The Land Agreement Form is a crucial legal instrument in Philippine real estate transactions, designed to document and formalize arrangements concerning land property. This document is essential when transferring land ownership, establishing lease agreements, or documenting other land-related transactions within the Philippine jurisdiction. It must comply with various local regulations, including the Civil Code of the Philippines, Property Registration Decree, and specific local government requirements. The form typically includes comprehensive details about the property, parties involved, transaction terms, and necessary legal provisions to ensure enforceability. It's particularly important given the Philippines' strict regulations regarding land ownership, transfer procedures, and foreign ownership restrictions. The document serves as both a legal record and a binding agreement, protecting all parties' interests while ensuring compliance with local land laws and regulations.
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1. Parties: Identification and details of all parties involved in the agreement, including complete legal names, addresses, and tax identification numbers
2. Background: Context of the agreement, including brief history of the property and purpose of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the land, including lot number, survey number, boundaries, and technical description as per title
5. Consideration: Purchase price or consideration for the land, payment terms, and method of payment
6. Warranties and Representations: Seller's warranties regarding ownership, absence of encumbrances, and authority to sell
7. Terms of Transfer: Process and timeline for the transfer of title and possession
8. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
9. Due Diligence: Buyer's right to conduct property inspection and title verification
10. Closing Conditions: Conditions that must be met before the transaction can be completed
11. Default and Remedies: Consequences of breach and available remedies
12. Governing Law: Specification of Philippine law as governing law and jurisdiction
1. Broker Involvement: Details of any real estate broker involvement and commission arrangements, used when a broker facilitated the transaction
2. Mortgage Provisions: Terms related to existing or new mortgages, used when the property is or will be mortgaged
3. Agricultural Land Provisions: Special provisions required under the Agrarian Reform Law, used for agricultural land
4. Development Obligations: Buyer's obligations regarding property development, used for undeveloped land with development requirements
5. Environmental Provisions: Environmental warranties and obligations, used for properties with environmental concerns
6. Foreign Ownership Compliance: Special provisions ensuring compliance with foreign ownership restrictions, used when buyer is foreign
7. Tenant Rights: Provisions addressing existing tenants' rights, used when the property has current occupants
8. Subdivision Provisions: Terms related to subdivision of the land, used when the transaction involves subdivision plans
1. Technical Description: Detailed technical description of the property including metes and bounds
2. Title Documents: Copy of the Transfer Certificate of Title or Original Certificate of Title
3. Tax Declarations: Current tax declarations and receipts
4. Payment Schedule: Detailed schedule of payments if not made in full at closing
5. Property Photographs: Recent photographs of the property and its boundaries
6. Permits and Certificates: Copies of relevant permits, certificates, and local government clearances
7. Survey Plan: Approved survey plan of the property
8. Due Diligence Results: Summary of title search results and other due diligence findings
Relevant legal definitions
Agreement
Property
Land
Transfer Certificate of Title
Original Certificate of Title
Closing Date
Consideration
Deed of Absolute Sale
Earnest Money
Encumbrances
Force Majeure
Improvements
Land Registration Authority
Local Government Unit
Metes and Bounds
Property Tax
Purchase Price
Real Estate Tax
Registry of Deeds
Seller
Buyer
Technical Description
Title
Transfer Date
Zoning Classification
Warranties
Capital Gains Tax
Documentary Stamp Tax
Due Diligence Period
Effective Date
Governing Law
Notice
Parties
Tax Declaration
Transfer Taxes
Business Day
Certificate of Title
Completion
Default
Liens
Property
Land
Transfer Certificate of Title
Original Certificate of Title
Closing Date
Consideration
Deed of Absolute Sale
Earnest Money
Encumbrances
Force Majeure
Improvements
Land Registration Authority
Local Government Unit
Metes and Bounds
Property Tax
Purchase Price
Real Estate Tax
Registry of Deeds
Seller
Buyer
Technical Description
Title
Transfer Date
Zoning Classification
Warranties
Capital Gains Tax
Documentary Stamp Tax
Due Diligence Period
Effective Date
Governing Law
Notice
Parties
Tax Declaration
Transfer Taxes
Business Day
Certificate of Title
Completion
Default
Liens
Clauses
Property Description
Purchase Price
Payment Terms
Title and Ownership
Warranties and Representations
Due Diligence
Conditions Precedent
Transfer of Title
Taxes and Expenses
Registration Requirements
Default and Remedies
Force Majeure
Governing Law
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Amendment
Confidentiality
Foreign Ownership Compliance
Agricultural Land Compliance
Environmental Compliance
Local Government Compliance
Broker Provisions
Insurance
Inspection Rights
Property Access
Closing Conditions
Title Insurance
Indemnification
Termination
Survival
Further Assurance
Time of Essence
Purchase Price
Payment Terms
Title and Ownership
Warranties and Representations
Due Diligence
Conditions Precedent
Transfer of Title
Taxes and Expenses
Registration Requirements
Default and Remedies
Force Majeure
Governing Law
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Amendment
Confidentiality
Foreign Ownership Compliance
Agricultural Land Compliance
Environmental Compliance
Local Government Compliance
Broker Provisions
Insurance
Inspection Rights
Property Access
Closing Conditions
Title Insurance
Indemnification
Termination
Survival
Further Assurance
Time of Essence
Relevant Industries
Real Estate
Agriculture
Construction
Property Development
Banking and Finance
Legal Services
Government and Public Sector
Tourism and Hospitality
Industrial and Manufacturing
Retail
Environmental Services
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Land Development
Corporate Affairs
Risk Management
Investment
Operations
Facilities Management
Relevant Roles
Real Estate Lawyer
Property Manager
Land Developer
Real Estate Broker
Legal Counsel
Compliance Officer
Land Registration Officer
Real Estate Investment Manager
Property Development Director
Agricultural Land Officer
Corporate Lawyer
Real Estate Transaction Manager
Title Examiner
Land Use Planner
Real Estate Portfolio Manager
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