The Agreement of Sale of Immovable Property is a crucial legal document used in the Philippines when transferring ownership of real property, whether land, buildings, or other immovable assets. This agreement must comply with the Civil Code of the Philippines, the Property Registration Decree, and other relevant laws governing real estate transactions. It is required for any sale of real property and serves as the basis for the eventual transfer of title through the Register of Deeds. The document includes comprehensive details about the property, parties involved, purchase price, payment terms, and various warranties and representations required under Philippine law. It must be notarized to be valid and is typically preceded by a reservation agreement or letter of intent in commercial transactions.
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 with complete names, civil status, citizenship, and addresses as required by Philippine law
2. Background: Context of the sale and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including lot number, survey number, title details, boundaries, and technical description as appearing in the title
5. Purchase Price: Statement of the total purchase price and terms of payment
6. Mode of Payment: Details of how and when payments will be made, including installment terms if applicable
7. Representations and Warranties of the Seller: Seller's declarations regarding ownership, absence of liens, and authority to sell
8. Representations and Warranties of the Buyer: Buyer's declarations regarding financial capacity and authority to purchase
9. Taxes and Expenses: Allocation of responsibility for transfer taxes, registration fees, and other transaction costs
10. Delivery of Possession: Terms and timing for the transfer of physical possession of the property
11. Title Transfer: Process and timing for the transfer of legal title
12. Default and Remedies: Consequences of default by either party and available remedies
13. Governing Law: Specification of Philippine law as governing law
14. Execution Requirements: Requirements for valid execution including notarization
1. Broker Involvement: Details of any real estate broker involvement and commission arrangements, required if a licensed broker is involved
2. Mortgage Provisions: Required if the property is subject to an existing mortgage or if the purchase is to be financed through a mortgage
3. Tenant Provisions: Required if the property is currently leased or occupied by tenants
4. Construction Warranties: Required for newly constructed properties, including developer warranties
5. Condominium Provisions: Required if the property is a condominium unit, including references to master deed and association rules
6. Foreign Ownership Compliance: Required if the buyer is a foreign national or entity, addressing Constitutional restrictions
7. Environmental Warranties: Required for industrial or commercial properties, addressing environmental compliance
8. Subdivision Restrictions: Required if the property is part of a subdivision, incorporating subdivision restrictions
1. Property Title: Copy of the Transfer Certificate of Title or Original Certificate of Title
2. Technical Description: Detailed technical description of the property boundaries and measurements
3. Payment Schedule: Detailed schedule of payments if sold on installment
4. Tax Clearances: Real property tax clearances and tax declarations
5. Property Survey: Recent survey plan approved by the Bureau of Lands
6. Photos and Location Plan: Recent photographs of the property and vicinity map
7. Permits and Certificates: Relevant building permits, occupancy permits, and certificates
8. Power of Attorney: If any party is acting through an attorney-in-fact
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking & Finance
Construction & Development
Legal Services
Property Management
Hospitality
Retail
Manufacturing
Agriculture
Education
Relevant Teams
Legal
Real Estate
Compliance
Corporate Secretariat
Finance
Risk Management
Property Management
Acquisitions
Investment
Operations
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Broker
Corporate Lawyer
Legal Counsel
Compliance Officer
Real Estate Developer
Property Acquisition Manager
Real Estate Investment Manager
Title Officer
Notary Public
Corporate Secretary
Chief Legal Officer
Real Estate Transaction Manager
Due Diligence Officer
Find the exact document you need
LOI For Commercial Real Estate Purchase
A preliminary document outlining proposed terms for commercial property purchase in the Philippines, serving as a framework for negotiations and future definitive agreements.
Download
Agreement Of Purchase And Sale Of Shares By Shareholder
A Philippine law-governed agreement documenting the sale and transfer of company shares between shareholders, including terms, conditions, and regulatory compliance requirements.
Download
Agreement Contract To Buy And Sell (Real Estate)
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and purchase of real estate property.
Download
Simple Contract To Purchase (Real Estate)
A contract governing the purchase and sale of real estate property in the Philippines, ensuring compliance with Philippine property laws and regulations.
Download
Simple Purchase Agreement For House
A legal agreement under Philippine law for the sale and purchase of residential property, outlining key terms and conditions of the transaction.
Download
Loi To Purchase (Real Estate)
A preliminary document used in Philippine real estate transactions expressing a buyer's intent to purchase property and outlining key proposed terms, subject to Philippine property laws and regulations.
Download
Real Estate Sale Contract By Owner
A Philippine law-compliant contract for direct property sale between owner and buyer, covering essential terms and conditions for real estate transfer.
Download
Purchase And Sale Agreement Commercial (Real Estate)
A legally binding agreement under Philippine law for the purchase and sale of commercial real estate property, detailing all transaction terms and compliance requirements.
Download
House Selling Contract
A legally binding agreement under Philippine law for the sale and transfer of residential property ownership, incorporating all essential elements required by local property regulations.
