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For Sale By Owner Property Contract
"I need a For Sale By Owner Property Contract for my three-bedroom residential property in Makati City, Philippines, with a planned closing date of March 15, 2025, including provisions for furniture and fixtures to be included in the sale."
1. Parties: Full legal names, addresses, and contact details of the seller and buyer
2. Background: Brief context of the property sale and the parties' intention to enter into this agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including exact address, boundaries, lot area, and Tax Declaration Number
5. Purchase Price: Agreed purchase price, payment terms, and schedule of payments
6. Payment Terms: Detailed breakdown of payment method, installments if any, and consequences of default
7. Conditions of Sale: Essential conditions that must be met for the sale to proceed
8. Representations and Warranties: Seller's declarations regarding property ownership, absence of liens, and other material facts
9. Closing and Transfer of Title: Process and timeline for completing the sale and transferring property ownership
10. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
11. Default and Remedies: Consequences of breach and available remedies for either party
12. Governing Law: Specification that Philippine law governs the agreement
13. Execution: Signature blocks and notarization requirements
1. Broker Participation: Include if any real estate broker is involved in the transaction, despite being FSBO
2. Mortgage Contingency: Include if the purchase is contingent on buyer obtaining financing
3. Property Inspection: Include if specific inspection requirements or contingencies are needed
4. Occupancy and Possession: Include if there are specific arrangements regarding when and how the buyer will take possession
5. Existing Tenancies: Include if the property has current tenants and arrangements for their continued occupancy or termination
6. Furniture and Fixtures: Include if specific items are included or excluded from the sale
7. Construction Warranties: Include for newly constructed properties or recent renovations
8. Homeowners Association: Include if property is part of an HOA or similar organization
1. Schedule A - Property Details: Comprehensive technical description of the property, including lot plan, technical description, and boundaries
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
3. Schedule C - Property Documents: List of all property-related documents provided by seller
4. Schedule D - Included Items: Detailed list of fixtures, furniture, or other items included in the sale
5. Schedule E - Outstanding Requirements: List of permits, clearances, or certificates needed to complete the transaction
6. Appendix 1 - Property Title: Copy of the current property title
7. Appendix 2 - Tax Declarations: Copies of current tax declarations and receipts
8. Appendix 3 - Property Photos: Recent photographs of the property and its major features
Authors
Real Estate
Legal Services
Banking and Finance
Insurance
Construction
Property Development
Property Management
Public Sector
Professional Services
Legal
Real Estate
Compliance
Property Management
Documentation
Finance
Tax
Risk Management
Administrative Services
Operations
Property Owner
Real Estate Lawyer
Property Manager
Legal Counsel
Compliance Officer
Real Estate Consultant
Property Assessor
Title Insurance Officer
Document Controller
Legal Administrator
Property Administrator
Financial Controller
Tax Consultant
Real Estate Paralegal
Notary Public
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