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Residential Purchase And Sale Agreement
"I need a Residential Purchase and Sale Agreement for a luxury condominium unit in Makati City, Philippines, with a foreign buyer and including provisions for furniture and fixtures, with closing scheduled for March 2025."
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
1. Parties: Identification of the Seller and Buyer with complete legal names and addresses
2. Background: Context of the transaction and brief property overview
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including lot number, street address, boundaries, and title details
5. Purchase Price: Total purchase price and payment structure
6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and final payment arrangements
7. Conditions Precedent: Conditions that must be met before the sale becomes final
8. Seller's Representations and Warranties: Seller's guarantees regarding property ownership, absence of liens, and other material facts
9. Buyer's Representations and Warranties: Buyer's declarations regarding financial capacity and other relevant matters
10. Title and Transfer: Process and requirements for transferring property title
11. Taxes and Fees: Allocation of transfer taxes, registration fees, and other transaction costs
12. Due Diligence: Buyer's right to inspect and verify property condition and documentation
13. Closing Requirements: Documents and actions required to complete the transaction
14. Risk and Insurance: Responsibility for property insurance and risk of loss before closing
15. Default and Remedies: Consequences and remedies for breach of agreement
16. Notices: How formal communications between parties should be made
17. Governing Law: Confirmation of Philippine law application and jurisdiction
18. Execution: Signature blocks and notarization requirements
1. Financing Contingency: Used when buyer's purchase is contingent on obtaining mortgage financing
2. Property Inspection Contingency: Detailed terms for property inspection rights and remedies
3. Existing Tenancies: Required when property has current tenants and handling of lease agreements
4. Homeowners Association: Needed for properties within subdivisions or covered by homeowners associations
5. Foreign Ownership Compliance: Required when buyer is a foreign national, addressing ownership restrictions
6. Broker Provisions: Include when real estate brokers are involved in the transaction
7. Construction Completion: For properties under construction or requiring specific improvements
8. Environmental Matters: When property has specific environmental concerns or requirements
9. Furniture and Fixtures: When sale includes specific furniture or fixtures
10. Early Possession Agreement: Terms for buyer occupancy prior to closing if applicable
1. Schedule A - Property Details: Detailed technical description of property, including lot plan and boundaries
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and due dates
3. Schedule C - Included Items: List of fixtures, appliances, and other items included in the sale
4. Schedule D - Excluded Items: List of items specifically excluded from the sale
5. Schedule E - Title Documents: Copy of title and other relevant property documents
6. Schedule F - Property Inspection Report: Results of property inspection if completed
7. Schedule G - Permits and Certificates: Copies of relevant permits, certificates, and clearances
8. Appendix 1 - Property Photos: Recent photographs of the property
9. Appendix 2 - Tax Declarations: Current real property tax declarations and receipts
10. Appendix 3 - Required Governmental Forms: Standard government forms required for property transfer
Authors
Real Estate
Legal Services
Banking and Finance
Insurance
Property Development
Construction
Property Management
Public Notary Services
Local Government
Property Appraisal Services
Real Estate Brokerage
Mortgage Services
Legal
Real Estate
Sales
Compliance
Risk Management
Operations
Property Management
Business Development
Documentation
Finance
Customer Relations
Real Estate Lawyer
Property Developer
Real Estate Broker
Real Estate Agent
Property Manager
Legal Counsel
Compliance Officer
Contract Administrator
Title Officer
Property Appraiser
Mortgage Officer
Real Estate Paralegal
Sales Manager
Business Development Manager
Risk Manager
Documentation Specialist
Property Consultant
Transaction Coordinator
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