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The Agreement To Sell Real Estate Contract is a crucial document in Philippine real estate transactions, serving as a preliminary agreement that precedes the final Deed of Absolute Sale. This type of contract is particularly important in cases where the purchase price is to be paid in installments or when certain conditions must be met before the final transfer of property ownership. It provides a legally binding framework that protects both parties' interests during the transition period between the initial agreement and the final sale. The document must comply with Philippine property laws, including the Civil Code, Property Registration Decree, and relevant tax regulations. It's commonly used in both residential and commercial property transactions, particularly in pre-selling arrangements, property development projects, and instances where buyers require financing arrangements. The agreement typically includes comprehensive details about the property, payment terms, warranties, and conditions that must be satisfied before the final transfer of ownership.

1. Parties: Identifies and provides complete details of the Seller and Buyer, including their legal names, civil status, addresses, and tax identification numbers

2. Background: Establishes the context of the agreement, including the Seller's ownership of the property and the parties' intention to enter into a sale transaction

3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation

4. Property Description: Detailed description of the real estate property, including its location, boundaries, and title details

5. Purchase Price: States the agreed purchase price and payment terms, including any earnest money or down payment requirements

6. Payment Terms: Specifies the schedule of payments, method of payment, and consequences of default

7. Conditions Precedent: Lists conditions that must be fulfilled before the sale becomes final, including title clearance and documentation requirements

8. Seller's Representations and Warranties: Seller's guarantees regarding property ownership, absence of liens, and other material facts

9. Buyer's Representations and Warranties: Buyer's declarations regarding financial capacity and compliance with laws

10. Closing and Transfer of Title: Details the process and requirements for completing the sale and transferring property ownership

11. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs

12. Default and Remedies: Specifies what constitutes default and the available remedies for both parties

13. Governing Law: Confirms Philippine law as governing law and specifies jurisdiction for disputes

14. Notices: Specifies how formal communications between parties should be made and delivered

15. Miscellaneous Provisions: Standard contract provisions including severability, entire agreement, and amendment procedures