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The Estate Sale Contract is a crucial legal instrument used in the Philippines when transferring real property from a deceased person's estate to a buyer. This document is essential when executors or administrators of an estate need to liquidate real property assets as part of estate settlement. The contract must comply with various Philippine laws, including the Civil Code, Property Registration Decree, and local government regulations. It's specifically designed to address unique aspects of estate sales, including verification of authority to sell, court approvals where necessary, and proper documentation for tax and registration purposes. The Estate Sale Contract typically requires more extensive due diligence and documentation compared to standard property sales, as it must demonstrate clear authority from the estate administration process and proper consideration of heir's rights.

1. Parties: Identification of the seller (estate administrator/executor) and the buyer, including their legal capacities and contact details

2. Background: Context of the estate sale, including reference to the deceased's death certificate, letters of administration or probate, and court approvals if required

3. Definitions: Key terms used throughout the contract, including property definitions, relevant legal terms, and document references

4. Property Description: Detailed description of the property being sold, including lot number, title details, boundaries, and improvements

5. Authority to Sell: Confirmation of the seller's legal authority to dispose of the estate property, including relevant court orders or administrative approvals

6. Purchase Price: The agreed purchase price, payment terms, and schedule of payments

7. Payment Terms: Detailed breakdown of payment method, installments if any, and consequences of default

8. Transfer of Title: Process and timeline for transferring property title to the buyer

9. Representations and Warranties: Seller's warranties regarding property ownership, absence of liens, and authority to sell

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

11. Closing Conditions: Prerequisites for completing the sale, including documentation and payments

12. Execution: Signature blocks, notarization requirements, and witness provisions