Ƶ

Owner Finance Real Estate Contract for Philippines

Owner Finance Real Estate Contract Template for Philippines

A legally binding agreement governed by Philippine law that facilitates a real estate purchase where the property seller provides direct financing to the buyer, eliminating the need for traditional bank financing. This contract type is subject to various Philippine regulations including the Civil Code, Maceda Law, and Property Registration Decree, providing specific protections for both parties. The document outlines payment terms, interest rates, amortization schedules, property transfer conditions, and default remedies while ensuring compliance with local property laws and registration requirements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Owner Finance Real Estate Contract

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Owner Finance Real Estate Contract?

The Owner Finance Real Estate Contract is utilized in the Philippines when traditional bank financing is either unavailable or undesirable for property purchases. This document, governed by Philippine law, creates a direct financial arrangement between the property seller and buyer, allowing for more flexible terms than conventional mortgages. It includes comprehensive provisions for payment schedules, interest calculations, property maintenance responsibilities, and eventual title transfer, while ensuring compliance with the Maceda Law (RA 6552) and other relevant Philippine legislation. The contract is particularly valuable for transactions involving buyers who may not qualify for traditional bank loans, or in situations where sellers prefer to earn interest income while retaining title until full payment is received. It provides security for the seller through title retention while offering the buyer immediate possession and use of the property.

What sections should be included in a Owner Finance Real Estate Contract?

1. Parties: Identification of the Seller/Financier and Buyer with complete legal names and addresses

2. Background: Context of the transaction, including brief property description and parties' intention to enter into owner-financing arrangement

3. Definitions: Key terms used throughout the agreement including Property, Purchase Price, Down Payment, Monthly Payments, etc.

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

5. Purchase Price and Payment Terms: Total purchase price, down payment, interest rate, amortization schedule, and payment mechanics

6. Security and Ownership: Provisions regarding title retention by seller until full payment, creation of real estate mortgage, and transfer conditions

7. Rights and Obligations: Detailed responsibilities of both parties during the finance period

8. Insurance and Taxes: Requirements for property insurance and responsibility for real property taxes

9. Default and Remedies: Consequences of payment default, grace periods, and remedies including Maceda Law provisions

10. Property Maintenance and Use: Buyer's obligations regarding property maintenance and permitted use during the finance period

11. Transfer of Title: Process and conditions for the eventual transfer of property title to the buyer

12. Governing Law and Jurisdiction: Specification of Philippine law application and jurisdiction for disputes

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

What sections are optional to include in a Owner Finance Real Estate Contract?

1. Existing Tenancies: Required if the property has current tenants, describing lease arrangements and transition

2. Property Condition Acknowledgment: Detailed when selling property as-is or with known defects

3. Early Payment Provisions: Include when allowing early payment options with specified discounts or conditions

4. Co-Buyer or Guarantor: Required when there is a co-buyer or third-party guarantor involved

5. Property Management: Needed for properties in subdivisions or condominiums with association requirements

6. Construction or Renovation Terms: Include if property requires or permits specific improvements during the finance period

7. Business Use Provisions: Required if property will be used for business purposes

8. Death or Incapacity Provisions: Optional provisions for succession or transfer in case of death or incapacity

What schedules should be included in a Owner Finance Real Estate Contract?

1. Schedule A - Property Details: Comprehensive property description, including technical details, boundaries, and improvements

2. Schedule B - Payment Schedule: Detailed amortization table showing all payments, interest, and principal allocation

3. Schedule C - Property Condition Report: Detailed assessment of property condition at time of agreement

4. Schedule D - Deed of Restrictions: Any restrictions on property use from subdivision or local regulations

5. Schedule E - Tax Certificates: Current tax declarations and certificates of no tax delinquency

6. Appendix 1 - Property Documents: Copies of title, tax declarations, and other relevant property documents

7. Appendix 2 - Insurance Requirements: Detailed insurance specifications and requirements

8. Appendix 3 - Property Photos: Photographic documentation of property condition at time of agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions














































Clauses



































Relevant Industries

Real Estate

Property Development

Banking and Finance

Legal Services

Property Management

Construction

Housing and Development

Investment and Asset Management

Relevant Teams

Legal

Real Estate

Property Management

Finance

Compliance

Risk Management

Investment

Operations

Documentation

Business Development

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Real Estate Agent

Legal Counsel

Property Developer

Financial Advisor

Investment Manager

Contract Administrator

Title Officer

Real Estate Investment Consultant

Property Valuation Specialist

Compliance Officer

Risk Manager

Real Estate Portfolio Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Collateral Agreement (Real Estate)

A Philippine law-governed agreement establishing real estate as collateral for securing financial obligations, with provisions for registration and enforcement.

find out more

Home Buyout Agreement

A legally binding agreement under Philippine law for the purchase and transfer of residential property, detailing sale terms and transfer conditions.

find out more

Home Purchase And Sale Agreement

A legally binding agreement under Philippine law for the sale and purchase of residential property, defining terms, conditions, and obligations of both parties.

find out more

Lease Agreement With Option To Purchase (Real Estate)

A Philippine law-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both temporary use and potential acquisition of real estate.

find out more

Finders Fee Agreement (Real Estate)

A Philippine law-compliant agreement establishing terms for compensating individuals who introduce potential buyers/lessees to property owners, structured in accordance with RESA requirements.