Download
Contract To Buy And Sell (Real Estate)
A Philippine law-governed agreement for the purchase and sale of real estate property, detailing terms, conditions, and transfer requirements.
Download
Buy Sell Agreement (Real Estate)
A legal agreement under Philippine law facilitating the transfer of real estate property between seller and buyer, detailing terms, conditions, and obligations of the sale.
Download
Sale Agreement Of Immovable Property
A Philippine law-governed agreement for the sale and transfer of immovable property, detailing terms, conditions, and compliance requirements for property ownership transfer.
Download
Agreement To Sell And Contract Of Sale
A Philippine law-compliant document combining an agreement to sell with a contract of sale, facilitating a conditional sale transaction with eventual transfer of ownership.
Download
Standard Agreement For The Sale Of (Real Estate)
A standardized real estate sale agreement compliant with Philippine law, facilitating legal transfer of property ownership while protecting both buyer's and seller's interests.
Download
Mobile Home Selling Contract
A legally binding agreement under Philippine law for the sale and transfer of ownership of a mobile home, including terms of sale, specifications, and compliance requirements.
Download
LOI Purchase Agreement
A preliminary agreement under Philippine law outlining key terms and conditions for a proposed purchase transaction, serving as a framework for negotiating the final purchase agreement.
Download
LOI For Business Purchase
A preliminary document under Philippine law outlining the proposed terms and conditions for a business acquisition, serving as a framework for negotiations and future definitive agreements.
Download
Simple Car Purchase Agreement
A standardized agreement for vehicle sales in the Philippines, documenting terms of sale and transfer of ownership in compliance with Philippine law.
Download
Deed Of Sale Agreement For A Car
A Philippine law-compliant agreement documenting the sale and transfer of ownership of a motor vehicle between seller and buyer.
Download
Buy Sell Contract
A Philippine law-governed agreement that documents the terms and conditions for the sale and purchase of goods or assets between two parties.
Download
LOI For Purchase Of Goods
A preliminary document under Philippine law outlining the intended terms and conditions for a proposed purchase of goods transaction.
Download
Asset Purchase LOI
A preliminary agreement under Philippine law outlining the proposed terms for purchasing specific assets, serving as a framework for negotiation and due diligence.
Download
Agreement Of Property Sale
A legal agreement under Philippine law documenting the terms and conditions for the transfer of property ownership from seller to buyer.
Download
Agreement Of Sale Of Immovable Property
A Philippine law-compliant agreement documenting the sale and transfer of immovable property between seller and buyer, including all essential terms and conditions.
Download
Sale And Purchase Agreement Of Shares
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and transfer of company shares between parties.
Download
Letter Of Intent To Sale Property
A preliminary, non-binding document under Philippine law expressing intent to purchase property and outlining basic terms of the proposed transaction.
Download
Home For Sale By Owner Contract
A Philippine law-compliant contract for direct residential property sales between owners and buyers, without broker involvement.
Download
Buy Sell Agreement Between Business Partners
A Philippine law-governed agreement establishing terms for business partners to buy or sell their ownership interests in a business entity.
Download
Simple Land Sale Agreement
A legally binding agreement for land sale transactions in the Philippines, outlining property transfer terms and conditions in compliance with Philippine property laws.
Download
Sales With Buyback Agreement
A Philippine law-governed agreement for sale of assets with a guaranteed repurchase right (pacto de retro), specifying initial sale and buyback terms.
Download
Real Estate Purchase Agreement Contract
A legally binding contract under Philippine law that documents the terms and conditions for the transfer of real property ownership from seller to buyer.
Download
Purchase Agreement For Sale By Owner
A Philippine law-compliant agreement for direct property sales between owners and buyers without real estate agent involvement.
Download
Personal Property Sale Agreement
A legally binding agreement under Philippine law for the sale and transfer of personal property, detailing terms, conditions, and obligations of both parties.
Download
Lot Sale Contract
A Philippine law-governed contract for the sale and transfer of land property, establishing terms, conditions, and obligations of both seller and buyer.
Download
Cross Purchase Agreement
A Philippine law-governed agreement establishing terms for business owners to purchase each other's interests upon specified triggering events.
Download
Buy Sell Agreement For Small Business
A Philippine law-governed agreement documenting the sale and purchase terms of a small business, including transfer conditions and obligations.
Download
Agreement For Sale And Agreement To Sell
A Philippine law-governed agreement that combines both immediate sale provisions and future sale commitments, establishing terms for property or goods transfer.
Download
Contract Of Purchase And Sale Private Sale
A Philippine law-governed agreement documenting the terms and conditions for the private sale of property or goods between parties.
Download
Agreement Of Purchase And Sale Commercial
A Philippine law-governed agreement for the purchase and sale of commercial real estate properties, ensuring compliance with local regulations while protecting parties' interests.
Download
Agreement To Buy And Sell Real Estate Residential
A Philippine-compliant legal agreement for the purchase and sale of residential real estate property, incorporating all essential elements required under Philippine law.
Download
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)