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Sell Land Contract
"I need a Sell Land Contract for a residential plot in Manila, Philippines, where I'm selling my 500-square-meter property to an individual buyer for 15 million pesos, with closing scheduled for March 15, 2025."
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1. Parties: Identification of the Seller and Buyer with complete legal names, civil status, citizenship, and addresses as required by Philippine law
2. Background: Context of the sale, including brief history of ownership and purpose of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the land including lot number, survey number, location, boundaries, and title certificate details
5. Purchase Price: Agreed purchase price and detailed payment terms including method and timing of payments
6. Terms of Payment: Schedule of payments, including any deposits, installments, and final payment arrangements
7. Representations and Warranties: Seller's warranties regarding ownership, absence of liens, and property condition
8. Conditions Precedent: Conditions that must be met before the sale can be completed
9. Closing Requirements: Documents and actions required to complete the transfer of ownership
10. Transfer of Title: Process and timing for the transfer of title to the buyer
11. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
12. Default and Remedies: Consequences of default by either party and available remedies
13. Governing Law: Specification of Philippine law as governing law and jurisdiction
14. Execution: Signature blocks with requirements for notarization as per Philippine law
1. Environmental Compliance: Required when the property is in an environmentally sensitive area or subject to environmental regulations
2. Tenant Provisions: Include when the property has existing tenants or lessees
3. Agricultural Land Provisions: Required when the land is classified as agricultural and subject to CARP restrictions
4. Broker Provisions: Include when real estate brokers are involved in the transaction
5. Foreign Ownership Compliance: Required when the buyer is a foreign national or entity
6. Subdivision Requirements: Include when the land is part of a subdivision development
7. Mortgage Release: Required when the property has existing mortgages that need to be discharged
8. Construction Provisions: Include when there are existing structures or ongoing construction on the land
1. Property Description Schedule: Detailed technical description of the property including survey plans and technical boundaries
2. Title Documents: Copies of the Transfer Certificate of Title or Original Certificate of Title
3. Tax Declarations: Current and historical tax declarations for the property
4. Payment Schedule: Detailed breakdown of payment terms and installment dates if applicable
5. Due Diligence Documents: List of property-related documents provided by seller for buyer's review
6. Permits and Certificates: Copies of relevant permits, zoning certificates, and local government clearances
7. Property Photographs: Recent photographs of the property and its boundaries
8. Power of Attorney: If applicable, documents authorizing representatives to act on behalf of either party
Authors
Property
Purchase Price
Closing Date
Transfer Certificate of Title
Due Diligence Period
Earnest Money
Encumbrances
Force Majeure
Land Registration Authority
Local Government Unit
Material Adverse Change
Permitted Encumbrances
Property Documents
Real Estate Tax
Register of Deeds
Signing Date
Tax Clearance Certificate
Tax Declaration
Title Insurance
Zoning Classification
Business Day
Completion
Deed of Absolute Sale
Environmental Laws
Improvements
Liens
Notice
Parties
Payment Terms
Possession Date
Property Laws
Registration Fees
Seller's Warranties
Transfer Taxes
Working Day
Property Description
Purchase Price
Payment Terms
Title and Ownership
Representations and Warranties
Due Diligence
Conditions Precedent
Closing Conditions
Transfer of Title
Possession
Taxes and Expenses
Registration
Environmental Compliance
Zoning Compliance
Default
Remedies
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Waiver
Further Assurance
Counterparts
Survival
Time of Essence
Legal Compliance
Local Government Requirements
Broker Provisions
Property Insurance
Land Use
Real Estate
Construction
Agriculture
Banking & Finance
Industrial
Retail
Hospitality
Commercial Development
Residential Development
Manufacturing
Tourism
Energy
Legal
Real Estate
Property Management
Compliance
Business Development
Corporate Affairs
Risk Management
Operations
Finance
Documentation
Land Acquisition
Asset Management
Real Estate Attorney
Property Manager
Real Estate Broker
Legal Counsel
Corporate Lawyer
Land Registration Officer
Property Developer
Real Estate Agent
Compliance Officer
Title Examiner
Land Surveyor
Business Development Manager
Real Estate Investment Manager
Property Acquisition Specialist
Legal Document Specialist
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