AUTHORITY TO SELL AGREEMENT
KNOW ALL MEN BY THIS PRESENT
This EXCLUSIVE AUTHORITY TO SELL AGREEMENT (the “Agreement” for brevity)
made and executed by and between:
LYDIA Q. KESSNER, Filipino Citizen married to FRANK PETER PAUL KESSNER,
German Citizen with residence address at Sitio Katumbal, Barangay Lucbuan, Puerto
Princesa City Palawan hereinafter referred to as the SELLER,
-AND -
MARIA TERESA BELMONTE DELA CRUZ Filipino Citizen, of legal age, married and
with residence address at Lomboy St., Bgy. San Jose, Puerto Princesa City, and
hereinafter referred to as the AGENTS.
WITNESSETH:
WHEREAS, a certain real estate property exclusively owned by the SELLER is
available for sale, and hereby described as follows:
COOPERS BEACH RESORT, SITIO KATUMBAL, BARANGGAY LUCBUAN, PUERTO
PRINCESA CITY, AND COVERED BY TCT NO. 182880, PIN NO. 016-9284/ TD NO.
134-3-016-04-158 with total area of FOUR THOUSAND NINE HUNDRED FOURTEEN
SQUARE METERS (4,914.00SQM)
NOW THEREFORE, the SELLER has agreed to grant an authority to sell pertaining to
the above-described property to the AGENTS, subject to the following terms and
conditions:
1. SELLING PRICE:
The total selling price shall be THIRTY-FIVE MILLION PESOS ONLY
(35,000,000.00PHP), Philippine Currency.
2. TERMS OF PAYMENT:
The preferred term of payment is Cash Basis, However, the said price, and terms of
payment thereof, shall be subject to further negotiation at the option of the SELLER.
3. BROKERS’ COMMISSION
A. The Agents’ commission is Five Percent (5%) of the SELLING PRICE.
B. That the Agents’ can sell the property more than the agreed price of Thirty
Five Million Pesos (35,000,000.00 PHP) Philippine currency but will not
Exceed to Fifty Million Pesos (50,000,000.00 PHP) Philippine
Currency.
4. TAXES AND OTHER CHARGES
The SELLER shall be responsible for the payment of accrued real property tax up to the
time of Sales Preparation and the Notary Fee of Deed of Absolute Sale.
The BUYER shall be responsible for the payment of Capital Gain Tax, Documentary
Stamps, Transfer Tax and any and all such expenses.
5. EXCLUSIVITY
Earnest Money will be served as the reservation fee. The SELLER has agreed not to
entertain any BUYER or AGENTS once the Earnest money has received.
6. PERIOD OF VALIDITY
This Agreement is valid for three (3) months from execution, and during this period, and
the Earnest money has received only the AGENTS can sell the above-described
property.
7. MISCELLANEOUS PROVISIONS
A. The AGENTS shall invest in marketing, promotions and exert their earnest
efforts to sell the above property at the shortest possible time;
B. The AGENTS shall regularly inform the SELLER the names of their prospects to
whom the above property has been offered.
LYDIA Q. KESSNER MARIA TERESA BELMONTE DELA CRUZ
Seller Agent
SIGNED IN THE PRESENCE OF:
___________________________ ____________________________
IN WITNESS WHEREOF, the parties have hereunto set their signature this ___ day of
_______________ at Puerto Princesa City, Philippines.
WITNESS MY HAND AND SEAL this
Doc. No.______________
Page No.______________
Book No.______________
Series of _______________.