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Deed Of Home Ownership

Deed Of Home Ownership Template for Philippines

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Key Requirements PROMPT example:

Deed Of Home Ownership

"I need a Deed of Home Ownership for transferring my residential property in Manila to my daughter, with a provision that allows me to continue living in the property until January 2025, and the deed should include special clauses about maintaining it as a family home."

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Document background
The Deed of Home Ownership is a crucial legal document in Philippine property law that formalizes the transfer of residential property ownership. It is primarily used when completing the sale or transfer of a residential property, ensuring compliance with local property laws and registration requirements. The document includes essential elements such as property details, ownership declarations, tax provisions, and necessary warranties as required by Philippine legislation. This deed must be properly executed before a notary public and registered with appropriate government authorities, including the Register of Deeds. It serves as the foundational document for property ownership rights and is often required for various purposes including mortgage applications, property development, and real estate transactions.
Suggested Sections

1. Parties: Identification of the Transferor (current owner) and Transferee (new owner) with complete legal names and details

2. Background: Context of the property transfer, including brief history of ownership and reason for transfer

3. Definitions: Key terms used throughout the deed, including property-specific terminology

4. Property Details: Comprehensive description of the property including lot number, street address, boundaries, and technical description

5. Declaration of Ownership: Formal statement transferring ownership rights from Transferor to Transferee

6. Consideration: Details of the purchase price or value of the transfer

7. Warranties and Representations: Transferor's guarantees regarding property title, absence of liens, and right to transfer

8. Property Rights and Obligations: Specification of rights being transferred and ongoing obligations

9. Tax Declarations: Statements regarding payment of relevant taxes and fees

10. Registration Requirements: Requirements for registering the transfer with relevant authorities

11. Execution: Formal signing requirements and notarization provisions

Optional Sections

1. Mortgage Details: Include when the property has an existing mortgage or is being purchased through financing

2. Co-ownership Provisions: Required when multiple owners are involved in the transfer

3. Easements and Restrictions: Include when there are specific easements or usage restrictions on the property

4. Tenant Provisions: Required when the property is currently leased or occupied by tenants

5. Family Home Declaration: Include when the property is or will be declared as a family home

6. Special Power of Attorney: Required when any party is acting through an attorney-in-fact

7. Surviving Spouse Consent: Include when the transferor is married and the property is conjugal

Suggested Schedules

1. Schedule A - Property Description: Detailed technical description of the property including lot size, boundaries, and improvements

2. Schedule B - Title Documents: Copy of the Transfer Certificate of Title or other ownership documents

3. Schedule C - Tax Clearances: Copies of relevant tax clearances and receipts

4. Schedule D - Property Photos: Recent photographs of the property and its boundaries

5. Schedule E - Survey Plan: Approved survey plan and technical description from licensed surveyor

6. Appendix 1 - Required Permits: Copies of necessary local government permits and clearances

7. Appendix 2 - Payment Details: Documentation of payment transactions and terms

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

Legal Services

Construction

Property Development

Insurance

Public Sector

Housing Development

Relevant Teams

Legal

Real Estate

Property Management

Documentation

Mortgage Services

Compliance

Title and Registration

Customer Relations

Risk Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Title Examiner

Mortgage Officer

Real Estate Developer

Property Assessor

Notary Public

Legal Counsel

Housing Program Officer

Real Estate Documentation Specialist

Property Rights Administrator

Conveyancing Lawyer

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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