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Land Transfer Agreement
"I need a Land Transfer Agreement for the sale of a 500-square-meter commercial property in Makati City, Philippines, to a foreign corporation, with completion scheduled for March 2025 and payment to be made in three installments."
1. Parties: Identification of the Transferor (Seller) and Transferee (Buyer) with complete legal names, addresses, and tax identification numbers
2. Background: Context of the land transfer, including brief history of ownership and reason for transfer
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the land including lot number, survey number, boundaries, and total area
5. Consideration: Purchase price and payment terms, including method and schedule of payment
6. Warranties and Representations: Seller's warranties regarding ownership, absence of encumbrances, and authority to sell
7. Transfer of Title: Process and obligations for transferring the title from seller to buyer
8. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other related expenses
9. Possession: Terms and timing for the transfer of physical possession of the property
10. Registration and Documentation: Requirements for registration with relevant authorities and necessary documentation
11. Governing Law: Specification of Philippine law as governing law and relevant jurisdictions
12. Execution: Signature blocks and notarization requirements
1. Broker Involvement: Details of any real estate broker involvement and commission arrangements, if applicable
2. Existing Tenancies: Information about current tenants and treatment of existing lease agreements, if any
3. Environmental Matters: Environmental warranties and indemnities, particularly relevant for industrial or potentially contaminated land
4. Development Restrictions: Any existing or future development restrictions on the property
5. Agrarian Reform Compliance: Required for agricultural land subject to CARP laws
6. Indigenous Peoples' Rights: Required when the land is within or adjacent to ancestral domains
7. Mortgage Details: If the property is being sold subject to an existing mortgage or will be mortgaged as part of the purchase
8. Special Conditions: Any unique requirements or conditions specific to the particular transfer
1. Property Documents: List of all title documents, tax declarations, and property surveys
2. Technical Description: Detailed technical description of the property including metes and bounds
3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Encumbrances: List of existing encumbrances, easements, or restrictions on the property
5. Due Diligence Results: Summary of property inspection, title search, and other due diligence findings
6. Required Permits: List of permits and certificates required for the transfer
7. Tax Certificates: Current tax clearances and certificates required for transfer
8. Photos and Maps: Recent photographs of the property and location maps
Authors
Real Estate
Property Development
Agriculture
Construction
Banking and Finance
Legal Services
Government and Public Sector
Industrial
Commercial
Residential Development
Tourism and Hospitality
Legal
Real Estate
Compliance
Property Management
Corporate Secretariat
Business Development
Finance
Tax
Risk Management
Operations
Real Estate Lawyer
Property Manager
Real Estate Broker
Corporate Counsel
Legal Director
Compliance Officer
Land Registration Officer
Real Estate Developer
Property Assessor
Tax Consultant
Corporate Secretary
Chief Legal Officer
Business Development Manager
Land Development Officer
Real Estate Investment Manager
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