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Owner To Owner Home Sale Contract

Owner To Owner Home Sale Contract Template for Philippines

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Key Requirements PROMPT example:

Owner To Owner Home Sale Contract

"I need an Owner To Owner Home Sale Contract for a single-family residence in Manila, with a standard payment structure and completion date of March 15, 2025; the property is currently tenant-occupied so needs provisions for vacant possession upon completion."

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Document background
The Owner To Owner Home Sale Contract is a crucial legal document used in the Philippines for direct property transactions between private owners without developer or corporate intermediaries. This contract type is specifically designed for residential property transfers and must comply with Philippine property laws, including the Civil Code, the Maceda Law, and local government regulations. It's particularly relevant when owners wish to conduct a direct sale without going through a real estate development company, requiring careful attention to legal requirements such as proper documentation, tax obligations, and transfer procedures. The document includes comprehensive details about the property, parties involved, payment terms, warranties, and specific provisions required under Philippine law, making it essential for protecting both parties' interests in the transaction.
Suggested Sections

1. Parties: Identification and details of the Seller and Buyer, including complete names, civil status, and addresses

2. Background: Context of the sale, brief description of the property, and intention of the parties to enter into the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including lot area, floor area, boundaries, and TCT/CCT number

5. Purchase Price: Agreed purchase price and payment terms including deposit and balance payment schedule

6. Mode of Payment: Specific details on how payments will be made and accepted

7. Warranties and Representations: Seller's warranties regarding property ownership, absence of liens, and authority to sell

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

9. Possession and Risk: Terms for transfer of possession and risk to the property

10. Completion Requirements: Documents and actions required from both parties to complete the sale

11. Default and Remedies: Consequences of default by either party and available remedies

12. Governing Law: Specification of Philippine law as governing law and jurisdiction

13. Execution: Signature blocks and notarization requirements

Optional Sections

1. Mortgage Details: Required when the property has an existing mortgage that needs to be discharged or if buyer is obtaining mortgage financing

2. Tenant Provisions: Required when the property is currently leased and includes provisions about existing tenancy

3. Property Inspection: Detailed terms for property inspection when buyer requires specific inspection rights

4. Fixtures and Fittings: List of items included/excluded in the sale when there are specific agreements about movable items

5. Construction Warranties: Required for relatively new properties with existing builder warranties to be transferred

6. Condominium Provisions: Required for condominium units, including association rules and obligations

7. Commissioner of Oath: Required when document needs to be sworn before a Commissioner of Oath

Suggested Schedules

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

2. Payment Schedule: Detailed breakdown of payment terms and installment schedule if applicable

3. Inventory of Fixtures and Fittings: Detailed list of items included in the sale

4. Title Documents: Copies of relevant title documents and certificates

5. Tax Certificates: Current real property tax certificates and tax clearances

6. Property Photographs: Documentary photographs of the property condition at time of sale

7. Defects List: List of known defects or repairs needed, if any

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

alex.den.21@genieai.co
Relevant legal definitions





































Clauses






























Relevant Industries

Real Estate

Property Development

Legal Services

Financial Services

Construction

Housing

Urban Development

Property Management

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Administrative

Documentation

Contracts

Transaction Processing

Client Relations

Relevant Roles

Real Estate Lawyer

Property Lawyer

Real Estate Broker

Property Agent

Legal Counsel

Conveyancing Lawyer

Property Manager

Real Estate Consultant

Notary Public

Legal Document Specialist

Property Administrator

Real Estate Transaction Manager

Compliance Officer

Legal Administrator

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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