Document background
The Deed of Sale of Parcel of Land is a fundamental legal instrument in Philippine property law, used whenever there is a transfer of land ownership between parties. This document is essential for completing land transactions in the Philippines and must comply with requirements set forth in the Civil Code of the Philippines, the Property Registration Decree, and other relevant legislation. The deed includes crucial information such as the parties' details, technical description of the property, purchase price, and various warranties and representations. It must be notarized and registered with the appropriate government authorities to perfect the transfer of ownership. The document is particularly important as it serves as the basis for issuing a new title in the buyer's name and is required for tax declarations and other property-related transactions.
