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Agreement To Sell Contract
"I need an Agreement to Sell Contract for a commercial property in Makati City, Philippines, with a total purchase price of 25 million pesos to be paid in installments over 24 months, with the first payment due March 1, 2025."
1. Parties: Identifies and provides complete details of the Seller and Buyer, including their legal names, addresses, and tax identification numbers
2. Background: Explains the context of the agreement, including the Seller's ownership of the property and the Buyer's intention to purchase
3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation
4. Property Description: Detailed description of the property being sold, including its location, boundaries, and title details
5. Purchase Price: States the total purchase price and terms of payment, including any deposits or installment arrangements
6. Payment Terms: Specifies the payment schedule, method of payment, and consequences of default
7. Conditions Precedent: Lists conditions that must be met before the sale can be completed
8. Seller's Representations and Warranties: Seller's declarations regarding property ownership, absence of liens, and other material facts
9. Buyer's Representations and Warranties: Buyer's declarations regarding financial capacity and understanding of the purchase terms
10. Closing and Transfer of Title: Details the process and requirements for completing the sale and transferring property ownership
11. Taxes and Expenses: Allocates responsibility for various taxes and transaction costs
12. Default and Remedies: Specifies what constitutes default and the available remedies for both parties
13. Governing Law: Confirms that Philippine law governs the agreement
14. Miscellaneous Provisions: Standard contract provisions including notices, amendments, and severability
1. Broker's Commission: Include when a real estate broker is involved in the transaction
2. Mortgage Contingency: Include when the purchase is contingent on the buyer obtaining financing
3. Property Inspection: Include when the buyer requires a property inspection period
4. Occupancy and Possession: Include when there are specific arrangements regarding when and how the buyer will take possession
5. Improvements and Repairs: Include when specific improvements or repairs must be completed before closing
6. Homeowners Association: Include when the property is part of a homeowners association or condominium
7. Environmental Matters: Include when environmental assessments or concerns need to be addressed
8. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
1. Schedule A - Property Details: Detailed technical description of the property, including lot area, boundaries, and technical specifications
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
3. Schedule C - Property Documents: List of all property-related documents provided by the seller
4. Schedule D - Permitted Encumbrances: List of any allowed liens, encumbrances, or restrictions on the property
5. Schedule E - Due Diligence Checklist: List of required documents and verifications for due diligence
6. Appendix 1 - Property Photos and Plans: Visual documentation of the property
7. Appendix 2 - Tax Clearance Certificates: Copies of relevant tax clearances and certificates
8. Appendix 3 - Power of Attorney: If applicable, power of attorney documents for either party
Authors
Property
Purchase Price
Closing Date
Deed of Absolute Sale
Down Payment
Earnest Money
Effective Date
Encumbrances
Force Majeure
Improvements
Installment Payments
Material Adverse Change
Notice
Parties
Payment Schedule
Permitted Encumbrances
Property Documents
Registry of Deeds
Seller's Warranties
Buyer's Warranties
Title
Transfer Date
Transfer Taxes
Certificate of Title
Tax Declaration
Due Diligence Period
Closing Conditions
Default
Remedies
Business Day
Governing Law
Liens
Real Estate Taxes
Possession
Transfer Certificate of Title
Zoning Laws
Building Code
Environmental Laws
Utilities
Recitals
Definitions
Sale and Purchase
Property Description
Purchase Price
Payment Terms
Conditions Precedent
Due Diligence
Seller's Representations and Warranties
Buyer's Representations and Warranties
Title Transfer
Closing Conditions
Property Handover
Tax Obligations
Default
Termination
Remedies
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Costs and Expenses
Further Assurance
Counterparts
Registration
Survival
Time of Essence
Indemnification
Broker Commission
Property Inspection
Environmental Compliance
Insurance
Confidentiality
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Insurance
Agriculture (for land sales)
Commercial Property
Residential Property
Industrial Property
Legal
Real Estate
Sales
Business Development
Finance
Compliance
Property Management
Contract Administration
Risk Management
Operations
Real Estate Agent
Property Manager
Legal Counsel
Corporate Lawyer
Real Estate Developer
Property Developer
Sales Manager
Contract Administrator
Business Development Manager
Finance Manager
Compliance Officer
Real Estate Broker
Property Assessor
Title Officer
Transaction Coordinator
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