The Residential Real Estate Purchase Agreement is a crucial legal instrument used in the Philippines for documenting the terms and conditions of residential property sales. This document is essential for any transaction involving the transfer of residential real estate ownership, whether it's a house, condominium unit, or residential lot. It must comply with various Philippine laws, including the Civil Code, the Property Registration Decree, and the Maceda Law, which specifically protects buyers in installment purchases. The agreement typically includes detailed information about the property, purchase price, payment terms, warranties, and closing requirements. It serves as the primary reference document for all parties involved in the transaction and is required for property registration with the Register of Deeds.
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 transaction and brief description of the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including lot number, street address, boundaries, and title details
5. Purchase Price: Total purchase price and payment terms including deposit and balance payment schedule
6. Payment Terms: Detailed breakdown of payment structure, including installment terms if applicable
7. Conditions Precedent: Conditions that must be met before the sale becomes final
8. Warranties and Representations: Seller's warranties regarding property ownership, liens, and encumbrances
9. Closing and Transfer of Title: Process and requirements for closing the sale and transferring property title
10. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs
11. Default and Remedies: Consequences of default by either party and available remedies
12. Notices: How formal communications between parties should be made and delivered
13. Governing Law: Specification of Philippine law as governing law and jurisdiction
14. Execution: Signature blocks and notarial requirements
1. Broker Representation: Details of real estate brokers involved and their commissions, if applicable
2. Mortgage Contingency: Conditions related to buyer's obtaining financing, if purchase is contingent on mortgage approval
3. Property Inspection: Terms for property inspection and buyer's rights if issues are discovered
4. Occupancy and Possession: Terms for current occupants and possession timeline if property is not vacant
5. Homeowners Association: Terms related to HOA membership and fees if property is in a managed community
6. Foreign Ownership Compliance: Special provisions if buyer is a foreign national, addressing ownership restrictions
7. Construction Completion: For properties under construction, terms regarding completion and acceptance
8. Tenant Rights: If property is currently leased, provisions regarding existing tenants' rights
9. Force Majeure: Provisions for unforeseen circumstances affecting contract performance
1. Schedule A - Property Details: Comprehensive technical description of the property, including lot plan and boundaries
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
3. Schedule C - Property Inventory: List of fixtures, fittings, and other items included in the sale
4. Schedule D - Title Documents: Copies of relevant title documents and certificates
5. Schedule E - Property Inspection Report: Results of property inspection and identified issues
6. Schedule F - Tax Certificates: Current real property tax certificates and clearances
7. Schedule G - Permits and Certificates: Relevant building permits, occupancy permits, and other certificates
8. Appendix 1 - Required Disclosures: Mandatory disclosures required by Philippine law
9. Appendix 2 - Property Photos: Recent photographs of the property and its major features
10. Appendix 3 - HOA Documents: If applicable, homeowners association rules and regulations
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Banking and Finance
Insurance
Property Development
Construction
Property Management
Professional Services
Relevant Teams
Legal
Real Estate
Sales
Compliance
Property Management
Documentation
Risk Management
Client Relations
Contract Administration
Business Development
Relevant Roles
Real Estate Attorney
Property Lawyer
Real Estate Broker
Real Estate Agent
Property Manager
Title Officer
Mortgage Officer
Property Appraiser
Compliance Officer
Legal Counsel
Contract Administrator
Real Estate Paralegal
Property Developer
Sales Manager
Documentation Specialist
Settlement Officer
Find the exact document you need
Real Estate Selling Contract Form
A standardized contract for real estate sales in the Philippines, ensuring compliance with local property laws while facilitating proper transfer of ownership.
find out more
Car Purchase Agreement (Real Estate)
A Philippine law-governed agreement for vehicle sales and purchases, specifically designed for real estate-related transactions, detailing terms, conditions, and obligations of all parties involved.
find out more
Buy Sell Contract Form
A standardized contract template for sale transactions in the Philippines, compliant with Philippine commercial law and civil code requirements.
find out more
Purchase Agreement For Vacant Lot
A legal agreement for buying and selling undeveloped land in the Philippines, outlining terms, conditions, and compliance with Philippine property laws.
find out more
Buy Sell Car Agreement Form
A Philippine-compliant legal agreement for the sale and purchase of motor vehicles, establishing terms and conditions while ensuring LTO compliance.
find out more
Land Buying Agreement Form
A legally binding agreement under Philippine law for the sale and purchase of land, detailing property transfer terms and ensuring compliance with local property regulations.
find out more
Sell Agreement Of Land
A legally binding agreement under Philippine law for the sale and transfer of land ownership between parties, incorporating all necessary local legal requirements and transfer procedures.
find out more
Realty Purchase Agreement
A legally binding agreement under Philippine law that documents the sale and transfer of real property between a seller and buyer, including all essential terms and conditions.
find out more
Purchase Sale Agreement Commercial (Real Estate)
A Philippine law-governed agreement for the sale and purchase of commercial real estate, detailing all terms, conditions, and requirements for property transfer.
