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This deed, made and entered into this ___ day of __________, 20__ at the City of Manila, by and between:
, Filipino Citizen, of legal age, married to Juanita de la Cruz with residence and postal address at 1234 Oak Lane, Standard Subdivision, Quezon City, hereinafter referred to as the "ASSIGNOR"
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, Filipino Citizen, of legal age, married to Patricia San Juan with residence and postal address at 123A Somerville Plaza Tower, 5678 Mahogany Avenue, Manila, hereinafter referred to as the "ASSIGNEE".
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is the buyer of a 2-bedroom unit, located at 18C, Grand Towers Condominium, 234 Taft Avenue, Manila, with an area of SEVENTY EIGHT (78) SQUARE METERS more or less, covered by Condominium Certificate Title No. 98765 of the register of Deeds of Manila, registered in the name of the Bank of the Philippine Islands.;
has offered to assign all his rights, title and interest over the above unit, as referred in said Contract to Sell and the ASSIGNEE hereby accepts the assignment in accordance with the terms herein set forth;
, for and in consideration of the foregoing premises and the sum of , which the ASSIGNOR hereby acknowledged to have received from the ASSIGNEE, the ASSIGNOR hereby assigns, transfers and conveys unto the ASSIGNEE, all his rights, title and interest to the aforementioned property and and appurtenant interest in the Condominium project pursuant to this Agreement and the ASSIGNEE by these presents hereby accepts the assignment and agrees to be bound by the terms and conditions of the Contract to Sell and the rules and regulations, and restrictions pertaining to the said unit.
, the parties have hereunto set their hands on the date and place first above written.
_______________________ _______________________
ASSIGNOR ASSIGNEE
Signed in the presence of:
_______________________ _______________________
Republic of the Philippines) ______________________) S.S
BEFORE ME, a notary for and in the City of Manila, personally appeared:
Name CTC Number Date/Place Issued
(Juan de la Cruz) 00000000 January 15, 20__ / Laguna (Pedro San Juan) 00000000 January 21, 20__ / Manila
known to me and to me known to be the same persons who executed the foregoing Deed of Assignment and transfer of Rights and acknowledged to me that the same is their free and voluntary act and deed.
, on the date and place first above written.
Notary Public Doc. No.______; Page No. ______; Book No.______; Series of 20____. |
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Things you need to know about Deed of Assignment.
Last updated on 8 January 2024
1. What is a Deed of Assignment?
A Deed of Assignment is a contract where the owner (the “assignor”) transfers ownership over property to another person (the “assignee”) by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property.
If you will assign immovable property (e.g. land, house) then use this Deed of Assignment for Immovable Property instead.
2. When do you need a Deed of Assignment?
A Deed of Assignment is used when the owner wants to transfer ownership (and the rights and obligations) over property to another person.
3. What information do you need to create the Deed of Assignment?
To create your Deed of Assignment you’ll need the following minimum information:
- The type of assignor (e.g. individual or business) as well as name and details (e.g. nationality and address).
- The type of assignee (e.g. individual or business) as well as name and details (e.g. nationality and address).
- Brief description of the property to be assigned.
4. How much is the document?
The document costs PHP 400 for a one-time purchase. Once purchased you have unlimited use and revisions of this type of document.
You can also avail of Premium subscription at PHP 1,000 and get (a) unlimited use of our growing library of documents (from affidavits to contracts); and (b) unlimited use of our “ Ask an Attorney ” service, which lets you consult an expert lawyer anytime for any legal concern you have.
Related Documents.
Activities that involve a Deed of Assignment sometimes use the following documents. You may be interested in them:
Deed of Assignment for Immovable Property
Assign your rights to immovable property (e.g. house, land) to another person
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A Step-By-Step Guide To Transferring Real Properties Through Succession
Pursuant to the law of Succession under the Civil Code of the Philippines, the rights of the heirs to properties, rights and obligations (the estate) of a deceased person (decedent) automatically transfers to them from the moment of death. This may sound simple and straightforward but the process of actually transferring legal title to such properties to the heirs, as well settling the estate, can be a long, costly, and difficult process, especially when the decedent owned real properties such as lands, buildings, houses and condominium units.
Before we get into the steps, note that this article focuses on transferring the title of real properties from the deceased person to his or her heirs. Other properties such as shares of stock, bank deposits, vehicles, etc. also have their own set of requirements, particularly as regards the settlement of estate taxes with the Bureau of Internal Revenue (“BIR”).
Before the titles to properties may be transferred to the heir/s, some steps must be accomplished even before you can head over to the Registry of Deeds to process the transfer of the titles in the name of the heir/s.
