The Contract For Houses And Residential Land is a fundamental legal instrument in Philippine real estate transactions, designed to facilitate the transfer of residential property ownership while ensuring compliance with local laws and regulations. This document is essential when conducting any residential property sale that includes both a house structure and the land it stands on. It incorporates provisions from key Philippine legislation including the Civil Code, Maceda Law, and Presidential Decree No. 957, addressing crucial aspects such as property description, payment terms, warranties, and transfer procedures. The contract serves as a comprehensive record of the transaction terms while providing legal protection for both buyers and sellers, and is particularly important given the strict property registration requirements in the Philippines. It must be notarized to be enforceable and requires specific formatting and content to comply with local government and Registry of Deeds requirements.
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 details including names, civil status, addresses, and tax identification numbers
2. Background: Context of the transaction and brief description of the parties' intention to enter into a sale/purchase agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including lot number, block number, street address, technical description, and boundaries as per title
5. Purchase Price: Total consideration and detailed payment terms including method and schedule of payments
6. Terms of Payment: Specific conditions regarding payment structure, installments if any, and consequences of default
7. Warranties and Representations: Seller's warranties regarding ownership, absence of liens/encumbrances, and property condition
8. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction-related expenses
9. Possession and Transfer of Title: Timeline and conditions for transfer of possession and title to the buyer
10. Default and Remedies: Consequences of default by either party and available remedies
11. Governing Law: Specification that Philippine law governs the agreement
12. Dispute Resolution: Process for resolving disputes, including jurisdiction and venue
13. Notices: Method and addresses for serving notices between parties
14. Execution: Signature blocks and notarization requirements
1. Financing Provisions: Include when buyer is obtaining bank financing or third-party loans
2. Construction Specifications: Include for properties under construction or requiring specific modifications
3. Homeowners Association: Include when property is part of a subdivision or governed by an association
4. Tenant Provisions: Include when property is currently leased to tenants
5. Insurance Requirements: Include when specific insurance coverage is required prior to completion
6. Environmental Provisions: Include when property requires environmental clearances or has specific environmental concerns
7. Broker Provisions: Include when real estate brokers are involved in the transaction
1. Schedule A - Property Documents: List of all title documents, tax declarations, and property surveys
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms including dates and amounts
3. Schedule C - Property Specifications: Detailed technical specifications of the house including floor plans and finishes
4. Schedule D - Permits and Certificates: Copies of building permits, occupancy permits, and other regulatory approvals
5. Schedule E - Existing Encumbrances: List of any existing liens, encumbrances, or restrictions on the property
6. Schedule F - Photographs: Current photographs of the property and its key features
7. Appendix 1 - Form of Deed of Absolute Sale: Template of the deed to be executed upon full payment
8. Appendix 2 - Property Handover Checklist: Detailed list of items to be checked during property turnover
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Residential Property
Construction
Legal Services
Banking and Finance
Insurance
Property Development
Urban Planning
Housing
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Sales
Documentation
Risk Management
Corporate Services
Operations
Business Development
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Real Estate Developer
Property Administrator
Conveyancing Lawyer
Title Officer
Real Estate Broker
Contract Manager
Property Consultant
Legal Document Specialist
Real Estate Transaction Coordinator
Find the exact document you need
Collateral Agreement (Real Estate)
A Philippine law-governed agreement establishing real estate as collateral for securing financial obligations, with provisions for registration and enforcement.
find out more
Home Buyout Agreement
A legally binding agreement under Philippine law for the purchase and transfer of residential property, detailing sale terms and transfer conditions.
find out more
Home Purchase And Sale Agreement
A legally binding agreement under Philippine law for the sale and purchase of residential property, defining terms, conditions, and obligations of both parties.
find out more
Lease Agreement With Option To Purchase (Real Estate)
A Philippine law-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both temporary use and potential acquisition of real estate.
find out more
Finders Fee Agreement (Real Estate)
A Philippine law-compliant agreement establishing terms for compensating individuals who introduce potential buyers/lessees to property owners, structured in accordance with RESA requirements.
find out more
Installment Sales Contract (Real Estate)
A Philippine law-compliant contract for the sale of real estate property through installment payments, incorporating Maceda Law protections.
find out more
Side Agreement (Real Estate)
A supplementary agreement modifying or clarifying terms of a main real estate contract under Philippine law.
find out more
Novation Agreement (Real Estate)
A Philippine law-governed agreement that substitutes one party in a real estate contract with another party, transferring all related rights and obligations.
find out more
License Agreement (Real Estate)
A Philippine law-governed agreement establishing terms for temporary property use rights between a property owner and user.
