Document background
The Deed of Sale of House and Lot is a fundamental legal instrument in Philippine real estate transactions, used whenever ownership of residential property is transferred between parties. This document, essential under Philippine property law, serves as the primary evidence of the transfer of ownership and the terms agreed upon between the seller and buyer. It must contain specific elements required by Philippine civil law, including detailed property descriptions, price, payment terms, and warranties. The deed must be notarized and registered with appropriate authorities to be fully effective. This document type is particularly important as it protects both parties' interests and ensures compliance with local property registration requirements, tax obligations, and other regulatory requirements specific to Philippine real estate transactions.
