Master RA 6552 (Maceda Law / Realty Installment Buyer Act). Learn the grace period formula, cash surrender value computation, cancellation procedures, assignment rights, and void contract clauses. explained in plain language with real-world scenarios.
RA 6552 protects installment buyers of real property after 2+ years of payments. Excludes industrial lots, commercial property, and bank-financed mortgages.
Master the Maceda Law grace period formula for buyers who have paid at least two years of installments. Learn how the grace period is calculated and the once-every-five-years limitation.
RA 6552 cash surrender value = 50% of total payments base, +5% per year after 5 years, capped at 90%. Available to buyers who paid 2+ years of installments.
Understand the rights of buyers who have paid less than two years of installments under RA 6552 Section 4. Learn about the 60-day grace period and the cancellation procedure.
Learn about the buyer's right to sell or assign their contract rights, reinstate a defaulted contract, and the requirement for notarial deeds of assignment under RA 6552 Section 5.
Learn about the buyer's right to pay in advance without interest and how the Maceda Law nullifies any contract clause that attempts to override its protections.