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Contract To Sell Form Template for Philippines

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Key Requirements PROMPT example:

Contract To Sell Form

"I need a Contract to Sell Form for a residential condominium unit in Manila, with a 20% down payment and the balance payable in 60 monthly installments starting March 2025, including provisions for early occupancy rights."

Document background
The Contract to Sell Form is a fundamental legal instrument in Philippine real estate transactions, particularly utilized in installment sales of property or pre-selling arrangements. This document type is specifically structured to comply with Philippine property laws, including the Civil Code, Maceda Law, and various real estate regulations. Unlike an absolute deed of sale, a Contract to Sell maintains the seller's ownership until full payment is received, making it ideal for protecting sellers' interests in installment transactions. The document typically includes comprehensive details about the property, payment terms, obligations of both parties, and conditions for title transfer. It's especially relevant in development projects, residential sales, and commercial property transactions where immediate full payment is not feasible or desired.
Suggested Sections

1. Parties: Identification and details of the Seller and Buyer, including complete names, addresses, and tax identification numbers

2. Background: Context of the transaction, including brief description of the property and the parties' intention to enter into a Contract to Sell

3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty

4. Property Description: Detailed description of the property including location, boundaries, area, and title details

5. Purchase Price: Total purchase price, payment structure, and terms of payment including installment details

6. Mode of Payment: Specific details on how payments will be made, including acceptable payment methods and where payments should be remitted

7. Terms and Conditions: Core obligations and rights of both parties, including payment schedules and property maintenance responsibilities

8. Default and Remedies: Consequences of default by either party and available remedies, including Maceda Law provisions

9. Transfer of Title: Conditions and process for the eventual transfer of title upon full payment

10. Taxes and Expenses: Allocation of taxes, registration fees, and other expenses related to the sale

11. Representations and Warranties: Statements of fact and guarantees by both parties regarding their capacity to enter into the agreement and the status of the property

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

13. Execution: Signature blocks and notarization requirements

Optional Sections

1. Property Inspection: Details of the buyer's inspection of the property and acknowledgment of its condition - used when the property is existing rather than pre-selling

2. Insurance: Requirements for property insurance during the payment period - typically used for high-value properties or when required by financing institutions

3. Assignment: Rights and procedures for assigning the contract to another party - included when assignment is to be permitted

4. Force Majeure: Provisions for unforeseen circumstances affecting contract performance - particularly relevant in areas prone to natural disasters

5. Improvements: Rules regarding modifications to the property during the payment period - relevant for long-term payment arrangements

6. Occupancy: Terms for occupancy before full payment - included when early occupancy is being granted

7. Broker's Clause: Details of any broker involvement and commission arrangements - included when a broker is involved in the transaction

Suggested Schedules

1. Schedule A - Property Details: Comprehensive technical description of the property, including lot plans, technical descriptions, and boundaries

2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, including due dates, amounts, and payment milestones

3. Schedule C - Property Documents: List of all relevant property documents such as tax declarations, title copies, and permits

4. Schedule D - Deed of Absolute Sale Template: Draft of the Deed of Absolute Sale to be executed upon full payment

5. Appendix 1 - Property Photos: Current photographs of the property and its boundaries

6. Appendix 2 - Construction Plans: For pre-selling properties, detailed construction plans and specifications

7. Appendix 3 - Required Permits: Copies of relevant permits, certificates, and licenses related to the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses




































Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Housing Development

Commercial Property

Residential Property

Land Development

Urban Planning

Property Investment

Relevant Teams

Legal

Real Estate

Sales

Compliance

Business Development

Property Management

Contract Administration

Corporate Secretariat

Risk Management

Documentation

Relevant Roles

Real Estate Agent

Property Developer

Legal Counsel

Property Manager

Sales Director

Contract Administrator

Real Estate Broker

Compliance Officer

Business Development Manager

Property Investment Manager

Real Estate Attorney

Notary Public

Title Officer

Corporate Secretary

Sales Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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