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The Installment Sale Agreement Property is a crucial document in Philippine real estate transactions where buyers opt to purchase property through periodic payments rather than a full upfront payment. This agreement type is specifically regulated under Philippine law, particularly the Maceda Law (RA 6552) and the Civil Code, which provide substantial protections for buyers. The document is commonly used in both residential and commercial property sales, subdivision lot purchases, and condominium unit acquisitions. It must include specific provisions about payment terms, default remedies, and buyer's rights to refunds as mandated by law. The agreement serves as the primary contract between seller and buyer until full payment is made and the final Deed of Absolute Sale is executed.

1. Parties: Identifies and provides complete details of the Seller and Buyer, including their legal capacity to enter into the agreement

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

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, location, boundaries, and title details

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

6. Mode of Payment: Specifies acceptable payment methods and where/how payments should be made

7. Title and Ownership: Details when and how title will transfer, and conditions for the execution of the Deed of Absolute Sale

8. Rights and Obligations of the Seller: Seller's commitments, warranties about the property, and ongoing obligations

9. Rights and Obligations of the Buyer: Buyer's commitments, including maintenance responsibilities and usage restrictions

10. Default and Remedies: Consequences of default, grace periods, and remedies as per Maceda Law requirements

11. Taxes and Expenses: Allocation of tax responsibilities and other costs related to the sale

12. Insurance: Requirements for property insurance during the installment period

13. General Provisions: Standard clauses including governing law, amendments, and severability

14. Execution: Signature blocks and notarization requirements