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Deed Of Absolute Sale With Conditions

Deed Of Absolute Sale With Conditions Template for Philippines

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Key Requirements PROMPT example:

Deed Of Absolute Sale With Conditions

"I need a Deed of Absolute Sale with Conditions for a residential property in Manila, where the purchase price of PHP 5 million will be paid in three installments throughout 2025, with the final transfer of title occurring only after full payment."

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Document background
The Deed of Absolute Sale with Conditions is a crucial legal instrument in Philippine property law, used when transferring real property ownership while incorporating specific conditions that must be satisfied either before or after the transfer. This document type is particularly relevant when parties wish to ensure certain requirements or obligations are met as part of the property transfer process. The deed must comply with the requirements of the Philippine Civil Code, Property Registration Decree, and local regulations. It's commonly used in situations where the sale needs to accommodate specific arrangements such as payment terms, property development requirements, or usage restrictions. The document requires proper execution before a notary public and must be registered with appropriate government agencies to be fully effective.
Suggested Sections

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

2. Background: Recitals establishing the ownership of the property by the Vendor, property details, and context of the sale

3. Definitions: Definitions of key terms used throughout the deed, including property description, conditions, and other relevant terms

4. Property Description: Detailed technical description of the property including lot number, survey details, boundaries, and certificate of title number

5. Consideration: Purchase price, payment terms, and acknowledgment of receipt

6. Conditions of Sale: Specific conditions that must be fulfilled as part of the sale agreement

7. Warranties and Representations: Seller's warranties regarding property ownership, absence of liens, and authority to sell

8. Transfer of Rights: Clear statement of transfer of all rights, interests, and title from seller to buyer

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

10. Possession: Terms regarding the delivery of physical possession of the property

11. Execution Requirements: Notarial and witness requirements as per Philippine law

Optional Sections

1. Broker Involvement: Section detailing broker's role and commission if a licensed real estate broker is involved in the transaction

2. Existing Tenancies: Details of any existing lease agreements if the property is currently tenanted

3. Environmental Warranties: Additional warranties regarding environmental condition of the property, particularly relevant for industrial or commercial properties

4. Mortgage Details: If the property is being sold subject to an existing mortgage or will be mortgaged as part of the purchase

5. Construction Warranties: For newly constructed properties, warranties regarding construction quality and compliance with building codes

6. Right of First Refusal: Optional clause giving the seller first right to repurchase if the buyer decides to sell in the future

Suggested Schedules

1. Property Documents: Copies of title, tax declarations, and technical description of the property

2. Payment Schedule: If payment is to be made in installments, detailed schedule of payment dates and amounts

3. Conditions Precedent: Detailed list of conditions that must be fulfilled before the sale becomes absolute

4. Outstanding Taxes: Schedule of any outstanding property taxes or assessments

5. Permits and Licenses: Copies of relevant permits, licenses, and certificates affecting the property

6. Property Inventory: For sales including furniture or fixtures, detailed inventory of included items

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



































Clauses




























Relevant Industries

Real Estate

Banking and Finance

Legal Services

Construction

Property Development

Agriculture (for agricultural land)

Commercial Property

Residential Property

Industrial Property

Hospitality

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Corporate Secretariat

Documentation

Risk Management

Asset Management

Acquisitions

Property Development

Relevant Roles

Real Estate Attorney

Property Lawyer

Real Estate Broker

Property Manager

Legal Counsel

Corporate Secretary

Compliance Officer

Real Estate Developer

Land Registration Officer

Title Examiner

Property Assessor

Real Estate Manager

Transaction Coordinator

Legal Document Specialist

Property Acquisition 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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