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Deed Of Absolute Sale Land

Deed Of Absolute Sale Land Template for Philippines

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Key Requirements PROMPT example:

Deed Of Absolute Sale Land

"I need a Deed of Absolute Sale Land for a 500-square-meter residential property in Cebu City, Philippines, to be transferred from an individual seller to me as an individual buyer, with the closing date set for March 15, 2025."

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Document background
The Deed of Absolute Sale Land is a crucial legal instrument in Philippine real estate transactions, used when there is a definitive transfer of land ownership from one party to another. This document is essential for completing the conveyance of real property and is required for registration with the Register of Deeds to obtain a new title in the buyer's name. It must comply with the formal requirements under the Civil Code of the Philippines, Property Registration Decree, and related regulations. The deed includes vital information such as the parties' details, property description, purchase price, and warranties of ownership. It is commonly used in various contexts, from private individual transactions to corporate real estate acquisitions, and must be notarized to be valid. Understanding and properly executing this document is crucial as it represents the final step in a property sale transaction in the Philippines.
Suggested Sections

1. Title and Date: Clearly states the document is a Deed of Absolute Sale and the date of execution

2. Parties: Identifies the Vendor/Seller and Vendee/Buyer with complete names, civil status, citizenship, and addresses as required by Philippine law

3. Recitals: Background information including the Vendor's ownership and title details of the property

4. Definitions: Defines key terms used throughout the deed

5. Property Description: Detailed technical description of the land including lot number, survey number, location, boundaries, and area as reflected in the title

6. Title Details: Information about the current title certificate, including number and registration details

7. Consideration: States the purchase price and terms of payment, with acknowledgment of receipt

8. Warranties of Title: Vendor's warranties regarding clear title, absence of liens or encumbrances, and right to sell

9. Transfer of Rights: Express statement transferring all rights, title, and interests to the Vendee

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

11. Possession: Provision regarding the transfer of physical possession of the property

12. Execution: Formal signing section including space for parties' signatures and witnesses

Optional Sections

1. Existing Encumbrances: Details of any existing liens, mortgages, or encumbrances and how they will be handled

2. Special Conditions: Any specific conditions of sale such as pending permits or clearances

3. Power of Attorney: Where one or more parties are represented by an attorney-in-fact

4. Marital Consent: Required when the seller is married, showing spouse's consent to the sale

5. Broker's Clause: If a broker was involved in the transaction, detailing their commission arrangement

6. Survivorship Clause: For multiple buyers wanting right of survivorship

7. Prior Agreements: Reference to and integration of any prior agreements or contracts to sell

8. Dispute Resolution: Optional provisions for handling future disputes

Suggested Schedules

1. Technical Description: Detailed technical description of the property from the title or survey plan

2. Tax Declarations: Copies of current real property tax declarations

3. Title Certificate: Copy of the Transfer Certificate of Title or Original Certificate of Title

4. Tax Clearances: Real property tax clearances and other tax certificates

5. Survey Plan: Approved survey plan of the property

6. Special Power of Attorney: If applicable, SPA authorizing representation of any party

7. Corporate Documents: If any party is a corporation, relevant board resolutions and corporate documents

8. Receipts: Proof of payment of consideration and various taxes and fees

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
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Relevant Industries

Real Estate

Property Development

Construction

Agriculture

Industrial

Commercial

Residential Development

Banking and Finance

Legal Services

Government and Public Sector

Infrastructure Development

Tourism and Hospitality

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretariat

Land Acquisition

Documentation

Title Administration

Asset Management

Property Development

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Legal Counsel

Corporate Secretary

Land Developer

Real Estate Agent

Compliance Officer

Title Examiner

Property Acquisition Manager

Real Estate Investment Manager

Land Registration Officer

Notary Public

Property Administrator

Real Estate Documentation Specialist

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