What is notarized in Philippine real estate transactions?

In Philippine real estate transactions, various documents may be notarized to add legal validity and authenticity. Some common documents that are typically notarized in Philippine real estate transactions include:

  1. Deed of Sale: This document transfers the ownership of the property from the seller to the buyer.
  2. Affidavit of Good Faith: This is a sworn statement confirming that the parties involved in the transaction are entering into it in good faith and with honest intentions.
  3. Special Power of Attorney (SPA): If one of the parties cannot personally attend the transaction, they may appoint someone else through an SPA to represent them.
  4. Acknowledgment of Payment: A document acknowledging that the buyer has made a payment to the seller.
  5. Contract to Sell: Similar to a Deed of Sale, this document outlines the terms and conditions of the property sale but doesn’t transfer ownership until certain conditions are met.

It’s important to note that the specific documents and requirements can vary depending on the nature of the transaction and the local regulations. Always consult with a legal professional or a notary public to ensure that all necessary documents are properly prepared and notarized according to Philippine law.

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