, TRANSFER, CONVEY and DELIVER,  by way of  ABSOLUTE SALE,  unto  said ______________, their heirs, assigns and successors- in-interest the above described motor vehicle;

FURTHER, the SELLER hereby warrants his/her valid title to and peaceful possession of the property herein sold and conveyed and further declares that the same is free and clear of all liens and encumbrances of any kind whatsoever.

IN WITNESS WHEREOF, the parties have hereunto signed this DEED OF ABSOLUTE SALE on the date and place first above mentioned.


_____________________________
Seller
TIN No:______________________





______________________________
Buyer
TIN No:____________________



Signed in the presence of:


________________________            __________________________



ACKNOWLEDGEMENT

Republic of the Philippines)
___________, Metro Manila ) S.S.

BEFORE ME, a Notary Public for and in ____________________, Metro Manila, personally appeared the following and presented their respective Government Identification Cards:

Name
Government Issued ID
Date and Place of Issue










known to me to be the same persons who executed the foregoing document of DEED OF ABSOLUTE SALE  of MOTOR VEHICLE  and they acknowledged to me that they executed the same as their free and voluntary act and deed.

I HEREBY CERTIFY that the foregoing document consists of ____________ pages including this page, and that the parties and their witnesses signed their names on each page of this instrument.

 IN WITNESS WHEREOF, I have hereunto set may hand and affixed my notarial seal this ____ day of ____________ 20___.

                                                                        NOTARY PUBLIC


Doc. No. ____;
Page No. ____;
Book No. ____;
Series of 20___.

Affidavit of Loss

Republic of the Philippines)                                        ______________________      ) Sc. AFFIDAVIT OF LOSS   I ,...