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The Houses For Sale Contract For Deed is commonly used in the Philippines when traditional mortgage financing is not feasible or preferred. This contract type allows buyers to purchase property through installment payments while protecting sellers' interests by retaining title until full payment. The document must comply with Philippine laws, including the Civil Code, Maceda Law, and relevant real estate regulations. It's particularly useful for transactions involving private sellers, property developers, or real estate investors. The contract includes comprehensive details about the property, payment terms, default provisions, and conditions for title transfer, while incorporating specific legal requirements for Philippine real estate transactions. This document type provides a structured approach to property sales while ensuring legal compliance and protecting both parties' interests throughout the payment period.

1. Parties: Identifies and provides complete details of the Seller and Buyer, including their legal names, addresses, and civil status as required under Philippine law

2. Background: Establishes the context of the agreement, including the Seller's ownership of the property and the Buyer's intention to purchase

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Property Description: Detailed description of the property including lot number, block number, technical description, and certificate of title details

5. Purchase Price: States the total purchase price and how it was determined

6. Payment Terms: Specifies the down payment, monthly installments, payment schedule, and payment methods

7. Default and Remedies: Outlines what constitutes default and the remedies available to either party, incorporating Maceda Law provisions

8. Transfer of Title: Conditions for the transfer of title, including when and how the deed will be executed

9. Possession: Terms regarding the possession of the property during the payment period

10. Taxes and Expenses: Allocation of responsibility for various taxes, fees, and expenses

11. Representations and Warranties: Statements of fact by both parties regarding their capacity to enter into the agreement and the property's condition

12. Governing Law: Specifies that Philippine law governs the agreement

13. Dispute Resolution: Process for resolving disputes between parties

14. Execution: Signature blocks and notarization requirements