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Agreement To Sell Real Estate Form Template for Philippines

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Key Requirements PROMPT example:

Agreement To Sell Real Estate Form

"I need an Agreement to Sell Real Estate Form for a commercial property in Makati City, Philippines, with a purchase price of 25 million pesos to be paid in three installments throughout 2025, including special provisions for the existing tenant's lease agreement."

Document background
The Agreement To Sell Real Estate Form is a crucial legal document used in Philippine real estate transactions when parties wish to formalize their commitment to a property sale before the actual transfer of title. This document is particularly important in situations involving installment payments or when certain conditions must be met before the final sale. It must comply with various Philippine laws, including the Civil Code, the Maceda Law (RA 6552), and local property regulations. The agreement includes detailed provisions about the property, payment terms, obligations of both parties, and conditions for the eventual execution of the Deed of Absolute Sale. It serves as protection for both buyer and seller by clearly defining their rights and responsibilities throughout the transaction process, while ensuring compliance with Philippine property laws and regulations.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with complete legal names, civil status, citizenship, and addresses as required by Philippine law

2. Background: Context of the transaction, including brief description of the property and parties' intention to enter into a sale

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the real estate property including lot number, title details, boundaries, and technical description as per land title

5. Purchase Price: Total purchase price, payment terms, and schedule of payments

6. Terms of Payment: Detailed payment structure, including down payment, installments, and final payment requirements

7. Conditions of Sale: Essential conditions that must be met for the sale to proceed

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

9. Rights and Obligations: Specific rights and obligations of both parties during the sale process

10. Transfer of Title: Process and conditions for the transfer of property title

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

12. Default and Remedies: Consequences of default and available remedies for both parties

13. Governing Law: Specification of Philippine law as governing law and jurisdiction

14. Execution: Formal closing provisions and signature blocks

Optional Sections

1. Broker Involvement: Details of real estate broker involvement and commission arrangements, included when a broker is part of the transaction

2. Mortgage Provisions: Included when the property has existing mortgages or if the purchase is subject to mortgage financing

3. Construction Provisions: Required when the property is under construction or includes future development commitments

4. Tenant Provisions: Included when the property is currently leased or has existing tenants

5. Foreign Ownership Compliance: Required when the buyer is a foreign national, detailing compliance with Philippine foreign ownership restrictions

6. Condominium Provisions: Included for condominium properties, incorporating association rules and common area provisions

7. Agricultural Land Provisions: Required when the property is agricultural land, including compliance with agrarian reform laws

8. Force Majeure: Optional clause addressing unforeseen circumstances that may affect the transaction

Suggested Schedules

1. Schedule A - Property Details: Technical description of the property, including lot plan, boundaries, and title information

2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates

3. Schedule C - Property Documents: List of all property-related documents to be transferred

4. Schedule D - Permits and Licenses: Copies of relevant permits, licenses, and certificates affecting the property

5. Schedule E - Property Inspection Report: Results of property inspection and list of any identified issues

6. Appendix 1 - Property Photos: Recent photographs of the property and its significant features

7. Appendix 2 - Tax Declarations: Copies of current tax declarations and receipts

8. Appendix 3 - Special Power of Attorney: If applicable, authorization documents for representatives of either party

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions









































Clauses






































Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Urban Development

Housing and Development

Agricultural Real Estate

Commercial Real Estate

Residential Real Estate

Industrial Real Estate

Relevant Teams

Legal

Real Estate Operations

Property Management

Sales

Compliance

Contract Administration

Documentation

Risk Management

Corporate Secretarial

Business Development

Finance

Asset Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Legal Counsel

Corporate Lawyer

Real Estate Agent

Property Developer

Sales Manager

Contract Administrator

Compliance Officer

Real Estate Operations Manager

Land Registration Officer

Title Examiner

Property Assessor

Real Estate Investment Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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