Example of a Dation in Payment Contract

A dation in payment contract It is a contract that formalizes the delivery of an item, whether movable or immovable, in order to receive it as payment.

East contract it is accompanied by the signatures of two witnesses attesting to the act and may contain endorsed documents.

Example of a house payment contract:

CONTRACT OF DONATION IN PAYMENT.

Dation-in-payment contract, which is entered into by Mr. Ernesto Vargas Menéndez, who from now on will be identified as "TRANSMITTING" and Mr. Ángel Rodríguez Franco who hereinafter will be identified as the “RECEIVER” of the contract signed in Mexico City on July 22, 2012, with the supervision of two witnesses, one by the "TRANSMITTER" and the other by the "RECEIVER", witnesses who in the end sign.

The "TRANSMITTER" declares to be of Mexican nationality, of legal age, by profession University professor, identify with Voter's credential number (put the identification number), with his address at Av. Principal number 23 Col el Molino Of. Istapalapa, Mexico D.F. He is the owner in full ownership of the following farm:

Declarations:

Characteristics:

Home located at Calle Ing. Mario Rosas, number 256 Col Impulso, Del Iztacalco, Federal District.

Its boundaries by the front in Calle Ing. Mario Rosas Delgadillo, to the north with Delgadillo street to the south with another property Property of Mrs. Hermelinda Rivera Montes and to the West with another property owned by Mr. Edmundo Juárez Fuentes.

The measurements are as follows Front 27 meters, background 14 meters, which form a perfect rectangle.

The construction consists of a two-level house, with patio, garage and room, with three complete bathrooms, ground floor with study, kitchen, office, living room, dining room and laundry room; upstairs with five bedrooms, a room to watch TV and a balcony in each of the rooms.

The construction is made of reinforced concrete, duly rectified by civil security and is 25 years old.

Titles:

This house was acquired from Mr. Rodolfo Mendieta Pérez, with the corresponding property title, and registered in the public registry of property and commerce under the number (put the data corresponding).

The appearing parties do so in their own name and right, recognizing sufficient legal capacity to grant this document, for which by mutual agreement they formalize this contract under the following:

CLAUSES:

FIRST.- Mr. Ernesto Vargas Menéndez, owes Mr. Ángel Rodríguez Franco the amount of $ 5,326,520.00 (FIVE MILLION, THREE HUNDRED TWENTY-SIX THOUSAND FIVE HUNDRED TWENTY PESS M / N.), for fees on account of judicial procedures in agrarian matters, for the management of a ranch of 250 hectares of large livestock, which was in dispute.

SECOND.- The "TRANSMITTER" assigns and transmits to the "RECEIVER", who accepts and acquires as property in this act, the property described above, in full ownership; This property is free of fiscal charges, taxes and excise duties.

THIRD.- The transmission and acquisition of this farm is carried out with the concept of "CECIÓN EN PAGO" due to the debt that until the signing of this contract exists between Mr. Ernesto Vargas Menéndez and Mr. Ángel Rodríguez Frank. That amounts to $ 5,326,520.00 (FIVE MILLION, THREE HUNDRED TWENTY-SIX THOUSAND FIVE HUNDRED TWENTY PESS M / N.), With full release of the debtors and transmitters in their responsibility.

QUARTER.- All expenses and taxes derived and caused as a consequence of the execution of this contract and of the public deed in which in its moment it is formalized, they will be borne by the purchaser, including the municipal tax on the increase in the value of urban land, if will accrue.

FIFTH.- For the interpretation and fulfillment of this contract, as well as for everything not provided for in it, the parties submit to the jurisdiction and competence of the Legal instances of Mexico City Federal District, for which reason they expressly renounce the jurisdiction that by reason of their present or future domicile, could reciprocate.

Having read the one that was the present in proof of conformity, they sign it in duplicate, in the place and date indicated at the beginning, leaving a copy of it in the possession of each contracting party.

In Mexico City on July 22, 2012

Mr. Ernesto Vargas Menéndez Mr. Ángel Rodríguez Franco
TRANSMITTING RECEIVER
(Signature) (Signature)

Witness Witness
(Signature) (Signature)