The Installment Land Sale Contract is a crucial document in Philippine real estate transactions where buyers seek to purchase property through periodic payments rather than a single lump sum. This contract type is specifically regulated under Philippine law, particularly the Maceda Law (RA 6552), which provides substantial protections for buyers in installment sales of real estate. The document is commonly used in both residential and commercial property transactions, particularly in situations where traditional bank financing may not be available or desired. It includes detailed provisions for payment terms, default scenarios, property maintenance, and eventual transfer of title, while ensuring compliance with local property laws and registration requirements. The contract's structure addresses both the seller's security interests and the buyer's rights to eventual ownership, making it a balanced instrument for long-term property sales arrangements in the Philippine context.

1. Parties: Identification and details of the Seller and Buyer, including complete legal names, addresses, and tax identification numbers

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

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Purchase Price', 'Installment Payments', 'Default', etc.

4. Property Description: Detailed description of the property including lot number, location, boundaries, area, and title certificate number

5. Purchase Price and Payment Terms: Total purchase price, down payment amount, number of installments, payment schedule, and interest rate if applicable

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

7. Buyer's Rights and Obligations: Including rights under Maceda Law, maintenance responsibilities, and restrictions on property use during the installment period

8. Seller's Rights and Obligations: Including obligation to maintain clear title, right to inspect property, and obligations upon full payment

9. Default and Remedies: Consequences of default, grace periods as per Maceda Law, and remedies available to both parties

10. Transfer of Title: Process and conditions for the transfer of title upon full payment

11. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction-related expenses

12. Representations and Warranties: Standard declarations by both parties regarding their capacity to contract and property condition

13. Governing Law: Specification of Philippine law as governing law and reference to relevant statutes

14. Execution: Signature blocks, notarization requirements, and witness provisions