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Deed Of Sale To Land Title

Deed Of Sale To Land Title Template for Philippines

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Key Requirements PROMPT example:

Deed Of Sale To Land Title

"I need a Deed of Sale to Land Title for transferring ownership of a 500-square-meter residential property in Manila from an individual seller to a corporate buyer, with the completion date set for March 15, 2025, including provisions for installment payments."

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Document background
The Deed of Sale to Land Title is a crucial legal instrument in Philippine property law that formalizes the transfer of land ownership between parties. This document is essential when selling or purchasing real property in the Philippines, whether for residential, commercial, or industrial purposes. It must contain specific elements required by Philippine law, including detailed property descriptions, price considerations, and warranties of ownership. The deed serves as the basis for registering the transfer with the Register of Deeds and updating the land title to reflect the new ownership. It's particularly important to ensure compliance with local regulations, tax requirements, and registration procedures to effect a valid transfer of property rights.
Suggested Sections

1. Parties: Identifies and provides complete details of the Vendor/Seller and Purchaser/Buyer, including their legal capacity to enter into the contract

2. Background: Establishes the context of the sale, including the Vendor's ownership and right to sell the property

3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty

4. Property Description: Detailed description of the land including lot number, survey number, boundaries, area, and technical description as appearing in the title

5. Title Details: Information about the existing land title, including title number, registration details, and encumbrances if any

6. Consideration: States the purchase price, payment terms, and acknowledgment of receipt

7. Vendor's Warranties: Warranties regarding ownership, absence of encumbrances, and right to sell

8. Transfer of Title: Provisions regarding the actual transfer of ownership and registration requirements

9. Taxes and Expenses: Allocation of responsibility for transfer taxes, registration fees, and other expenses

10. Possession: Terms regarding the transfer of possession of the property

11. Execution: Formal execution clause and notarization requirements

Optional Sections

1. Broker's Commission: Include when a broker was involved in the transaction, specifying commission details and payment terms

2. Conditions Precedent: Include when there are specific conditions that must be met before the sale becomes effective

3. Environmental Warranties: Include for properties with potential environmental concerns or when required by local regulations

4. Existing Tenancies: Include when the property is subject to existing lease agreements

5. Special Power of Attorney: Include when either party is acting through an attorney-in-fact

6. Zoning Compliance: Include when there are specific zoning requirements or restrictions affecting the property

7. Mortgage Details: Include when the property is being sold subject to an existing mortgage or will be mortgaged as part of the purchase

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including boundaries, coordinates, and survey details

2. Title Documents: Copies of the original title and other relevant title documents

3. Payment Schedule: If payment is in installments, detailed schedule of payment terms and dates

4. Tax Clearance Certificates: Copies of real property tax clearances and other tax-related documents

5. Property Photos and Plans: Recent photographs of the property and approved survey plans

6. Special Powers of Attorney: If applicable, documents authorizing representatives to act on behalf of parties

7. Due Diligence Documents: Relevant permits, certificates, and clearances proving legal status of the property

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Property
Title
Transfer Certificate of Title
Purchase Price
Completion Date
Closing Date
Deed
Vendor
Purchaser
Effective Date
Encumbrances
Improvements
Land
Technical Description
Certificate of Title
Register of Deeds
Real Estate Taxes
Documentary Stamps
Transfer Taxes
Business Day
Completion
Due Diligence Period
Existing Encumbrances
Government Authority
Notarial Acknowledgment
Party/Parties
Property Documents
Registration Fees
Title Insurance
Warranties
Zoning Requirements
Possession
Closing Costs
Force Majeure
Relevant Industries

Real Estate

Property Development

Construction

Agriculture

Banking and Finance

Industrial

Commercial Development

Residential Development

Tourism and Hospitality

Infrastructure

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretarial

Business Development

Asset Management

Documents and Records

Finance

Operations

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Corporate Counsel

Land Registration Officer

Title Examiner

Real Estate Developer

Property Investment Manager

Compliance Officer

Legal Secretary

Notary Public

Land Surveyor

Real Estate Transaction Coordinator

Business Development Manager

Asset Manager

Industries
Civil Code of the Philippines (Republic Act No. 386): Provides the basic legal framework for contracts, sales, and property ownership, including requirements for valid contracts and transfer of real property
Property Registration Decree (Presidential Decree No. 1529): Governs the registration of real property and land titles, including procedures for transfer of registered lands and issuance of new titles
National Internal Revenue Code: Contains provisions on capital gains tax, documentary stamp tax, and other tax obligations related to property transfers
Local Government Code (Republic Act No. 7160): Provides for real property tax and transfer tax requirements at the local government level
Commonwealth Act No. 141 (Public Land Act): Regulates the classification, disposition, and registration of public lands, which may be relevant if the land was originally public land
Republic Act No. 6657 (Comprehensive Agrarian Reform Law): Must be considered if the land is agricultural, as it may be subject to agrarian reform restrictions
Republic Act No. 7042 (Foreign Investments Act): Contains restrictions on foreign ownership of land in the Philippines
Presidential Decree No. 1096 (National Building Code): May be relevant if the land includes buildings or structures, affecting property description and compliance requirements
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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