This is a sample Deed of Absolute Sale (DOAS) for when you sell or purchase any item or property.
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale is entered into this __ day of __________ in __________, Philippines, by and between:
(name), of legal age, Filipino, (single/married/widow/widower), and a resident of _______________________, hereinafter referred to as the “SELLER / VENDOR”;
(name), of legal age, Filipino, (single/married/widow/widower), and a resident of ______________________, hereinafter referred to as the “BUYER / VENDEE”;
The SELLER / VENDOR is the true and lawful owner of a certain property, more particularly described as follows:
(description of property)
The BUYER / VENDEE has offered to purchase the above-described property and the SELLER / VENDOR has accepted said offer, subject to the following terms and conditions.
NOW, THEREFORE, FOR AND IN CONSIDERATION OF THE SUM OF ____________________________ PESOS (PHP _____.00), Philippine currency, receipt of which is hereby acknowledged by the SELLER / VENDOR to his full and complete satisfaction, the SELLER / VENDOR hereby SELLS, CEDES, CONVEYS AND TRANSFERS unto and in favour of the BUYER / VENDEE, his heirs, successors and assigns, the foregoing property in a manner absolute and irrevocable, definitely free from liens and encumbrances whatsoever.
(Insert other provisions on warranties of the seller as well as who shall shoulder the taxes, costs and expenses of transfer).
This Deed shall be valid and binding not only on the parties herein but also on their heirs, agents, representatives, successors and assigns.
IN WITNESS WHEREOF, we have hereunto affixed our signatures on the date and place first above written.
(SIGNATURE ABOVE NAME OF VENDOR) (SIGNATURE ABOVE NAME OF VENDEE)
SIGNED IN THE PRESENCE OF:
(NAME AND ADDRESS OF WITNESS 1) (NAME AND ADDRESS OF WITNESS 2)