CANCELLATION OF DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This Cancellation of Deed of Absolute Sale, made and entered this ____ day of ________, by
and between:

SPOUSES --------------------- and ---------------, both of legal ages, Filipinos, and with residence and
postal address at ________ City, hereinafter referred to as the SELLERS,

-AND-

(NAME OF BUYERS, indicate if also spouses), both of legal ages, Filipinos and with residence and
postal address at (Address of Buyer), hereinafter referred to as the BUYERS.

WITNESSETH: THAT

WHEREAS, on _____(date)_______________, the parties executed a Deed of Absolute Sale

(Attached hereto as ANNEX A) a parcel of land with house and other improvements located at --
------------- and covered by ----------------- containing a total area of One Hundred Three (103)
SQUARE METERS, more or less;

WHEREAS, the parties wish to CANCEL, RESCIND and ANNUL said Deed of Absolute Sale and
declare the same VOID AB INITIO for failure of the BUYERS to evict the present occupant, Spouses
Joel and Helen Orillo who were holders of an expired Lease Contract;

NOW, THEREFORE, in consideration of the foregoing premises, the parties hereby

unconditionally CANCEL, RESCIND, ANNUL and declare VOID AB INITIO and without legal effect
whatsoever the Deed of Absolute Sale executed by the parties on ______(date)________.

RESOLVED FURTHER, that parties agree to return to status quo ante whereby SELLERS shall
return the consideration given by BUYERS to SELLERS, and BUYERS shall return all original
documents under its possession to the SELLERS.

The Agreed schedule of turn over of the consideration by the SELLERS to the BUYERS are as
follows:

DATE AMOUNT

1 October 2019 Two Hundred Fifty Thousand Pesos (PhP 250,000)

IN WITNESS WHEREOF, the parties have hereunto sign this CANCELLATION OF DEED OF
ABSOLUTE SALE this _____ day of ____________ at the date and place first above mentioned.

SELLERS:

__________________________ ______________________________
--------------- ----------------

BUYERS:
__________________________ ____________________________
Name of Buyer Name of Buyer

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

_____________________________ ) SS.

BEFORE ME, a Notary Public for and in the City of ___________________, personally appeared:

Name IDENTIFICATION DATE/PLACE ISSUED

(Name of Sellers)

(Name of Buyers)

Known to me and to me known to be the same persons who executed the foregoing instrument
and acknowledged to me that the same are their free act and voluntary deed.

This instrument, consisting of (__) pages, including the page on which this acknowledgment is
written, has been signed on the left margin of each and every page thereof by the concerned
parties and their witnesses, and sealed with my notarial seal.

WITNESS MY HAND AND SEAL on this ___day of __________________20__

at_______________.

Doc. No. ........; Notary Public

Page No. .......;
Book No. .......;
Series of 20__.