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Real Estate Assignment Contract
"I need a Real Estate Assignment Contract for transferring my rights to a pre-selling condominium unit in Manila to a new buyer, with a 30% down payment due by March 15, 2025, and the remaining balance to be paid in 60 monthly installments."
1. Parties: Identifies all parties involved: the Assignor (current property buyer), Assignee (new buyer), and Developer/Seller (acknowledgment party)
2. Background: Describes the original contract of sale, property details, and context for the assignment
3. Definitions: Defines key terms used throughout the agreement including Property, Original Contract, Assignment Date, etc.
4. Assignment and Consideration: Details the transfer of rights and obligations, and the payment terms for the assignment
5. Representations and Warranties: Statements by the Assignor regarding their right to assign, status of payments, and property condition
6. Assignor's Obligations: Outlines the Assignor's duties including delivering documents and facilitating the transfer
7. Assignee's Obligations: Specifies the Assignee's responsibilities including payments and assumption of original contract obligations
8. Developer's Consent: Documents the developer's approval of the assignment as required by Philippine law
9. Taxes and Expenses: Allocates responsibility for transfer taxes, registration fees, and other costs
10. Completion Requirements: Lists conditions and documents needed to complete the assignment
11. Governing Law and Jurisdiction: Specifies Philippine law as governing law and defines jurisdiction for disputes
12. Execution: Formal closing section with signature blocks for all parties
1. Financing Arrangements: Include when the assignment involves bank financing or special payment terms
2. Broker Provisions: Include when real estate brokers are involved in the assignment transaction
3. Property Inspection Results: Include when specific property conditions need to be acknowledged
4. Outstanding Obligations: Include when there are existing liens, encumbrances, or pending obligations
5. Special Conditions: Include when there are unique requirements from the developer or specific arrangements between parties
6. Notice Requirements: Include when specific notification procedures are needed beyond standard communications
7. Default and Remedies: Include when parties want to specify additional default scenarios and corresponding remedies
1. Schedule A - Property Details: Detailed description of the property including lot number, floor area, boundaries, and technical descriptions
2. Schedule B - Original Contract: Copy or key details of the original contract of sale with the developer
3. Schedule C - Payment History: Statement of payments made under the original contract and remaining balance
4. Schedule D - Assignment Consideration: Detailed breakdown of the assignment price and payment terms
5. Appendix 1 - Required Documents: List of all documents required for the assignment process
6. Appendix 2 - Developer's Consent Form: Standard form of developer's consent to the assignment
7. Appendix 3 - Tax Certificates: Relevant tax clearances and certificates
8. Appendix 4 - Property Photos: Current photographs of the property (if already constructed)
Authors
Assignment
Assignment Date
Assignment Price
Assignor
Assignee
Completion
Completion Date
Contract Balance
Developer
Developer's Consent
Effective Date
Encumbrances
Execution Date
Initial Contract
Land
Original Contract
Original Purchase Price
Outstanding Balance
Paid Equity
Party/Parties
Payment Schedule
Property
Property Documents
Purchase Price
Real Estate Project
Registration
Remaining Installments
Security Interest
Seller
Taxes
Title
Transfer Date
Unit
Consideration
Property Description
Developer's Consent
Representations and Warranties
Payment Terms
Transfer of Rights
Obligations and Liabilities
Conditions Precedent
Completion
Tax Obligations
Registration and Transfer
Title and Ownership
Default and Remedies
Force Majeure
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Assignment and Transfer
Costs and Expenses
Indemnification
Confidentiality
Further Assurance
Successors and Assigns
Counterparts
Survival
Time of Essence
Real Estate Development
Property Management
Construction
Banking and Finance
Legal Services
Urban Planning
Property Investment
Real Estate Brokerage
Legal
Real Estate
Compliance
Finance
Property Management
Documentation
Contract Administration
Risk Management
Business Development
Customer Relations
Real Estate Manager
Property Developer
Legal Counsel
Real Estate Broker
Property Manager
Contract Administrator
Compliance Officer
Real Estate Attorney
Finance Manager
Property Investment Advisor
Documentation Specialist
Real Estate Consultant
Title Officer
Property Rights Specialist
Find the exact document you need
Real Estate Assignment Contract
A Philippine law-compliant contract transferring property rights and obligations from an existing buyer to a new buyer, including developer's consent and payment terms.
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