Frequently Asked Questions

Purchasing real estate is an important venture that naturally, leads to many questions and inquiries. Robinsons Land values your trust and understands your need for information. To ease your home buying experience, we have provided a series of Frequently Asked Questions with their corresponding answers.

Disclaimer:

The details shown herein were prepared with utmost care and are presented in good facts. However, RLC gives no warranty and accepts no responsibility for the accuracy or the completeness of the FAQs. No reliance should be made by any buyer or prospective buyer on the FAQS. The buyer or prospective buyer should check for confirmation with the proper RLC authorized representatives. RLC reserves the right to make changes as it deems appropriate.

The contents of these FAQs should not be construed as legal advice. If legal advice or other expert assistance is required, the services of competent professionals should be sought.

In no event shall RLC and/or its stockholders, directors, officers and representatives be liable for any damage whatsoever arising out of or in connection with the use of this FAQs.

Frequently Asked Questions

Definition of Terms

Buyer’s Information Sheet – a form that contains client’s essential personal information like contact details, address and etc.

Condominium Certificate of Title (CCT) – a legal document which serves as an evidence of ownership over a condominium unit issued by the Land Registration Authority

Contract to Sell (CTS) – a contract governing a purchase of a specific Unit/House and lot whereby the terms and conditions of the sale, such as but not limited to the payment terms and transfer of ownership, are stated.

Deed of Absolute Sale (DAS) – a contract executed by the seller and the buyer whereby the seller unconditionally transfers to the buyer all its rights, interests and title to the property subject of the sale and the buyer thereby accepts it.

Letter of Guarantee (LOG) – a written guarantee from the bank that the buyer/s? has complied with the bank requirements for the release of loan to cover payment for any portion of the purchase price.

Real Estate Property Tax (REPT) – a tax levied by the Local Government Unit where the property
is situated

Reservation Agreement – a document executed by the buyer, declaring his intent to purchase a specific Unit/House and Lot, together with his payment of the Reservation Fee, and subject to the approval by RLC.

Reservation Agreement – a form that consists of property description, contract prices,
terms of payment and other terms and conditions that the client had agreed upon relative to the purchase of unit

Special Power of Attorney – an arrangement that grants authority to one person to act in behalf of another. The person giving authorization is called the principal while the person granted authorization to act in behalf of the principal is called attorney-in-fact. This should not be confused with the term attorney-at-law. An attorney-in-fact does not have to be a lawyer; often used when the principal is unable to act for himself because of illness, travel, disability, family problems that require immediate attention, and other similar instance. Through power of attorney, the attorney-in-fact can perform actions that the principal can such as withdrawing funds from your account, signing documents and contracts, and other financial & business actions.

Tax Declaration – a city or municipal document containing the lot/unit number, area, and location of the land/house/condominium unit as well as the name/s, address of the declarant.

Total Contract Price – the total amount to which a unit is priced before any applicable discount or rebate is applied

Transfer Certificate of Title (TCT) – a legal document which serves as an evidence of ownership over a parcel of land issued by the Land Registration Authority

Transfer Tax and Registration Expense – the fee assessed by the City Government for the transfer of title from RLC to the buyer/s’ name.

 

Unit Reservations

What are the requirements to reserve a unit?

