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The Simple Real Estate Purchase Agreement Between Family Members is specifically designed for use in the Philippines when transferring real property ownership between related parties. This document type is particularly relevant when families wish to formalize property transfers while maintaining familial considerations and complying with Philippine legal requirements. It addresses specific aspects of family property transfers, including potential price considerations, future inheritance implications, and special tax treatments available for relatives under Philippine tax laws. The agreement ensures compliance with the Civil Code of the Philippines, the Family Code, and relevant property registration requirements while maintaining transparency for all parties involved. It's particularly useful for straightforward property transfers where both parties wish to maintain family harmony while ensuring legal protection.

1. Parties: Identification of the seller and buyer, including their complete legal names, addresses, and specification of their family relationship

2. Background: Brief context of the family property sale, including the relationship between parties and general intent of the transaction

3. Definitions: Key terms used in the agreement, including Property, Purchase Price, Closing Date, and other relevant terms

4. Property Description: Detailed legal description of the property, including certificate of title number, boundaries, and improvements

5. Purchase Price and Payment Terms: Agreed purchase price, payment schedule, and method of payment

6. Representations and Warranties: Basic declarations about property ownership, absence of liens, and authority to sell

7. Closing and Transfer of Title: Process and requirements for completing the sale and transferring property ownership

8. Costs and Taxes: Allocation of transfer taxes, registration fees, and other transaction costs

9. Governing Law: Specification that Philippine law governs the agreement

10. Execution: Signature blocks with acknowledgment of family relationship