The Unit Purchase Agreement serves as the primary legal instrument for property unit transactions in the Philippines, commonly used in both residential and commercial contexts. This document is essential when purchasing individual units in developments such as condominiums, office buildings, or similar properties. It must comply with Philippine laws, including the Civil Code, Condominium Act, and relevant local regulations. The agreement typically covers crucial aspects such as property details, payment terms, delivery conditions, warranties, and both parties' rights and obligations. It's particularly important in the Philippine real estate market where condominium and unit developments have become increasingly common, especially in urban areas. The document provides legal protection for both developers and buyers while ensuring transparency in property transactions.

1. Parties: Identifies and provides complete details of the Seller and Purchaser, including their legal names, addresses, and tax identification numbers

2. Background: Describes the context of the agreement, including brief details about the property development and the Seller's authority to sell

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Subject Matter of Sale: Detailed description of the unit being sold, including its location, area, and boundaries

5. Purchase Price: States the total purchase price, payment terms, and schedule of payments

6. Payment Terms: Detailed breakdown of payment structure, including reservation fee, down payment, and balance payment methods

7. Delivery and Acceptance: Specifies the timeline and conditions for unit delivery and acceptance procedures

8. Title Transfer: Details the process and requirements for transferring the title to the Purchaser

9. Taxes and Fees: Specifies which party is responsible for various taxes and fees related to the purchase

10. Warranties: Outlines the Seller's warranties regarding the unit's condition and title

11. Default and Remedies: Describes events of default and corresponding remedies for both parties

12. Governing Law and Jurisdiction: Specifies that Philippine law governs the agreement and designates jurisdiction for disputes

13. Notices: Specifies how formal notices between parties should be delivered and when they're deemed received

14. Miscellaneous Provisions: Includes standard provisions like severability, entire agreement, and amendments