Home Purchase Agreement for Philippines

Home Purchase Agreement Template for Philippines

A comprehensive legal document governed by Philippine law that formalizes the transfer of residential property ownership from a seller to a buyer. This agreement outlines the complete terms and conditions of the property sale, including purchase price, payment terms, property details, and obligations of both parties. It incorporates requirements from various Philippine regulations including the Civil Code, Presidential Decree No. 957, and the Maceda Law, ensuring compliance with local real estate transaction requirements, tax regulations, and property registration procedures. The document serves as the primary instrument for protecting both parties' interests and establishing the framework for the property transfer process.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Home Purchase Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Home Purchase Agreement?

The Home Purchase Agreement is a fundamental legal document used in Philippine real estate transactions for the sale and purchase of residential properties. It is essential for documenting the transfer of property ownership and ensuring compliance with Philippine property laws and regulations. This document is required whenever a residential property transaction occurs, whether it involves a newly constructed home, an existing property, or a pre-selling arrangement. The agreement must conform to various Philippine laws including the Civil Code, Presidential Decree No. 957 (Subdivision and Condominium Buyers' Protective Decree), and Republic Act No. 6552 (Maceda Law), among others. It serves to protect both the seller's and buyer's interests by clearly defining the terms of sale, payment conditions, property specifications, and the responsibilities of each party throughout the transaction process.

What sections should be included in a Home Purchase Agreement?

1. Parties: Identification of the Seller and Buyer with complete legal names and addresses

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including lot number, location, boundaries, and title details

5. Purchase Price: Total purchase price and detailed breakdown of all costs

6. Payment Terms: Payment schedule, method of payment, and consequences of default

7. Conditions Precedent: Conditions that must be met before the sale can proceed

8. Representations and Warranties: Seller's declarations regarding property ownership, absence of liens, and other material facts

9. Closing and Transfer of Title: Process and timeline for completing the sale and transferring property ownership

10. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs

11. Default and Remedies: Consequences of breach and available remedies for either party

12. Notices: How formal communications between parties should be made

13. Governing Law: Specification of Philippine law as governing law and jurisdiction

14. Execution: Signature blocks and notarization requirements

What sections are optional to include in a Home Purchase Agreement?

1. Broker Involvement: Details of real estate broker involvement and commissions, used when a licensed broker is part of the transaction

2. Mortgage Contingency: Conditions related to buyer's mortgage financing, used when purchase depends on mortgage approval

3. Property Inspection: Terms for property inspection and resulting obligations, used for existing properties

4. Occupancy Terms: Terms for current occupants' vacancy, used when property is occupied

5. Construction Completion: Terms for completion of construction and warranties, used for pre-selling arrangements

6. Overseas Filipino Worker Provisions: Special provisions for OFW buyers, used when buyer is an overseas worker

7. Condominium Association: Terms related to condominium association membership, used for condominium units

8. Agricultural Land Provisions: Special provisions for agricultural land transfer, used when property is agricultural

9. Joint Ownership: Terms for multiple buyers, used when property will have multiple owners

What schedules should be included in a Home Purchase Agreement?

1. Schedule A - Property Details: Technical description of property, including lot plan, boundaries, and technical specifications

2. Schedule B - Payment Schedule: Detailed breakdown of payment terms including dates and amounts

3. Schedule C - Property Documents: List of all property-related documents including title, tax declarations, and permits

4. Schedule D - Delivery Terms: Specific terms and timeline for property delivery and acceptance

5. Schedule E - Permitted Encumbrances: List of accepted liens or encumbrances, if any

6. Appendix 1 - Property Photos: Current photographs of the property

7. Appendix 2 - Property Plans: Architectural plans and drawings, particularly for pre-selling properties

8. Appendix 3 - Required Permits: Copies of all relevant permits and certificates

9. Appendix 4 - Tax Certificates: Current real property tax certificates and clearances

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

Jurisdiction

Philippines

Publisher

Genie AI

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Legal Services

Banking and Finance

Construction and Development

Property Management

Insurance

Public Notary Services

Real Estate Brokerage

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Sales

Documentation

Risk Management

Finance

Customer Relations

Title and Closing

Relevant Roles

Real Estate Agent

Property Lawyer

Real Estate Broker

Title Officer

Property Manager

Mortgage Officer

Legal Counsel

Real Estate Developer

Property Assessor

Compliance Officer

Real Estate Transaction Coordinator

Housing Loan Officer

Property Documentation Specialist

Real Estate Legal Assistant

Industries
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

Find the exact document you need

Car Sale Deed Agreement

A Philippine law-compliant agreement documenting the legal transfer of vehicle ownership between seller and buyer, including all essential terms and conditions of the sale.

Download

Letter Of Intent Non Binding

A non-binding preliminary document under Philippine law outlining proposed terms and conditions for a potential business transaction, serving as a framework for future negotiations.

Download

Sale Deed For Car

A legal document under Philippine law that formalizes and evidences the transfer of ownership of a motor vehicle between seller and buyer.

Download

Lease For House Rental

A Philippine law-compliant residential lease agreement establishing terms and conditions between landlord and tenant for house rental.

Download

Selling A Business Contract

A legal agreement under Philippine law for the complete transfer of business ownership from seller to buyer, including all essential terms and conditions of the sale.

Download

Car Purchase Contract

A legally binding agreement under Philippine law for the sale and purchase of a motor vehicle, detailing all essential terms and conditions of the transaction.