Step 1: Determine whether a Judicial or Extrajudicial Settlement of Estate is Proper
There are two ways to settle the estate of the decedent. It can be done extrajudicially, or out of court, or through judicial action.
Extrajudicial Settlement of the estate can be done if: i) the decedent did not leave a will; (ii) there are no debts (or the debts have been fully paid); and (iii) all of the heirs agree on the manner of the division and distribution of the estate. In this case, the heirs may sign a notarized extrajudicial settlement of estate to divide the estate between themselves. If there is only one heir and there are no debts, the sole heir can execute an affidavit of self-adjudication.
On the other hand, a Judicial Settlement of estate applies when the decedent left a will or when the decedent did not leave a will but the heirs are unable to agree on how to distribute the properties between themselves.
If the decedent left a will, the law requires that the will be presented/probated with the proper court. The purpose is to determine whether the will has complied with the legal requirements under the law. Once the court determines that the last will is valid and legal, it will appoint an executor to implement or execute the wishes of the decedent as contained in the last will, to administer the estate, pay the debts of the estate and pay the appropriate taxes, fees and charges. After all the obligations of the estate have been settled, the court may then order the distribution of the remaining properties to the heir/s.
Step 2: Determine the appropriate BIR Revenue District Office where the Estate Tax should be settled, pay the estate tax and secure the e-Certificate Authorization Registration (“e-CAR”)
The estate taxes isrequired to be paid at the time of filing the return, which is within one (1) year from the date of death.1 The period of payment of estate taxes may be extended up to two (2) years if the estate is settled extrajudicially. Payment by installment without civil penalty and interest may also be allowed up to two (2) years from the date of death of the decedent in case the available cash of the estate is insufficient to pay the total estate tax due. The request for extension of time to file the return, extension of time to pay estate tax or payment by installment shall be filed with the appropriate BIR Revenue District Office. These requests shall be approved by the Commissioner or his duly authorized representative.
Estate tax is governed by the law/statute in force at the time of death of the decedent. As of January 1, 2018, the Tax Code imposes a tax rate of six percent (6%) based on the net value of the estate whether the decedent is resident or non-resident of the Philippines. If the decedent died before January 1, 2018, the applicable estate tax rules would be that prior to the amendments introduced under the TRAIN Law. Regardless of when the estate taxes are actually settled, all the properties comprising the estate shall be valued according to their fair market value as of the time of the decedent’s death.
In order to secure an assessment of the estate tax payable from the BIR and to process the e-CAR, the BIR will require the submission of several documents relating to the real properties, which generally include:
- Certified true copy(ies) of the Certificate of Title(s) of real property(ies);
- Certified true copy of the latest Tax Declaration of real properties at the time of death;
- "Certificate of No Improvement" issued by the Assessor's Office declared properties do not have any declared improvement;
- Certification of Barangay Captain is the real property is claimed as a “Family Home”;
- Statement/Certificate of Aggregate Property Land Holdings issued by City/Municipal/Provincial Assessor’s Office.
- Location Plan/Vicinity map issued by the Local Assessor’s Office if zonal value cannot be readily determined from the other documents;
These documents may be secured in the relevant government offices having jurisdiction over the real properties. A crucial point to remember is to always coordinate with the relevant BIR RDO where the estate tax will be settled in case additional documents are required.
Step 3: Settle Local Transfer Tax (“LTT”)
While this step is labeled as step 3, the settlement of the LTT usually coincides with step 2 since local transfer tax is generally paid within sixty (60) days from the date of the decedent’s death. LTT is imposed by the province or city where such properties are located at the rates prescribed by their respective local revenue ordinance and will not be more 0.50% for properties located in provinces, and not more 0.75% for properties located in cities and municipalities in Metro Manila.
Step 4: Proceed to the Registry of Deeds where the Property/ies are located to Process the Transfer of Title
Once you’ve settled the estate tax, LTT and secured the eCAR, you may now proceed to the Registry of Deeds to process the title transfer in the name of the heir/s. Subject to the payment of registration fees and the submission of the required documents, the Register of Deeds will proceed with the cancellation of the previous title in the decedent’s name and issue a new title in the name of the heir/s.
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Deed of Assignment of Stock Subscription
A Deed of Assignment of Stock Subscription is a written document used to transfer shares of stock of a corporation from the registered owner (the "assignor") to another person (the "assignee"). It should specify the names of the parties , the date of the transfer , the number of the stock certificate that represents the shares to be transferred, and the number of shares that will be transferred.
