Essential clauses
Parties with civil status, property technical description/TCT, price, receipt, warranties, signatures.
Taxes
Documentary stamp tax (NIRC Sec. 196 area) and local transfer tax (LGC); capital gains — verify current NIRC rate with counsel (ocoai marks unverified rates).
Registration
Present to BIR processes as required, then Registry of Deeds for new TCT.
Sources
Last reviewed November 9, 2026. Laws, rules and Bar Bulletins change; if a source above has been amended or superseded, the official text controls.