The deed of sale can be either for real property or personal property.

The deed of sale is a legal, binding document

proving that both buyer and seller have reached an agreement of sale or purchase of an immovable property or in
this case a motor vehicle (MV).

It should indicate the details of the MV such as make, color, body type, plate number, model, and engine number.
Besides that, a deed of sale should include personal details of the seller such as the full name, marital status,
address, and how much the vehicle should be sold. Moreover, details about the buyer such as full name and
address will also be written in the document and signed by both parties. Finally, this should be notarized by a
lawyer.

Legally, buyers are required to register the MV at the Land Transportation Office (LTO) once it changes ownership.

Deed of Sale of Motor Vehicle

Every time we do have a sale transaction, especially those involving real properties and motor vehicles, we need to make
sure that the property will be transferred in our name after we have made the payment or simultaneously when the
payment is made.
How is this done? Well, the seller or transferor of the property must be made to execute or sign a Deed of Sale. This
instrument will be the basis, in case of real property, of the Register of Deeds to cancel the title of the former owner in
favor of the buyer or transferee of the property. The Deed of Sale will contain the name of the seller, the terms and
conditions of the sale which includes the selling price, the manner of payment of capital gains tax, and the date the sale is
consummated. The document must be notarized by a Notary Public. In the Philippines, the notary public should be a
Lawyer. Please also take note that if the seller of the property is married, the consent of his/her spouse is required in the
document.

Deed of Sale Of Motor Vehicle

Deed of Sale of Personal Property Format:

BILL OF SALE

KNOW ALL MEN BY THESE PRESENTS:

I, __(seller)__, of legal age, residing at ________________, for and in consideration of the sum of
_________________ PESOS (P__________), Philippine currency, to me paid by__(buyer)__, also legal age and residing
at _______________, receipt whereof is hereby acknowledged, do hereby SELL and CONVEY unto the said __(buyer)__,
his heirs and assigns, the following property:

(Description of Property)

I further covenant with the said __(seller)__ that I own and have the right to sell and transfer the title and
ownership of the abovedescribed property; I will defend the same against the claims of any and all persons whatsoever.

IN WITNESS WHEREOF, I have hereunto set my hand this ____ day of __________, 2007, ____________,
Philippines.

_________________
(Vendor)

Signed in the presence of:

__________________

__________________

ACKNOWLEDGMENT