Only shares that have been fully paid are transferable. This means that if the assignor has not yet paid the full amount of the subscription, then the shares under the subscription cannot be transferred .
In order to transfer the shares, the stock certificate should be endorsed by the owner or any person legally authorized to make the transfer. Indorsement means signing the back of the stock certificate.
Finally, the transfer of shares will only be valid between the parties until it is recorded in the books of the corporation.
How to use this document
This document can be used by the registered owner of shares of stock of a corporation to transfer the shares (or part of the shares) to another person. It assumes that the purchase price for the shares has been fully paid .
The user should complete the document by entering the information required in the document. Once it is completed, the assignor and the assignee should sign the document .
This Deed of Assignment also includes an Acknowledgment. An Acknowledgment is an act of a person before a notary public stating that the signature on a document was voluntarily affixed by him and he executed the document as his free and voluntary act . Acknowledging a document before a notary public turns the document into a public document . Public documents are generally self-authenticating, meaning no other evidence will be needed to prove the execution of the document.
The Documentary Stamp Tax ("DST") and other applicable taxes, such as the Capital Gains Tax, should also be paid to the Bureau of Internal Revenue ("BIR") by the assignor or the assignee. The DST is required to be paid for any issuance or transfer of shares. The BIR shall issue a Certificate Authorizing Registration ("CAR") once the DST and other taxes are paid.
The assignor or assignee can then present the document, together with the endorsed stock certificate and the CAR , to the Corporate Secretary so the transfer can be recorded in the books of the corporation .
Applicable law
The Revised Corporation Code and the general laws of contracts and obligations found in the Civil Code govern the transfer of shares. However, other laws, their rules and regulations, and SEC rules may affect the conduct and transactions of the Corporation such as but not limited to the 1987 Constitution of the Philippines , the Securities Regulation Code, the Foreign Investment Act, the Republic Act 8179, specifically the Foreign Investment Negative List, the Anti-Money Laundering Act, and the Anti-Dummy Law may affect the ownership requirements of a corporation, depending on the business of the corporation. Tax laws may also affect the transfer of the shares.
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Deed of Assignment of Stock Subscription - template
Country: Philippines
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Deed of assignment of shares of stock sample.
Philippine Legal Forms Tags: Deed of Assignment , Deed of Assignment of Shares of Stock , Deed of Assignment Sample
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Last Will & Testament. Legal Form Note: This is a free sample of a deed of Assignment and Transfer of Rights of a real estate property. You may highlight the whole document - copy & paste on Microsoft Word. The names, dates, addresses and details of this Transfer of Rights Form should be changed to suit the parties in the agreement.
DEED OF ASSIGNMENT AND TRANSFER OF RIGHTS. KNOW ALL MEN BY THIS PRESENTS: This deed, made and entered into this 23rd of July 2019 at the City of Cebu, Philippines, by and between: (NAME OF ASSIGNOR), Filipino, of legal age, single/married to (Name of Spouse, if any) and a resident of (Address of Residence), hereinafter referred to as the ...
This deed assigns and transfers all rights, title, and interest in a property from the Assignor to the Assignee. Specifically, it assigns the Assignor's rights in a property located in Cebu according to the terms of an earlier Joint Venture Agreement between the two parties. The Assignor acknowledges receiving consideration of 1,000,000 Philippine pesos from the Assignee. Both parties agree to ...
A Deed of Assignment is a contract where the owner (the "assignor") transfers ownership over property to another person (the "assignee") by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property. 2. When do you need a Deed of Assignment?
This document is a Deed of Assignment and Transfer of Rights between an Assignor and Assignee. The Assignor is transferring all rights, title, and interest in a 2-bedroom condominium unit to the Assignee for 1 million pesos. Both parties have signed the agreement to formalize the transfer of the property and conform to the terms of the original Contract to Sell and condominium rules.
What is a Deed of Assignment? A Deed of Assignment is a contract where the owner (the "assignor") transfers ownership over property to another person (the "assignee") by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property.
Deed of Assignment and Transfer of Rights - Free download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or read online for free. Juan de la Cruz is assigning all rights and title to a 2-bedroom condominium unit located in Manila to Pedro San Juan. Juan acknowledges receiving 1 million pesos from Pedro in exchange. Pedro accepts the assignment and agrees to be bound by the terms of the ...
ate/Issued By known to me and to me known to be the same persons who executed the foregoing Deed of Assignment and acknowledged to me that the same is their free and volu. tary act and deed.WITNESS MY HAND AND SEAL, on the date and place f. rst above written. otary Publ.
