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Buyer Seller Home Contract
"I need a Buyer Seller Home Contract for a residential property purchase in Manila, Philippines, with a completion date of March 15, 2025, including specific provisions for installment payments over 12 months and the property being sold fully furnished."
1. Parties: Identification and details of the Seller and Buyer, including complete legal names, civil status, and addresses
2. Background: Context of the sale, brief property history, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the contract
4. Property Description: Detailed description of the property including lot number, street address, boundaries, and technical description as per title
5. Purchase Price: Total purchase price, payment terms, and schedule of payments
6. Mode of Payment: Specified payment methods, installment terms if applicable, and banking details
7. Representations and Warranties: Seller's warranties regarding property ownership, absence of liens, and Buyer's warranties regarding financial capacity
8. Conditions Precedent: Requirements to be met before closing, including documentation and payments
9. Closing and Transfer of Title: Process and timeline for executing deed of sale and transferring title
10. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
11. Default and Remedies: Consequences of default by either party and available remedies
12. Governing Law: Specification of Philippine law as governing law and jurisdiction
13. Notices: Process for sending formal notices between parties
14. Execution: Signature blocks and notarization requirements
1. Broker Provisions: Include when a real estate broker is involved in the transaction
2. Mortgage Contingency: Include when purchase is contingent on Buyer obtaining mortgage financing
3. Property Inspection: Include when a property inspection period is requested by the Buyer
4. Occupancy Provisions: Include when the property is currently occupied by tenants or the Seller needs post-closing occupancy
5. Construction Completion: Include for properties under construction or requiring specific improvements before closing
6. Homeowners Association: Include when property is part of a subdivision or condominium with an association
7. Foreign Ownership Compliance: Include when Buyer is a foreign national, addressing ownership restrictions
1. Schedule A - Property Details: Technical description of the property, including lot plan, boundaries, and improvements
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 including title, tax declarations, and permits
4. Schedule D - Deed of Absolute Sale: Draft of the deed of absolute sale to be executed upon completion of payments
5. Schedule E - Property Inspection Report: Results of property inspection and list of agreed repairs or improvements
6. Appendix 1 - Property Photos: Current photographs of the property and its improvements
7. Appendix 2 - Tax Certificates: Copies of relevant tax clearances and certificates
Authors
Property
Purchase Price
Closing Date
Closing
Deed of Absolute Sale
Certificate of Title
Transfer Certificate of Title
Tax Declaration
Real Estate Tax
Documentary Stamp Tax
Capital Gains Tax
Earnest Money
Down Payment
Balance
Business Day
Force Majeure
Liens
Encumbrances
Title Defects
Improvements
Property Documents
Transfer Taxes
Registration Fees
Notarial Fees
Real Estate Broker
Certificate of Registration
Tax Clearance
Notice
Default
Completion
Occupancy
Transfer Date
Material Adverse Change
Warranties
Representations
Permitted Use
Common Areas
Association Dues
Zoning Requirements
Building Code
Local Government Unit
Contract to Sell
Beneficial Owner
Registered Owner
Property Insurance
Due Diligence Period
Inspection Period
Purchase Price
Payment Terms
Title Transfer
Representations and Warranties
Due Diligence
Property Inspection
Conditions Precedent
Closing Conditions
Default and Remedies
Risk and Insurance
Tax Obligations
Registration and Documentation
Force Majeure
Dispute Resolution
Governing Law
Assignment
Notices
Severability
Entire Agreement
Amendment
Survival
Indemnification
Property Delivery
Broker Provisions
Homeowners Association
Property Maintenance
Environmental Compliance
Utilities Transfer
Good Faith Deposit
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Insurance
Property Management
Real Estate Investment
Mortgage Lending
Property Assessment and Valuation
Legal
Real Estate
Property Management
Compliance
Sales
Documentation
Risk Management
Corporate Services
Investment
Operations
Real Estate Attorney
Property Lawyer
Real Estate Broker
Property Developer
Real Estate Agent
Mortgage Officer
Property Manager
Legal Counsel
Compliance Officer
Real Estate Investment Manager
Property Assessor
Title Officer
Contract Administrator
Real Estate Transaction Coordinator
Property Documentation Specialist
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