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Land Contract
"I need a Land Contract for purchasing a 5-hectare agricultural property in Batangas, Philippines, with a structured payment plan over 12 months starting March 2025, ensuring compliance with CARP regulations."
1. Parties: Identification and details of the seller and buyer, including their complete legal names, addresses, and tax identification numbers
2. Background: Context of the transaction, including brief history of the property ownership and purpose of the sale
3. Definitions: Definitions of key terms used throughout the contract
4. Property Description: Detailed legal description of the land, including boundaries, area, and title details
5. Purchase Price: Specified amount and payment terms, including method and schedule of payments
6. Terms of Payment: Detailed breakdown of payment structure, including deposits, installments, and final payment
7. Warranties and Representations: Seller's warranties regarding property ownership, absence of liens, and other legal assurances
8. Conditions Precedent: Conditions that must be met before the sale can be completed
9. Closing Requirements: Documents and actions required to complete the transaction
10. Transfer of Title: Process and requirements for transferring the property title to the buyer
11. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
12. Default and Remedies: Consequences and available remedies in case of breach by either party
13. Governing Law: Specification of Philippine law as governing law and relevant jurisdictional matters
14. Execution: Signature blocks and notarization requirements
1. Existing Tenants: Required when the property has current occupants or lease agreements
2. Environmental Conditions: Needed when there are environmental concerns or requirements affecting the property
3. Agricultural Provisions: Required when the land is agricultural and subject to CARP regulations
4. Indigenous Peoples' Rights: Necessary when the property is within or affects ancestral domains
5. Development Restrictions: Include when there are specific zoning or development limitations
6. Broker Provisions: Required when real estate brokers are involved in the transaction
7. Financing Contingencies: Include when the purchase is subject to buyer obtaining financing
8. Survey Requirements: Needed when a new survey is required or boundary disputes exist
1. Schedule A - Property Details: Technical description of the property, including surveys, maps, and lot plans
2. Schedule B - Title Documents: Copy of the title and historical title documents
3. Schedule C - Tax Declarations: Current and historical tax declarations for the property
4. Schedule D - Permits and Certificates: Relevant permits, zoning certificates, and local government clearances
5. Schedule E - Payment Schedule: Detailed breakdown of payment terms and installment schedule
6. Schedule F - Existing Encumbrances: List of any existing liens, encumbrances, or restrictions on the property
7. Appendix 1 - Property Photos: Recent photographs of the property and its boundaries
8. Appendix 2 - Environmental Reports: Environmental assessment reports if required
Authors
Property
Purchase Price
Closing Date
Transfer Certificate of Title
Tax Declaration
Register of Deeds
Local Government Unit
Deed of Absolute Sale
Encumbrances
Certificate of Title
Real Estate Tax
Capital Gains Tax
Documentary Stamp Tax
Transfer Tax
Business Day
Effective Date
Completion
Due Diligence Period
Environmental Laws
Force Majeure
Improvements
Land Registration Authority
Material Adverse Effect
Permitted Use
Technical Description
Title Insurance
Zoning Requirements
Liens
Deposit
Earnest Money
Certificate of No Improvement
Real Property Tax Clearance
Barangay Clearance
Notice
Parties
Vendor
Vendee
Warranties
Registration Fees
Notarial Fees
Recitals
Definitions
Property Description
Purchase Price
Payment Terms
Title and Ownership
Representations and Warranties
Conditions Precedent
Due Diligence
Closing Requirements
Transfer of Title
Taxes and Expenses
Registration Requirements
Environmental Compliance
Zoning Compliance
Property Inspection
Risk and Insurance
Default and Remedies
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Survival
Further Assurance
Indemnification
Local Government Compliance
Property Access
Brokers and Commissions
Existing Tenancies
Title Insurance
Termination
Time of Essence
Confidentiality
Recording and Registration
Warranties of Title
Real Estate
Agriculture
Construction
Property Development
Banking and Finance
Legal Services
Government and Public Sector
Tourism and Hospitality
Industrial and Manufacturing
Retail and Commercial
Environmental Services
Legal
Real Estate
Compliance
Property Management
Land Acquisition
Business Development
Documentation
Risk Management
Corporate Affairs
Operations
Real Estate Lawyer
Property Manager
Real Estate Broker
Legal Counsel
Compliance Officer
Land Surveyor
Title Examiner
Real Estate Development Manager
Property Acquisition Specialist
Real Estate Transaction Coordinator
Corporate Counsel
Land Use Planner
Real Estate Investment Manager
Property Rights Specialist
Documentation Officer
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