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Home Buy Sell Agreement
"I need a Home Buy Sell Agreement for a residential property in Manila, with an installment payment plan over 24 months starting March 2025, including provisions for early payment options and specific conditions about the property's ongoing renovation works."
1. Parties: Identifies and provides complete details of the seller and buyer, including their legal names, civil status, addresses, and tax identification numbers
2. Background: Establishes the context of the sale, confirming the seller's ownership and authority to sell the property
3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation
4. Property Description: Detailed description of the property including lot number, street address, boundaries, and technical description as per title
5. Purchase Price: States the total purchase price and currency
6. Payment Terms: Details the payment structure, including earnest money, down payment, and balance payment schedule
7. Terms of Sale: Core agreement terms including the transfer of title, possession, and any conditions precedent
8. Representations and Warranties: Seller's warranties regarding property ownership, absence of liens, and other material facts
9. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
10. Closing Requirements: Documents and actions required from each party to complete the sale
11. Default and Remedies: Consequences and available remedies in case of default by either party
12. Notices: How and where official communications between parties should be sent
13. Governing Law: Confirms Philippine law governs the agreement and specifies jurisdiction
14. Execution: Signature blocks and notarization requirements
1. Mortgage Contingency: Required when buyer's purchase is contingent on obtaining mortgage financing
2. Property Inspection: Detailed terms regarding property inspection rights and procedures when specifically negotiated
3. Existing Tenancies: Required when the property has current tenants and handling of lease agreements
4. Homeowners Association: Required when property is part of a subdivision or condominium with association requirements
5. Construction Completion: Required for properties under construction or requiring specific improvements before closing
6. Broker Provisions: Required when real estate brokers are involved in the transaction
7. Foreign Ownership Compliance: Required when buyer is a foreign national, addressing ownership restrictions
8. Environmental Matters: Required when property has known environmental issues or requires environmental clearance
1. Schedule A - Property Details: Technical description of the property, including lot plan, boundaries, and title details
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
3. Schedule C - Included Items: List of fixtures, furnishings, or other items included in the sale
4. Schedule D - Excluded Items: List of items specifically excluded from the sale
5. Schedule E - Outstanding Requirements: List of permits, clearances, or documents needed for closing
6. Appendix 1 - Property Title: Copy of the current property title
7. Appendix 2 - Tax Declarations: Copies of current real property tax declarations
8. Appendix 3 - Property Photos: Recent photographs of the property and its major features
Authors
Property
Purchase Price
Closing Date
Closing
Deed of Absolute Sale
Earnest Money
Transfer Certificate of Title
Tax Declaration
Encumbrances
Force Majeure
Due Diligence Period
Certificate of Title
Real Estate Taxes
Common Areas
Improvements
Fixtures
Personal Property
Business Day
Notice
Parties
Seller
Buyer
Transfer Taxes
Documentary Stamps
Capital Gains Tax
Registration Fees
Notarial Fees
Title Insurance
Property Insurance
Homeowners Association
Association Dues
Zoning Laws
Building Code
Local Government Unit
Certificate of Occupancy
Real Estate Broker
Broker's Commission
Default
Remedies
Warranties
Material Defects
Possession Date
Recording
Settlement Statement
Purchase Price
Payment Terms
Title Transfer
Representations and Warranties
Property Inspection
Due Diligence
Conditions Precedent
Closing Conditions
Tax Obligations
Risk and Insurance
Default and Remedies
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Registration
Property Possession
Broker Commission
Warranties of Title
Environmental Compliance
Local Government Compliance
Property Tax
Homeowners Association
Utilities Transfer
Recording and Registration
Amendment
Survival
Further Assurance
Time of Essence
Counterparts
Legal Costs
Real Estate
Residential Property
Commercial Property
Legal Services
Financial Services
Insurance
Property Development
Construction
Property Management
Banking
Public Sector
Professional Services
Legal
Real Estate
Property Management
Sales
Compliance
Contract Administration
Business Development
Risk Management
Customer Relations
Documentation
Real Estate Agent
Property Lawyer
Conveyancing Lawyer
Real Estate Broker
Property Manager
Legal Counsel
Compliance Officer
Real Estate Developer
Title Officer
Property Sales Manager
Real Estate Transaction Coordinator
Mortgage Officer
Property Consultant
Real Estate Paralegal
Contract Administrator
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