find out more
Buy Sell Agreement Life (Insurance)
A Philippine law-governed agreement combining buy-sell provisions with life insurance requirements to facilitate business succession upon an owner's death.
find out more
Vehicle Sales And Purchase Agreement
A Philippine law-compliant agreement for the sale and purchase of vehicles, detailing terms, conditions, and ownership transfer requirements.
find out more
Assignment Of Purchase And Sale Agreement Form
A Philippine law-governed document transferring rights and obligations under an existing purchase and sale agreement from an assignor to an assignee.
find out more
Agreement For Sale Of Business
A Philippine law-governed agreement detailing terms and conditions for the sale and purchase of an existing business, including assets, liabilities, and operational transfer.
find out more
Real Estate Buyer Seller Agreement Form
A Philippine law-compliant agreement between property seller and buyer detailing terms and conditions of real estate transfer.
find out more
Private Party Auto Purchase Agreement
A Philippine-compliant legal agreement for the private sale and purchase of motor vehicles between individuals.
find out more
Real Estate Contract Of Sale
A Philippine law-compliant contract documenting the sale and transfer of real property ownership between parties, subject to local property and registration laws.
find out more
Sell Agreement
A legally binding contract under Philippine law documenting the transfer of ownership from seller to buyer, including terms of sale and legal obligations.
find out more
Conditional Purchase Agreement
A Philippine law-governed agreement for conditional purchase transactions, establishing terms for sales contingent upon specific conditions.
find out more
Agreement For Purchase And Sale Of Real Property
A Philippine law-governed agreement documenting the terms and conditions for the sale and purchase of real property, ensuring legal transfer of ownership.
find out more
Simple Lot Purchase Agreement
A legally binding agreement under Philippine law for the purchase and sale of vacant land, detailing property specifications, price, and transfer terms.
find out more
House Selling Agreement Form
A legally binding agreement under Philippine law that documents the terms and conditions for the sale of residential property from seller to buyer.
find out more
Residential Sale And Purchase Contract
A legally binding agreement under Philippine law for the sale and purchase of residential property, detailing terms, conditions, and obligations of both parties.
find out more
Standard House Purchase Contract
A standardized contract under Philippine law for the purchase and sale of residential property, ensuring legal compliance and protecting both parties' interests.
find out more
Standard Land Purchase And Sale Agreement
A legally binding agreement under Philippine law for the purchase and sale of land, outlining all essential terms and conditions of the property transfer.
find out more
Contract For Selling A Car In Payments
A Philippine law-compliant agreement for the sale of a vehicle through installment payments, including payment terms, security interests, and ownership transfer conditions.
find out more
Purchase And Resale Agreement
A commercial agreement governed by Philippine law that establishes terms for product purchase and subsequent resale, including pricing, delivery, and resale rights.
find out more
Agreement For Sale Of Agricultural Land
A Philippine law-governed agreement for transferring agricultural land ownership, ensuring compliance with CARL and related regulations.
find out more
Property Sale Contract Between Seller And Buyer
A legally binding agreement under Philippine law that documents the terms and conditions for the transfer of property ownership from seller to buyer.
find out more
Residential Contract For Sale And Purchase
A legally binding agreement under Philippine law for the sale and purchase of residential property, detailing terms, conditions, and obligations of both seller and buyer.
find out more
Private Land Purchase Agreement
A legally binding agreement under Philippine law for the purchase and sale of private land, detailing property transfer terms and conditions.
find out more
Standard Sale And Purchase Agreement
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and purchase of goods, assets, or property between parties.
find out more
Short Sale Purchase Agreement
A Philippine law-governed agreement for selling property below the outstanding mortgage balance, subject to lender approval.
find out more
Agreement For Sale Of Motor Vehicle
A Philippine law-compliant agreement for the sale and transfer of ownership of a motor vehicle, incorporating essential legal and regulatory requirements.
find out more
Simple Real Estate Sales Agreement
A comprehensive real estate sales agreement template for property transactions in the Philippines, ensuring compliance with local property laws and regulations.
find out more
As Is Contract For Sale And Purchase
A Philippine law-governed contract for the sale and purchase of property/goods in their current condition, without warranties from the seller.
find out more
Commercial Property Purchase And Sale Agreement
A legally binding agreement under Philippine law for the purchase and sale of commercial real estate property, detailing all transaction terms and conditions.
find out more
Lot Purchase Contract
A Philippine law-governed agreement for the sale and purchase of land, detailing property specifics, price, and transfer terms.
find out more
Sale Purchase Form
A Philippine law-governed agreement documenting the terms and conditions for the transfer of ownership from seller to buyer.
find out more
Residential Sale Contract
A legally binding agreement under Philippine law for the sale and purchase of residential property, detailing terms, conditions, and obligations of both parties.
find out more
Intent To Sell Agreement
A Philippine law-governed agreement documenting a seller's commitment to sell and a buyer's intention to purchase specific property or goods under agreed terms.
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)