G.R. No. 196990 - ARTURO DELA CRUZ, SR., VS. MARTIN AND FLORA FANKHAUSER.R E S O L U T I O N - Supreme Court E-Library

Ruling

WHEREFORE , the foregoing premises considered, the appealed Decision dated May 27, 2003 of Branch 49 of the Regional Trial Court of Palawan and Puerto Princesa City in Civil Case No. 2143 is hereby SET ASIDE . A new one is ENTERED as follows: The plaintiff-appellants are ORDERED to pay (1) the balance of the purchase price amounting to P288,000.00 within 60 days from the finality of this Decision; and (2) rentals in arrears of P1,080.00 a month from January 1989 until full payment of balance of purchase price. On the other hand, the defendants-appellees are ORDERED to execute a deed of absolute sale in favor of the plaintiffs-appellants upon full payment of purchase price of the subject property and rentals in arrears. In case of failure to pay the balance of the purchase price with[in] 60 days from finality of this Decision, the plaintiffs-appellants are ordered (1) to vacate the subject property without need of further demand; and (2) to pay after deducting the downpayment of PI 62,000.00, rentals in arrears of PI,080.00 a month from January 1989 until possession is surrendered to the defendants-appellees. SO ORDERED.