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Inter Vivos Deed

Inter Vivos Deed Template for Philippines

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Key Requirements PROMPT example:

Inter Vivos Deed

"I need an Inter Vivos Deed for transferring my residential property in Manila to my daughter, with a provision that I retain the right to live there until January 2025."

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Document background
The Inter Vivos Deed is a crucial legal instrument in Philippine property law, used to facilitate the transfer of real property between living persons. This document type is governed by the Civil Code of the Philippines and various property-related legislation, requiring strict adherence to formal requirements for validity. It is commonly used in both personal and commercial property transfers, requiring careful preparation to ensure all legal requirements are met. The deed must include specific elements such as proper party identification, detailed property descriptions, consideration details, and appropriate warranties. It's essential for various property transactions in the Philippines, from simple residential transfers to complex commercial property deals, and must be properly notarized and registered with the Land Registration Authority to be legally effective.
Suggested Sections

1. Title and Date: Formal title of the deed and date of execution

2. Parties: Full legal names, civil status, citizenship, and addresses of the Grantor and Grantee

3. Background: Context of the transfer and statement of Grantor's ownership and right to transfer

4. Definitions: Definitions of key terms used throughout the deed

5. Property Description: Detailed technical description of the property including boundaries, area, and title details

6. Consideration: Statement of consideration or value for the transfer

7. Transfer Declaration: Clear statement of transfer of rights and ownership from Grantor to Grantee

8. Warranties and Representations: Grantor's warranties regarding property ownership, absence of liens, and right to transfer

9. Tax Declarations: Statements regarding payment of taxes and tax obligations

10. Registration and Compliance: Provisions for registration and compliance with legal requirements

11. Execution: Formal execution clause and signature blocks

Optional Sections

1. Reservations: Any rights or interests retained by the Grantor, used when the transfer is not absolute

2. Easements: Description of any existing easements or creation of new ones, included when applicable

3. Special Conditions: Any specific conditions attached to the transfer, used when transfer is conditional

4. Power of Attorney: Authorization clause if any party is acting through an attorney-in-fact

5. Marital Consent: Spouse's consent section, required if the Grantor is married and property is conjugal

6. Mortgage Details: Information about existing mortgages if property is encumbered

Suggested Schedules

1. Property Title: Copy of the property title or title information

2. Technical Description: Detailed technical description of the property with survey plans

3. Tax Declarations: Copies of relevant tax declarations and certificates

4. Powers of Attorney: If applicable, documents proving authority to act on behalf of parties

5. Property Photos: Recent photographs of the property being transferred

6. Transfer Tax Receipts: Proof of payment of transfer taxes and other governmental fees

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Development

Banking and Finance

Construction

Agriculture

Legal Services

Property Management

Investment

Mining and Resources

Commercial Development

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretariat

Documentation

Land Registration

Title Services

Conveyancing

Risk Management

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Conveyancing Officer

Title Examiner

Real Estate Broker

Corporate Secretary

Compliance Officer

Land Registration Officer

Property Developer

Real Estate Transaction Manager

Legal Documentation Specialist

Industries
Civil Code of the Philippines (Republic Act No. 386): The fundamental law governing property rights, contracts, and obligations in the Philippines. Particularly relevant are Articles 1305-1422 (Contracts) and Articles 1231-1304 (Obligations).
Property Registration Decree (Presidential Decree No. 1529): Governs the registration of real property and deeds, including requirements for proper documentation and recording of property transfers.
National Internal Revenue Code (NIRC): Contains provisions on documentary stamp tax and other tax obligations related to property transfers and deed execution.
Land Registration Authority (LRA) Regulations: Administrative rules and requirements for deed registration, format specifications, and technical requirements for property documents.
Republic Act No. 26: Law on registration of documents affecting unregistered lands, which may be relevant depending on the property status.
Local Government Code (Republic Act No. 7160): Contains provisions regarding local requirements and fees for property transfers within specific jurisdictions.
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

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