This Bilateral Contract (Real Estate) is designed for property transactions in the Philippines, specifically structured to comply with the Civil Code of the Philippines and relevant real estate laws. The document is essential for any transfer of real property ownership, whether residential, commercial, or industrial. It contains mandatory provisions required by Philippine law, including proper party identification, property details, payment terms, and transfer procedures. The agreement serves as a legally binding document that protects both parties' interests while ensuring compliance with local registration requirements, tax regulations, and foreign ownership restrictions where applicable. This template is particularly useful for real estate professionals, property developers, and legal practitioners handling property transactions in the Philippine market, incorporating all necessary elements for a valid and enforceable real estate contract under Philippine jurisdiction.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the seller and buyer, including complete legal names, addresses, and tax identification numbers as required by Philippine law
2. Background: Context of the transaction, including brief property history and purpose of the sale
3. Definitions: Definitions of key terms used throughout the agreement, including technical and legal terms specific to Philippine real estate law
4. Property Description: Detailed description of the property including lot number, survey number, title details, and boundaries as per the title certificate
5. Purchase Price: Agreed purchase price, payment terms, and schedule of payments including earnest money requirements
6. Terms of Payment: Detailed payment structure, including installment terms if applicable, and method of payment
7. Conditions Precedent: Conditions that must be met before the sale becomes final, including title verification and property inspection
8. Representations and Warranties: Seller's warranties regarding property ownership, absence of encumbrances, and compliance with Philippine laws
9. Closing and Transfer of Title: Process and requirements for closing the sale and transferring the title, including registration requirements
10. Taxes and Expenses: Allocation of taxes (including documentary stamp tax, transfer tax) and other transaction expenses
11. Default and Remedies: Consequences of default by either party and available legal remedies
12. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes
13. Execution: Formal closing section including date and signature blocks with notarization requirements
1. Broker's Commission: Details of real estate broker's commission if a licensed broker is involved in the transaction
2. Mortgage Provisions: Include when the purchase is financed through a mortgage, detailing the terms and conditions
3. Foreign Ownership Compliance: Required for foreign buyers, detailing compliance with Philippine foreign ownership restrictions
4. Tenant Rights: Include if the property is currently leased, addressing existing tenant rights and obligations
5. Construction Warranties: Include for newly constructed properties, detailing developer warranties and guarantees
6. Homeowners Association: Include if property is part of a subdivision or condominium, detailing association rules and fees
7. Force Majeure: Optional clause addressing unforeseen circumstances that may affect the transaction
8. Environmental Compliance: Include for properties requiring environmental clearances or with environmental concerns
1. Schedule A - Property Details: Technical description of the property, including lot plan, technical boundaries, and certificate of title details
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, including dates and amounts for installments if applicable
3. Schedule C - Property Inventory: List of fixtures, fittings, and other items included or excluded from the sale
4. Schedule D - Required Documents: List of all documents required for closing, including certificates and clearances
5. Schedule E - Outstanding Taxes: Details of any outstanding property taxes or assessments
6. Appendix 1 - Property Photos: Recent photographs of the property and its major features
7. Appendix 2 - Title Documents: Copies of relevant title documents and certificates
8. Appendix 3 - Tax Clearances: Copies of required tax clearances and certificates
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Banking and Finance
Legal Services
Property Development
Insurance
Investment
Property Management
Urban Development
Housing
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Business Development
Corporate Affairs
Investment
Operations
Risk Management
Documentation
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Broker
Legal Counsel
Compliance Officer
Real Estate Developer
Property Acquisition Manager
Title Officer
Contract Administrator
Real Estate Agent
Corporate Lawyer
Investment Manager
Due Diligence Officer
Property Consultant
Legal Document Specialist
Find the exact document you need
Non Binding Agreement
A Non-Binding Agreement template under Philippine law for structuring preliminary business discussions and proposed arrangements while maintaining no legal obligations.
find out more
Bilateral Contract (Real Estate)
A Philippine law-compliant bilateral contract for real estate transactions, facilitating legal property transfer between parties with necessary terms and conditions.
find out more
Business Agreement
Template for a Philippine-law compliant business agreement, structured to establish clear commercial relationships while meeting local legal requirements.
find out more
Option Contract (Real Estate)
A Philippine law-governed contract granting exclusive rights to purchase specific real estate property under preset terms and conditions within a defined timeframe.
find out more
Written Agreement For Payment
A legally binding payment agreement under Philippine law that establishes payment terms, schedules, and obligations between parties.
find out more
Land Lease Agreement Form
A Philippine law-compliant agreement establishing terms for leasing land between property owner and tenant, including rental terms, usage rights, and obligations.
find out more
Bilateral Contract
A bilateral contract template compliant with Philippine law, establishing reciprocal obligations between two parties.
find out more
Consignment Agreement Form
A Philippine law-governed agreement establishing terms for consignment sales arrangement between product owner and seller, including commission and inventory management terms.
