The Simple Offer To Purchase Land Form is a fundamental document in Philippine real estate transactions, designed to initiate the property acquisition process in compliance with the Civil Code of the Philippines and relevant property laws. This document is typically used when a prospective buyer wishes to formalize their interest in purchasing a specific piece of land, whether for personal, commercial, or industrial purposes. The form serves as the first step in the transaction process, containing critical elements such as property details, purchase price, payment terms, and conditions precedent to the sale. It's structured to accommodate both simple residential transactions and more complex commercial deals, while ensuring compliance with Philippine legal requirements regarding property transfers, including foreign ownership restrictions where applicable. The document's format allows for customization based on specific transaction requirements while maintaining its essential legal elements.
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1. Parties: Identifies the prospective buyer (offeror) and property owner (offeree) with complete legal names and addresses
2. Property Description: Detailed description of the subject property including lot number, survey number, title number, exact location, boundaries, and total area
3. Purchase Price: States the total offered purchase price in both numbers and words
4. Payment Terms: Specifies the proposed payment structure, including earnest money deposit amount and timing of payments
5. Offer Validity: States the period during which the offer remains valid and binding on the offeror
6. Due Diligence Period: Specifies the timeframe allowed for title search, property inspection, and other necessary investigations
7. Conditions of Sale: Lists the basic conditions that must be met for the sale to proceed, including clear title requirement
8. Execution: Space for signatures of the offeror, witnesses, and acceptance by the offeree
1. Broker Information: Include when a real estate broker is involved in the transaction, specifying broker details and commission arrangements
2. Financing Contingency: Add when the offer is contingent upon the buyer obtaining specific financing arrangements
3. Special Conditions: Include when there are unique requirements or conditions specific to the property or transaction
4. Property Inclusions/Exclusions: Add when specific fixtures or items need to be explicitly included or excluded from the sale
5. Zoning Compliance: Include when property use or development plans require specific zoning considerations
1. Schedule A - Property Details: Detailed technical description of the property including certified survey plan, technical description, and boundaries
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms including amounts and due dates if involving multiple payments
3. Schedule C - Property Documents: List of all property-related documents to be provided by the seller, including tax declarations and certificates
4. Appendix 1 - Property Photos: Recent photographs of the property and its boundaries for reference
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Agriculture
Commercial Development
Industrial
Residential Development
Tourism and Hospitality
Retail
Manufacturing
Logistics and Warehousing
Education
Relevant Teams
Legal
Real Estate
Property Management
Business Development
Finance
Corporate Affairs
Facilities Management
Investment
Operations
Risk Management
Compliance
Relevant Roles
Real Estate Agent
Property Manager
Legal Counsel
Corporate Lawyer
Land Developer
Business Development Manager
Investment Manager
Property Acquisition Specialist
Real Estate Investment Officer
Facilities Manager
Corporate Secretary
Chief Financial Officer
Chief Executive Officer
Real Estate Portfolio Manager
Land Acquisition Manager
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