The Simple Contract To Purchase (Real Estate) is a fundamental legal document used in Philippine real estate transactions to formalize the agreement between a buyer and seller for the transfer of real property. This document is essential when parties have agreed on basic terms and need to document their rights and obligations before proceeding with the final Deed of Absolute Sale. It includes crucial elements required under Philippine law such as property details, price, payment terms, and conditions for closing. The contract serves as a preliminary agreement that binds both parties while conditions precedent to closing are being fulfilled, such as title verification, tax clearance obtainment, and securing financing if required. It must comply with Philippine property laws, including the Civil Code, Property Registration Decree, and relevant tax regulations. This document is particularly important in protecting both parties' interests during the period between agreement and final closing of the sale.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
Alternatively...
1. Parties: Identifies and provides complete details of the seller and buyer, including their legal names, addresses, and civil status as required under Philippine law
2. Background: Brief context of the transaction and acknowledgment of seller's ownership and authority to sell
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Property Description: Detailed description of the real estate property including lot number, title details, boundaries, and technical description as per the title
5. Purchase Price: States the total purchase price and currency, breaking down any taxes and fees
6. Payment Terms: Specifies the payment schedule, method of payment, and consequences of default
7. Conditions of Sale: States that the property is sold on an 'as-is-where-is' basis and lists any encumbrances or liens
8. Representations and Warranties: Seller's warranties regarding ownership, absence of undisclosed liens, and buyer's acknowledgments
9. Closing and Transfer of Title: Details the process and timeline for executing deed of sale and transferring title
10. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
11. Default and Remedies: Consequences of breach and available remedies to either party
12. Governing Law: Specifies Philippine law as governing law and jurisdiction for disputes
13. Execution: Signature blocks with requirements for notarization under Philippine law
1. Due Diligence Period: Used when buyer requires time to conduct property inspection and title verification
2. Broker Provisions: Include when real estate brokers are involved in the transaction
3. Installment Terms: Required when payment is made in installments, incorporating Maceda Law provisions
4. Property Insurance: Used when requiring insurance coverage during the sale process
5. Tenant Provisions: Include if the property is currently leased or occupied
6. Foreign Ownership Compliance: Required when buyer is a foreign national or corporation
7. Homeowners Association: Include if property is within a subdivision or condominium complex
8. Construction Warranties: Used for newly constructed properties with ongoing warranties
1. Schedule A - Property Details: Technical description of the property, including lot plan and boundaries
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and due dates
3. Schedule C - Title Documents: Copy of title and relevant property documents
4. Schedule D - Property Inspection Report: Results of property inspection and list of included fixtures
5. Schedule E - Tax Certificates: Current real property tax certificates and clearances
6. Appendix 1 - Required Permits: Copies of necessary permits and clearances
7. Appendix 2 - Property Photos: Recent photographs of the property and improvements
8. Appendix 3 - Form Deed of Absolute Sale: Template of the deed of absolute sale to be executed upon full payment
Authors
Find the document you need
Agreement Contract To Buy And Sell (Real Estate)
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and purchase of real estate property.
Download
Simple Contract To Purchase (Real Estate)
A contract governing the purchase and sale of real estate property in the Philippines, ensuring compliance with Philippine property laws and regulations.
Download
Simple Purchase Agreement For House
A legal agreement under Philippine law for the sale and purchase of residential property, outlining key terms and conditions of the transaction.
Download
Agreement To Sell And Contract Of Sale
A Philippine law-compliant document combining an agreement to sell with a contract of sale, facilitating a conditional sale transaction with eventual transfer of ownership.
Download
Standard Agreement For The Sale Of (Real Estate)
A standardized real estate sale agreement compliant with Philippine law, facilitating legal transfer of property ownership while protecting both buyer's and seller's interests.
Download
Agreement Of Property Sale
A legal agreement under Philippine law documenting the terms and conditions for the transfer of property ownership from seller to buyer.
Download
Agreement Of Sale Of Immovable Property
A Philippine law-compliant agreement documenting the sale and transfer of immovable property between seller and buyer, including all essential terms and conditions.
Download
Sale And Purchase Agreement Of Shares
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and transfer of company shares between parties.
Download
Letter Of Intent To Sale Property
A preliminary, non-binding document under Philippine law expressing intent to purchase property and outlining basic terms of the proposed transaction.
Download
Simple Land Sale Agreement
A legally binding agreement for land sale transactions in the Philippines, outlining property transfer terms and conditions in compliance with Philippine property laws.
Download
Sales With Buyback Agreement
A Philippine law-governed agreement for sale of assets with a guaranteed repurchase right (pacto de retro), specifying initial sale and buyback terms.
