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The Notice Of Termination Of Real Estate Contract is a crucial legal document used in Philippine real estate transactions when one party needs to formally end a real estate agreement. This document is essential when dealing with property sales, purchases, or leases that need to be terminated due to various reasons such as default in payment, breach of contract terms, or mutual agreement to end the contract. It must comply with Philippine legal requirements, including the Civil Code, Maceda Law (for installment sales), and relevant HLURB guidelines. The notice should be used when there are valid grounds for termination and should include specific details about the property, contract reference, grounds for termination, and any applicable refund or settlement terms. It's particularly important in protecting both parties' rights and ensuring proper documentation of the termination process under Philippine jurisdiction.

1. Letter Header: Complete contact information of the sender including name, address, and date

2. Recipient Details: Full name and address of the recipient (other party to the contract)

3. Subject Line: Clear indication that this is a Notice of Termination of Real Estate Contract with reference number

4. Contract Identification: Details of the real estate contract being terminated, including date of execution and property description

5. Statement of Termination: Clear and unequivocal statement of intention to terminate the contract

6. Grounds for Termination: Specific legal basis and factual reasons for contract termination

7. Effective Date: Specified date when the termination takes effect, considering any notice periods required by law

8. Legal Compliance Statement: Statement confirming compliance with relevant laws (e.g., Maceda Law if applicable)

9. Next Steps: Clear outline of required actions from both parties

10. Closing and Signature: Formal closing, name and signature of the sending party