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Conditional Deed Of Sale Of Real Property
"I need a Conditional Deed of Sale of Real Property for a residential property in Manila, with monthly installment payments over 24 months starting January 2025, including early payment options and default provisions."
1. Parties: Identification and details of the Vendor/Seller and Vendee/Buyer, including their legal capacity to enter into the contract
2. Background: Context of the transaction, including brief description of the property and the parties' intention to enter into a conditional sale
3. Definitions: Key terms used throughout the deed, including technical and legal terminology
4. Property Description: Detailed description of the real property, including lot number, location, boundaries, and title details
5. Purchase Price: Total consideration, payment terms, and schedule of payments
6. Conditions of Sale: Specific conditions that must be met before the sale becomes absolute, including payment terms and other prerequisites
7. Representations and Warranties: Seller's declarations regarding property ownership, absence of liens, and other material facts
8. Rights and Obligations: Detailed responsibilities of both parties during the conditional period
9. Default and Remedies: Consequences of breach and available remedies for both parties
10. Transfer of Title: Process and requirements for the eventual transfer of title upon fulfillment of conditions
11. Taxes and Expenses: Allocation of taxes, registration fees, and other transaction costs
12. Governing Law: Specification of Philippine law as governing law and relevant jurisdictional provisions
13. Execution: Formal closing section with signature blocks and notarial acknowledgment
1. Due Diligence: Used when specific property investigations or title searches are required before closing
2. Broker's Commission: Include when a real estate broker is involved in the transaction
3. Insurance: Required when specific insurance arrangements need to be maintained during the conditional period
4. Property Maintenance: Include when specific maintenance obligations during the conditional period need to be defined
5. Assignment: Used when rights to assign the contract need to be addressed
6. Force Majeure: Include when specific provisions for unforeseen circumstances affecting the property or transaction are needed
7. Mortgage Provisions: Required when the property is subject to existing mortgages or new financing arrangements
1. Schedule A - Property Details: Technical description of the property, including lot plan, boundaries, and technical specifications
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
3. Schedule C - Title Documents: List of title documents and certified true copies of property ownership papers
4. Schedule D - Property Inspection Report: Results of property inspection and list of included fixtures and fittings
5. Schedule E - Tax Clearances: Copies of real property tax clearances and tax declarations
6. Appendix 1 - Special Power of Attorney: If applicable, authorization documents for representatives of either party
7. Appendix 2 - Corporate Documents: If applicable, corporate authorizations and board resolutions
Authors
Purchase Price
Conditions Precedent
Absolute Sale
Certificate of Title
Transfer Certificate of Title
Tax Declaration
Deed of Absolute Sale
Contract to Sell
Down Payment
Installment Payments
Real Estate Taxes
Transfer Taxes
Documentary Stamp Tax
Capital Gains Tax
Due Diligence
Effective Date
Completion Date
Closing Date
Registration
Encumbrances
Liens
Title Defects
Force Majeure
Business Day
Notice
Default
Remedies
Property Description
Technical Description
Improvements
Vendor
Vendee
Broker
Local Government Unit
Land Registration Authority
Registry of Deeds
Possession
Beneficial Ownership
Legal Title
Recitals
Definitions
Sale and Purchase
Property Description
Purchase Price
Payment Terms
Conditions Precedent
Title and Ownership
Representations and Warranties
Due Diligence
Property Inspection
Possession
Transfer of Title
Registration
Taxes and Expenses
Insurance
Default
Termination
Remedies
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Further Assurance
Notarial Acknowledgment
Real Estate
Construction
Banking and Finance
Legal Services
Property Development
Urban Planning
Agriculture (for agricultural land)
Commercial Property
Residential Property
Industrial Property
Legal
Real Estate
Compliance
Property Management
Corporate Affairs
Operations
Finance
Risk Management
Business Development
Asset Management
Real Estate Lawyer
Property Manager
Real Estate Broker
Legal Counsel
Corporate Lawyer
Real Estate Developer
Compliance Officer
Title Examiner
Property Administrator
Real Estate Transaction Manager
Land Registration Officer
Notary Public
Real Estate Investment Manager
Property Acquisition Manager
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