Affidavit of Transfer of Rights: Meaning, Purpose, and Sample Form
An Affidavit of Transfer of Rights is a sworn legal document in which an individual (the transferor) formally assigns, transfers, or relinquishes their rights, interest, or claim over a property, contract, or asset to another person (the transferee). This affidavit is commonly used in real estate transactions, land rights, housing units, vehicles, business interests, tenancy, and other ownership or contractual rights.
This affidavit serves as legal proof that the transferor willingly cedes their rights to the transferee, often for considerations such as payment, settlement, inheritance, or mutual agreement. It may be required by developers, banks, the Registry of Deeds, homeowners’ associations, or government agencies as part of documentation or title processing.
When Is an Affidavit of Transfer of Rights Used?
The affidavit is typically executed for:
- Transfer of real estate rights (lots, houses, condos).
- Assignment of rights in subdivision or housing projects.
- Transfer of vehicle rights pending full ownership or registration.
- Transfer of contract rights in business or tenancy.
- Settlement of estate matters involving heirs.
- Voluntary cession of interest in a property or agreement.
Supporting documents may include contracts, receipts, IDs, tax declarations, and proof of payment.
What Should Be Included in an Affidavit of Transfer of Rights?
A complete affidavit should contain:
- Full details of the transferor and transferee.
- Description of the property or rights being transferred.
- Reason or basis of the transfer.
- Statement confirming voluntary transfer.
- Details of payment or consideration, if applicable.
- Acknowledgment that rights are ceded without future claims.
- Signatures and notarization.
This affidavit must be notarized to be legally binding and officially recognized.
Sample Affidavit of Transfer of Rights (Editable Template)
Below is a professionally structured template. Replace all bracketed fields with the correct information before printing and notarization.
REPUBLIC OF THE PHILIPPINES
[CITY / MUNICIPALITY]
[PROVINCE]
AFFIDAVIT OF TRANSFER OF RIGHTS
I, [FULL NAME OF TRANSFEROR], of legal age, [citizenship], [civil status], and residing at [complete address], after being duly sworn in accordance with law, hereby freely and voluntarily execute this Affidavit of Transfer of Rights and state the following:
1. That I am the lawful holder of rights and interests over the following property/contract/asset:
• Type of Property/Right: [e.g., residential lot, condo unit, vehicle, business contract]
• Project/Location/Description: [details]
• Reference/Contract/Unit/Plate No.: [details]
• Other Identifying Information: [details]
2. That I hereby transfer, assign, convey, and relinquish all my rights, interests, and claims over the above-described property/contract/asset to [FULL NAME OF TRANSFEREE], of legal age, [citizenship], residing at [complete address].
3. That this transfer is made on the basis of [state consideration: payment, settlement, inheritance, voluntary transfer, agreement].
4. That effective immediately, I waive and relinquish any future claims or interest regarding the said property/contract/asset, and recognize [name of transferee] as the new lawful holder of the rights transferred.
5. That I am executing this Affidavit of Transfer of Rights to comply with the requirements of [developer/agency/bank/Registry of Deeds] and for any legal purpose it may serve.
IN WITNESS WHEREOF, I have hereunto set my hand this [day] day of [month, year] at [place of execution].
_________________________________
[FULL NAME OF TRANSFEROR]
Transferor
SUBSCRIBED AND SWORN to before me this [day] of [month, year] at [place], affiant presenting the following valid ID:
ID Type and Number: [ID details]
Date & Place of Issuance: [details]
_________________________________
NOTARY PUBLIC
Doc. No. _____;
Page No. _____;
Book No. _____;
Series of _____.
Disclaimer: This template is for general guidance only. Requirements may vary depending on agencies, developers, or legal jurisdictions. Consult a lawyer for specific property or contractual matters.