Residential Purchase Contract Template for Philippines

1. Broker Involvement: Details of real estate broker involvement and commission arrangements, included when a licensed broker is involved

2. Mortgage Contingency: Conditions related to buyer's mortgage financing, included when purchase depends on mortgage approval

3. Property Management During Transition: Arrangements for property maintenance between contract signing and closing, needed for occupied properties

4. Tenant Rights: Provisions regarding existing tenants, included when property is currently leased

5. Homeowners Association: Terms related to homeowners association membership and fees, included for properties within subdivisions or condominiums

6. Construction Completion: Terms for completion of ongoing construction or repairs, included for properties under construction or requiring specific repairs

7. Foreign Ownership Compliance: Special provisions ensuring compliance with foreign ownership restrictions, included when buyer is non-Filipino

1. Schedule A - Property Details: Detailed technical description of the property, including lot plan and boundaries

2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and dates

3. Schedule C - Property Inventory: List of fixtures, fittings, and other items included in the sale

4. Schedule D - Outstanding Requirements: List of documents and requirements needed for closing

5. Schedule E - Property Photographs: Recent photographs of the property and its current condition

6. Appendix 1 - Property Title: Copy of the current property title

7. Appendix 2 - Tax Declarations: Copies of current real property tax declarations

8. Appendix 3 - Building Permits: Copies of building permits and certificates of occupancy where applicable