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Purchase Deed

Purchase Deed Template for Philippines

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Key Requirements PROMPT example:

Purchase Deed

"I need a Purchase Deed for buying a residential property in Manila, Philippines, from an individual seller, with the property being free from encumbrances and the full payment of PHP 5,000,000 to be made upon signing in March 2025."

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Document background
A Purchase Deed is a crucial legal document used in the Philippines for transferring ownership of real property from one party to another. It serves as the primary instrument for documenting property sales and must comply with specific requirements under Philippine law, including the Civil Code, Property Registration Decree, and local regulations. The document is essential for both residential and commercial property transactions, requiring notarization and registration with the Register of Deeds. It contains comprehensive details about the property, parties involved, consideration, and necessary warranties. This type of deed is particularly important as it serves as evidence of ownership and is required for the issuance of a new title certificate in the Philippines' Torrens system of land registration.
Suggested Sections

1. Parties: Identification of the Vendor/Seller and Purchaser/Buyer with complete names, civil status, nationality, and addresses as required by Philippine law

2. Background: Brief recital of the Vendor's ownership of the property and intention to sell to the Purchaser

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

4. Property Description: Detailed description of the property including lot number, survey number, location, boundaries, and title certificate number

5. Consideration: Purchase price and payment terms, including acknowledgment of receipt if fully paid

6. Transfer of Title and Ownership: Express words of conveyance and transfer of ownership rights

7. Vendor's Warranties: Warranties regarding ownership, absence of encumbrances, and right to sell

8. Tax Declarations: Statements regarding payment of real property taxes and other applicable taxes

9. Possession: Terms of delivery of possession of the property

10. Registration and Expenses: Responsibilities for registration and payment of transfer expenses

11. Governing Law: Specification that the deed is governed by Philippine law

12. Execution: Formal execution clause and notarization requirements

Optional Sections

1. Encumbrances: Required if there are any existing liens, mortgages, or encumbrances on the property

2. Conditions Precedent: Include if there are conditions that must be met before the transfer becomes effective

3. Broker's Commission: Required if a broker was involved in the transaction

4. Surviving Provisions: Include if certain warranties or obligations are intended to survive completion

5. Foreign Investment Compliance: Required if the purchaser is a foreign national or entity, addressing compliance with foreign ownership restrictions

6. Spouse's Consent: Required if the vendor is married, to comply with Philippine family law requirements

7. Zoning Compliance: Include if the property is subject to specific zoning or land use restrictions

Suggested Schedules

1. Property Title: Copy of the Transfer Certificate of Title or Original Certificate of Title

2. Property Tax Clearance: Current real property tax clearance certificate

3. Tax Declarations: Current tax declaration for the property

4. Technical Description: Detailed technical description of the property boundaries and measurements

5. Property Survey: Recent survey plan of the property

6. Payment Schedule: If payment is in installments, detailed schedule of payments

7. Photos and Plans: Recent photographs of the property and architectural/building plans if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 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

Construction

Property Development

Banking and Finance

Agriculture (for agricultural land)

Commercial Property

Residential Property

Industrial Property

Hospitality

Retail

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretariat

Documentation

Acquisitions

Asset Management

Risk Management

Finance

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Legal Counsel

Compliance Officer

Real Estate Developer

Property Administrator

Title Officer

Corporate Secretary

Land Registration Officer

Real Estate Transaction Manager

Property Acquisition Manager

Legal Document Specialist

Notary Public

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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