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The Simple Land Purchase Contract is a fundamental legal document used in Philippine real estate transactions to formalize the agreement between a seller and buyer of land property. This document is essential when parties wish to enter into a binding agreement for the transfer of land ownership, whether for personal, commercial, or industrial purposes. It must comply with the Civil Code of the Philippines, the Property Registration Decree, and other relevant national and local regulations. The contract typically precedes the execution of the Deed of Absolute Sale and includes critical elements such as property description, purchase price, payment terms, conditions precedent, and closing requirements. It is particularly important in establishing clear rights and obligations of both parties while ensuring the transaction meets all legal requirements for land transfers in the Philippines.

1. Parties: Identification of the Seller and Buyer with complete legal names, civil status, citizenship, and addresses as required by Philippine law

2. Background: Brief context of the transaction and confirmation that the Seller is the rightful owner of the property

3. Definitions: Key terms used throughout the agreement including 'Property', 'Purchase Price', 'Closing Date', and other relevant terms

4. Property Description: Detailed legal description of the land including lot number, survey number, location, boundaries, and area as per title

5. Purchase Price: The agreed purchase price, payment terms, and method of payment

6. Terms of Payment: Schedule of payments, including any deposits, down payments, and balance payment arrangements

7. Conditions Precedent: Requirements that must be met before the sale can proceed, including title verification and tax clearances

8. Representations and Warranties: Seller's declarations regarding ownership, absence of liens, and property condition

9. Closing and Transfer of Title: Process and requirements for executing the deed of absolute sale and transferring title

10. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs

11. Default and Remedies: Consequences of breach and available remedies for either party

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

13. Execution: Signature blocks with requirements for witnesses and notarization