Deed Of Sale Cancellation

Summary

In the Philippines, a deed of sale is a binding contract, but non-payment or incomplete payment can be grounds for cancellation. If the seller claims an outstanding balance, review the notarized deed and any acknowledgment receipts for payment terms. Consult a local attorney specializing in real estate transactions to understand your legal standing and possible actions.

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Philippines
In the Philippines, the deed of sale is a binding contract. However, if there is an unsettled balance, the seller may have grounds to cancel the deed of sale. You might consider the following steps:
- Review the terms of the deed of sale.
- Check if there is a clause regarding cancellation due to non-payment.
- Consult with a local attorney to understand your legal standing and possible actions.
Would you like more information on how to proceed with this matter?
What are the grounds to cancel deed of sale?
Here are the grounds to cancel a deed of sale in the Philippines:
- Non-payment or incomplete payment.
- Fraud or misrepresentation.
- Breach of contract terms.
- Mutual agreement of both parties.
- Legal incapacity of either party at the time of the sale.
Would you like to know the legal process for cancellation?
The deed of sale is executed worth * and seller have acknowledgement of receipt of the said amount. All notarized. Now the seller is claiming that there is lacking * of payment, can he cancel the deed of sale?
The seller's claim about the lacking payment could be a valid ground for cancellation, especially if there is evidence supporting their claim.
To proceed:
- Review the notarized deed of sale and any acknowledgment receipts.
- Check for any clauses related to payment terms and cancellation.
- Consult a local attorney specializing in real estate transactions.
Would you like more information on consulting a local attorney?