find out more
Equity Sharing Agreement (Real Estate)
A Philippine law-governed agreement establishing shared ownership rights and responsibilities in real estate property, including capital contributions, profit-sharing, and management terms.
find out more
Corporate Lease For Residential Property
A Philippine-law governed lease agreement for corporate entities renting residential properties, incorporating corporate tenancy requirements and local property regulations.
find out more
Wholesale Purchase And Sale Agreement
A Philippine law-governed agreement establishing terms for wholesale purchase and sale of goods between commercial parties, including pricing, delivery, and quality standards.
find out more
Contract For Houses And Residential Land
A Philippine law-compliant contract for the sale and purchase of residential property, including both house and land components.
find out more
Contract For Selling A House
A legally binding agreement under Philippine law for the sale and transfer of residential property ownership, detailing terms, conditions, and obligations of both parties.
find out more
Area Purchase Contract
A Philippine law-governed contract for the purchase and sale of land area, detailing terms of property transfer and ownership rights.
find out more
Real Estate Offer And Acceptance Contract
A Philippine law-governed contract documenting the terms and conditions of a real estate purchase offer and its acceptance.
find out more
Property Easement Agreement
A legal agreement under Philippine law establishing rights to use another's property for specific purposes, detailing terms, conditions, and obligations of all parties involved.
find out more
Contract To Sell Land
A Philippine law-governed agreement for the conditional sale of land, where title transfer occurs upon full payment completion.
find out more
Residential Condominium Contract
A Philippine law-compliant contract for the sale and purchase of a residential condominium unit, outlining terms, conditions, and obligations of all parties involved.
find out more
Land Development Agreement
A Philippine law-governed agreement establishing terms and conditions between property owners and developers for land development projects.
find out more
Joint Venture Property Development Agreement
A Philippine law-governed agreement establishing a joint venture between parties for real estate property development, covering ownership, responsibilities, and regulatory compliance.
find out more
Purchase Agreement For House For Sale By Owner
A Philippine law-governed agreement for the direct sale of residential property between private seller and buyer, without real estate agent involvement.
find out more
Private Sale Real Estate Contract
A Philippine law-governed contract for the private sale and transfer of real estate property between parties, detailing terms, conditions, and obligations of the sale.
find out more
Commercial Contract Unimproved Property
Philippine law-governed contract for the sale and purchase of unimproved commercial property, incorporating local property regulations and transfer requirements.
find out more
Agreement Between Buyer And Commission Agent
A Philippine law-governed agreement establishing terms between a buyer and commission agent, defining commission structures and responsibilities.
find out more
Assignable Purchase Contract
A Philippine law-governed purchase agreement that allows for the transfer of contractual rights and obligations to third parties.
find out more
Standard Lease Agreement For House Rental
A standardized residential lease agreement template for house rentals in the Philippines, compliant with local housing laws and regulations.
find out more
Buyer Exclusive Agreement
A Philippine law-governed agreement establishing exclusive representation rights between a property buyer and their chosen real estate broker for property acquisition services.
find out more
Real Estate Reservation Agreement
A Philippine law-compliant agreement establishing terms for reserving real estate property, including reservation fee, period, and payment terms.
find out more
Property Tenancy Agreement
A legally binding agreement under Philippine law establishing terms and conditions for property rental between landlord and tenant.
find out more
Houses For Sale Contract For Deed
A Philippine-law governed agreement for selling houses through installment payments, where the seller retains title until full payment is received.
find out more
Personal Property Agreement
A legal document governed by Philippine law that establishes terms and conditions for transferring ownership of personal property between parties.
find out more
For Sale By Owner Sales Contract
A legally binding agreement for direct property sales between owners and buyers in the Philippines, without real estate agent involvement.
find out more
Basic Real Estate Contract
A standardized real estate purchase agreement under Philippine law that documents property transfer terms and conditions between buyer and seller.
find out more
Private Mortgage Agreement
A legally binding agreement under Philippine law where real property is offered as security for a loan, detailing terms between borrower and lender.
find out more
Real Estate Swap Agreement
A Philippine law-governed agreement facilitating the exchange of real estate properties between parties, including terms, conditions, and compliance requirements.
find out more
Contract For Sale And Purchase
A Philippine law-governed agreement documenting the transfer of ownership of property or goods from seller to buyer for agreed consideration.
find out more
Real Estate Offer Contract
A Philippine law-compliant contract presenting a formal offer to purchase real estate property, specifying transaction terms and conditions.
find out more
Owner Finance Real Estate Contract
A Philippine law-compliant contract for seller-financed real estate transactions, establishing terms for property purchase, payment, and ownership transfer.
find out more
Condo Purchase Agreement
A Philippine law-governed agreement for the purchase and sale of a condominium unit, detailing terms, conditions, and obligations of all parties involved.
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)