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  • Maceda Law

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    Nicole Oliveros
    6 Ansichten1 Seite
    This document establishes rights for buyers of real estate purchased under an installment contract. It provides the following key points: 1. The buyer has the right to pay installments without additional interest, fixed at the rate of one month's grace period for every year of installments paid. 2. If the contract is cancelled, the seller must refund the cash surrender value of payments made equivalent to 50% of total payments after 5 years of installments, plus an additional 5% each year but not exceeding 90%. 3. The buyer can sell their rights or assign the contract by notarial act. The deed of sale or assignment is effective after 30 days of notice of cancellation or demand for rescission of the contract

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    Maceda Law

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    This document establishes rights for buyers of real estate purchased under an installment contract. It provides the following key points: 1. The buyer has the right to pay installments without additional interest, fixed at the rate of one month's grace period for every year of installments paid. 2. If the contract is cancelled, the seller must refund the cash surrender value of payments made equivalent to 50% of total payments after 5 years of installments, plus an additional 5% each year but not exceeding 90%. 3. The buyer can sell their rights or assign the contract by notarial act. The deed of sale or assignment is effective after 30 days of notice of cancellation or demand for rescission of the contract

    Copyright:

    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    6 Ansichten1 Seite

    Maceda Law

    Hochgeladen von

    Nicole Oliveros
    This document establishes rights for buyers of real estate purchased under an installment contract. It provides the following key points: 1. The buyer has the right to pay installments without additional interest, fixed at the rate of one month's grace period for every year of installments paid. 2. If the contract is cancelled, the seller must refund the cash surrender value of payments made equivalent to 50% of total payments after 5 years of installments, plus an additional 5% each year but not exceeding 90%. 3. The buyer can sell their rights or assign the contract by notarial act. The deed of sale or assignment is effective after 30 days of notice of cancellation or demand for rescission of the contract

    Copyright:

    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
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