  • For Individual Account:
    1. Filled up Reservation Application (form to be given by your Account Manager);
    2. Filled up Individual Buyer Information Sheet (BIS) – (for all buyers, spouse included, if married)
    3. Payment of Reservation Fee (either thru cash, check, remittance or auto-debit);
    4. *Note: If payment is made thru check, check should be made payable only to Robinsons Land Corporation. If payment is made thru cash, this should be made directly at the Robinsons Land Corporation’s cashier.
    5. Submission of valid government-issued ID with picture and signature (for all buyers, spouse included, if married);
    6. Submission of Tax Identification Number (TIN) ID (for all buyers, spouse included, if married);
    7. Submission of Community Tax Certificate (CTC) for the current calendar year or Valid Passport (for all buyers, spouse included, if married)
    8. Proof of Billing Address (should be the same address as indicated in the BIS).
    9. Signed Floor Plan/ Layout of the reserved Unit.
  • For Corporate Account:
    1. Filled up and signed Reservation Application by the duly authorized signatory/ies of the corporation;
    2. Filled up Corporate Buyer Information Sheet (BIS)
    3. Submission of the following corporate documents:
      1. Secretary’s Certificate/Board Resolution adopted by the members of the Board of Directors of the company allowing the company to purchase a property with RLC and designating the authorized signatories for and on behalf of the company (original copy);
      2. Articles of Incorporation and By-Laws (certified true copy);
      3. SEC Registration (certified true copy)
      4. Valid government-issued ID with picture and signature of the members of the Board of Directors, Corporate Secretary and authorized representatives/designated signatories;
      5. Tax Identification Number (TIN) ID of both the company and its authorized representative/designated signatories;
      6. Community Tax Certificate (CTC) for the current calendar year or Valid Passport of the authorized representatives/designated signatories;
    4. Proof of Billing Address (should be the same address as indicated in the BIS);
    5. Signed Floor Plan/ Layout of the reserved Unit.

     

 

Why is my spouse required to sign all the documents?

Under the Family Code, it is presumed that the property purchased by a married individual shall form part of the absolute community (or conjugal partnership if the spouses were married before August 3, 1987), unless the spouses have agreed to a separation of property before their marriage or if one of the spouses executes a sworn statement (Affidavit of Paraphernal/ Separate Property) stating that the funds used to purchase the property do not form part of their absolute community of property or conjugal partnership but were taken from the personal/paraphernal/separate funds of his/her spouse. Note that the Affidavit of Paraphernal/Separate Property must be duly notarized or consularized (if executed outside the Philippines).

 

Are foreigners allowed to purchase a property? What are the requirements?

Foreign nationals are allowed to purchase condominium units provided that at least 60% of the Project is owned by Filipinos and foreign nationals ownership shall not exceed 40%

Foreign nationals are prohibited from acquiring and owning land in the Philippines.

 

If my husband/wife is a foreigner, are we allowed to purchase a property? What are the requirements?

If one of the spouses is a foreign national, the following rules shall apply:

  1. Purchase of Condominium Unit:
    Both spouses can acquire condominium units.
  2. Purchase of House and Lot/Townhouse Unit:
    Only the Filipino spouse can acquire the house and lot or townhouse unit, but the Filipino spouse must indicate in all the documents related to this transaction the name of the foreign spouse.

 

Are minors allowed to purchase a property? What are the requirements?

Yes, but the minor must be represented by his/her parents or his/her legal guardian, if his/her parents are already deceased. For purposes of registration of the property purchased by the minor/s as represented by his/her parents, an original and duly notarized (or consularized, if executed outside the Philippines) Affidavit of Parents (minor buyer) must be submitted.

 

 

 

Account Adjustments or Changes after Purchase

*Note: Complete and updated information is essential for mailing of documents and/or correspondences related to your purchased unit, in bank documentation, and in the title transfer process. Should there be any information you wish to amend or change, please fill out the Buyer’s Information Sheet and send it back to us together with your request letter and other required documents.

Can I make corrections to my name? What are the requirements?

Change in name may be allowed prior to signing of the Deed of Absolute Sale (DAS), subject to compliance with the following requirements:

    1. Request letter from the registered buyer/s (even if with SPA).
    2. Copy of the notarized Contract to Sell covering purchase of the existing unit.
    3. Photocopy of ID with picture and signature of the registered buyer/s reflecting the correct name.
    4. Photocopy of Community Tax Certificate for the current year or passport of the registered buyer/s reflecting the correct name.
    5. Photocopy of Proof of Billing of the registered buyers/s.
    6. Duly Notarized Affidavit of One and the Same Person.
    7. Fully filled-out Buyer’s Information Sheet by the registered buyer/s reflecting the correct name.

Additional requirements (for special cases):

    1. Original and Notarized Special Power of Attorney (if registered buyer/s would not be able to transact, execute, and sign documents related to the request).
    2. Original and Notarized Affidavit of Parents if the registered buyer/s is/are of minor age.
    3. Documents executed outside the Philippines will have to be consularized.

*Note: The approval of any request for change in name is subject to the sole discretion of RLC. As such, not all requests may be allowed and requirements may change depending on the circumstance.

