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The Installment Sales Contract (Real Estate) is essential for property transactions in the Philippines where buyers opt to purchase real estate through periodic payments rather than a single lump sum. This document type is commonly used by real estate developers, individual property sellers, and buyers who prefer or require flexible payment terms. The contract must comply with Philippine laws, particularly the Maceda Law (RA 6552), which provides specific protections for buyers in installment sales. It includes detailed provisions for payment terms, property descriptions, default remedies, and transfer of title conditions. The document is particularly relevant in the Philippine market where installment purchases are common in both residential and commercial real estate transactions, helping make property ownership more accessible while providing legal protection for all parties involved.

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

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

3. Definitions: Definitions of key terms used throughout the contract, including technical and legal terminology

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

5. Purchase Price and Payment Terms: Total purchase price, down payment amount, installment amounts, payment schedule, and interest rate

6. Mode of Payment: Specified methods of payment, payment locations or accounts, and payment verification process

7. Rights and Obligations of the Seller: Seller's commitments, including property maintenance until full payment, tax obligations, and document processing

8. Rights and Obligations of the Buyer: Buyer's commitments, including payment obligations, property maintenance after possession, and compliance with regulations

9. Default and Remedies: Consequences of default, grace periods under Maceda Law, and available legal remedies for both parties

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

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

12. Notices: Process and addresses for sending formal notices between parties

13. Governing Law: Specification of Philippine law as governing law and relevant statutory references

14. Execution: Signature blocks and notarization requirements