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Deed Of Sale Of Registered Land
"I need a Deed of Sale of Registered Land for my company's purchase of a 500-square-meter industrial lot in Manila, Philippines, with the transaction closing planned for March 15, 2025, and payment to be made in three installments."
1. Title and Preamble: Identifies the document as a Deed of Sale and date of execution
2. Parties: Identifies and provides complete details of the Vendor/Seller and Vendee/Buyer including their civil status, citizenship, and addresses
3. Background: States the Vendor's ownership of the property and desire to sell, and the Vendee's willingness to purchase
4. Definitions: Defines key terms used in the deed including 'Property', 'Purchase Price', 'Transfer Date', etc.
5. Property Description: Detailed technical description of the land including lot number, survey number, certificate of title number, boundaries, and area
6. Consideration: States the purchase price, payment terms, and acknowledgment of receipt
7. Warranties and Representations: Seller's warranties regarding ownership, absence of liens/encumbrances, and authority to sell
8. Transfer of Title and Ownership: Explicit statement of transfer of rights, title, and interests from seller to buyer
9. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other related expenses
10. Possession: Terms regarding the delivery of possession of the property
11. Registration and Title Transfer: Process and obligations for registering the transfer with the Registry of Deeds
12. Execution: Formal closing including signatures, witnesses, and notarization
1. Conditions Precedent: Used when there are specific conditions that must be met before the sale becomes effective
2. Payment Terms: Detailed section needed when payment is not made in full at signing but involves installments or specific arrangements
3. Encumbrances: Required when there are existing liens, mortgages, or other encumbrances that need to be addressed
4. Power of Attorney: Included when either party is represented by an attorney-in-fact
5. Marital Consent: Required when the seller is married and the property is conjugal
6. Broker's Commission: Included when a broker or agent is involved in the transaction
1. Property Documents: Copies of the Transfer Certificate of Title, tax declarations, and tax clearances
2. Technical Description: Detailed technical description of the property including survey plans
3. Payment Schedule: If applicable, detailed schedule of installment payments
4. Tax Certificates: Current real property tax receipts and certificates
5. Special Power of Attorney: If applicable, document authorizing representation of either party
6. Supporting Documents: Marriage certificates, corporate authorizations, or other relevant supporting documents
Authors
Real Estate
Property Development
Construction
Agriculture
Banking and Finance
Legal Services
Property Investment
Industrial Development
Commercial Development
Tourism and Hospitality
Legal
Real Estate
Property Management
Compliance
Corporate Affairs
Documentation
Land Registration
Asset Management
Investment
Risk Management
Real Estate Lawyer
Property Manager
Real Estate Broker
Land Developer
Corporate Lawyer
Legal Counsel
Compliance Officer
Real Estate Officer
Property Administrator
Land Registration Officer
Notary Public
Title Examiner
Real Estate Investment Manager
Asset Manager
Legal Document Specialist
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