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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
Real Estate
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Banking and Finance
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Property Development
Insurance
Investment
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Urban Development
Housing
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Real Estate
Compliance
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Corporate Affairs
Investment
Operations
Risk Management
Documentation
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
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