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Agreement for Lot Substitution

SHFC agreement for Lot Substitution

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AGREEMENT
This AGREEMENT made and entered into by and between _______________,
single/married to _______________, both of legal ages, Filipinos, with postal address at
Blk. ___ Lot ___ Community Association (CA) Address, hereinafter referred to as the
FIRST PARTY;
- AND _______________ single/married to _______________, both of legal ages,
Filipinos, with postal address at Blk. ___ Lot ___ CA Address, hereinafter referred to as
the SECOND PARTY;
WITNESSETH
WHEREAS, the FIRST PARTY is the rightful beneficiary of Lot ____ Block ____
with an area of ____ (____) sq.m. per Masterlist of Beneficiaries and Loan
Apportionment submitted and approved by the Social Housing Finance Corporation,
situated at CA Address;
WHEREAS, the SECOND PARTY is the rightful beneficiary of Lot ____ Block
____ with an area of ____ (____) sq.m. per Masterlist of Beneficiaries and Loan
Apportionment submitted and approved by the Social Housing Finance Corporation,
situated at CA Address;
WHEREAS, the FIRST PARTY and SECOND PARTY agreed to SUBSTITUTE
their assigned lots, thus, Lot ____ Block ____ will go to the FIRST PARTY and Lot ____
Block ____ will go to the SECOND PARTY;
WHEREAS, this Agreement is irrevocable and will commence upon signing this
Agreement;
NOW THEREFORE, upon the above-stated consideration, the FIRST PARTY
and the SECOND PARTY hereby VOLUNTARILY SUBSTITUTE their properties by way
of this Agreement together with all the improvements found therein.
IN WITNESS THEREOF, we affix our signatures
_______________ at _______________, Philippines.

this ____ day

_________________________
FIRST PARTY

_________________________
SECOND PARTY

CTC No. _______________
Issued at _______________
Issued on _______________

CTC No. _______________
Issued at _______________
Issued on _______________

_________________________
Marital Consent

_________________________
Marital Consent

CTC No. _______________
Issued at _______________
Issued on _______________

CTC No. _______________
Issued at _______________
Issued on _______________

SIGNED IN THE PRESENCE OF:
_________________________

_________________________

of

REPUBLIC OF THE PHILIPPINES )
___________________________ ) S.S.

SUBSCRIBED AND SWORN TO BEFORE ME, this ______ day of
_______________ at _______________, Philippines.

NOTARY PUBLIC
Doc. No. _____
Book No. _____
Page No. _____
Series of 200___
 
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