Cancellation Of Condominium Contract Template for Philippines

1. Third Party Rights: Required when there are mortgages, liens, or other third-party interests in the property

2. Broker Provisions: Include when real estate brokers were involved in the original transaction and commission settlements are needed

3. Tax Implications: Add when there are specific tax consequences that need to be addressed

4. Dispute Resolution: Optional section specifying arbitration or mediation procedures if parties want to include specific dispute resolution mechanisms

5. Force Majeure Reference: Include if the cancellation is related to force majeure events from the original contract

6. Confidentiality: Add when parties wish to keep the terms of the cancellation private

1. Schedule A - Property Details: Detailed description of the condominium unit including unit number, floor area, and parking (if any)

2. Schedule B - Payment History: Detailed record of all payments made under the original contract

3. Schedule C - Refund Calculation: Detailed computation of refund amount as per Maceda Law including any applicable deductions

4. Schedule D - Original Contract: Copy of the original Condominium Sale Contract being cancelled

5. Appendix 1 - Required Notices: Copies of all notices exchanged between parties regarding the cancellation

6. Appendix 2 - Authority Documents: Corporate or board resolutions authorizing the cancellation (if applicable)