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The Sale Agreement of Immovable Property is a crucial legal instrument used in the Philippines for real estate transactions, whether residential, commercial, or industrial. This document is essential when transferring ownership of land, buildings, or other real property, and must comply with the Philippine Civil Code, Property Registration Decree, and various local government regulations. The agreement typically includes comprehensive details about the property, parties involved, payment terms, warranties, and transfer procedures. It serves as the primary document for recording the transaction and protecting both parties' interests while ensuring compliance with Philippine property laws, including foreign ownership restrictions and tax requirements. The document is particularly important as it forms the basis for the subsequent registration of the property transfer with the Registry of Deeds and serves as evidence of the transaction for tax and regulatory purposes.

1. Parties: Identification of the Seller and Buyer with complete details including names, civil status, addresses, and tax identification numbers

2. Background: Context of the sale including brief description of the property and the parties' intention to enter into a sale transaction

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including lot number, survey details, boundaries, area, and title certificate number

5. Purchase Price: Agreed purchase price and detailed payment terms including method and schedule of payments

6. Mode of Payment: Specific details about how payments will be made, including bank details and acceptable payment methods

7. Terms of Delivery: Timeline and process for the transfer of possession and ownership of the property

8. Seller's Representations and Warranties: Warranties regarding ownership, absence of encumbrances, payment of taxes, and other property-related assurances

9. Buyer's Representations and Warranties: Warranties regarding financial capacity and compliance with ownership restrictions

10. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction-related expenses

11. Title Transfer Process: Steps and requirements for transferring the title to the buyer

12. Default and Remedies: Consequences of default by either party and available remedies

13. Governing Law: Specification of Philippine law as governing law and relevant jurisdiction

14. Execution: Signature blocks and notarization requirements