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Sale Deed For Property
"I need a Sale Deed For Property for the transfer of my residential property in Manila to a private buyer, with full payment to be made at closing scheduled for March 15, 2025, and I want to ensure all necessary tax clearances and utility transfer provisions are included."
1. Parties: Full legal names, addresses, and details of the Vendor/Seller and Purchaser/Buyer, including their civil status as required under Philippine law
2. Background: Brief context of the sale, including current ownership status and intention to transfer
3. Definitions: Key terms used throughout the deed, including Property, Purchase Price, Completion Date, etc.
4. Property Details: Comprehensive description of the property including lot number, survey number, boundaries, area, and title certificate details
5. Consideration: Purchase price, payment terms, and method of payment
6. Title and Ownership: Confirmation of seller's ownership rights and commitment to transfer clear title
7. Warranties and Representations: Seller's warranties regarding property ownership, absence of encumbrances, and authority to sell
8. Transfer Mechanics: Process and timing for title transfer, registration, and handover of possession
9. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
10. Risk and Insurance: Transfer of risk and responsibility for insurance
11. Execution and Attestation: Formal execution clause, notarization requirements, and witness provisions
1. Conditions Precedent: Used when completion is subject to specific conditions being met, such as securing financing or government approvals
2. Existing Tenancies: Required when the property is subject to ongoing lease agreements
3. Environmental Matters: Included for properties with potential environmental concerns or compliance requirements
4. Planning and Zoning: Necessary when there are specific zoning requirements or development restrictions
5. Utilities and Services: Include when transfer of utility connections and services needs specific attention
6. Defects and Repairs: Used when there are known defects or ongoing repair obligations
7. Installment Terms: Required when payment is to be made in installments, incorporating Maceda Law provisions
1. Property Description Schedule: Detailed technical description of the property, including lot plans and technical boundaries
2. Title Documents: Copy of the Transfer Certificate of Title (TCT) or Original Certificate of Title (OCT)
3. Tax Clearance Certificates: Proof of payment of real property taxes and other relevant tax clearances
4. Payment Schedule: If applicable, detailed schedule of installment payments and terms
5. Property Inspection Report: Documentation of property condition at time of sale
6. List of Deliverables: Inventory of documents and items to be handed over upon completion
7. Special Warranties: Any additional warranties or representations specific to the property
Authors
Completion
Contract Price
Deed
Encumbrances
Existing Tenancies
Improvements
Land
Local Government Unit
Parties
Payment Terms
Property
Purchase Price
Purchaser
Registry of Deeds
Seller
Tax Clearance Certificate
Title
Transfer Certificate of Title
Transfer Taxes
Utilities
Vendor
Warranties
Zoning Requirements
Business Day
Closing
Due Diligence Period
Effective Date
Real Property Tax
Documentary Stamp Tax
Capital Gains Tax
Permitted Use
Property Documents
Registration Fees
Signing Date
Purchase Price
Payment Terms
Title Transfer
Representations and Warranties
Property Inspection
Due Diligence
Tax Obligations
Registration Requirements
Risk and Insurance
Possession and Delivery
Existing Encumbrances
Environmental Compliance
Utilities and Services
Default and Remedies
Force Majeure
Governing Law
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Amendment
Property Maintenance
Zoning Compliance
Title Insurance
Broker Commission
Closing Conditions
Termination Rights
Survival
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Urban Planning
Housing Development
Commercial Property
Residential Property
Industrial Property
Agriculture (for agricultural land)
Hospitality
Legal
Real Estate
Property Management
Compliance
Corporate Affairs
Operations
Asset Management
Investment
Risk Management
Documentation
Real Estate Lawyer
Property Manager
Real Estate Agent
Real Estate Broker
Legal Counsel
Compliance Officer
Property Developer
Land Registration Officer
Title Examiner
Real Estate Transaction Manager
Property Acquisition Manager
Asset Manager
Real Estate Investment Manager
Corporate Lawyer
Conveyancing Lawyer
Real Estate Paralegal
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