find out more
General Tenancy Agreement
A Philippine law-compliant agreement establishing terms and conditions for property rental between landlord and tenant.
find out more
Standard Form Contract
A standardized contract template compliant with Philippine law, designed for regular business-to-consumer transactions with pre-set terms and conditions.
find out more
Contract Agreement Form
A comprehensive Contract Agreement Form template compliant with Philippine law, designed for establishing legally binding business relationships.
find out more
Money Agreement Between Two Parties
A comprehensive money lending agreement template compliant with Philippine law, structuring financial transactions between two parties.
find out more
Written Agreement
A formal Written Agreement compliant with Philippine law, establishing legally binding obligations between parties with clear terms and enforcement mechanisms.
find out more
Simple Contract
A straightforward legal agreement governed by Philippine law that establishes basic contractual relationships between parties, ensuring compliance with the Civil Code of the Philippines.
find out more
Side Agreement
A supplementary agreement under Philippine law that modifies or clarifies terms of an existing primary agreement while maintaining compliance with Philippine civil and commercial legislation.
find out more
Mutual Agreement Between Two Parties
A legally compliant template for Mutual Agreements between two parties under Philippine law, suitable for various business relationships.
find out more
Lease Agreement With Option To Purchase
A Philippine law-governed agreement combining property lease terms with a future purchase option, establishing conditions for both temporary use and potential acquisition.
find out more
Incorporation Agreement
A foundational legal document under Philippine law that establishes a new corporation and defines its basic structure, governance, and operational framework.
find out more
Formal Agreement
A binding legal agreement drafted under Philippine law that establishes formal business relationships and obligations between parties.
find out more
Fixed Term Tenancy Agreement
A Philippine law-compliant agreement establishing fixed-term rental terms between landlord and tenant, governed by the Rent Control Act and Civil Code of the Philippines.
find out more
Contract For Selling A Car
A Philippine law-compliant contract for the sale and transfer of ownership of a motor vehicle, including essential terms and conditions for both parties.
find out more
Casual Worker Contract
A Philippine-compliant contract for casual employment arrangements, establishing terms and conditions for temporary or intermittent work relationships.
find out more
Business Transfer Agreement
A Philippine law-governed agreement facilitating the complete transfer of business ownership, assets, and operations between entities, ensuring regulatory compliance and smooth transition.
find out more
Boilerplate Agreement
A versatile Boilerplate Agreement template compliant with Philippine law, designed for various business relationships and transactions.
find out more
Tooling Agreement
A Philippine law-governed agreement establishing terms for industrial tool development, supply, and usage rights between manufacturing parties.
find out more
Service Agreement Terms And Conditions
Philippine-law governed terms and conditions document outlining service provision arrangements between provider and client.
find out more
Representation Agreement
A Philippine law-governed agreement establishing the terms and conditions between a principal and their appointed representative, defining scope, territory, and mutual obligations.
find out more
Provisional Agreement
A temporary contractual arrangement under Philippine law that establishes interim terms and conditions between parties while evaluating longer-term collaboration possibilities.
find out more
Preliminary Agreement
A pre-contractual document under Philippine law that establishes the framework for negotiations and initial terms between parties before finalizing a detailed agreement.
find out more
Notary Rent Agreement
A legally binding rental agreement authenticated by a notary public under Philippine law, establishing terms and conditions between lessor and lessee.
find out more
Non Compete Agreement Between Companies
A Philippine law-governed agreement establishing competitive restrictions between companies, defining scope, duration, and territorial limitations of non-compete obligations.
find out more
Lease With Option To Buy
A Philippine law-governed agreement combining property lease terms with a future purchase option, structured to comply with local real estate and contract laws.
find out more
Land Agreement Between Two Parties
A Philippine law-compliant agreement for the transfer of land ownership between two parties, incorporating all essential legal requirements and protections.
find out more
Contract Agreement Between Two Parties
A bilateral agreement under Philippine law establishing legally binding obligations between two parties, with comprehensive terms and conditions for business relationships.
find out more
Common Terms Agreement
A Philippine law-governed agreement establishing common terms for syndicated lending facilities, standardizing the relationship between multiple lenders and borrower(s).
find out more
Buyer Agency Agreement
A Philippine-law governed agreement establishing a professional relationship between a real estate agent and property buyer, outlining the agent's authority, duties, and compensation terms.
find out more
Statement Of Agreement
A formal document under Philippine law that records mutual understanding and commitments between parties, serving as a simplified yet legally binding agreement.
find out more
Contract For Service And Contract Of Service
A dual-purpose contract template for employment and independent contractor relationships compliant with Philippine law and regulations.
find out more
Preliminary Contract
A Philippine law-governed binding preliminary agreement that establishes the framework and obligations for parties negotiating toward a final contract.
find out more
Key Agreement For Employees
A Philippine-compliant agreement governing the issuance and management of keys/access devices to employees, establishing security protocols and holder responsibilities.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)