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The Simple Real Estate Sales Contract is a fundamental legal document used in the Philippines for straightforward property transactions. This contract type is specifically designed for situations where parties wish to document the basic terms of a real estate sale without complicated conditions or unusual arrangements. It must comply with the Civil Code of the Philippines and various property-related legislation, including the Property Registration Decree and relevant tax laws. The document is commonly used for residential and simple commercial property transfers, incorporating all essential elements required by Philippine law such as party details, property description, price, payment terms, and transfer conditions. While simpler than complex commercial real estate agreements, it still provides adequate protection for both parties and ensures the transaction meets all legal requirements for property transfer in the Philippines.

1. Parties: Identification of the Seller and Buyer with complete names, civil status, addresses, and tax identification numbers

2. Background: Brief context of the transaction and confirmation of Seller's ownership of the property

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

4. Subject Matter: Detailed description of the real property being sold, including location, boundaries, and title details

5. Purchase Price: Agreed purchase price, payment terms, and method of payment

6. Terms of Payment: Schedule of payments, including down payment and subsequent installments if applicable

7. Representations and Warranties of the Seller: Seller's guarantees regarding property ownership, absence of liens, and authority to sell

8. Representations and Warranties of the Buyer: Buyer's guarantees regarding financial capacity and compliance with laws

9. Closing and Transfer of Title: Process and timeline for executing deed of sale and transferring title

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 of Philippine law as governing law

13. Execution: Signature blocks with proper notarization requirements