The Reservation Agreement pertains to the agreement that focuses on the terms and conditions on the payment of reservation fee. This is actually the first step that is necessary because it stipulates that when the buyer does not proceed to sign the contract to sell, or for whatever reason does not pursue with the purchase, the buyer agrees that the reservation fee will be forfeited. The Contract to Sell - pertains to the entire Total Contract Price stipulating the terms and conditions of payment and the description of the unit purchased. This is the contract that will be used as legal basis on the right of the buyer to demand a DEED OF SALE when the property is fully paid. The Deed of Sale or Deed of Absolute Sale, is the final contract that will be required by the Register of Deeds for the transfer of ownership. In case of purchase by installment, this will come later when the unit is fully paid; this deed of sale will be the basis for the issuance of the Transfer Certificate of Title (TCT) in case of lot purchase or Condominium Certificate of title (CCT) in case of Condominium unit purchase to be transferred in the name of the buyer which is the final and strongest proof of ownership.