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This Deed of Sale with Right of Repurchase, made and executed by and between:
- and -
WITNESSETH; That:
, the VENDOR is the true and absolute owner of a certain parcel of land
covered by Transfer Certificate of Title No. _____________, situated in _____________, and
more particularly described as follows:
That the VENDOR, in executing this assignment and conveyance, hereby reserves the
right to REPURCHASE, and the VENDEE, in accepting the same, hereby obligates himself to
RESELL, RETRANSFER, and RECONVEY, the above-described parcel of land herein
conveyed within a period of _____________ (________) (years/months/days), from and after the
date of this instrument, for the price of __________________________ Pesos
(P_____________), Philippine Currency; Provided, however, that if the VENDOR shall fail to
exercise his right to repurchase by fully and completely paying the said price within the period
stipulated, then this conveyance shall become ABSOLUTE AND IRREVOCABLE, without
necessity of drawing up a new deed of absolute sale.
$ $
, the parties hereto have hereunto set their hands this
_____________ at _____________, Philippines.
VENDOR VENDEE
__________________ __________________
(ACKNOWLEDGMENT)