Document background
A Deed of Sale Truck is an essential legal document used in the Philippines when transferring ownership of a commercial or private truck from one party to another. This document is required by the Land Transportation Office (LTO) and follows the requirements set forth in the Civil Code of the Philippines and the Land Transportation and Traffic Code. It should be used whenever a truck is being sold, whether between private individuals, companies, or a combination thereof. The deed must include comprehensive details about the vehicle, including its make, model, serial numbers, and registration information, as well as clear terms of sale and warranties. It serves multiple purposes: documenting the sale transaction, protecting both parties' interests, facilitating vehicle registration transfer, and ensuring compliance with Philippine laws regarding vehicle ownership transfer. The document must be notarized to be legally binding and acceptable to government authorities.
