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Conditional Sale Agreement Land
"I need a Conditional Sale Agreement Land for a residential property in Manila, Philippines, with a 20% down payment and the balance to be paid in 60 monthly installments starting March 2025."
1. Parties: Identification of the Seller and Buyer with complete legal names and addresses
2. Background: Context of the transaction, including brief property description and intention for conditional sale
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core agreement for the conditional sale of the property, subject to terms and conditions
5. Purchase Price: Total purchase price, payment structure, and terms including installment payments
6. Payment Terms: Detailed payment schedule, interest rates, and consequences of default
7. Conditions Precedent: Conditions that must be met before the sale becomes absolute
8. Transfer of Title: Process and timing for the transfer of title upon completion of conditions and payments
9. Buyer's Rights and Obligations: Including Maceda Law rights and maintenance responsibilities during the payment period
10. Seller's Rights and Obligations: Including warranty of title and obligation to transfer upon completion
11. Default and Remedies: Consequences of default by either party and available remedies
12. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
13. Governing Law: Specification of Philippine law as governing law
14. Dispute Resolution: Process for resolving disputes between parties
15. Notices: Method and addresses for formal communications between parties
1. Development Requirements: Required when the land requires specific development or construction obligations
2. Environmental Compliance: Required when the property is subject to environmental regulations or restrictions
3. Subdivision Requirements: Included when the property is part of a subdivision with specific rules
4. Agricultural Land Reform Provisions: Required when the property is covered by agricultural land reform laws
5. Third Party Rights: Included when there are existing tenants or other third-party interests
6. Insurance Requirements: Optional section for requiring property insurance during the payment period
7. Assignment Rights: Included when parties want to specify rights to assign the agreement
8. Force Majeure: Optional provisions for handling unforeseen circumstances
9. Homeowners Association: Required when property is subject to homeowners association rules
1. Schedule 1 - Property Description: Detailed technical description of the land, including boundaries, title details, and tax declaration
2. Schedule 2 - Payment Schedule: Detailed breakdown of installment payments, due dates, and amounts
3. Schedule 3 - Property Documents: List of all relevant property documents and certificates
4. Schedule 4 - Permitted Encumbrances: List of any allowed encumbrances or existing liens on the property
5. Appendix A - Form of Notice of Default: Template for formal notice of default
6. Appendix B - Transfer Documents: Templates of documents required for final transfer
7. Appendix C - Property Plans: Survey plans, location maps, and technical drawings of the property
Authors
Property
Purchase Price
Completion Date
Conditions Precedent
Default Event
Down Payment
Due Diligence Period
Effective Date
Encumbrances
Grace Period
Installment Payments
Land Registration Authority
Local Government Unit
Maceda Law Rights
Material Adverse Change
Notarial Date
Outstanding Balance
Parties
Payment Schedule
Permitted Use
Property Documents
Purchase Price Balance
Real Estate Taxes
Register of Deeds
Seller's Title
Tax Declaration
Title Transfer Date
Transfer Certificate of Title
Transfer Taxes
Zoning Requirements
Business Day
Completion
Force Majeure Event
Interest Rate
Notice
Security Interest
Substantial Breach
Transfer Documents
Warranties
Purchase Price
Payment Terms
Title Retention
Property Transfer
Conditions Precedent
Representations and Warranties
Rights and Obligations
Default and Remedies
Force Majeure
Assignment
Property Inspection
Insurance
Taxes and Expenses
Registration Requirements
Environmental Compliance
Dispute Resolution
Governing Law
Notices
Severability
Entire Agreement
Amendment
Confidentiality
Further Assurance
Survival
Time of Essence
Indemnification
Property Use and Possession
Risk and Insurance
Term and Termination
Real Estate
Property Development
Agriculture
Banking and Finance
Construction
Urban Development
Commercial Property
Residential Property
Land Development
Tourism and Hospitality
Legal
Real Estate
Property Management
Compliance
Finance
Risk Management
Documentation
Land Acquisition
Business Development
Corporate Services
Real Estate Lawyer
Property Manager
Real Estate Broker
Land Developer
Legal Counsel
Compliance Officer
Real Estate Agent
Property Developer
Title Examiner
Contract Administrator
Real Estate Portfolio Manager
Land Acquisition Manager
Property Rights Specialist
Real Estate Transaction Manager
Legal Documentation Specialist
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