Document background
The Auto Deed of Sale is a crucial legal document in the Philippine jurisdiction used to formalize and document the transfer of ownership of a motor vehicle. This document is required whenever a vehicle changes ownership, whether between private individuals or corporate entities. The deed must comply with specific requirements set forth by the Land Transportation Office (LTO) and Philippine law, including detailed vehicle information, complete party details, and proper notarization. An Auto Deed of Sale includes essential elements such as the vehicle's technical specifications, purchase price, warranties, and transfer conditions. It serves as the primary document for vehicle registration transfer and is often required by insurance companies, banks, and other relevant institutions. The document must be properly executed to ensure a legally valid transfer and protect both parties' interests under Philippine law.
