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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."
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
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
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
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
Legal
Real Estate Operations
Property Management
Sales
Compliance
Contract Administration
Documentation
Risk Management
Corporate Secretarial
Business Development
Finance
Asset Management
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
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