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A Cash Sale Real Estate Contract is essential for documenting and executing immediate payment property transactions in the Philippines. This document is specifically used when the buyer intends to pay the full purchase price in cash upon closing, rather than through installment payments. The contract must comply with Philippine Civil Code requirements, property registration laws, and local government regulations. It includes comprehensive details about the property, parties involved, purchase price, warranties, and closing requirements. The document is particularly important for ensuring clear title transfer, tax compliance, and protection of both parties' interests in the transaction. This type of contract is commonly used in both residential and commercial property transactions where financing is not required, and helps prevent future disputes by clearly documenting all aspects of the sale.

1. Parties: Identifies and provides complete details of the Seller and Buyer, including their legal names, civil status, addresses, and tax identification numbers

2. Background: Establishes the context of the transaction, including brief property description and parties' intention to enter into a cash sale

3. Definitions: Defines key terms used throughout the contract for clarity and legal certainty

4. Property Description: Detailed description of the real estate property, including lot number, technical description, boundaries, and title details

5. Purchase Price: States the total purchase price and terms of payment, including the method and timing of the cash payment

6. Representations and Warranties: Seller's warranties regarding property ownership, absence of liens, and authority to sell; Buyer's warranties regarding financial capacity

7. Conditions Precedent: Lists requirements that must be met before closing, including title verification and tax clearances

8. Closing and Transfer of Title: Details the process and requirements for closing the sale and transferring property title

9. Taxes and Expenses: Specifies responsibility for various taxes and fees associated with the sale

10. Risk and Insurance: Addresses transfer of risk and insurance requirements until closing

11. Default and Remedies: Outlines events of default and available remedies for both parties

12. Governing Law: Confirms Philippine law as governing law and specifies jurisdiction for disputes

13. Miscellaneous: Standard contract provisions including severability, entire agreement, and amendments