Maceda Law Essentials: Installment Buyer Protection
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.
6 lessons · 39 min total reading · Free
What You'll Learn
- Identify which transactions are covered by the Maceda Law and which are excluded
- Calculate the grace period for buyers with 2+ years of installments paid
- Compute the Cash Surrender Value (50-90% refund) upon contract cancellation
- Understand the basic protections for buyers with less than 2 years of payments
- Know the buyer's rights to sell, assign, or reinstate a defaulted contract
- Recognize void contract clauses that attempt to override Maceda Law protections
Lessons
- 16 min
Maceda Law Coverage Philippines: Who Qualifies (RA 6552)
RA 6552 protects installment buyers of real property after 2+ years of payments. Excludes industrial lots, commercial property, and bank-financed mortgages.
- 27 min
Grace Period Rights (2+ Years Paid)
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.
- 38 min
Maceda Law Cash Surrender Value: 50%+ Refund Computation
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.
- 46 min
Less Than Two Years Paid: Basic Protections
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.
- 56 min
Right to Sell, Assign & Reinstate
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.
- 66 min
Advance Payments & Void Contract Clauses
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.