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Deed Of Sale Letter Template for Philippines

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Key Requirements PROMPT example:

Deed Of Sale Letter

"I need a Deed of Sale Letter for a residential property sale in Manila, Philippines, where I'm selling my condominium unit to a foreign corporation for PHP 15 million, with the closing date set for March 15, 2025."

Document background
The Deed of Sale Letter is a crucial legal instrument in Philippine property law, used to formalize and document the transfer of ownership of real property from one party to another. This document type is essential in both residential and commercial property transactions, requiring careful preparation to ensure compliance with Philippine legal requirements. The deed must include specific elements mandated by the Civil Code of the Philippines and related regulations, such as proper party identification, property description, consideration, and necessary warranties. A properly executed Deed of Sale Letter serves as the basis for registering the transfer with the Register of Deeds and is often required by banks, government agencies, and other institutions as proof of ownership transfer. The document must be notarized to be legally binding and is typically prepared in conjunction with other supporting documents such as tax clearances and property titles.
Suggested Sections

1. Title and Date: Formal title 'Deed of Sale' and date of execution

2. Parties: Complete names and addresses of the Vendor/Seller and Vendee/Buyer, including their civil status as required by Philippine law

3. Recitals: Statement that the Vendor is the lawful owner of the property and has full right to sell

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

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

6. Free and Clear Title: Declaration that the property is free from all liens and encumbrances

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

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

9. Possession: Terms of delivering physical possession of the property

10. Notarial Acknowledgment: Space for notarization as required by Philippine law

Optional Sections

1. Prior Encumbrances: Section detailing any existing liens, mortgages, or encumbrances if applicable

2. Spouse's Consent: Required if the seller is married, to comply with Philippine family law requirements

3. Special Power of Attorney: If any party is acting through an attorney-in-fact

4. Payment Terms: Detailed section for installment payments if not paid in full

5. Warranties: Additional warranties beyond the basic ones required by law

6. Conditions Precedent: Any conditions that must be met before the sale becomes effective

Suggested Schedules

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

2. Tax Clearance Certificates: Proof that all required taxes have been paid

3. Transfer Certificates of Title: Copies of relevant property titles

4. Tax Declarations: Current tax declarations for the property

5. Receipts and Proof of Payment: Documentation of payment transactions

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

Relevant legal definitions

























Clauses




















Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Agriculture (for agricultural land)

Commercial Real Estate

Residential Real Estate

Industrial Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Operations

Documentation

Corporate Secretariat

Risk Management

Asset Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Legal Counsel

Corporate Secretary

Compliance Officer

Property Administrator

Real Estate Transaction Manager

Title Examiner

Conveyancing Officer

Legal Document Specialist

Real Estate Operations 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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