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Deed Of Sale Document
"I need a Deed of Sale Document for the transfer of my commercial property in Manila to a corporate buyer, with payment to be made in three installments between January and June 2025, including specific conditions about existing tenant agreements."
1. Parties: Identifies and provides complete details of the Vendor/Seller and Purchaser/Buyer, including their full names, civil status, addresses, and tax identification numbers
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 precise interpretation
4. Property Description: Detailed description of the property being sold, including its location, boundaries, area, and title details
5. Consideration: States the agreed purchase price and terms of payment
6. Transfer of Title and Ownership: Explicitly states the transfer of all rights, title, and interests from Vendor to Purchaser
7. Vendor's Representations and Warranties: Warranties regarding ownership, absence of encumbrances, and right to sell
8. Taxes and Expenses: Specifies responsibility for transfer taxes, registration fees, and other transaction costs
9. Possession: Details when and how possession of the property will be transferred
10. Execution: Formal execution clause and notarial acknowledgment
1. Encumbrances: Required if there are existing liens, mortgages, or other encumbrances on the property
2. Payment Terms: Needed when payment is not made in full at closing, detailing installment plans or deferred payment arrangements
3. Conditions Precedent: Include when there are specific conditions that must be met before the sale is completed
4. Due Diligence: Relevant for complex property transactions requiring verification of property conditions or title
5. Broker's Commission: Required if a broker was involved in the transaction
6. Property Insurance: Necessary when discussing transfer or requirement of insurance coverage
7. Improvements: Include when selling property with significant improvements or ongoing construction
1. Property Details Schedule: Comprehensive technical description of the property, including lot number, cadastral lot number, and technical boundaries
2. Title Documents: Copies of relevant title documents and tax declarations
3. Payment Schedule: If applicable, detailed breakdown of installment payments and due dates
4. Property Tax Clearance: Documentation showing property tax payments are up to date
5. Photographs: Visual documentation of the property and its boundaries
6. Power of Attorney: If applicable, documentation authorizing representatives to act on behalf of either party
Authors
Real Estate
Property Development
Banking and Finance
Construction
Agriculture (for agricultural land)
Industrial
Commercial Retail
Residential Property
Manufacturing
Hospitality
Legal
Real Estate
Compliance
Property Management
Corporate Affairs
Business Development
Documentation
Risk Management
Asset Management
Operations
Real Estate Attorney
Property Manager
Corporate Lawyer
Real Estate Broker
Legal Counsel
Compliance Officer
Property Developer
Asset Manager
Land Registration Officer
Title Examiner
Real Estate Paralegal
Conveyancing Manager
Property Assessor
Business Development Manager
Corporate Secretary
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