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The Contract For Sale Of House And Land is a crucial legal instrument in Philippine real estate transactions, used when transferring ownership of residential property including both built structures and the land they occupy. This document is essential for ensuring compliance with Philippine property laws, including the Civil Code, Property Registration Decree, and local government regulations. It is typically used in residential property transactions where both the house and land are being sold together, as opposed to condominium sales or land-only transactions. The contract must address specific Philippine legal requirements such as restrictions on foreign ownership, proper property documentation, tax obligations, and local zoning laws. It serves as the preliminary agreement that leads to the execution of the Deed of Absolute Sale and the eventual transfer of the property title at the Land Registration Authority.

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 property history and current ownership status

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the house and land, including exact measurements, boundaries, and title details

5. Purchase Price: Total purchase price, payment terms, and schedule of payments

6. Mode of Payment: Specific details about how payments will be made, including deposit requirements and final payment arrangements

7. Representations and Warranties: Seller's warranties about property ownership, absence of liens, and property condition

8. Conditions Precedent: Conditions that must be met before the sale can proceed, including title clearance and permit requirements

9. Closing and Transfer of Title: Process and timeline for executing deed of sale and transferring title

10. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs

11. Risk and Insurance: Transfer of risk and insurance requirements during the sale process

12. Default and Remedies: Consequences of default by either party and available remedies

13. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes

14. Notices: How formal notices between parties should be given and received

15. Execution: Signature blocks and execution requirements