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Condo Deed

Condo Deed Template for Philippines

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Key Requirements PROMPT example:

Condo Deed

"I need a Condo Deed for a luxury unit purchase in Manila, Philippines, with special provisions for exclusive access to the rooftop garden and additional parking rights for two vehicles, with the transaction expected to close by March 2025."

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Document background
The Condo Deed is a crucial legal instrument in Philippine real estate transactions, used specifically for transferring ownership rights of condominium units. This document is essential when purchasing a condominium unit, whether from a developer or a previous owner, and must comply with the Condominium Act (RA 4726) and other relevant Philippine property laws. The deed contains comprehensive information about the unit, including its exact specifications, share in common areas, ownership rights, and obligations. It serves as the primary evidence of ownership and establishes the legal relationship between the unit owner and the condominium corporation. The document is particularly important in the Philippine context due to the growing popularity of condominium living in urban areas and the need to clearly define property rights in shared buildings.
Suggested Sections

1. Parties: Identifies and provides complete details of the seller/developer and buyer, including their legal capacity to enter into the agreement

2. Background: Provides context about the condominium project, developer's authority, and property background

3. Definitions: Defines key terms used throughout the deed, including technical and legal terminology

4. Property Description: Detailed description of the specific unit, including unit number, floor area, boundaries, and technical specifications

5. Common Areas: Specification of common areas and facilities, including the buyer's proportionate interest

6. Purchase Price: States the total purchase price, payment terms, and schedule of payments

7. Rights and Obligations: Outlines the rights and obligations of the unit owner, including use restrictions and compliance requirements

8. Association Membership: Details about mandatory membership in the condominium corporation or association

9. Maintenance and Utilities: Responsibilities for unit maintenance and utility connections

10. Insurance: Requirements for insurance coverage of the unit and common areas

11. Transfer of Title: Process and requirements for the transfer of title to the buyer

12. Governing Law: Specifies that the deed is governed by Philippine law and relevant regulations

13. Execution: Formal closing section with signatures, witnesses, and notarization requirements

Optional Sections

1. Mortgage Provisions: Include when the purchase is financed through a mortgage, specifying the terms and conditions of the mortgage

2. Parking Rights: Include when the unit comes with designated parking space(s)

3. Storage Rights: Include when additional storage areas are included in the purchase

4. Special Use Rights: Include when there are specific amenities or facilities with restricted or special use rights

5. Property Management: Include when there are specific property management arrangements or requirements

6. Construction Warranties: Include for new developments to specify construction warranties and defect liability periods

7. Renovation Guidelines: Include when there are specific restrictions or requirements for unit renovations

8. Lease Provisions: Include when there are restrictions or requirements regarding unit leasing

Suggested Schedules

1. Schedule A - Unit Floor Plan: Detailed architectural plan of the unit showing exact measurements and boundaries

2. Schedule B - Master Title Details: Copy of the master title and technical description from the Registry of Deeds

3. Schedule C - Common Areas Plan: Plan showing all common areas and facilities in the condominium project

4. Schedule D - Payment Schedule: Detailed breakdown of the payment terms and schedule

5. Schedule E - House Rules: Complete set of condominium rules and regulations

6. Schedule F - Maintenance Fees: Schedule of association dues and other regular fees

7. Appendix 1 - Developer's Licenses: Copies of relevant permits and licenses

8. Appendix 2 - Association Documents: Copies of association articles and by-laws

9. Appendix 3 - Tax Certificates: Current tax declarations and certificates

10. Appendix 4 - Building Insurance: Details of master insurance policy for the building

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

alex.den.21@genieai.co
Relevant legal definitions















































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Relevant Industries

Real Estate

Property Development

Legal Services

Banking and Finance

Construction

Property Management

Insurance

Real Estate Investment

Urban Development

Housing and Development

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Documentation

Sales

Customer Relations

Risk Management

Operations

Corporate Services

Relevant Roles

Real Estate Lawyer

Property Developer

Real Estate Broker

Property Manager

Legal Counsel

Compliance Officer

Real Estate Manager

Title Officer

Conveyancing Lawyer

Property Development Director

Real Estate Transaction Manager

Documentation Specialist

Legal Documentation Officer

Property Rights Specialist

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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