Land Ownership Agreement Template for Philippines

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Key Requirements PROMPT example:

Land Ownership Agreement

"I need a Land Ownership Agreement for a 500-square-meter commercial property in Makati City, with installment payments over 12 months starting March 2025, and specific provisions for existing tenant rights."

Document background
The Land Ownership Agreement serves as the primary legal instrument for transferring land ownership rights in the Philippines. This document is essential when any party wishes to purchase or sell land, whether for personal, commercial, or industrial use. It must comply with Philippine property laws, including the Civil Code, Property Registration Decree, and relevant local government regulations. The agreement includes crucial details such as property description, purchase price, payment terms, and warranties, while ensuring compliance with specific Philippine requirements like foreign ownership restrictions and agrarian reform laws. This document is particularly important given the complex nature of land ownership in the Philippines and the strict regulatory framework governing property transfers.
Suggested Sections

1. Parties: Identification of the seller and buyer, including complete legal names, civil status, nationality, and addresses

2. Background: Context of the transaction, including brief history of the property ownership and reason for the transfer

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 total area

5. Ownership Rights: Specification of the rights being transferred and any reservations or restrictions

6. Purchase Price: Statement of the agreed purchase price and payment terms

7. Mode of Payment: Details of how and when payments will be made

8. Warranties and Representations: Seller's warranties regarding property ownership, absence of liens, and authority to sell

9. Taxes and Expenses: Allocation of responsibility for various taxes and transaction costs

10. Possession and Transfer: Terms for physical possession and legal transfer of the property

11. Registration and Documentation: Requirements for property registration and document processing

12. Governing Law: Specification of Philippine law as governing law and relevant jurisdictions

13. Execution: Signature blocks and notarization requirements

Optional Sections

1. Encumbrances: Required if there are existing mortgages, liens, or other encumbrances that need to be addressed

2. Agricultural Reform Compliance: Required if the land is or was agricultural land subject to agrarian reform laws

3. Environmental Compliance: Required if the property has specific environmental requirements or restrictions

4. Indigenous Peoples' Rights: Required if the property is within or adjacent to ancestral domains

5. Foreign Ownership Compliance: Required if any party is a foreign national or corporation

6. Easements: Required if there are existing or new easements affecting the property

7. Development Restrictions: Required if there are zoning or development restrictions that significantly affect land use

8. Broker Provisions: Required if real estate brokers are involved in the transaction

Suggested Schedules

1. Property Documents: List of all property documents including title, tax declarations, and surveys

2. Technical Description: Detailed technical description of the property boundaries and coordinates

3. Payment Schedule: If payment is in installments, detailed schedule of payment dates and amounts

4. Tax Certificates: Copies of relevant tax clearances and certificates

5. Property Photographs: Recent photographs of the property and its boundaries

6. Due Diligence Report: Summary of property verification and title search results

7. Permits and Clearances: Copies of relevant permits and local government clearances

8. Power of Attorney: If applicable, documents authorizing representatives to act on behalf of parties

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

Relevant legal definitions
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Real Estate

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Legal

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Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Corporate Lawyer

Land Surveyor

Real Estate Broker

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