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Real Estate Selling Contract Form
"I need a Real Estate Selling Contract Form for a residential property sale in Manila, Philippines, with installment payments over 5 years starting March 2025, including specific provisions for early payment options and default remedies."
1. Parties: Identification of the Seller and Buyer with complete details including name, civil status, address, and tax identification numbers
2. Background: Context of the sale, including brief property history and purpose of the transaction
3. Definitions: Definitions of key terms used throughout the contract
4. Property Description: Detailed description of the real estate property including lot number, location, boundaries, and technical description as per title
5. Purchase Price: Total consideration and payment terms including method and schedule of payments
6. Terms of Payment: Detailed payment structure, including down payment and subsequent installments if applicable
7. Representations and Warranties: Seller's declarations regarding property ownership, absence of liens, and other material facts
8. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
9. Delivery and Transfer of Title: Process and timeline for transferring property ownership and documentary requirements
10. Default and Remedies: Consequences of breach and available remedies for both parties
11. Governing Law: Specification of Philippine law as governing law and jurisdiction
12. Execution: Signature blocks and notarial acknowledgment
1. Broker Involvement: Details of real estate broker involvement and commission structure, used when a licensed broker facilitates the transaction
2. Condition Precedent: Specific conditions that must be met before the sale becomes final, such as bank financing approval
3. Due Diligence: Buyer's right to conduct property inspection and verification, typically used in commercial property transactions
4. Existing Tenancies: Details of current lease agreements if the property is tenant-occupied
5. Environmental Compliance: Environmental warranties and compliance requirements, particularly for industrial or commercial properties
6. Force Majeure: Provisions for unforeseen circumstances affecting contract performance
7. Association Dues: Details of condominium or subdivision association fees and obligations, used for properties within managed communities
1. Property Documents: Copy of title, tax declarations, and technical description of the property
2. Payment Schedule: Detailed breakdown of payment terms including amounts and due dates
3. Property Inventory: List of fixtures and fittings included in the sale
4. Tax Certificates: Current real property tax clearances and certificates
5. Authorization Documents: Corporate authorizations, board resolutions, or special powers of attorney if applicable
6. Property Plans: Floor plans, lot plans, and location maps
7. Due Diligence Results: Reports from property inspection, title search, and other verifications
Authors
Property
Purchase Price
Closing Date
Deed of Absolute Sale
Down Payment
Earnest Money
Effective Date
Encumbrances
Force Majeure
Improvements
Installment Payments
Legal Title
Liens
Notice
Parties
Real Estate Tax
Registration Fees
Seller's Warranties
Tax Clearance Certificate
Technical Description
Title
Transfer Certificate of Title
Transfer Date
Transfer Taxes
Zonal Value
Business Day
Documentary Requirements
Due Diligence Period
Certificate of Title
Real Property
Capital Gains Tax
Documentary Stamp Tax
Notarial Fees
Property Registration
Broker's Commission
Default
Material Adverse Change
Possession
Recording
Transfer Costs
Purchase Price
Payment Terms
Title Transfer
Representations and Warranties
Property Inspection
Due Diligence
Tax Obligations
Registration Requirements
Default and Remedies
Force Majeure
Broker Commission
Property Delivery
Risk and Insurance
Notices
Assignment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Termination
Amendment
Survival
Further Assurance
Costs and Expenses
Conditions Precedent
Environmental Compliance
Property Access
Existing Tenancies
Association Rules
Title Insurance
Recording and Registration
Property Maintenance
Indemnification
Time of Essence
Real Estate
Banking and Finance
Construction
Property Development
Legal Services
Investment Management
Hospitality
Retail
Industrial
Commercial Property
Residential Property
Agriculture (for agricultural land)
Infrastructure
Legal
Real Estate
Sales
Business Development
Finance
Compliance
Tax
Property Management
Investment
Operations
Corporate Affairs
Risk Management
Real Estate Agent
Property Manager
Real Estate Broker
Legal Counsel
Corporate Lawyer
Property Developer
Sales Manager
Business Development Manager
Investment Analyst
Financial Controller
Tax Consultant
Compliance Officer
Real Estate Appraiser
Title Officer
Acquisitions Manager
Contract Administrator
Property Consultant
Real Estate Investment Manager
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