Deed Of Sale Land Rights Template for Philippines

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Deed Of Sale Land Rights

"I need a Deed of Sale Land Rights for transferring a 250-square-meter residential property in Manila, Philippines from an individual seller to a married couple, with full payment to be made at closing."

What is a Deed Of Sale Land Rights?

The Deed of Sale Land Rights is a crucial legal instrument in Philippine property law, used whenever there is a transfer of land ownership between parties. This document is essential for both private and commercial real estate transactions in the Philippines, ensuring compliance with the Civil Code, Property Registration Decree, and relevant local government regulations. The deed must include specific details about the property, parties involved, and terms of sale, while adhering to strict formal requirements under Philippine law. It serves as the primary evidence of the transfer of ownership and must be notarized and registered with the Register of Deeds to be legally effective. Common applications include residential property sales, commercial land acquisitions, agricultural land transfers, and development property purchases, all subject to relevant Philippine laws including foreign ownership restrictions and land reform regulations where applicable.

What sections should be included in a Deed Of Sale Land Rights?

1. Parties: Identifies and provides complete details of the Vendor/Seller and Purchaser/Buyer, including their legal capacity to enter into the contract

2. Background: Establishes the context of the sale, including the Vendor's ownership and right to sell the property

3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty

4. Property Description: Detailed description of the land being sold, including its location, boundaries, and technical description as per tax declaration and title

5. Consideration: States the purchase price and payment terms agreed upon by the parties

6. Warranties and Representations: Seller's warranties regarding ownership, absence of encumbrances, and other material facts about the property

7. Transfer of Rights: Explicit statement transferring all rights, title, and interests from seller to buyer

8. Taxes and Expenses: Allocation of responsibility for transfer taxes, registration fees, and other transaction costs

9. Possession: Terms regarding the delivery of possession of the property to the buyer

10. Governing Law: Specifies that the deed is governed by Philippine law

11. Execution: Formal closing section with signature blocks and notarial acknowledgment

What sections are optional to include in a Deed Of Sale Land Rights?

1. Encumbrances: Required if there are existing liens, mortgages, or other encumbrances that need to be disclosed or addressed

2. Conditions Precedent: Include when there are specific conditions that must be met before the sale can be completed

3. Payment Terms: Detailed section needed when payment is not made in full at closing but involves installments or specific arrangements

4. Power of Attorney: Required when either party is acting through an attorney-in-fact

5. Broker's Commission: Include when a broker or agent is involved in the transaction

6. Agricultural Land Reform Compliance: Required for agricultural land subject to CARP laws

7. Foreign Ownership Compliance: Required when the buyer is a foreign national or entity

What schedules should be included in a Deed Of Sale Land Rights?

1. Schedule A - Property Details: Technical description of the property including lot number, survey details, and boundaries

2. Schedule B - Title Documents: List of all title documents and their details including TCT/OCT numbers

3. Schedule C - Tax Declarations: Copies or details of current tax declarations and tax clearances

4. Schedule D - Payment Schedule: If applicable, detailed breakdown of installment payments and terms

5. Appendix 1 - Property Photos: Recent photographs of the property and its boundaries

6. Appendix 2 - Location Plan: Vicinity map and location plan of the property

7. Appendix 3 - Required Permits: Copies of relevant permits, clearances, and certificates required for the transfer

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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