DEED OF ASSIGNMENT AND TRANSFER OF RIGHTS

KNOW ALL MEN BY THIS PRESENTS:

        This deed, made and entered into this 23rd of July 2019 at the City of Cebu, Philippines, by and between:

(NAME OF ASSIGNOR), Filipino, of legal age, single/married to (Name of Spouse, if any) and a resident of (Address of Residence), hereinafter referred to as the "ASSIGNOR"-

-in favor of-

(NAME OF ASSIGNEE), Filipino, of legal age, single/married to (Name of Spouse, if any) and a resident of (Address of Residence), hereinafter referred to as the "ASSIGNEE".

WITNESSETH that -

        WHEREAS the ASSIGNOR is the buyer of a (Describe the Property), with an area of (LAND AREA OF PROPERTY) more or less, covered by (Title Description) of the Register of Deeds of (Place of Register of Deeds), registered in the name of the (Name of Registrant/Bank);

        WHEREAS, the ASSIGNOR has offered to assign all his rights, title and interest over the above parcel of land, as referred in said Contract to Sell and the ASSIGNEE hereby accepts the assignment in accordance with the terms herein set forth;

        NOW, THEREFORE, for and in consideration of the foregoing premises and the sum of (AMOUNT IN WORDS) PESOS (AMOUNT IN FIGURES), Philippine Currency, which the ASSIGNOR hereby acknowledge to have received from the ASSIGNEE, the ASSIGNOR hereby ASSIGNS, TRANSFER and CONVEYS unto the ASSIGNEE, all his rights, title and interest to the aforementioned property and and appurtenant interest and civil fruits in the said property pursuant to this Agreement and the ASSIGNEE by these presents hereby accepts the assignment and agrees to be bound by the terms and conditions of the Contract to Sell and the rules and regulations, and restrictions pertaining to the said property.

IN WITNESS WHEREOF, the parties have hereunto set their hands on the date and place first above written.

(NAME OF ASSIGNOR)                               (NAME OF ASSIGNEE)

                                  ASSIGNOR                                                     ASSIGNEE  

With my marital consent: (NAME OF SPOUSE)

Witnesses:    __________________________      ___________________________

 

ACKNOWLEDGEMENT

Republic of the Philippines )

City of ______________     ) S.S.

         BEFORE ME, a notary for and in the City of Manila, personally appeared:

          Name                  ID Number                Date/Place Issued    

  (Name of Assignor)         

  (Name of Assignee)         

known to me and to me known to be the same persons who executed the foregoing Deed of Assignment and Transfer of Rights and acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL, on the date and place first above written.

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Page No. ______;

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