The Mobile Home Purchase Agreement serves as a comprehensive legal instrument for documenting the sale and purchase of mobile homes in the Philippines. This document is essential when transferring ownership of a mobile home, whether new or pre-owned, and must comply with Philippine property laws, including the Civil Code and Consumer Act. It is particularly important as it addresses unique aspects of mobile home transactions that aren't covered in standard real estate contracts, such as delivery, installation, and specific warranties. The agreement protects both parties by clearly defining their rights and obligations, purchase terms, payment conditions, and property specifications. It's commonly used by individual buyers, mobile home dealers, and property developers, and may also be required by financial institutions when financing is involved. The document should be tailored to meet specific requirements of local government units and mobile home park regulations where applicable.
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1. Parties: Identification of the seller and buyer with complete details including names, addresses, and contact information
2. Background: Context of the transaction and brief description of the mobile home being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the mobile home including make, model, year, serial number, dimensions, and current condition
5. Purchase Price: Total purchase price and breakdown of costs including any taxes or additional fees
6. Payment Terms: Payment schedule, method of payment, and consequences of default
7. Delivery and Installation: Terms regarding the delivery, setup, and installation of the mobile home at the designated location
8. Title and Registration: Process and responsibilities for transferring title and registering the mobile home
9. Warranties and Representations: Warranties provided by the seller and representations made by both parties
10. Inspection and Acceptance: Buyer's right to inspect the mobile home and conditions for acceptance
11. Risk and Insurance: Transfer of risk and insurance requirements during transport and after installation
12. Default and Remedies: Actions constituting default and available remedies for both parties
13. Governing Law: Specification of Philippine law as governing law and jurisdiction
14. Miscellaneous: Standard provisions including entire agreement, amendments, and severability
1. Financing Contingency: Terms related to the buyer's ability to secure financing, used when the purchase is contingent on obtaining a loan
2. Site Preparation: Requirements for preparing the installation site, included when the buyer is responsible for site preparation
3. Utility Connections: Specifications for utility connections and responsibilities, included when utilities are part of the installation
4. Trade-In Terms: Terms related to trading in an existing mobile home, included when there is a trade-in component
5. Community Rules: Reference to mobile home park rules and regulations, included when the home will be located in a mobile home community
6. Escrow Arrangements: Terms for handling funds through escrow, included when using escrow services
7. Broker Provisions: Terms related to broker involvement and commissions, included when brokers are involved in the transaction
1. Schedule A - Property Specifications: Detailed technical specifications of the mobile home including floor plan, features, and appliances included
2. Schedule B - Inspection Report: Pre-purchase inspection report detailing the condition of the mobile home
3. Schedule C - Payment Schedule: Detailed breakdown of payment installments and due dates if applicable
4. Schedule D - Delivery Plan: Transportation and delivery details including route, timing, and special requirements
5. Schedule E - Warranties: Copies of manufacturer's warranties and any additional warranties provided
6. Appendix 1 - Photographs: Current photographs of the mobile home's exterior and interior
7. Appendix 2 - Title Documents: Copies of current title documentation and registration papers
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Housing and Construction
Mobile Home Manufacturing
Financial Services
Insurance
Legal Services
Property Development
Residential Services
Relevant Teams
Legal
Real Estate Sales
Property Management
Contract Administration
Compliance
Finance
Risk Management
Customer Service
Operations
Documentation
Relevant Roles
Real Estate Agent
Property Manager
Legal Counsel
Housing Development Manager
Sales Manager
Finance Manager
Contract Administrator
Compliance Officer
Mobile Home Dealer
Property Developer
Insurance Underwriter
Escrow Officer
Title Officer
Housing Loan Officer
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