The As Is Property Sale Agreement is a crucial legal document used in the Philippines when transferring real estate ownership without standard warranties regarding property condition. This type of agreement is particularly suitable when selling properties that may need renovation, have known defects, or where the seller wishes to limit their post-sale liability. The document complies with Philippine Civil Code requirements while clearly establishing that the buyer accepts the property in its current state, having conducted their own due diligence. It's commonly used in distressed property sales, auction purchases, or situations where the seller has limited knowledge of the property's condition. The agreement includes comprehensive property documentation, buyer acknowledgments, and specific provisions required under Philippine real estate law, making it essential for protecting both parties' interests in such 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 legal names and addresses
2. Background: Context of the sale and brief description of the property being sold
3. Definitions: Key terms used throughout the agreement including 'As Is' condition, Property, Closing Date, and Purchase Price
4. Sale and Purchase: Core agreement to sell and purchase the property in its current condition
5. Purchase Price: Agreed purchase price and payment terms
6. As Is Condition: Explicit statement that property is sold 'as is' with buyer's acknowledgment of current condition
7. Seller's Representations: Limited representations regarding ownership and authority to sell
8. Buyer's Acknowledgments: Buyer's confirmation of property inspection and acceptance of current condition
9. Closing: Closing date, requirements, and procedures
10. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other costs
11. Risk and Insurance: Transfer of risk and insurance responsibilities
12. Default and Remedies: Consequences of default by either party
13. Notices: How formal communications between parties should be made
14. Governing Law: Specification of Philippine law as governing law
15. Entire Agreement: Standard boilerplate confirming this is the complete agreement between parties
1. Broker Representation: Include if real estate brokers are involved in the transaction
2. Financing Contingency: Include if purchase is contingent on buyer obtaining financing
3. Title Insurance: Include if title insurance is being obtained (uncommon in Philippines but may be required by foreign buyers)
4. Survival: Include if any representations or warranties are to survive closing
5. Foreign Investment Provisions: Include if buyer is a foreign national, addressing ownership restrictions
6. Vacant Possession: Include if property is currently occupied and timing of vacancy needs to be addressed
7. Zoning Acknowledgment: Include if property has specific zoning restrictions buyer should acknowledge
1. Property Description: Detailed legal description of the property including lot number, boundaries, and title details
2. Property Condition Report: Detailed documentation of property's current condition with photos
3. Title Documents: Copy of current title and any relevant certificates
4. Permitted Encumbrances: List of existing liens, easements, or encumbrances that will remain after sale
5. Inventory of Included Items: List of any fixtures or personal property included in sale
6. Tax Certificates: Current real property tax certificates and clearances
7. Due Diligence Documents: Copies of relevant permits, certificates, and technical documents
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Property Development
Banking and Finance
Investment Management
Property Management
Legal Services
Urban Development
Residential Property
Commercial Property
Relevant Teams
Legal
Real Estate
Compliance
Risk Management
Property Management
Operations
Facilities
Contract Administration
Asset Management
Investment
Due Diligence
Documentation
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Broker
Real Estate Agent
Legal Counsel
Compliance Officer
Property Assessor
Real Estate Director
Investment Manager
Asset Manager
Real Estate Development Manager
Risk Manager
Contract Administrator
Title Officer
Property Acquisition Manager
Real Estate Operations Manager
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
LOI For Purchase Of Goods
A preliminary document under Philippine law outlining the intended terms and conditions for a proposed purchase of goods transaction.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
Home For Sale By Owner Contract
A Philippine law-compliant contract for direct residential property sales between owners and buyers, without broker involvement.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
Purchase Agreement For Sale By Owner
A Philippine law-compliant agreement for direct property sales between owners and buyers without real estate agent involvement.
find out more
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.
find out more
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.
find out more
Cross Purchase Agreement
A Philippine law-governed agreement establishing terms for business owners to purchase each other's interests upon specified triggering events.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
find out more
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.
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)