Can I change my citizenship? What are the requirements?

Change in citizenship may be allowed prior to signing of the Deed of Absolute Sale (DAS) subject to compliance with the following requirements:

    1. Request letter from the registered buyer/s (even if with SPA).
    2. Copy of the notarized Contract to Sell covering purchase of the existing unit.
    3. Photocopy of ID with picture and signature of the registered buyer/s.
    4. Photocopy of Community Tax Certificate for the current year or passport of the registered buyer/s.
    5. Photocopy of birth certificate and/or other documents reflecting correct citizenship.
    6. Photocopy of Proof of Billing of the registered buyers/s.
    7. Fully filled-out Buyer’s Information Sheet by the registered buyer/s reflecting the correct citizenship.

Additional requirements (for special cases):

    1. Original and Notarized Special Power of Attorney (if registered buyer/s would not be able to transact, execute, and sign documents related to the request).
    2. Original and Notarized Affidavit of Parents if the registered buyer/s is/are of minor age.
    3. Photocopy of ID with picture and signature of the registered buyer/s.
    4. Documents executed outside the Philippines will have to be consularized.

*Note: The approval of any request for change in citizenship is subject to the sole discretion of RLC. As such, not all requests may be allowed and requirements may change depending on the circumstance.

Can I change my civil status? What are the requirements?

Change in citizenship may be allowed prior to signing of the Deed of Absolute Sale (DAS) subject to compliance with the following requirements:

    1. Request letter from the registered buyer/s (even if with SPA).
    2. Copy of the notarized Contract to Sell covering purchase of the existing unit.
    3. Photocopy of ID with picture and signature of the registered buyer/s.
    4. Photocopy of Community Tax Certificate for the current year or passport of the registered buyer/s.
    5. Photocopy of birth certificate and/or other documents reflecting correct citizenship.
    6. Photocopy of Proof of Billing of the registered buyers/s.
    7. Fully filled-out Buyer’s Information Sheet by the registered buyer/s reflecting the correct citizenship.

Additional requirements (for special cases):

    1. Original and Notarized Special Power of Attorney (if registered buyer/s would not be able to transact, execute, and sign documents related to the request).
    2. Original and Notarized Affidavit of Parents if the registered buyer/s is/are of minor age.
    3. Documents executed outside the Philippines will have to be consularized.

*Note: The approval of any request for change in civil status is subject to the sole discretion of RLC. As such, not all requests may be allowed and requirements may change depending on the circumstance.

Can I exclude/ include a co-buyer from the ownership of the property? What are the requirements?

Name exclusion/ inclusion of co-buyer/s may be allowed prior to signing of the Deed of Absolute Sale (DAS) subject to compliance with the following requirements:

Name Exclusion:

    1. Request letter from the registered buyer/s (even if with SPA).
    2. Copy of the notarized Contract to Sell covering purchase of the existing unit.
    3. Photocopy of ID with picture and signature of the registered buyer/s (including the buyer/s to be excluded).
    4. Photocopy of Community Tax Certificate for the current year or passport of the registered buyer/s (including the buyer/s to be excluded).
    5. Photocopy of Proof of Billing of the excluded and remaining buyer/s.
    6. Duly Notarized Affidavit of Quitclaim or Affidavit of Paraphernal/Separate Property (if legally married) by the party waiving his/her rights.
    7. Original NSO copy of the death certificate (if deceased)
    8. Cleared Association Dues (Clearance must be certified by the Building Administration) if applicable.
    9. Updated payments (including Transfer Tax and Registration Expenses, Miscellaneous Fees and Association dues, if applicable).
    10. Processing fee payable to RLC (see Index A).

Name Inclusion:

    1. Request letter from the registered buyer/s (even if with SPA).
    2. Copy of the notarized Contract to Sell covering purchase of the existing unit.
    3. Photocopy of ID with picture and signature of the new and registered buyer/s.
    4. Photocopy of Community Tax Certificate for the current year or passport of the new and registered buyer/s.
    5. Photocopy of Proof of Billing of the new and registered buyers/s.
    6. Photocopy of Notarized Contract to Sell or Addendum (if with parking) signed by the buyer/s to be included in every page.
    7. Fully filled-out Buyer’s Information Sheet by the buyer’s to be included.
    8. Photocopy of Unit Acceptance Form of the new buyer (if applicable).
    9. Cleared Association Dues (Clearance must be certified by the Building Administration) if applicable.
    10. Updated payments (including Transfer Tax and Registration Expenses, Miscellaneous Fees and Association dues, if applicable).
    11. Processing fee payable to RLC (see Index A).

