Document background
The Deed of Sale and Deed of Absolute Sale is a fundamental legal instrument in Philippine property law, essential for documenting and executing the transfer of property ownership. This document is required whenever there is a sale of real property in the Philippines, whether residential, commercial, or industrial. It must comply with the requirements set forth in the Civil Code of the Philippines, the Property Registration Decree, and other relevant laws. The document serves multiple purposes: it evidences the agreement between parties, details the property and consideration, warrants the seller's ownership and right to sell, and facilitates the registration of the transfer with the Land Registration Authority. It's particularly crucial as it provides the basis for updating the property's title and tax declarations in the buyer's name.