find out more

Installment Sales Contract (Real Estate)

A Philippine law-compliant contract for the sale of real estate property through installment payments, incorporating Maceda Law protections.

find out more

Side Agreement (Real Estate)

A supplementary agreement modifying or clarifying terms of a main real estate contract under Philippine law.

find out more

Novation Agreement (Real Estate)

A Philippine law-governed agreement that substitutes one party in a real estate contract with another party, transferring all related rights and obligations.

find out more

License Agreement (Real Estate)

A Philippine law-governed agreement establishing terms for temporary property use rights between a property owner and user.

find out more

Equity Sharing Agreement (Real Estate)

A Philippine law-governed agreement establishing shared ownership rights and responsibilities in real estate property, including capital contributions, profit-sharing, and management terms.

find out more

Corporate Lease For Residential Property

A Philippine-law governed lease agreement for corporate entities renting residential properties, incorporating corporate tenancy requirements and local property regulations.

find out more

Wholesale Purchase And Sale Agreement

A Philippine law-governed agreement establishing terms for wholesale purchase and sale of goods between commercial parties, including pricing, delivery, and quality standards.

find out more

Contract For Houses And Residential Land

A Philippine law-compliant contract for the sale and purchase of residential property, including both house and land components.

find out more

Contract For Selling A House

A legally binding agreement under Philippine law for the sale and transfer of residential property ownership, detailing terms, conditions, and obligations of both parties.

find out more

Area Purchase Contract

A Philippine law-governed contract for the purchase and sale of land area, detailing terms of property transfer and ownership rights.

find out more

Real Estate Offer And Acceptance Contract

A Philippine law-governed contract documenting the terms and conditions of a real estate purchase offer and its acceptance.

find out more

Property Easement Agreement

A legal agreement under Philippine law establishing rights to use another's property for specific purposes, detailing terms, conditions, and obligations of all parties involved.

find out more

Contract To Sell Land

A Philippine law-governed agreement for the conditional sale of land, where title transfer occurs upon full payment completion.

find out more

Residential Condominium Contract

A Philippine law-compliant contract for the sale and purchase of a residential condominium unit, outlining terms, conditions, and obligations of all parties involved.

find out more

Land Development Agreement

A Philippine law-governed agreement establishing terms and conditions between property owners and developers for land development projects.

find out more

Joint Venture Property Development Agreement

A Philippine law-governed agreement establishing a joint venture between parties for real estate property development, covering ownership, responsibilities, and regulatory compliance.

find out more

Purchase Agreement For House For Sale By Owner

A Philippine law-governed agreement for the direct sale of residential property between private seller and buyer, without real estate agent involvement.

find out more

Private Sale Real Estate Contract

A Philippine law-governed contract for the private sale and transfer of real estate property between parties, detailing terms, conditions, and obligations of the sale.

find out more

Commercial Contract Unimproved Property

Philippine law-governed contract for the sale and purchase of unimproved commercial property, incorporating local property regulations and transfer requirements.

find out more

Agreement Between Buyer And Commission Agent

A Philippine law-governed agreement establishing terms between a buyer and commission agent, defining commission structures and responsibilities.

find out more

Assignable Purchase Contract

A Philippine law-governed purchase agreement that allows for the transfer of contractual rights and obligations to third parties.

find out more

Standard Lease Agreement For House Rental

A standardized residential lease agreement template for house rentals in the Philippines, compliant with local housing laws and regulations.

find out more

Buyer Exclusive Agreement

A Philippine law-governed agreement establishing exclusive representation rights between a property buyer and their chosen real estate broker for property acquisition services.

find out more

Real Estate Reservation Agreement

A Philippine law-compliant agreement establishing terms for reserving real estate property, including reservation fee, period, and payment terms.

find out more

Property Tenancy Agreement

A legally binding agreement under Philippine law establishing terms and conditions for property rental between landlord and tenant.

find out more

Houses For Sale Contract For Deed

A Philippine-law governed agreement for selling houses through installment payments, where the seller retains title until full payment is received.

find out more

Personal Property Agreement

A legal document governed by Philippine law that establishes terms and conditions for transferring ownership of personal property between parties.

find out more

For Sale By Owner Sales Contract

A legally binding agreement for direct property sales between owners and buyers in the Philippines, without real estate agent involvement.

find out more

Basic Real Estate Contract

A standardized real estate purchase agreement under Philippine law that documents property transfer terms and conditions between buyer and seller.

find out more

Private Mortgage Agreement

A legally binding agreement under Philippine law where real property is offered as security for a loan, detailing terms between borrower and lender.

find out more

Real Estate Swap Agreement

A Philippine law-governed agreement facilitating the exchange of real estate properties between parties, including terms, conditions, and compliance requirements.

find out more

Contract For Sale And Purchase

A Philippine law-governed agreement documenting the transfer of ownership of property or goods from seller to buyer for agreed consideration.

find out more

Real Estate Offer Contract

A Philippine law-compliant contract presenting a formal offer to purchase real estate property, specifying transaction terms and conditions.

find out more

Owner Finance Real Estate Contract

A Philippine law-compliant contract for seller-financed real estate transactions, establishing terms for property purchase, payment, and ownership transfer.

find out more

Condo Purchase Agreement

A Philippine law-governed agreement for the purchase and sale of a condominium unit, detailing terms, conditions, and obligations of all parties involved.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it