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1. Parties: Identification of the Seller and Buyer with complete details including names, addresses, tax identification numbers, and civil status as required under Philippine law
2. Background: Context of the agreement, including the Seller's ownership of the property and Buyer's intention to purchase
3. Definitions: Key terms used in the agreement including 'Advance Payment', 'Property', 'Completion Date', and 'Purchase Price'
4. Property Details: Complete description of the land including location, boundaries, area, and title certificate number
5. Advance Payment Terms: Amount of advance payment, payment method, and timing of payment
6. Purchase Price and Balance Payment: Total purchase price, balance payment schedule, and method of payment
7. Seller's Representations and Warranties: Seller's declarations regarding property ownership, absence of liens, and authority to sell
8. Conditions for Sale: Prerequisites and conditions that must be met before the sale can be completed
9. Timeline and Completion: Schedule for completing the full purchase transaction and transfer of title
10. Default and Remedies: Consequences of default by either party and available remedies
11. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes
1. Broker Provisions: Include when a real estate broker is involved in the transaction, detailing broker's role and compensation
2. Property Inspection: Include when the buyer requires specific inspection rights before completion
3. Incremental Payment Schedule: Include when the advance payment will be made in multiple installments
4. Tax Provisions: Include detailed tax arrangements when complex tax implications exist
5. Force Majeure: Include when parties want specific provisions for unforeseen circumstances
6. Assignment Rights: Include when either party may need to assign their rights under the agreement
1. Schedule 1 - Property Description: Detailed technical description of the property including lot plan, technical boundaries, and TCT details
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment amounts and dates
3. Schedule 3 - Required Documents: List of documents required from both parties for completion
4. Schedule 4 - Title Requirements: Specific requirements for clean title transfer
5. Appendix A - Property Documents: Copies of relevant property documents including tax declarations and surveys
6. Appendix B - Authority Documents: Corporate or legal documents proving authority to sell/buy if applicable
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