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Home Sale Contract By Owner
"I need a Home Sale Contract By Owner for my Manila residential property with a purchase price of 5 million pesos, to be paid in full at closing scheduled for March 15, 2025, with standard warranties and transfer provisions under Philippine law."
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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 for clarity and legal certainty
4. Property Description: Detailed description of the real property being sold, including lot number, technical description, certificate of title number, and exact location
5. Purchase Price: States the total purchase price and terms of payment, including any deposits or installment arrangements
6. Payment Terms: Specifies the method, schedule, and conditions of payment, including any escrow arrangements
7. Warranties and Representations: Seller's warranties regarding property ownership, absence of liens, and other material facts about the property
8. Conditions Precedent: Lists conditions that must be met before the sale can be completed
9. Closing and Transfer of Title: Details the process and requirements for completing the sale and transferring property ownership
10. Taxes and Expenses: Specifies responsibility for various taxes and fees associated with the sale
11. Default and Remedies: Outlines what constitutes default by either party and the corresponding remedies
12. Governing Law: Confirms that the agreement is governed by Philippine law and specifies jurisdiction for disputes
13. Notices: Specifies how and where official communications between parties should be sent
14. Execution: Formal closing section with signature blocks and notarization requirements
1. Broker Disclaimer: Statement confirming that no real estate brokers are involved in the transaction, used when ensuring clear documentation of a direct sale
2. Property Inspection Results: Details of any property inspections conducted, used when inspections have been completed prior to sale
3. Existing Tenancies: Details of any existing lease agreements, used when the property is currently tenanted
4. Included/Excluded Items: Lists of specific items included or excluded from the sale, used when there are fixtures or furnishings involved
5. Mortgage Arrangements: Details of any mortgage or financing arrangements, used when the purchase involves bank financing
6. Construction Warranties: Transfer of any existing construction warranties, used for relatively new properties
7. Environmental Matters: Environmental assessments or issues, used when relevant to the property type or location
8. Homeowners Association: Details of any homeowners association membership and fees, used for properties within subdivisions or condominiums
1. Schedule A - Property Documents: Complete list of property documents including title, tax declarations, and surveys
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and dates if not a single payment
3. Schedule C - Property Inventory: Detailed inventory of any items included in the sale
4. Schedule D - Outstanding Taxes: List of any outstanding property taxes or assessments
5. Schedule E - Permits and Certificates: Copies of relevant permits, certificates, and clearances
6. Appendix 1 - Property Photos: Recent photographs of the property and its major features
7. Appendix 2 - Property Plans: Floor plans, lot plans, and technical descriptions
8. Appendix 3 - Tax Certificates: Current tax clearances and certificates
Authors
Property
Purchase Price
Closing Date
Closing
Deed of Absolute Sale
Earnest Money
Certificate of Title
Transfer Certificate of Title
Tax Declaration
Real Estate Tax
Capital Gains Tax
Documentary Stamp Tax
Transfer Tax
Encumbrances
Force Majeure
Improvements
Material Defects
Notice
Parties
Seller
Buyer
Title Insurance
Transfer Documents
Due Diligence Period
Effective Date
Business Day
Local Government Unit
Register of Deeds
Bureau of Internal Revenue
Zonal Value
Property Documents
Permitted Encumbrances
Title Defects
Warranties
Default
Remedies
Possession Date
Settlement Statement
Clearances
Purchase Price
Payment Terms
Title Transfer
Warranties and Representations
Property Inspection
Due Diligence
Closing Conditions
Default and Remedies
Risk and Insurance
Property Taxes
Transfer Taxes
Registration and Recording
Possession and Delivery
Representations of Authority
Force Majeure
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Assignment
Survival
Amendment
Indemnification
Property Condition
Environmental Matters
Utilities and Services
Local Government Compliance
Tax Compliance
Real Estate
Legal Services
Financial Services
Construction
Property Development
Banking
Insurance
Public Sector
Notarial Services
Legal
Real Estate
Property Management
Compliance
Documentation
Finance
Tax
Risk Management
Administrative Services
Property Owner
Home Buyer
Real Estate Lawyer
Property Manager
Legal Counsel
Notary Public
Title Examiner
Tax Consultant
Bank Officer
Property Assessor
Legal Document Specialist
Compliance Officer
Real Estate Consultant
Property Administrator
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