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Promissory Note for buying encroached property

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Arresto Menor

Question lang po, a buyer of a land owned by my mother encroached a portion of an adjoining land (up to 100 sqm), which is likewise owned by my mother. To settle the said encroachment, my mother and the buyer mutually agreed that the latter will just pay the portion of the land encroached. However, the buyer said he will be able to pay it only on October since it is the date that he will harvest from his farm.

The question is, what document should the parties execute so that the payment of the said property will be secured and ensure its payment on October? Is a Promissory Note sufficient document for the said transaction? Ang alam ko kasi sa utang lang ang PN. Thanks in advance.... Very Happy 

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Arresto Mayor
Contract to Sell

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