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1. Parties: Identifies and provides complete details of the buyer and seller, including their legal capacity to enter into the agreement
2. Background: Establishes the context of the transaction and the parties' intention to enter into a real estate purchase agreement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Property Description: Detailed description of the real estate property, including its location, boundaries, and certificate of title number
5. Earnest Money Terms: Specifies the amount of earnest money, payment terms, and where it will be held
6. Purchase Price: States the total purchase price and payment terms for the property
7. Due Diligence Period: Specifies the timeframe and terms for the buyer to conduct property investigation and title search
8. Closing Terms: Details the closing process, including timeline and requirements
9. Default and Remedies: Outlines what constitutes default by either party and the corresponding remedies
10. Notices: Specifies how and where formal notices between parties should be delivered
11. Governing Law: Confirms that Philippine law governs the agreement and specifies jurisdiction for disputes
12. Execution: Formal signing section with spaces for signatures, witnesses, and notarization
1. Broker Representation: Required when real estate brokers are involved in the transaction, specifying their roles and commissions
2. Contingencies: Added when the agreement is subject to specific conditions such as mortgage financing or sale of buyer's existing property
3. Property Inspection: Detailed terms for property inspection when the buyer requires specific inspection rights beyond standard due diligence
4. Existing Tenancies: Required when the property has current tenants, addressing their rights and the handling of existing leases
5. Homeowners Association: Needed when the property is part of a subdivision or condominium with an association
6. Foreign Ownership Compliance: Required when the buyer is a foreign national, addressing compliance with Philippine foreign ownership restrictions
7. Tax Certificates: Optional section detailing requirements for tax clearances and certificates when specifically negotiated
8. Property Insurance: Added when specific insurance requirements are negotiated as part of the agreement
1. Schedule A - Property Details: Detailed technical description of the property, including lot area, boundaries, and technical descriptions from the title
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and schedules, including earnest money and balance payment structures
3. Schedule C - Due Diligence Documents: List of required documents to be provided by the seller during the due diligence period
4. Schedule D - Permitted Encumbrances: List of accepted liens, encumbrances, or restrictions on the property
5. Appendix 1 - Property Photos: Recent photographs of the property and its major features
6. Appendix 2 - Title Documents: Copies of the certificate of title and other relevant property documents
7. Appendix 3 - Tax Declarations: Current tax declarations and receipts for the property
8. Appendix 4 - Property Survey: Recent survey plan or plot plan of the property
Real Estate
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Commercial Property
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