Finding and buying the perfect properties in the Philippines is rarely an easy task. That is why Lamudi has created a deed of sale sample, which is easy to download and can be used to finalize a legally binding transfer of properties between two parties.
The downloadable sample deed of sale PDF below can be used as a contract to sell or buy any property type, whether an apartment, a house, or a plot of land. Importantly, the PDF provided here is a deed of absolute sale and not a contract to sell. This is significant as the latter is used in the preparatory stage when termination of contract is still possible. The absolute deed of sale cannot be terminated and signifies the final transfer of ownership of any given property.
Most people who have participated in the selling or buying of a property will be familiar with a deed of sale Philippines, such as the one available to download above. However, for those new to the world of real estate, a few important points should be highlighted before a deed of absolute sale is signed. Firstly, and most significantly, be sure to understand that once the document is signed, all rights to the property have been transferred from the seller to the buyer.
Secondly, a deed of absolute sale should have no stipulated conditions attached to the transfer apart from the buyers’ payment of the required price. Before paying for any property, be sure to have an independent surveyor judge the property’s current market value to avoid overpaying.
Finally, for the document to be legally binding, it must lucidly describe the property to be transferred and mention all significant distinguishing features, along with the date and the purchasing price. The sample of a deed of sale of land provided below contains all required information for the contract of sale to be legally sound. Also available is a Tagalog version of the deed of sale template.
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