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Absolute Deed Of Sale
"I need an Absolute Deed of Sale for my residential property in Manila, Philippines, with the sale closing on March 15, 2025, including standard warranties and tax provisions for a cash purchase."
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You keep IP ownership聽of your information
1. Parties: Identifies and provides complete details of the Vendor/Seller and Vendee/Buyer, including their legal capacity to enter into the contract
2. Background: States the Vendor's ownership of the property and intention to sell, and the Vendee's intention to purchase
3. Definitions: Defines key terms used throughout the deed
4. Property Description: Detailed description of the property being sold, including location, boundaries, and technical description from the title
5. Consideration: States the purchase price and terms of payment
6. Warranties of Title and Ownership: Seller's warranties regarding clear title, ownership, and absence of liens or encumbrances
7. Transfer of Title and Ownership: Explicit statement of transfer of all rights, title, and interests from seller to buyer
8. Taxes and Expenses: Allocation of responsibility for transfer taxes, registration fees, and other expenses
9. Possession: Terms for the transfer of physical possession of the property
10. Venue: Specifies the place of execution and jurisdiction for the deed
11. Execution: Formal closing section with spaces for signatures, witnesses, and notary acknowledgment
1. Encumbrances: Required when the property has existing liens or encumbrances that need to be disclosed or addressed
2. Power of Attorney: Needed when either party is acting through an attorney-in-fact
3. Marital Consent: Required when the seller is married and the property is conjugal
4. Reservations: Used when seller retains certain rights or easements over the property
5. Payment Terms: Included when payment is not made in full at closing and installment terms need to be specified
6. Prior Agreements: Required when there are previous agreements that need to be superseded or incorporated
1. Technical Description: Detailed technical description of the property from the title or survey
2. Tax Declarations: Copies of current tax declarations and tax clearances
3. Title Documentation: Copy of the Transfer Certificate of Title or other title document
4. Payment Schedule: If applicable, detailed schedule of installment payments
5. Property Inspection Report: If applicable, report detailing the current condition of the property
6. Special Power of Attorney: If applicable, documentation authorizing representatives to act on behalf of parties
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