Title Release Form Template for Philippines

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Key Requirements PROMPT example:

Title Release Form

"I need a Title Release Form for transferring my residential property in Manila to my sister, with the transfer to be completed by March 2025; the property is currently under my name but has an existing mortgage with BPI Bank that needs to be addressed in the document."

Document background

A Title Release Form is a crucial legal instrument in Philippine property transactions, used when transferring or relinquishing rights to real property. This document is essential in various scenarios, including property sales, donations, or settlement of property disputes. The form must comply with Philippine property laws, including Presidential Decree No. 1529 and relevant Civil Code provisions. It contains vital information such as property details, party information, release statements, and necessary declarations. The document requires proper execution before a notary public and may need additional supporting documentation depending on the property's status and the transaction's nature. Title Release Forms are particularly important in the Philippine context due to the country's strict property registration and transfer requirements.

Suggested Sections

1. Title: Document identification as a Title Release Form

2. Parties: Full legal names and addresses of the releasor (current title holder) and releasee (recipient of the release)

3. Property Details: Complete description of the property including title number, location, boundaries, and area

4. Recitals: Background information explaining the circumstances leading to the title release

5. Release Statement: Clear and unequivocal statement releasing all rights, title, and interest in the property

6. Consideration: Statement of consideration (if any) for the release

7. Representations and Warranties: Declarations regarding ownership, authority to release, and absence of encumbrances

8. Execution: Date and signature blocks for all parties and witnesses

Optional Sections

1. Prior Encumbrances: Section detailing any existing liens, mortgages, or other encumbrances - include when the property has known encumbrances

2. Spousal Consent: Written consent from spouse if the property is conjugal - required when the property is part of conjugal partnership

3. Special Power of Attorney: Authorization details if any party is acting through an attorney-in-fact - include when applicable

4. Tax Declarations: Statements regarding tax obligations and payments - include when there are specific tax considerations

5. Governing Law: Specific jurisdiction and applicable laws - include for complex transactions or when parties are from different jurisdictions

Suggested Schedules

1. Property Title Copy: Certified true copy of the original property title

2. Tax Clearance Certificates: Documentation showing all property taxes are paid and current

3. Property Survey Plan: Technical description and boundaries of the property

4. Supporting Documents: Additional documentation such as marriage certificates, authorization letters, or corporate resolutions as applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Banking and Finance

Legal Services

Construction and Development

Property Management

Government and Public Sector

Corporate Services

Housing and Development

Investment and Asset Management

Urban Planning

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Corporate Secretariat

Documentation

Asset Management

Risk Management

Operations

Administrative Services

Relevant Roles

Real Estate Attorney

Property Manager

Legal Counsel

Real Estate Broker

Title Officer

Corporate Secretary

Compliance Officer

Real Estate Developer

Land Registration Officer

Property Administrator

Legal Documentation Specialist

Real Estate Transaction Manager

Asset Manager

Property Rights Specialist

Conveyancing Lawyer

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