Land Agreement Between Buyer And Seller

Land Agreement Between Buyer And Seller Template for Philippines

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Land Agreement Between Buyer And Seller

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need a Land Agreement Between Buyer And Seller for a residential property sale in Manila, with an agreed purchase price of 5 million pesos and closing date of March 15, 2025, including provisions for a 20% down payment and quarterly installments over two years."

Document background

The Land Agreement Between Buyer And Seller is a crucial legal document used in Philippine real estate transactions to formalize the transfer of land ownership. This document is essential when any party wishes to sell or purchase land in the Philippines, whether for residential, commercial, or agricultural purposes. It must comply with various Philippine laws, including the Civil Code, Property Registration Decree, and local government regulations. The agreement typically includes detailed property descriptions, price and payment terms, warranties, and specific provisions required by Philippine law regarding property transfer. It serves as the foundation for the subsequent Deed of Absolute Sale and is often required by banks, government agencies, and the Registry of Deeds. Special considerations are included for foreign ownership restrictions, agrarian reform requirements if applicable, and local government clearances.

Suggested Sections

1. Parties: Identification of the Seller and Buyer with complete legal names, civil status, citizenship, and addresses as required under Philippine law

2. Background: Context of the transaction, including brief property history and intention to sell/purchase

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the land including lot number, survey number, location, boundaries, and title details as registered with the Registry of Deeds

5. Purchase Price: Agreed purchase price and detailed payment terms including method and schedule of payments

6. Terms of Payment: Specifics of how and when payments will be made, including any installment arrangements

7. Conditions Precedent: Conditions that must be met before the sale becomes final, including title verification and payment of taxes

8. Seller's Representations and Warranties: Seller's guarantees regarding property ownership, absence of liens, and authority to sell

9. Buyer's Representations and Warranties: Buyer's guarantees regarding legal capacity and financial ability to purchase

10. Closing and Transfer of Title: Process and timeline for executing deed of sale and transferring title

11. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs

12. Default and Remedies: Consequences of breach by either party and available remedies

13. Governing Law: Specification that Philippine law governs the agreement

14. Execution: Formal signing section with requirements for witnesses and notarization

Optional Sections

1. Broker Involvement: Details of any real estate broker involvement and commission arrangements, required if a licensed broker is involved

2. Mortgage Provisions: Terms related to existing or new mortgages, needed if property is mortgaged or buyer is obtaining mortgage financing

3. Foreign Ownership Compliance: Special provisions ensuring compliance with restrictions on foreign ownership of Philippine land, required for foreign buyers

4. Agricultural Land Provisions: Special provisions related to CARP compliance, required if the land is agricultural

5. Tenant Rights: Provisions addressing existing tenants' rights, required if the property is currently leased or occupied

6. Environmental Compliance: Environmental warranties and compliance requirements, needed for properties in environmentally sensitive areas

7. Subdivision Provisions: Special provisions if the land is part of a subdivision development

8. Construction Provisions: Terms related to existing or planned construction on the property, if applicable

Suggested Schedules

1. Property Documents: Certified true copies of title, tax declarations, and technical description

2. Payment Schedule: Detailed breakdown of payment terms if involving multiple payments

3. Property Survey: Recent survey plan and technical description of the property

4. Tax Certificates: Current real property tax clearances and tax declarations

5. Photos and Maps: Recent photographs of the property and vicinity maps

6. Permits and Clearances: Copies of relevant permits, certificates, and local government clearances

7. Power of Attorney: If applicable, authorization documents for representatives

8. Property Inspection Report: Results of any property inspections or assessments

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Development

Agriculture

Construction

Banking and Finance

Legal Services

Urban Development

Tourism and Hospitality

Industrial Development

Commercial Property

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Operations

Asset Management

Acquisitions

Document Processing

Due Diligence

Risk Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Land Developer

Corporate Counsel

Compliance Officer

Real Estate Investment Manager

Property Acquisition Manager

Legal Document Specialist

Title Examiner

Real Estate Operations Manager

Land Registration Officer

Property Rights Specialist

Real Estate Transaction Coordinator

Find the exact document you need

Agreement Of Purchase And Sale (Real Estate)

A Philippine law-compliant agreement documenting the terms and conditions for the sale and purchase of real property, including all necessary provisions for legal transfer of ownership.

������Ƶ

How a Sales & Marketing Lead uses ������Ƶ to reduce contract drafting time by 95%

Let's create your Land Agreement Between Buyer And Seller

Authors

Alex Denne

Find the exact document you need

Agreement Of Purchase And Sale (Real Estate)

Contract To Sell Agreement

Sellers Agreement Form

Cross Purchase Buy Sell Agreement

Simple Property Sale Agreement

Restaurant Purchase Contract

Purchase And Sale Agreement For Wholesalers

Land Agreement Between Buyer And Seller

Simple Buyer Seller Agreement

Agreement To Sell A Car Privately

Commercial Buy Sell Agreement

Owner To Owner Home Sale Contract

House Sale Contract Form

Promissory Note Purchase And Sale Agreement

Agreement For Sale Of Leasehold Property

Unit Sale Agreement

Buyer And Seller Agreement Contract

Residential Purchase Contract

Agreement To Sell Contract

Agreement For Sale Of Machinery

Buy Sale Agreement Form

Buy Sell Life Insurance Agreement

Oil And Gas Purchase And Sale Agreement

Vessel Purchase Agreement

Commercial Real Estate Sales Contract

Letter Of Intent To Buy Land

Asset Purchase Agreement Term Sheet

Real Estate Purchase Agreement Addendum

Download our whitepaper on the future of AI in Legal

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Use Cases

��Ƶ

How a Sales & Marketing Lead uses ��Ƶ to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise