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  Condo Guidelines & Requirements
  • CONDO GUIDELINES & REQUIREMENTS: (Direct sale from the developer)

    1. TERMS of PAYMENTS and CONDITIONS
  • Reservation Fee is to hold the particular unit (money can wire, bank to bank or remittance thru the account of the developer
  • Required Downpayment must be accomplished 15-30 days upon payment of Reservation Fee
  • Monthly Amortization shall start thirty (30) days from full payment of equity.
  • All amortization payments shall be covered with post-dated checks ( U.S. checks are also allowed for a 30-45 days clearing)
Condo Guidelines & Requirements
 
 
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  • All forms of payments to be made by the buyer shall be payable directly to the developer or Bank (if escrow account)and will be honored upon issuance of Official Receipts of monthly payments upon clearance of each post dated check
  • The buyer must be abide of guidelines of the Developer as stipulated in the Reservation Agreement


  • 2. DOCUMENTATION REQUIREMENTS:
  • Duly Accomplished Pro-forma Reservation Agreement Form and Buyers Information Sheet (1 copy)
  • Photo copy of latest of Community Tax Certificate or Passport
  • Postdated checks for the amortization of balance of purchase price
  • Special Power of Attorney (SPA) (if incase buyer is based in abroad & wants to authorized any representative in the Philippines )
  • (Note: above is a basic standard requirements, other developers asking for additional requirements, we will keep you posted on this matter)

    For Special Power of Attorney (S.P.A)please follow this Instruction:
  • Download S.P.A click this link http://phcondo.tripod.com/sitebuilderfiles/specialpowerofattorney.doc
  • Print 3 copies each page
  • Fill-up necessary blanks in the S.P.A draft & affix your signature
  • Snail Mail the duly accomplished S.P.A together with your Philippine Passport (photo copy) & 1 Pc. (2x2) I.D. Picture, at the address below;
  • (Note: other developers requires S.P.A to have it consularized at the Philippine Embassy. We will keep you posted on this matter)

    Note: Except for S.P.A All above requirements will be accomplished and sign by your representative here in the Philippines .
  • SUCCEEDING REQUIREMENTS (w/ balance):
    • Five (5) signed copies of Contract to Sell
    • One (1) signed copy of Deed of Restrictions (annex-A)

  • FINAL REQUIREMENTS (fully paid including Dues & other miscellaneous fees)
    • Five (5) signed copies of Deed of Absolute Sale
    • One (1) signed copies of Deed of Restrictions (annex-A)
 
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