Download

Sale Deed And Conveyance Deed

A legal document under Philippine law that transfers real property ownership from seller to buyer, including all essential terms and conditions of the sale transaction.

Download

Definitive Purchase Agreement

A binding agreement under Philippine law that finalizes the terms and conditions for the purchase and sale of assets, shares, or property.

Download

Software Sales Contract

A Philippine law-governed agreement for software sales and licensing, defining terms, conditions, and obligations between software vendors and purchasers.

Download

Sellers Contract

A Philippine law-governed Seller's Contract establishing terms and conditions for sale transactions, compliant with local commercial regulations and consumer protection requirements.

Download

Sales Rep Contract

A Philippine law-governed agreement establishing the terms of engagement between a company and its sales representative, including territory rights, commission structures, and performance requirements.

Download

Sale Deed Agreement

A legal document under Philippine law that formalizes and evidences the transfer of property ownership from seller to buyer, including all essential terms and conditions of the sale.

Download

Land Sale Deed

A legal document for transferring land ownership rights between parties in the Philippines, complying with Philippine property law and registration requirements.

Download

House Sale Agreement Form

A legally binding agreement under Philippine law for the sale and transfer of residential property ownership, detailing terms, conditions, and obligations of both seller and buyer.

Download

Deed Of Sale And Deed Of Absolute Sale

A legally binding document under Philippine law that transfers absolute ownership of property from seller to buyer, requiring notarization and registration with land authorities.

Download

Conditional Sale Agreement Land

A Philippine law-governed agreement for the conditional sale of land, where ownership transfer is contingent upon fulfillment of specified conditions, typically full payment in installments.

Download

Business Sales Agreement Form

A Philippine-compliant business sales agreement template for B2B transactions, covering product/service sales terms and conditions under Philippine commercial law.

Download

Contract Sales Of Goods

A Philippine law-governed agreement for the sale and purchase of goods, establishing terms for transfer of ownership and payment.

Download

Conditional Contract To Sell

A Philippine law-governed agreement for conditional property sale where title transfer is subject to specific conditions, typically full payment of the purchase price.

Download

Agreement Of Sale And General Power Of Attorney

A Philippine law-compliant document combining a sale agreement with power of attorney provisions for property/asset transfers with authorized representation.

Download

Real Estate Sales Contract Form

A standardized contract under Philippine law for the sale and transfer of real property, detailing terms, conditions, and obligations of the transaction parties.

Download

Sale With Buyback Agreement

A Philippine law-governed agreement for the sale of assets with a right for the original owner to repurchase under specified terms and conditions.

Download

Agreement Sale Deed

A legal document under Philippine law that formalizes and evidences the transfer of property ownership from seller to buyer, including all essential terms and conditions of the sale.

Download

Deed Of Contract To Sell

A Philippine law-governed preliminary contract where a seller agrees to transfer property ownership to a buyer upon completion of specified payment terms and conditions.

Download

Simple Land Purchase Contract

A standardized contract under Philippine law for the purchase and sale of land, outlining key terms and conditions for property transfer.

Download

Short Land Purchase Agreement

A streamlined agreement for land purchase transactions in the Philippines, ensuring compliance with local property laws while maintaining simplicity and effectiveness.

Download

Export Sales Contract

A Philippine law-governed contract establishing terms for international sale and export of goods, including payment, shipping, and compliance requirements.

Download

Sales Agreement With Payment Plan

A Philippine law-governed agreement for the sale of goods with structured payment terms, incorporating local consumer protection and installment sales regulations.

Download

Sales And Service Contract

A Philippine law-governed agreement combining product sales terms with related service provisions, including maintenance and support obligations.

Download

Buy Sell Agreement Form

A Philippine law-compliant agreement documenting the terms and conditions for the sale and purchase of property, goods, or assets between parties.

Download

Assignment Of Purchase And Sale Agreement

A Philippine law-governed agreement transferring rights and obligations under an existing Purchase and Sale Agreement from a current buyer to a new buyer.

Download

Provisional Agreement For Sale And Purchase

A preliminary binding agreement for real estate transactions in the Philippines, establishing key terms and conditions for property sale and purchase.

Download

Pre Sale Contract

A Philippine law-governed agreement for the purchase of property before construction completion, outlining terms, payments, and delivery conditions.

Download

Motor Vehicle Contract Of Sale

A Philippine law-governed contract for the sale and transfer of ownership of a motor vehicle, ensuring compliance with local transportation and registration requirements.

Download

Initial Contract Of Sale

A legally binding agreement under Philippine law that establishes the preliminary terms for the transfer of ownership of property or goods between seller and buyer.

Download

Bill Of Sale Agreement For Car

A legal document governed by Philippine law that records the sale and transfer of ownership of a motor vehicle between parties.

Download

Asset Purchase Agreement Form

A legal document under Philippine law governing the sale and transfer of assets between parties, including terms, conditions, and regulatory compliance requirements.

Download

Transfer Of Sale Agreement

A Philippine law-governed agreement that documents and formalizes the transfer of ownership of property or assets between parties, ensuring legal compliance and protection of interests.

Download

Guaranteed Sale Agreement

A Philippine law-governed agreement establishing terms for guaranteed asset purchase at predetermined terms, providing seller security and clear party obligations.

Download

As Is Sales Contract

A Philippine law-governed contract for the sale of property or goods in their current condition, with limited warranties and "as is" provisions.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now