AUTHORITY TO SELL (ATS) WITH COMMISSION CLAUSE DOCX

Title	AUTHORITY TO SELL (ATS) WITH COMMISSION CLAUSE
Author	M. Accounting
Pages	1
File Size	17.1 KB
File Type	DOCX
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AUTHORITY TO SELL (ATS) WITH COMMISSION CLAUSE March 9, 2018 TO: AGENTS GROUP 1. ROMY C. TAGLE 2. CRISTINA R. CABIGTING Dear Sirs/Madam: This is to authorize your group to negotiate the sale of my property with a commission of _5_ % of the selling price. The details of the property being offered for sale are as follows: PROPERTY DESCRIPTION: SUBIC BAY PENINSULAR HOTEL PROPERTY INFORMATION: The hotel is situated in a prime situation in the popular national and international tourist destination of Subic Bay. ADDRESS: Bldgs. 489, 490 & 491, Canal Road, Subic Bay Freeport Zone, Philippines Hotel Building Area Bldg. 489 - 2,295 sqm. Bldg. 490 - 2,860 sqm. Bldg. 491 - 2,295 sqm. SUBTOTAL: 7,450 sqm Surrounding Structure and Lots Facilities: Bld. 472 - 59 sqm Bldg. 473 - 59 sam Bldg. 474 - 59 sqm. Office Area - 145 sqm. Storage Area - 123 sqm Swimming Pool - 375 sqm Parking Shed - 380 sam Open Lot Area - 15,123 SUBTOTAL: 16,323 sqm Existing Contracts: - Bureau of Internal Revenue is currently renting with SBPHC - a 725 SQM building. - Guaranteed to pay Php 304,502 a month broken down as follows: Php 276,820 shall be paid to SBPHC Php 27,682 to SBMA SHARE Monthly Gross Sales: PhP 3-7Million REAL ESTATE: Rental Scheme with SBMA TOTAL AREA: 23,773 sqm Selling Price: Php 250,000,000.00 all inclusive of the following: 3 Buildings, Furnitures and fixtures, 1 Van Website, All proprietary information Cost of transfers, No hidden costs Should the sale be made or effected on modified terms or such other terms as may be accepted by both the undersigned and the buyer, you are likewise credited for the said sale and shall be given commensurate commission that maybe agreed upon by me and your agents' group before the sale of the said property is concluded. This Authority to Sell is granting exclusivity rights to the Agent's Group to sell to the Buyer, Filinvest Land Inc. That the AGENT'S' GROUP will assist the OWNER/SELLER OF PROPERTY in the facilitation and documentation of the required sales transactions pertaining to the sale to be made and will be entitled to the same agent's commission for succeeding transactions made between the seller and buyer. _________________________________ MARCH 9, 2018 JOSELITO B. LACAP Date...