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Disclosure Agreement (Real Estate)
"I need a Real Estate Disclosure Agreement for a residential property in Manila, Philippines that I'm planning to sell in March 2025, with specific focus on including recent renovation works and potential flooding issues in the neighborhood."
1. Parties: Identification of the seller/disclosing party and the buyer/receiving party, including complete legal names and addresses
2. Background: Context of the disclosure agreement, including the intention to sell/purchase the property and the purpose of the disclosure
3. Definitions: Key terms used throughout the agreement, including technical terms and legal concepts
4. Property Information: Basic details of the property including address, lot number, title details, and property classification
5. Property Condition Disclosure: Detailed disclosure about the physical condition of the property, including known defects and repairs
6. Legal Status and Encumbrances: Disclosure of legal issues, liens, encumbrances, and any pending litigation affecting the property
7. Environmental Conditions: Disclosure of known environmental issues, hazards, or compliance requirements
8. Utilities and Services: Information about available utilities, service connections, and any pending issues
9. Regulatory Compliance: Status of compliance with building codes, zoning laws, and other regulatory requirements
10. Financial Disclosure: Information about property taxes, assessments, and other financial obligations
11. Representations and Warranties: Seller's assertions about the truthfulness and completeness of the disclosures
12. Acknowledgment: Buyer's acknowledgment of receipt and understanding of the disclosures
13. Governing Law: Specification that Philippine law governs the agreement and relevant jurisdiction
1. Historical Significance: Required when the property has historical value or is subject to heritage preservation rules
2. Natural Hazard Disclosure: Required for properties in areas prone to natural disasters or requiring specific insurance
3. Tenant Rights: Required when the property is currently leased or subject to tenant rights
4. Homeowners Association: Required for properties within subdivisions or condominiums with associations
5. Development Plans: Required when there are pending or approved development plans affecting the property or surrounding area
6. Indigenous Peoples Rights: Required when the property is affected by or near ancestral domains
7. Agricultural Classification: Required for properties with agricultural classification or subject to agrarian reform
8. Coastal Property Provisions: Required for beachfront or coastal properties subject to special regulations
1. Schedule A - Property Details: Detailed technical description of the property, including lot plans and technical specifications
2. Schedule B - Property Title Documents: Copies of title documents and certification of title status
3. Schedule C - Inspection Reports: Recent property inspection reports and assessments
4. Schedule D - Permits and Certificates: Copies of relevant permits, certificates, and regulatory approvals
5. Schedule E - Property Photographs: Recent photographs documenting the current condition of the property
6. Schedule F - Historical Repairs and Modifications: Record of significant repairs, renovations, and modifications
7. Schedule G - Environmental Reports: Environmental assessment reports and certificates where applicable
8. Schedule H - Tax Declarations: Current and historical tax declarations and assessments
Authors
Property
Disclosing Party
Receiving Party
Material Facts
Transfer Certificate of Title
Tax Declaration
Encumbrances
Zoning Classification
Building Code
Environmental Compliance Certificate
Local Government Unit
Barangay
Property Defects
Improvements
Common Areas
Easements
Liens
Assessment
Real Estate Broker
Real Property Tax
Special Assessments
Homeowners Association
Association Dues
Utilities
Building Permits
Occupancy Permit
Structural Modifications
Heritage Classification
Environmental Hazards
Indigenous Peoples Rights
Agrarian Reform Coverage
Flood Zone
Natural Hazard Area
Disclosure Period
Certificate of Title
Property Registration
Condominium Certificate of Title
Development Plans
Zoning Restrictions
Building Restrictions
Regulatory Compliance
Material Defects
Known Defects
Effective Date
Property Documents
Disclosure Statement
Property Description
Legal Description
Disclosure Requirements
Property Condition
Physical Defects
Legal Status
Title and Ownership
Encumbrances and Liens
Environmental Compliance
Regulatory Compliance
Zoning and Land Use
Financial Obligations
Tax Matters
Utilities and Services
Building Code Compliance
Historical Status
Natural Hazards
Environmental Hazards
Indigenous Rights
Tenant Rights
Association Matters
Representations and Warranties
Acknowledgment and Receipt
Legal Compliance
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Counterparts
Notices
Force Majeure
Termination
Survival
Assignment
Waiver
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Insurance
Hospitality
Retail
Manufacturing
Agriculture
Legal
Real Estate
Compliance
Risk Management
Property Management
Facilities
Corporate Services
Operations
Documentation
Due Diligence
Real Estate Broker
Property Manager
Real Estate Attorney
Compliance Officer
Property Developer
Real Estate Agent
Title Officer
Property Assessor
Environmental Compliance Officer
Real Estate Investment Manager
Corporate Counsel
Property Acquisition Manager
Facilities Manager
Real Estate Transaction Coordinator
Risk Management Officer
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