Final Deed Of Sale Template for Philippines

The Final Deed of Sale is a fundamental legal document in Philippine property law that represents the culmination of a real estate transaction. This document is typically used after all conditions of sale have been met, including full payment of the purchase price, and serves as the definitive instrument transferring property ownership. The Final Deed of Sale must conform to specific requirements under Philippine law, including proper execution before a notary public and registration with appropriate government agencies. It contains crucial information such as the complete details of the parties, comprehensive property description, purchase price, and various warranties and representations. This document is essential for recording the transfer in the Registry of Deeds and is required for updating tax declarations and other property records. The deed's format and content are governed by the Civil Code of the Philippines, property registration laws, and local government regulations.

1. Parties: Identification of the Vendor/Seller and Vendee/Buyer with complete names, civil status, citizenship, and addresses as required by Philippine law

2. Background: Brief history of the property ownership, reference to previous titles, and any relevant preliminary agreements like Contract to Sell

3. Definitions: Key terms used throughout the deed, including property description terms, payment terms, and other relevant definitions

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

5. Consideration: Purchase price, payment terms, acknowledgment of receipt, and method of payment

6. Absolute Sale: Express declaration of absolute and unconditional sale of the property

7. Warranties of the Vendor: Seller's warranties regarding ownership, absence of liens/encumbrances, right to sell, and payment of taxes

8. Transfer of Rights and Interest: Explicit transfer of all rights, interests, and participation in the property

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

10. Possession: Terms of delivery and transfer of physical possession of the property

11. Venue: Jurisdiction and venue for any legal actions arising from the deed

12. Execution: Formal closing section with date and place of execution, signatures, and notarization requirements