Additional requirements (for special cases):

    1. Original and Notarized Special Power of Attorney (if registered buyer/s would not be able to transact, execute, and sign documents related to the request).
    2. Original and Notarized Affidavit of Parents if the registered buyer/s is/are of minor age.
    3. Documents executed outside the Philippines will have to be consularized.

*Note: The approval of any request for change in civil status is subject to the sole discretion of RLC. As such, not all requests may be allowed and requirements may change depending on the circumstance.

In the middle of my amortization, can I transfer my account from one unit/project to another? What are the requirements?

The transfer of account from one unit/ project may be allowed prior to signing of the Deed of Absolute Sale (DAS), subject to compliance with the following requirements:

    1. Request letter signed by the buyer/s on record
    2. New Reservation Application signed by the buyer/s on record
    3. Signed unit floor plan/ layout
    4. Copy of the notarized CTS covering purchase of the existing unit
    5. Photocopy of Unit Acceptance Form of the registered buyer/s (if applicable).
    6. Cleared Association Dues (Clearance must be certified by the Building Administration) if applicable.
    7. Updated payments (including Transfer Tax and Registration Expenses, Miscellaneous Fees and Association dues, if applicable).
    8. Processing fee payable to RLC (see Index A).

Additional requirements (for special cases):

    1. Original and Notarized Special Power of Attorney (if registered buyer/s would not be able to transact, execute, and sign documents related to the request).
    2. Original and Notarized Affidavit of Parents if the registered buyer/s is/are of minor age.
    3. Documents executed outside the Philippines will have to be consularized.

*Note: The approval of any request for change in civil status is subject to the sole discretion of RLC. As such, not all requests may be allowed and requirements may change depending on the circumstance.

Can I transfer the ownership of my account? What are the requirements?

The transfer of ownership may be allowed prior to signing of the Deed of Absolute Sale (DAS) subject to compliance with the following requirements:

Corporation to Individual:

    1. Request letter from the corporations authorized signatory/ies (even if with SPA).
    2. Copy of the notarized Contract to Sell covering purchase of the existing unit.
    3. Photocopy of ID with picture and signature of the corporation’s authorized signatory/ies and new buyer/s.
    4. Photocopy of Community Tax Certificate for the current year or passport of the corporation/s authorized signatory/ies and new buyer/s.
    5. Photocopy of Proof of Billing of the corporation’s authorized signatories and new buyer/s.
    6. Photocopy of Notarized Contract to Sell or Addendum (if with parking) signed by the new buyer/s in every page.
    7. Fully filled-out Buyer’s Information Sheet by the new buyer/s.
    8. Photocopy of the corporation’s:
      1. Board Resolution
      2. Articles of Incorporation, Constitution and By-Laws.
      3. SEC Registration
      4. Secretary’s Certificate
      5. Community Tax Certificate for the current year
    9. Photocopy of Unit Acceptance Form of the new buyer (if applicable).
    10. Cleared Association Dues (Clearance must be certified by the Building Administration) if applicable.
    11. Updated payments (including Transfer Tax and Registration Expenses, Miscellaneous Fees and Association dues, if applicable).
    12. Processing fee payable to RLC (see Index A).

