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This template allows for the easy ... A citation template used to cite national and local government legislation in the Philippines. ... The phase of the deed.
In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically mentioned, "marketable title" may be specified, implying a warranty deed should be provided. Lenders will insist on a warranty deed.
According to the Civil Code of the Philippines Article 1458, the contract of sale has three stages: negotiation, perfection, and consummation. [3] Negotiation begins when prospective contracting parties indicate interest in the contract, ending with its finalization. [3] Perfection begins upon the concurrence of the elements of sale.
Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the buyer; the contract either does not specify a loan or includes provisions ...
A deed is a legal document that is signed and delivered, especially concerning the ownership of property or legal rights. Specifically, in common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed.
When the conditions on the sale contract have been met, legal title passes to the buyer in what is known as closing. In England and Wales , the terms "purchaser" and "vendor" are used. [ 1 ] Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality.
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<noinclude>[[Category:Philippines templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character. Pages in this category should be moved to subcategories where applicable.