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The Real Estate Installment Sales Contract is a crucial document in Philippine property transactions where buyers opt for periodic payments rather than immediate full payment. This contract type is specifically designed to comply with Philippine real estate laws, including the Maceda Law (RA 6552) which provides protection for buyers in installment sales, and Presidential Decree No. 957 which regulates real estate development and sales. The document is commonly used in both residential and commercial property transactions, providing a structured framework for installment purchases while ensuring legal compliance and protection for all parties involved. It includes essential elements such as property description, payment terms, interest rates, default provisions, and conditions for title transfer, making it a comprehensive instrument for managing long-term real estate sales transactions in the Philippines.

1. Parties: Identification of the Seller and Buyer with complete details including names, civil status, addresses, and tax identification numbers

2. Background: Context of the sale, including brief description of the property and parties' intention to enter into an installment sale arrangement

3. Definitions: Definitions of key terms used throughout the contract including Property, Purchase Price, Installment Payments, etc.

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

5. Purchase Price: Total purchase price of the property and breakdown of payment components

6. Payment Terms: Detailed structure of installment payments including down payment, monthly installments, due dates, and payment methods

7. Interest Rate: Specified interest rate for the installment plan and computation method

8. Default and Remedies: Consequences of payment default and remedies available to both parties, including Maceda Law provisions

9. Transfer of Title: Conditions and process for the transfer of property title upon completion of payments

10. Representations and Warranties: Seller's warranties regarding property ownership, absence of liens, and other guarantees

11. Rights and Obligations: Specific rights and obligations of both parties during the installment period

12. Taxes and Expenses: Allocation of taxes, registration fees, and other transaction-related expenses

13. Governing Law: Specification of Philippine law as governing law and relevant jurisdictional provisions

14. Execution: Signature blocks and notarization requirements