Land Sale Deed

Land Sale Deed Template for Philippines

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Key Requirements PROMPT example:

"I need a Land Sale Deed for the purchase of a 500-square-meter commercial property in Makati City, with a foreign corporate buyer and installment payment terms spread over 6 months starting March 2025."

Document background

The Land Sale Deed is a fundamental legal instrument in Philippine real estate transactions, essential for documenting and executing the transfer of land ownership from one party to another. This document is required whenever real property is bought or sold in the Philippines, whether for residential, commercial, or industrial purposes. The deed must strictly comply with the Civil Code of the Philippines, the Property Registration Decree (PD 1529), and various local government regulations. It contains crucial information such as the parties' details, property description, consideration, warranties, and specific conditions of sale. The Land Sale Deed must be notarized and registered with the appropriate Register of Deeds to be legally effective, and must address particular Philippine requirements regarding foreign ownership restrictions, tax obligations, and local government clearances. This document serves as the cornerstone of property ownership transfer and is vital for maintaining clear title chains in Philippine real estate transactions.

Suggested Sections

1. Parties: Identification and details of the Vendor/Seller and Purchaser/Buyer, including their complete names, civil status, citizenship, and addresses

2. Background: Brief context of the transaction and statement of the Vendor's ownership and right to sell the property

3. Definitions: Definitions of key terms used throughout the deed

4. Property Description: Detailed description of the land being sold, including lot number, survey number, boundaries, and total area

5. Consideration: Purchase price, payment terms, and method of payment

6. Warranties and Representations: Seller's warranties regarding ownership, absence of encumbrances, and right to sell

7. Conditions of Sale: Essential terms and conditions of the sale, including possession date and responsibilities

8. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs

9. Execution Requirements: Formal requirements for deed execution, including notarization and witnesses

10. Governing Law: Statement that the deed is governed by Philippine law

Optional Sections

1. Broker Involvement: Details of any real estate broker involved in the transaction, used when a licensed broker facilitated the sale

2. Existing Tenancies: Information about current tenants and lease agreements, included when the property has existing occupants

3. Environmental Matters: Environmental warranties and disclosures, particularly important for industrial or agricultural land

4. Development Restrictions: Any specific restrictions on land development or use, included when the property is subject to zoning or development limitations

5. Mortgage Details: Information about existing or new mortgages, included when the purchase involves mortgage financing

6. Foreign Ownership Compliance: Special provisions required when the buyer is a foreign entity or individual, ensuring compliance with foreign ownership restrictions

Suggested Schedules

1. Technical Description: Detailed technical description of the land including exact measurements and coordinates

2. Title Documents: Copy of the Transfer Certificate of Title or Original Certificate of Title

3. Tax Declarations: Current tax declarations and tax clearances

4. Payment Schedule: Detailed schedule of payments if the purchase price is to be paid in installments

5. Property Survey: Recent survey plan approved by a licensed geodetic engineer

6. Photos and Maps: Recent photographs of the property and vicinity maps

7. Previous Deeds: Relevant historical documents showing chain of ownership

8. Local Permits: Copies of relevant local government permits and clearances

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

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Relevant Teams

Legal

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Property Management

Corporate Development

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Real Estate Manager

Property Lawyer

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Real Estate Broker

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Real Estate Administrator

Asset Manager

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Development Director

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Title Examiner

Real Estate Paralegal

Corporate Real Estate Officer

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Authors

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