Document background
The Unilateral Deed of Sale is a fundamental legal instrument in Philippine property law, used when transferring ownership of real property from one party to another. This document is particularly important in the Philippine legal context, where property transfers must follow strict formal requirements under the Civil Code and special laws. The deed serves as the seller's formal declaration of transferring all rights and interests in the property to the buyer, containing essential elements such as property description, price, and terms of sale. It requires proper execution before a notary public and subsequent registration with the Register of Deeds. The Unilateral Deed of Sale is commonly used in both residential and commercial property transactions, particularly when the transaction is straightforward and doesn't require complex bilateral conditions.
