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Deed Of Sale For House
"I need a Deed of Sale for House for a cash purchase of a two-story residential property in Manila, Philippines, with the sale to be completed by March 15, 2025, and including special provisions for the existing tenant who will remain in the property for 3 months after the sale."
1. Parties: Identifies and provides complete details of the Vendor/Seller and Purchaser/Buyer, including their legal capacity to enter into the agreement
2. Background: Establishes the context of the sale, including brief property history and current ownership status
3. Definitions: Defines key terms used throughout the deed
4. Property Description: Detailed description of the property including lot number, location, boundaries, and Technical Description as per title
5. Consideration: States the agreed purchase price and payment terms
6. Mode of Payment: Specifies how and when payments will be made
7. Warranties of the Seller: Seller's representations regarding property ownership, absence of liens, and authority to sell
8. Transfer of Title: Process and timing of transferring property title to the buyer
9. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
10. Possession: Terms and timing of transferring physical possession of the property
11. Governing Law: Specifies Philippine law as governing law and relevant jurisdiction
12. Execution: Formal closing section with signature blocks and notarization requirements
1. Existing Tenancies: Required if the property has current tenants, specifying their rights and status post-sale
2. Mortgage Details: Required if the property has an existing mortgage or if the purchase is through bank financing
3. Installment Terms: Required if the purchase is through installment payments, including Maceda Law provisions
4. Property Insurance: Optional section detailing insurance requirements and responsibilities
5. Due Diligence Period: Optional section allowing buyer inspection and verification period
6. Broker's Commission: Required if a broker is involved in the transaction
7. Force Majeure: Optional section covering unforeseeable circumstances that might affect the transaction
1. Schedule A - Property Details: Comprehensive technical description of the property, including lot plan and boundaries
2. Schedule B - Title Documents: List of all title documents and certified true copies
3. Schedule C - Payment Schedule: Detailed payment terms and schedule if involving installments
4. Schedule D - Included Fixtures and Fittings: Inventory of items included in the sale
5. Appendix 1 - Property Photos: Recent photographs of the property's exterior and interior
6. Appendix 2 - Tax Clearances: Copies of real property tax clearances and tax declarations
7. Appendix 3 - Power of Attorney: If applicable, authorization documents for representatives
Authors
Real Estate
Banking and Finance
Legal Services
Property Development
Construction
Insurance
Property Management
Public Sector
Notarial Services
Legal
Real Estate
Property Management
Compliance
Sales
Operations
Finance
Documentation
Risk Management
Customer Relations
Real Estate Lawyer
Property Manager
Real Estate Agent
Bank Manager
Mortgage Officer
Property Developer
Legal Counsel
Compliance Officer
Title Examiner
Real Estate Broker
Property Assessor
Notary Public
Land Registration Officer
Real Estate Administrator
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