Select a document from the list
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Contract to Sell Real Property (e.g. land, house)
Sell your property (e.g. land, house)
A Contract to Sell is an agreement between the seller and buyer for the seller to sell property to the buyer; and the buyer to buy said property.
In a Contract to Sell, the seller can sell the property on an as-is basis (i.e. with no warranties) or with warranties to encourage the buyer to buy. A warranty is a legally enforceable promise that certain facts and representations about the property are true. This means the seller represents a certain fact as true or makes a representation regarding the product. A common warranty is the seller’s promise to repair the product for any manufacturing defects within a period of 1-year from purchase.
On the other hand, a property sold on an as-is basis has no warranties and the buyer is purchasing the property in its present condition, with all its defects either apparent or not.
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Deed of Assignment
Assign your property to another person.
A Deed of Assignment is a contract where the owner (the “assignor”) transfers ownership over property to another person (the “assignee”) by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property.
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Deed of Donation
Donate property to another person
A Deed of Donation transfers property from the owner (the “donor”) to another person (the “donee”) through donation. The Deed of Donation is usually executed for the love, gratuity and affection the donor has for the donee (e.g. from a parent to a child).
The donation can be straight-forward with no conditions attached. However, the donor can also impose conditions on the donation that the donee must follow. If the donee does not comply with the conditions, the donor may revoke the donation. For example, the donor can require the donee to take care of the donor for a certain period of time.
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Deed of Donation for Land
Donate land to another person.
A Deed of Donation transfers property from the owner (the “donor”) to another person (the “donee”) through donation. The Deed of Donation is usually executed for the love, gratuity and affection the donor has for the donee (e.g. from a parent to a child).
The donation can be straight-forward with no conditions attached. However, the donor can also impose conditions on the donation that the donee must follow. If the donee does not comply with the conditions, the donor may revoke the donation. For example, the donor can require the donee to take care of the donor for a certain period of time.
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Deed of Sale
Put your sale in writing using a "Deed of Sale"
A Deed of Sale is a contract where (a) the seller sell property to the buyer; and (b) the buyer pays the purchase price for the property. The Deed of Sale results in ownership over the property being transferred to the buyer once the seller delivers the property to the buyer.
A Deed of Sale (similar to a Contract to Sell) contains the basic terms of the sale such as (a) purchase price; (b) payment terms; and (c) warranties.
Government agencies sometimes require a notarized Deed of Sale to process the transfer of the Certificate of Title over the property from the seller to the buyer. These are usually required by the Register of Deeds (for land) and Land Transportation Office (for cars).