Download
Real Estate Purchase Agreement Contract
A legally binding contract under Philippine law that documents the terms and conditions for the transfer of real property ownership from seller to buyer.
Download
Purchase Agreement For Sale By Owner
A Philippine law-compliant agreement for direct property sales between owners and buyers without real estate agent involvement.
Download
Lot Sale Contract
A Philippine law-governed contract for the sale and transfer of land property, establishing terms, conditions, and obligations of both seller and buyer.
Download
Agreement For Sale And Agreement To Sell
A Philippine law-governed agreement that combines both immediate sale provisions and future sale commitments, establishing terms for property or goods transfer.
Download
Standard Real Estate Purchase And Sale Agreement
A legally binding agreement under Philippine law for the purchase and sale of real property, detailing all terms and conditions of the transaction.
Download
Agreement To Buy And Sell Real Estate Residential
A Philippine-compliant legal agreement for the purchase and sale of residential real estate property, incorporating all essential elements required under Philippine law.
Download
Agreement For The Sale Of A Business
A Philippine law-governed agreement documenting the terms and conditions for the sale and purchase of a business enterprise, including all relevant transfer provisions and obligations.
Download
Lot Land Purchase And Sale Agreement
A Philippine law-governed agreement for the purchase and sale of lot land, detailing transfer terms, conditions, and compliance requirements.
Download
Pre Contract Agreement Property Purchase
A preliminary agreement under Philippine law that sets the framework and conditions for a future property purchase, including key terms and buyer/seller obligations.
Download
Simple Land Contract Purchase Agreement
A standardized agreement under Philippine law for the purchase and sale of land, detailing property transfer terms and ensuring legal compliance.
Download
Lot Sale Agreement
A legal agreement for the sale and purchase of land in the Philippines, detailing property transfer terms and conditions under Philippine law.
Download
Simple Agreement Of Sale
A straightforward sale agreement under Philippine law that documents the transfer of ownership from seller to buyer, including essential terms and conditions of the sale.
Download
Buy Sell Agreement Between Co Owners Of Real Property
A Philippine law-governed agreement establishing terms for buying and selling real property interests between co-owners, including transfer mechanisms and compliance requirements.
Download
Simple Land Purchase Agreement
A standardized agreement for land purchase transactions in the Philippines, outlining essential terms and conditions for property transfer in compliance with Philippine law.
Download
Simple Buy Sell Agreement
A straightforward agreement governing the sale and purchase of goods or property under Philippine law, documenting essential transaction terms and conditions.
Download
Car Sale Installment Agreement
A Philippine law-compliant agreement for the sale of vehicles through installment payments, incorporating consumer protection and financial regulations.
Download
Bill Of Sale And Purchase Agreement
A legally binding document under Philippine law that records the transfer of property ownership from seller to buyer, including terms and conditions of sale.
Download
Simple Vacant Land Purchase Agreement
A legally compliant agreement for the purchase and sale of vacant land in the Philippines, outlining essential terms and conditions for property transfer.
Download
Personal Property Sales Contract
A legally binding agreement under Philippine law for the sale and transfer of personal property between parties, outlining terms, conditions, and obligations of the sale.
Download
Buy Sale Agreement
A Philippine law-governed agreement documenting the transfer of ownership from seller to buyer, including terms, conditions, and obligations of the sale transaction.
Download
Private Car Sale Contract
A contract governed by Philippine law for the sale and transfer of ownership of a private vehicle, ensuring compliance with local transportation regulations and protecting both buyer and seller interests.
Download
Property Sale Contract
A legally binding agreement under Philippine law for the sale and transfer of real property ownership between parties, including terms, conditions, and compliance requirements.
Download
Shareholder Buyout Agreement
A Philippine law-governed agreement detailing the terms and conditions for the purchase of shares from existing shareholders by other shareholders or the company.
Download
Agreement For Sale And Sale Deed
A Philippine legal document combining an agreement for sale and deed of sale for property transfer, compliant with local property laws and registration requirements.
Download
Car Sale Contract With Payments
A Philippine law-governed agreement for vehicle sales with installment payments, detailing sale terms, payment conditions, and ownership transfer requirements.
Download
Buyout Agreement
A Philippine law-governed agreement detailing the terms and conditions for the purchase and sale of a business or its assets, including price, warranties, and transfer provisions.
Download
Buy And Sell Agreement
A legally binding contract under Philippine law documenting the transfer of property or assets from seller to buyer, including terms, conditions, and legal requirements for the transaction.
Download
Simple Real Estate Purchase Agreement
A standardized agreement for real estate purchases in the Philippines, detailing property transfer terms and conditions in compliance with Philippine law.
Download
Real Estate Sales Agreement
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and transfer of real estate property between seller and buyer.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your data is private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
