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Deed For Sale Of Property

Deed For Sale Of Property Template for Philippines

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Key Requirements PROMPT example:

Deed For Sale Of Property

"I need a Deed for Sale of Property for the transfer of a commercial building in Manila from my corporation to a foreign company, with completion scheduled for March 15, 2025, including specific provisions for partial payment and mortgage financing."

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Document background
The Deed for Sale of Property is a crucial legal instrument in Philippine real estate transactions, used to formalize and document the transfer of real property ownership. This document is essential when any type of real property (land, buildings, or both) is being sold and transferred from one party to another in the Philippines. It must comply with specific requirements under Philippine law, including the Civil Code, Property Registration Decree, and local government regulations. The deed includes comprehensive details about the property, parties involved, purchase price, payment terms, warranties, and conditions of the sale. It requires notarization and registration with appropriate government authorities to be legally effective and to protect the interests of both parties.
Suggested Sections

1. Parties: Identifies and provides complete details of the Vendor/Seller and Purchaser/Buyer, including their legal capacity to enter into the contract

2. Background: Establishes the context of the sale, including the Vendor's ownership and right to sell the property

3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty

4. Property Description: Detailed description of the property being sold, including its exact location, boundaries, and title details

5. Consideration: States the purchase price and payment terms agreed upon by the parties

6. Warranties and Representations: Vendor's warranties regarding ownership, absence of encumbrances, and authority to sell

7. Transfer of Title and Ownership: Specifies the transfer of rights and timing of the transfer

8. Taxes and Expenses: Allocation of responsibility for transfer taxes, registration fees, and other related expenses

9. Possession: Terms regarding the delivery of possession of the property

10. Registration and Documentation: Requirements for registration of the transfer with relevant authorities

11. Governing Law: Confirms Philippine law as governing law and jurisdiction

12. Execution: Formal execution clause and signature blocks with witness requirements

Optional Sections

1. Conditions Precedent: Used when there are specific conditions that must be met before the sale can proceed

2. Mortgage Details: Required when the property is subject to an existing mortgage or if the purchase is being financed through a mortgage

3. Foreign Ownership Compliance: Required when the purchaser is a foreign national or entity, addressing compliance with foreign ownership restrictions

4. Agricultural Land Provisions: Required when the property is agricultural land subject to CARP restrictions

5. Tenant Rights: Required when the property is occupied by tenants with legal rights

6. Environmental Warranties: Used for properties where environmental concerns need to be addressed

7. Power of Attorney: Required when either party is acting through an attorney-in-fact

Suggested Schedules

1. Property Details Schedule: Comprehensive technical description of the property, including lot number, title details, and technical boundaries

2. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

3. Title Documents: Copies of relevant title documents and certificates

4. Tax Clearance Certificates: Copies of real property tax clearances and other tax-related documents

5. Property Survey: Technical survey plans and descriptions

6. Inventory: List of included fixtures, fittings, or other items included in the sale

7. Required Permits: Copies of relevant permits, clearances, or authorizations

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

Banking and Finance

Construction

Agriculture

Retail

Manufacturing

Hospitality

Healthcare

Education

Legal Services

Property Development

Industrial

Commercial

Relevant Teams

Legal

Real Estate

Compliance

Corporate Secretarial

Risk Management

Business Development

Property Management

Asset Management

Investment

Operations

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Corporate Lawyer

Legal Counsel

Compliance Officer

Real Estate Developer

Land Registration Officer

Property Administrator

Business Development Manager

Asset Manager

Investment Manager

Corporate Secretary

Chief Legal Officer

Risk 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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