Notarial Cancellation
Uploaded by
Liza MercadoNotarial Cancellation
Uploaded by
Liza MercadoRESCISSION BY A NOTARIAL ACT
June 4, 2021
_____________________
Las Piñas City
Dear MS._____________________,
The records show that as of to date you have been in default in the payment of at least Eight (8) monthly installments
for the purchase of_______________.
Your right to a sixty (60) day grace period under the law (Republic Act No. 6552, the “Realty Installment Buyers
Protection Act”) having expired already, we are constrained to serve this notice of delinquency and cancellation of the Purchase
Agreement that you have executed with the Company.
Unless you pay in full your arrears in the total amount of Pesos: (Php 31,000.00) within thirty (30) days from the
receipt of this notice, we shall deem your Purchase Agreement cancelled in accordance with the law and forfeit in our favor all
payments you have made as liquidated damages.
Should the Company be constrained to go to court due to your failure to heed this notice, you shall be charged in
addition not less than Pesos: Ten Thousand (Php10,000) for and as attorney’s fees, plus cost of litigation and other damages to
which the Company may be adjudged and entitled under the law.
*******************
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES) S.S.
___________________________)
At __________________, this ____________________ came and appeared before me _____________, representing
__________________known to me and to me known to be the same persons who executed the foregoing document and they
acknowledged to me that the same is their free and voluntary act and deed, in the capacities in which they appeared.
This instrument is composed of _________ pages, including the attachments hereto and the page on which this
acknowledgment is written, which are signed by the parties and their instrumental witnesses at the end of the body of the
document and on the left hand margin of and only at the end of the body of the instrument on each and every page of which is
sealed with my notarial seal.
The parties presented their respective Community Tax Certificate Number as follows:
Name TIN
IN WITNESS WHEREOF, I hereunto set my hand and affix my notarial seal on the date and at the place above written.
Doc. No. _________;
Page No. _________;
Book No. _________;
Series of 20 ________.
