Authority To Sell.docx

AUTHORITY TO SELL

This Exclusive AUTHORITY TO SELL is hereby given to _______________________________________________________________________________, with address at ______________________________________________________, under the following terms and conditions: 1. That the property to be offered for sale and is the subject of this Authority is described as follows (hereinafter referred to as the “PROPERTY”); Address/Location

:

______________________________________________ ______________________________________________

Lot Area

:

______________________________________________

Brief Description

:

______________________________________________ ______________________________________________ ______________________________________________ ______________________________________________ ______________________________________________

OCT/TCT/CCT No.

:

_______________ on file with the Register of Deeds of _____________________________________________.

Tax Declaration Nos.

:

Lot : Improvement(s):

Registered Owner(s)

:

______________________________________________

__________________________ __________________________

2. That the aforedescribed Property shall be offered on a straight sale basis at the gross price of ___________________________________________________________________________ (PhP__________________), subject to further upward or downward adjustment in the future by the undersigned, payable in cash or whatever payment mode or scheme that I/we may agree on with a prospective buyer; 3. That the payment of the corresponding capital gains tax or expanded withholding tax (whichever is applicable) shall be for my/our account. The documentary stamp tax shall be for the account of the _______________; other miscellaneous and incidental costs and expenses to be incurred in the process of securing the clearance and approval of the BIR, shall be for my/our sole and exclusive account. Any unpaid real property taxes, utility bills and homeowner’s/association dues, shall also be for my/our account. The payment of the transfer fees, sale registration expenses, transfer of title and all Registry of Deeds-related costs, expenses, fees, charges as well as other miscellaneous and incidental expenses to be incurred in the process of securing the new title in the name of the buyer, shall be for the exclusive account of the buyer. Legal documentation expenses, if any, as well as the notarial expenses shall be for the account of the _________. 4. That in the event of sale, the property shall be delivered and conveyed to the buyer free and clear of any liens and encumbrances. If necessary, the property shall also be cleared of and vacated by all tenants and/or occupants;

5. That in consideration for services in the event of sale, __________________________________________________________________________ shall be entitled to receive a commission equivalent to _____ Percent (__%) of the gross and actual selling price, whether documented or not, and shall be paid immediately at closing date upon receipt of the full sales proceeds in cash free and clear of any charges. If the payment of the sales considerations is made in installments, the abovementioned agents commission shall also be paid on a pro-rata basis; 6. That this AUTHORITY TO SELL shall take effect from the date of acceptance herein by _______________________________________________________________________ and shall continue to be valid and effective for a period of __________________ (___) days from the date hereof or until the receipt by the Broker of the full payment of his/her commission pursuant to Paragraph 5 above. If necessary, this Authority may be further extended or renewed upon my/our mutual agreement; 7. Hold-over Clause. In the event the Property is sold to a buyer to whom has offered to and/or negotiated with and accordingly registered the name and identity to me/us in writing during the effectivity of this AUTHORITY TO SELL, he/she shall be entitled to receive the same commission due him/her if the sale is consummated, executed or finally closed within ___________________ (___) days from the date of the expiry of this AUTHORITY TO SELL or any extension date thereof; 8. That I/We am willing to provide to ______________________________________________________ any of his/her prospective buyers any and all property information, data and documents, if required. 9. That I/We are the registered owner in fee simple of the Property and that I/we have the legal authority to dispose of the same.

________________________ Owner-Seller _______(Address)____________ ____________________________ ACCEPTED BY:

______________________ Date:______________, 200_ Note : Attached are copies of the title, tax declaration(s), Lot Plan and Vicinity Plan.