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The Cancellation Of Property Purchase Letter is a crucial document in Philippine real estate transactions when a buyer needs to formally terminate a property purchase agreement. This document is typically used when circumstances prevent the completion of a property purchase, whether due to financing issues, discovery of property defects, or other valid reasons recognized under Philippine law. The letter must be carefully drafted to comply with the Civil Code of the Philippines and the Maceda Law, which provides specific protections for property buyers, including rights to refunds. It should clearly state the intention to cancel, reference the original purchase agreement, provide valid reasons for cancellation, and include any requests for refund of payments made. The document often serves as the first step in the formal cancellation process and may be required for legal proceedings or administrative purposes.

1. Sender's Details: Complete name, address, and contact information of the party requesting the cancellation

2. Date: Current date of the letter

3. Recipient's Details: Complete name, address, and contact information of the property seller/developer

4. Subject Line: Clear indication that this is a Property Purchase Cancellation Letter with reference numbers

5. Property Details: Specific details of the property including exact location, lot number, and any relevant property identifiers

6. Purchase Agreement Reference: Details of the original purchase agreement including date, contract number, and basic terms

7. Cancellation Statement: Clear statement of intention to cancel the property purchase with specific reasons

8. Refund Request: Specific details about the refund being requested, including amount and calculation basis as per Maceda Law

9. Closing: Professional closing statement with timeline for expected response

10. Signature Block: Space for signature, printed name, and contact information