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Simple House Sale Contract Template for Philippines

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Key Requirements PROMPT example:

Simple House Sale Contract

"I need a Simple House Sale Contract for a property in Manila, Philippines, where the seller will retain occupancy rights until March 2025, and the purchase price will be paid in three installments."

Document background
The Simple House Sale Contract is a fundamental legal document used in Philippine real estate transactions for the transfer of residential property ownership. This document is particularly suitable for straightforward property sales where the terms are relatively standard and uncomplicated. It incorporates requirements from the Civil Code of the Philippines, the Maceda Law, and other relevant property legislation. The contract is designed to protect both parties' interests while ensuring legal compliance with Philippine property laws and local government requirements. It's commonly used for individual home sales, whether involving direct buyers and sellers or through real estate brokers, and includes essential provisions for property transfer, payment terms, and closing requirements. The document's structure allows for easy customization while maintaining all necessary legal elements for a valid property sale in the Philippine jurisdiction.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with complete legal names and addresses

2. Background: Brief context of the sale transaction and property ownership history

3. Definitions: Key terms used throughout the contract including 'Property', 'Purchase Price', 'Closing Date', etc.

4. Property Description: Detailed legal description of the property including lot number, street address, boundaries, and title details

5. Purchase Price: Statement of the total purchase price and payment terms

6. Payment Terms: Detailed breakdown of payment schedule, method of payment, and consequences of default

7. Warranties and Representations: Seller's warranties regarding property ownership, absence of liens, and condition of the property

8. Closing Requirements: Conditions that must be met before closing, including documentation and timing

9. Transfer of Title: Process and requirements for transferring property title to the buyer

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

11. Default and Remedies: Consequences of breach by either party and available remedies

12. Governing Law: Specification that Philippine law governs the contract

13. Execution: Signature blocks and notarization requirements

Optional Sections

1. Inspection Period: Used when buyer requires time to inspect the property before finalizing the purchase

2. Financing Contingency: Include when purchase is contingent on buyer obtaining mortgage or other financing

3. Occupancy Terms: Required when discussing current occupants or timing of vacancy

4. Repairs and Improvements: Include when specific repairs or improvements are agreed to be made before closing

5. Broker Provisions: Required when real estate brokers are involved in the transaction

6. Force Majeure: Optional clause for unexpected events preventing contract performance

7. Survivability: Specifies which provisions survive after closing

Suggested Schedules

1. Schedule A - Property Details: Detailed technical description of the property including lot plan, technical description, and boundaries

2. Schedule B - Included Items: List of fixtures and fittings included in the sale

3. Schedule C - Excluded Items: List of items specifically excluded from the sale

4. Schedule D - Outstanding Requirements: List of permits, clearances, and certificates required for closing

5. Appendix 1 - Property Title: Copy of the current property title

6. Appendix 2 - Tax Declarations: Copies of current real property tax declarations

7. Appendix 3 - Property Photos: Recent photographs of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ 抖阴短视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























Clauses




















Relevant Industries

Real Estate

Construction

Legal Services

Banking

Property Development

Property Management

Insurance

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Sales

Documentation

Risk Management

Relevant Roles

Real Estate Agent

Property Lawyer

Conveyancing Lawyer

Property Manager

Real Estate Broker

Legal Counsel

Notary Public

Title Officer

Property Developer

Real Estate Consultant

Mortgage Officer

Property Assessor

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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