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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."
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
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
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
Property
Land
Transfer Date
Closing Date
Purchase Price
Deed of Absolute Sale
Certificate of Title
Technical Description
Encumbrances
Transfer Tax
Documentary Stamps
Business Day
Force Majeure
Governing Law
Improvements
Notice
Parties
Payment Terms
Possession
Real Estate Tax
Registration
Seller
Buyer
Title
Warranties
Zonal Value
Local Government Unit
Tax Declaration
Survey Plan
Easements
Environmental Laws
Liens
Material Adverse Effect
Permitted Use
Register of Deeds
Transfer Certificate of Title
Tax Clearance
Barangay Clearance
Property Classification
Occupancy Permit
Due Diligence
Closing Conditions
Representations
Default
Remedies
Notarial Acknowledgment
Witness
Property Description
Ownership Transfer
Purchase Price
Payment Terms
Warranties and Representations
Title and Ownership
Property Registration
Taxes and Fees
Due Diligence
Environmental Compliance
Local Government Compliance
Foreign Ownership Restrictions
Agrarian Reform Compliance
Property Delivery
Risk and Insurance
Default and Remedies
Force Majeure
Assignment
Severability
Entire Agreement
Amendment
Notices
Governing Law
Dispute Resolution
Indemnification
Confidentiality
Broker Provisions
Further Assurances
Closing Conditions
Termination
Survival
Representation by Counsel
Counterparts
Recording and Registration
Real Estate
Agriculture
Construction
Property Development
Manufacturing
Hospitality
Retail
Industrial
Mining
Energy
Infrastructure
Tourism
Education
Healthcare
Legal
Real Estate
Compliance
Finance
Operations
Business Development
Risk Management
Corporate Affairs
Facilities Management
Asset Management
Investment
Property Management
Real Estate Manager
Property Developer
Legal Counsel
Corporate Lawyer
Land Surveyor
Real Estate Broker
Property Manager
Compliance Officer
Business Development Manager
Operations Director
Chief Financial Officer
Investment Manager
Asset Manager
Facilities Manager
Corporate Secretary
Risk Manager
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