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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."
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
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
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
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Housing Development
Commercial Property
Residential Property
Land Development
Urban Planning
Property Investment
Legal
Real Estate
Sales
Compliance
Business Development
Property Management
Contract Administration
Corporate Secretariat
Risk Management
Documentation
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
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