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Transfer Of Land Ownership Agreement
"I need a Transfer of Land Ownership Agreement for selling my residential property in Manila to an individual buyer, with the full payment of 5 million pesos to be made on March 15, 2025, and I want to include special provisions for the existing tenant who will remain in the property for 3 months after the transfer."
1. Parties: Identifies and provides complete details of the Seller and Buyer, including their legal capacity to enter into the agreement
2. Background: Establishes the context of the transfer, including the Seller's ownership and authority to sell
3. Definitions: Defines key terms used throughout the agreement
4. Property Details: Comprehensive description of the land including lot number, technical description, boundaries, and title details
5. Consideration: States the purchase price and payment terms
6. Representations and Warranties: Seller's declarations regarding property ownership, encumbrances, and legal status
7. Transfer of Title: Process and obligations related to the transfer of title and registration
8. Tax Obligations: Specifies responsibilities for capital gains tax, documentary stamp tax, and other applicable taxes
9. Costs and Expenses: Allocation of expenses related to the transfer
10. Possession: Terms and timing of physical possession transfer
11. Governing Law: Confirms Philippine law as governing law and jurisdiction
12. Execution: Signature blocks and notarization requirements
1. Broker Involvement: Required when a real estate broker is involved in the transaction
2. Mortgage Details: Needed when the property has existing mortgages or if the purchase is financed through a mortgage
3. Agricultural Land Reform Provisions: Required for agricultural land subject to land reform laws
4. Tenant Rights: Necessary when the property has existing tenants
5. Foreign Ownership Provisions: Required when the buyer is a foreign national or entity
6. Installment Payment Terms: Required when payment is not made in full at closing
7. Property Management Transition: Needed for properties with ongoing management requirements
8. Environmental Compliance: Required for properties with environmental considerations or requirements
1. Property Title: Copy of the current land title and technical description
2. Tax Declarations: Current tax declarations and certificates
3. Property Survey: Recent survey plan and technical description
4. Payment Schedule: Detailed breakdown of payment terms and dates if not paid in full
5. Permits and Certificates: Relevant governmental permits and certificates
6. Photos and Maps: Recent photographs of the property and location maps
7. Due Diligence Results: Summary of property verification and inspection results
8. Existing Contracts: Copies of relevant existing contracts affecting the property
Authors
Property
Land
Transfer Date
Closing Date
Purchase Price
Deed of Absolute Sale
Title
Transfer Certificate of Title
Tax Declaration
Encumbrances
Registration Fees
Documentary Requirements
Due Diligence
Completion
Business Day
Representations and Warranties
Force Majeure
Governing Law
Local Government Unit
Notarial Acknowledgment
Register of Deeds
Survey Plan
Technical Description
Zonal Value
Capital Gains Tax
Documentary Stamp Tax
Transfer Tax
Beneficial Owner
Legal Title
Possession
Improvements
Easements
Material Adverse Effect
Property Laws
Registration
Permitted Encumbrances
Title Defects
Compliance Certificate
Real Estate Tax
Property Description
Purchase Price
Payment Terms
Title Transfer
Representations and Warranties
Due Diligence
Conditions Precedent
Tax Obligations
Registration Requirements
Transfer of Possession
Encumbrances
Compliance with Laws
Broker Provisions
Default and Remedies
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Indemnification
Cost Allocation
Termination
Survival
Authority and Capacity
Documentation Requirements
Local Government Compliance
Real Estate
Agriculture
Commercial Property Development
Residential Property Development
Industrial Property
Hospitality
Retail
Banking and Finance
Construction
Property Investment
Infrastructure Development
Mining and Resources
Legal
Real Estate
Property Management
Compliance
Corporate Services
Finance
Documentation
Risk Management
Asset Management
Acquisitions
Real Estate Lawyer
Property Manager
Real Estate Broker
Land Developer
Corporate Counsel
Compliance Officer
Property Assessor
Real Estate Investment Manager
Land Registration Officer
Title Examiner
Real Estate Transaction Coordinator
Property Acquisition Manager
Legal Documentation Specialist
Real Estate Portfolio Manager
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