14 Day Notice Of Intention To Sell Template for Philippines

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Key Requirements PROMPT example:

14 Day Notice Of Intention To Sell

"I need a 14 Day Notice of Intention to Sell for my residential property in Manila, which is currently occupied by tenants whose lease expires in March 2025; the notice should include the proposed sale price of 5.5 million pesos and acknowledge their right of first refusal."

Document background
The 14 Day Notice Of Intention To Sell is a crucial document in Philippine property transactions, designed to protect the interests of all parties with potential rights or claims to a property. This notice is required when a property owner intends to sell their property and must inform specific parties such as tenants, co-owners, or those with rights of first refusal. The document becomes particularly important in situations involving leased properties, co-owned properties, or properties subject to specific agreements or restrictions. It must comply with Philippine property law requirements and typically includes detailed information about the property, proposed sale terms, and the rights of the notified parties. The 14-day period provides recipients adequate time to exercise any rights they may have regarding the property sale.
Suggested Sections

1. Sender Details: Full name and contact information of the property owner/seller

2. Date: Date when the notice is issued, starting the 14-day notice period

3. Recipient Details: Full name and contact information of the party being notified (e.g., tenant, co-owner, or party with right of first refusal)

4. Property Description: Complete details of the property intended for sale, including address and property identifiers

5. Notice Statement: Clear statement of intention to sell the property within 14 days

6. Proposed Sale Terms: Basic terms of the proposed sale including the intended selling price

7. Legal Basis: Reference to relevant laws or agreements requiring this notice

8. Response Instructions: Information on how and when the recipient should respond if they have rights or interests to protect

Optional Sections

1. Right of First Refusal Details: Include when the recipient has a contractual or legal right of first refusal

2. Current Lease Details: Include when the property is currently leased and there are specific provisions affecting the sale

3. Property Valuation Summary: Include when there's a need to justify the selling price or when required by specific agreements

4. Alternative Contact Information: Include when there are multiple authorized representatives or alternate contact methods

5. Maintenance Status: Include when there are ongoing maintenance issues or improvements that affect the sale

Suggested Schedules

1. Property Title Copy: Copy of the property title or ownership documentation

2. Property Photos: Recent photographs of the property (if relevant)

3. Tax Clearance Certificate: Proof that all property taxes are current

4. Property Survey: Recent property survey or plot plan

5. Existing Agreements: Copies of any relevant existing agreements (lease agreements, etc.) that affect the sale

Authors

Alex Denne

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

Relevant Industries

Real Estate

Property Development

Property Management

Legal Services

Construction

Housing

Commercial Property

Residential Property

Agricultural Property

Investment Property

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Sales

Asset Management

Investment

Administration

Operations

Risk Management

Relevant Roles

Property Owner

Real Estate Agent

Property Manager

Legal Counsel

Property Developer

Investment Manager

Real Estate Broker

Asset Manager

Property Administrator

Compliance Officer

Real Estate Consultant

Housing Director

Property Sales Manager

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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