Step 1: Determine whether a Judicial or Extrajudicial Settlement of Estate is Proper. There are two ways to settle the estate of the decedent. It can be done extrajudicially, or out of court, or ...
Deed of Assignment Successors Page 3 of 6 x-----x 3.4 That ASSIGNORS and their Agent have full power, authority and right to assign the public performing rights referred to in Clause 2.1 above to FILSCAP; 3.5 That the rights assigned herein are free from any lien or encumbrance;
Deed of Assignment and Transfer of Rights. KNOW ALL MEN BY THIS PRESENTS: This deed, made and entered into this ___ day of __________, 20__ at the City of Manila, by and between: (Name), Filipino Citizen, of legal age, married to Juanita de la Cruz with residence and postal address at (Address), hereinafter referred to as the " ASSIGNOR ".
Deed of Assignment (Shares of Stock) DEED OF ASSIGNMENT OF SHARES OF STOCK. KNOW ALL MEN BY THESE PRESENTS: This Deed of Assignment, made and executed this (Date) at (Place), by and between: (NAME OF ASSIGNOR), of legal age, Filipino, single/married, and resident of (Place of Residence), and hereinafter referred to as the "ASSIGNOR"; - in ...
Deed of Assignment sample - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. The document is a Deed of Assignment and Transfer of Rights between Mike Dagalangit Taratingan (Assignor) and Mamintal Ampuan Ambola (Assignee). The Assignor is assigning all rights and interest in a 120,000 square meter parcel of land in Marawi City to the Assignee ...
DEED OF ASSIGNMENT AND TRANSFER OF RIGHTS. KNOW ALL MEN BY THIS PRESENTS: This deed, made and entered into this ___ day of _____, 20 at the City of Manila, by and between: Juan de la Cruz, Filipino Citizen, of legal age, married to Juanita de la Cruz with residence and postal address at 1234 Oak Lane, Standard Subdivision, Quezon City, hereinafter referred to as the "ASSIGNOR"
Pursuant to Central Bank Circular Nos. 1102 and 1135, the ASSIGNOR hereby waive/s his/her/its/their rights under Republic Act No. 1405, as amended, relative to the confidentiality of bank deposits. IN WITNESS WHEREOF, the ASSIGNOR, (and the DEBTOR, in case of third-party-loan), has/have hereunto signed this deed at on . Assignor.
KNOW ALL MEN BY THESE PRESENTS: This DEED OF ASSIGNMENT (the "Assignment" or "Deed") duly executed by: The undersigned party/ies duly identified as the "ASSIGNOR" and/or "DEBTOR" set forth under Schedule "A" and made an integral part hereof; - in favor of -. ty, Philippines, hereinafter referred to as the "ASSIGNEE ...
This document is a deed of assignment and transfer of rights regarding a property located in Kawit, Cavite from Ivy M. Bartina-Esguerra (Assignor) to Meleza B. Ruiz-Kobayashi (Assignee). It details the consideration of PHP400,000 to be paid in installments. It also includes the assumption of the remaining mortgage, documents to be turned over, obligations to execute further documents to ...
The deed of assignment is the main document between the seller and buyer that proves ownership in favor of the seller. The party who is transferring his or her rights to the property is known as the "assignor," while the party who is receiving the rights is called the "assignee.". A deed of assignment is required in many different ...
Formats Word and PDF. Size 2 to 3 pages. Fill out the template. A Deed of Assignment of Stock Subscription is a written document used to transfer shares of stock of a corporation from the registered owner (the "assignor") to another person (the "assignee"). It should specify the names of the parties, the date of the transfer, the number of the ...
The document assigns and transfers all rights, title, and interest in a 2014 Isuzu ELF aluminum plate van from XXXXX Company to ABC Corp for 390,000 Philippine pesos. It describes the vehicle and acknowledges payment, transferring ownership and obligations of the original contract to sell to the new assignee ABC Corp. The document is signed and notarized, legally assigning rights over the ...
Account No. 111-222-333. Type of Shares: Common Shares. Number of Shares: 1000. Par Value: 1 peso/share. The ASSIGNEE hereby accepts the assignment. IN WITNESS WHEREOF, the parties have signed this deed on 7 July 2014 at Pasay City, Philippines. MARIA S. SANTOS MARIO C. CRUZ. ASSIGNOR ASSIGNEE. SIGNED IN THE PRESENCE OF:
Deed of Assignment Sample - Philippines - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. This 3 sentence summary provides the key details from the Deed of Assignment document: The document assigns shares of stock from an Assignor to an Assignee. It details the number of shares being transferred, the purchase price paid, and the process for ...