Time of Completion of the Project

Posted in QA on November 21st, 2010 by admin | 3 Comments »

The two most pressing questions an excited or anxious buyer would ask are: 1. When will the project be completed? 2. What are the facilities and amenities that go with my purchase of a unit? The project must be completed within one year from the date of the issuance of a License to Sell for the project. The HLURB may, however, fix a different period... ...read the full story

Questions Concerning Certificate of Registration/License To Sell

Posted in QA on November 14th, 2010 by admin | No Comments »

These questions came from the HLURB site: Where can a prospective buyer check whether a subdivision project has a Certificate of Registration and License to Sell He can check it with the Regional Office Of the HLURB which has jurisdiction of the place where the project is located. What is the remedy of a buyer to recover his payment upon knowing that... ...read the full story

What can be done when a buyer found out that the size of the lot in the Deed of Restrictions and Contract to Sell that he originally signed did not match with what is indicated in the title?

Posted in QA on November 7th, 2010 by admin | No Comments »

If the sale is on a per square meter basis and the area turns out to be smaller, the buyer is entitled to a reduction of the price. In the same way the area turns out to be bigger, the buyer should pay for the increase in area. In other case, the buyer may have opt to rescind the contract if he would not have bought the property had he known of... ...read the full story

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