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Sample of Extrajudicial Settlement of Estate with Absolute Sale

This is a sample of Extrajudicial Settlement of Estate with Absolute Sale used by certified lawyer of a Notary Public in the Philippines. In this sample form, the surviving heirs (the children) agreed to sell their property to another person. Their parents are already dead.

You can copy this form as your reference and guide.
EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH ABSOLUTE SALE
 
KNOW ALL MEN BY THESE PRESENTS:

We, Juan B. Salvador, single; Joy B. Salvador, married to Lorna Salvador; Joel B. Salvador, married to Jocelyn Tecson; Diome B. Salvador, married to Shirle Tamsi; Julieta Salvador Tejano, widow; and George Salvador, single, all of legal age, Filipinos, and residents of Oroquieta City, Philippines, the surviving children, and compulsory heirs of the late SPS. Jonathan Salvador and Clarita Salvador, leaving the following real property, more particularly bounded and described as follows:

"A PARCEL of LAND, identified as Lot No. 15305-PART, situated at Baranggay Tipan, Oroquieta City, bounded on the North; DULAPO RIVER; on teh East: Lots 003 and 004; on the South: BARRIO ROAD; and on the West: Lot 046, containing an area of FIVE THOUSAND SIX HUNDRED FIFTY FOUR SQUARE METERS, covered by Tax Declaration No. 205324."

That the deceased died without any will or debts;

That since we are all of legal age, with full capacity to enter into contracts, with legal effect, we hereby settle, and adjudicate, as we have hereby settled, and adjudicated unto ourselves the above-described property;

That for and and in consideration of the sum of Pesos: FIVE HUNDRED FIFTY THOUSAND (Php 550,000.00) only, Philippine currency, delivered to us, in hand paid by SPS. MIGUEL LEGASPI and ANGELINA LEGASPI, their heirs successors, or assigns the above-described real property, with all the improvements found therein.

That all adjoining owners and had been notified but failed to exercise their preemption rights; that said parcel of land is not tenanted nor worked on by any agricultural leaseholder or share cropper;

That said property is registered under the provisions of Sec. 113 of Presidential Decree No. 1529, as amended, the property involved not having been previously registered under the Land Registration.

signature
JUAN B. SALVADOR

signature
JOY B. SALVADOR

signature
JOEL B. SALVADOR

signature
DIOME B. SALVADOR

signature
JULIETA SALVADOR TEJANO

signature
GEORGE SALVADOR

IN WITNESS WHEREOF, We have hereunto set our hands this 9th day of October 2017 at Oroquieta City, Philippines.

signature
JUAN B. SALVADOR
Heir/Vendor
Voter's ID, Precinct No. 0157A

signature
JOY B. SALVADOR
Heir/Vendor
Voter's ID, Precinct No. 0157A

signature
JOEL B. SALVADOR
Heir/Vendor
Com. Tax No. 13346866
Date Issued: 7.21.2017

signature
DIOME B. SALVADOR
Heir/Vendor
Driver's License # G09-45-006345

signature
JULIETA SALVADOR TEJANO
Heir/Vendor
Voter's ID, Precinct No. 0157A

signature
GEORGE SALVADOR

signature
MIGUEL LEGASPI
Vendee
UMID ID No. 0222-4585646-4

signature
ANGELINA LEGASPI
Vendee
DL # K12-16-S03520
Expiry 7.26.2018

Signed in the presence of:

signature                          
LORNA T. MALGAPO

&   

signature   
MINA S. TY


REPUBLIC OF THE PHILIPPINES
CITY OF OROQUIETA.................)S.S.

BEFORE ME, A NOTARY PUBLIC FOR THE CITY OF OROQUIETA, this 9th day of October, 2017 personally appeared the above-named persons, who have satisfactory proven to me their identities through their valid identification cards, the particulars of which are indicated above, that they are the same persons who executed the foregoing instrument and acknowledge before me that the same is their true, free and voluntarily act and deed. This instrument consists of two (2) pages including this page has been signed by the parties and their instrumental witnesses on each and every page thereof, and sealed my notarial seal.

WITNESS MY HAND AND NOTARIAL SEAL.

Doc No. 143
Page No. 35
Book No. 80
Series of 2017

NOTORIAL SEAL HERE
with Name of Lawyer and Signature
 
 

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"Sample of Extrajudicial Settlement of Estate with Absolute Sale" was written by under the Real Estate category. It has been read 791 times and generated 0 comments. The article was created on and updated on 28 March 2018.
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