Document background
The Notice of Intent to Sell Property is a crucial document in Philippine real estate transactions that must be prepared and served before proceeding with many property sales. This notice is particularly important when there are parties with legal rights that might be affected by the sale, such as tenants with rights of first refusal or co-owners. The document must comply with the Civil Code of the Philippines and local regulations, requiring specific information about the property, proposed sale terms, and response periods. A properly prepared Notice of Intent to Sell Property helps prevent future legal disputes and ensures transparency in the transaction process. It's commonly used in both residential and commercial property sales, and may need to be notarized depending on the circumstances of the sale.
