Buy Sell Agreement (Real Estate) 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 Buy Sell Agreement (Real Estate)

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:

Buy Sell Agreement (Real Estate)

"I need a Buy Sell Agreement (Real Estate) for purchasing a commercial property in Makati City, Philippines, from a corporate seller, with completion scheduled for March 2025 and including provisions for tenant transition."

Document background

The Buy Sell Agreement (Real Estate) is a crucial legal instrument used in Philippine property transactions to formalize the transfer of real estate ownership. This document is essential when any party, whether individual or corporate, wishes to purchase or sell real property in the Philippines. It must comply with various Philippine laws, including the Civil Code, Property Registration Decree, and local government regulations. The agreement typically includes comprehensive details about the property, payment terms, conditions precedent, warranties, and specific provisions required by Philippine law. It serves to protect both parties' interests while ensuring the transaction meets all legal requirements for property transfer in the Philippine jurisdiction. The document is particularly important as it forms the basis for the eventual transfer of title and serves as evidence of the parties' rights and obligations throughout the transaction process.

Suggested Sections

1. Parties: Identifies and provides complete details of the Seller and Buyer, including their legal names, addresses, and tax identification numbers

2. Background: Contextual information about the transaction, including brief property description and parties' intention to enter into the agreement

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent ambiguity

4. Property Description: Detailed description of the real estate property including lot number, location, boundaries, and title details

5. Purchase Price: States the agreed purchase price and payment terms, including deposit requirements and payment schedule

6. Mode of Payment: Specifies the accepted methods of payment and banking details where applicable

7. Conditions Precedent: Lists conditions that must be satisfied before the sale becomes binding

8. Representations and Warranties: Statements of fact by both parties regarding their capacity to enter into the agreement and the property's condition

9. Rights and Obligations: Details the specific rights and obligations of both parties before, during, and after the sale

10. Closing and Transfer of Title: Procedures and requirements for completing the sale and transferring property ownership

11. Taxes and Expenses: Allocation of responsibility for various taxes and transaction costs

12. Default and Remedies: Consequences of breach and available remedies for both parties

13. Governing Law: Specifies Philippine law as governing law and relevant jurisdiction

14. Execution: Formal closing section with signature blocks and notarization requirements

Optional Sections

1. Broker Involvement: Include when a real estate broker is involved in the transaction, detailing broker's role and commission

2. Mortgage Provisions: Include when the purchase is subject to mortgage financing, detailing lending conditions

3. Foreign Ownership Compliance: Include when either party is a foreign national, addressing ownership restrictions under Philippine law

4. Property Management During Transition: Include when there's a significant gap between contract signing and completion

5. Tenant Rights: Include when the property is currently leased to tenants

6. Environmental Compliance: Include when property requires environmental clearances or has environmental issues

7. Development Obligations: Include when property is undeveloped or requires specific development commitments

8. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

9. Arbitration: Include when parties prefer alternative dispute resolution mechanisms

Suggested Schedules

1. Schedule A - Property Details: Detailed technical description of the property, including lot plans and technical specifications

2. Schedule B - Title Documents: List of all title documents and certified true copies of property ownership documents

3. Schedule C - Payment Schedule: Detailed breakdown of payment terms, installments, and due dates

4. Schedule D - Permits and Licenses: Copies of relevant permits, licenses, and certificates affecting the property

5. Schedule E - Property Inspection Report: Detailed report on the current condition of the property

6. Schedule F - Outstanding Obligations: List of any existing liens, encumbrances, or obligations affecting the property

7. Schedule G - Tax Certificates: Current tax declarations and tax clearances

8. Appendix 1 - Required Documents Checklist: Checklist of all documents required for closing

9. Appendix 2 - Closing Procedures: Step-by-step guide for closing process and document requirements

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Banking and Finance

Construction

Property Development

Legal Services

Insurance

Hospitality

Retail

Manufacturing

Healthcare

Education

Agriculture

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Finance

Risk Management

Operations

Business Development

Investment

Asset Management

Property Management

Corporate Affairs

Acquisitions

Due Diligence

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Legal Counsel

Corporate Lawyer

Compliance Officer

Real Estate Developer

Investment Manager

Property Consultant

Business Development Manager

Chief Legal Officer

Chief Financial Officer

Real Estate Investment Analyst

Asset Manager

Transaction Manager

Risk Manager

Title Officer

Real Estate Operations Manager

Find the exact document you need

LOI For Commercial Real Estate Purchase

A preliminary document outlining proposed terms for commercial property purchase in the Philippines, serving as a framework for negotiations and future definitive agreements.

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Buy Sell Agreement (Real Estate)

Authors

Alex Denne

Find the exact document you need

LOI For Commercial Real Estate Purchase

Agreement Of Purchase And Sale Of Shares By Shareholder

Agreement Contract To Buy And Sell (Real Estate)

Simple Contract To Purchase (Real Estate)

Simple Purchase Agreement For House

Loi To Purchase (Real Estate)

Real Estate Sale Contract By Owner

Purchase And Sale Agreement Commercial (Real Estate)

House Selling Contract

Contract To Buy And Sell (Real Estate)

Buy Sell Agreement (Real Estate)

Sale Agreement Of Immovable Property

Agreement To Sell And Contract Of Sale

Standard Agreement For The Sale Of (Real Estate)

Mobile Home Selling Contract

LOI Purchase Agreement

LOI For Business Purchase

Simple Car Purchase Agreement

Deed Of Sale Agreement For A Car

Buy Sell Contract

LOI For Purchase Of Goods

Asset Purchase LOI

Agreement Of Property Sale

Agreement Of Sale Of Immovable Property

Sale And Purchase Agreement Of Shares

Letter Of Intent To Sale Property

Home For Sale By Owner Contract

Buy Sell Agreement Between Business Partners

Simple Land Sale Agreement

Sales With Buyback Agreement

Real Estate Purchase Agreement Contract

Purchase Agreement For Sale By Owner

Personal Property Sale Agreement

Lot Sale Contract

Cross Purchase Agreement

Buy Sell Agreement For Small Business

Agreement For Sale And Agreement To Sell

Contract Of Purchase And Sale Private Sale

Agreement Of Purchase And Sale Commercial

Agreement To Buy And Sell Real Estate Residential

Standard Real Estate Purchase And Sale Agreement

Residential Real Estate Sale Agreement

Purchase And Sale Contract For Residential Property

Standard Home Sale Contract

Real Property Sales Agreement

Agreement For The Sale Of A Business

Immovable Property Sale Agreement

Lot Land Purchase And Sale Agreement

Standard Real Estate Purchase Agreement

As Is Property Sale Agreement

Pre Contract Agreement Property Purchase

Advance Agreement For Sale Of Land

Mortgage Loan Purchase And Sale Agreement

Simple Land Contract Purchase Agreement

Formal Agreement For Sale And Purchase

Contract For Deed Land For Sale

Lot Sale Agreement

Contract For Sale Of House And Land

Vacant Land Purchase And Sale Agreement

Stock Purchase And Sale Agreement

Simple Agreement Of Sale

Buy Sell Agreement Between Co Owners Of Real Property

Offer To Purchase And Sale Agreement

Entity Buy Sell Agreement

Promissory Purchase And Sale Agreement

Bill Of Sale Stock Purchase Agreement

Real Estate Buy And Sell Agreement

Commercial Purchase And Sale Agreement

Simple Land Purchase Agreement

Simple Buy Sell Agreement

Bill Of Sale For Asset Purchase Agreement

Real Estate Sales Agreement Contract

Deed Of Agreement For Sale Of Land

Car Sale Installment Agreement

Bill Of Sale And Purchase Agreement