Corporation to Corporation:

    1. Request letter from the corporations authorized signatory/ies (even if with SPA).
    2. Copy of the notarized Contract to Sell covering purchase of the existing unit.
    3. Photocopy of ID with picture and signature of both corporations’ authorized signatory/ies.
    4. Photocopy of Community Tax Certificate for the current year or passport of both corporations’ authorized signatory/ies and new buyer/s.
    5. Photocopy of Proof of Billing of both corporations’ authorized signatories and new buyer/s.
    6. Photocopy of Notarized Contract to Sell or Addendum (if with parking) signed by the new corporation’s authorized signatories.
    7. Fully filled-out Corporate Information Sheet by the authorized signatory/ies.
    8. Photocopy of both corporations’:
      1. Board Resolution
      2. Articles of Incorporation, Constitution and By-Laws.
      3. SEC Registration
      4. Secretary’s Certificate
      5. Community Tax Certificate for the current year
    9. Photocopy of Unit Acceptance Form of the corporation’s authorized signatory/ies (if applicable).
    10. Cleared Association Dues (Clearance must be certified by the Building Administration) if applicable.
    11. Updated payments (including Transfer Tax and Registration Expenses, Miscellaneous Fees and Association dues, if applicable).
    12. Processing fee payable to RLC (see Index A).

Individual to Corporation:

    1. Request letter from the registered buyer/s (even if with SPA).
    2. Copy of the notarized Contract to Sell covering purchase of the existing unit.
    3. Photocopy of ID with picture and signature of the corporation’s authorized signatory/ies and registered buyer/s.
    4. Photocopy of Community Tax Certificate for the current year or passport of the corporation’s authorized signatory/ies and registered buyer/s.
    5. Photocopy of Proof of Billing of the registered buyer and the corporation’s authorized signatory/ies.
    6. Photocopy of Notarized Contract to Sell or Addendum (if with parking) signed by the new corporation’s authorized signatories.
    7. Fully filled-out Corporate Information Sheet by the authorized signatory/ies.
    8. Photocopy of both corporations’:
      1. Board Resolution
      2. Articles of Incorporation, Constitution and By-Laws.
      3. SEC Registration
      4. Secretary’s Certificate
      5. Community Tax Certificate for the current year
    9. Photocopy of Unit Acceptance Form of the new buyer (if applicable).
    10. Cleared Association Dues (Clearance must be certified by the Building Administration) if applicable.
    11. Updated payments (including Transfer Tax and Registration Expenses, Miscellaneous Fees and Association dues, if applicable).
    12. Processing fee payable to RLC (see Index A).

Individual to Corporation:

    1. Request letter from the registered buyer/s (even if with SPA).
    2. Copy of the notarized Contract to Sell covering purchase of the existing unit.
    3. Photocopy of ID with picture and signature of the corporation’s authorized signatory/ies and registered buyer/s.
    4. Photocopy of Community Tax Certificate for the current year or passport of the corporation’s authorized signatory/ies and registered buyer/s.
    5. Photocopy of Proof of Billing of the registered buyer and the corporation’s authorized signatory/ies.
    6. Photocopy of Notarized Contract to Sell or Addendum (if with parking) signed by the new corporation’s authorized signatories.
    7. Fully filled-out Corporate Information Sheet by the authorized signatory/ies.
    8. Photocopy of both corporations’:
      1. Board Resolution
      2. Articles of Incorporation, Constitution and By-Laws.
      3. SEC Registration
      4. Secretary’s Certificate
      5. Community Tax Certificate for the current year
    9. Photocopy of Unit Acceptance Form of the new buyer (if applicable).
    10. Cleared Association Dues (Clearance must be certified by the Building Administration) if applicable.
    11. Updated payments (including Transfer Tax and Registration Expenses, Miscellaneous Fees and Association dues, if applicable).
    12. Processing fee payable to RLC (see Index A).

Individual to Individual:

    1. Request letter from the registered buyer/s (even if with SPA).
    2. Copy of the notarized Contract to Sell covering purchase of the existing unit.
    3. Photocopy of ID with picture and signature of the new and registered buyer/s .
    4. Photocopy of Community Tax Certificate for the current year or passport of the new and registered buyer/s.
    5. Photocopy of Proof of Billing of the new and registered buyer/s.
    6. Photocopy of Notarized Contract to Sell or Addendum (if with parking) signed by the new buyer/s in every page.
    7. Fully filled-out Buyer’s Information Sheet by the new buyer/s.
    8. Photocopy of Unit Acceptance Form of the new buyer (if applicable).
    9. Cleared Association Dues (Clearance must be certified by the Building Administration) if applicable.
    10. Updated payments (including Transfer Tax and Registration Expenses, Miscellaneous Fees and Association dues, if applicable).
    11. Processing fee payable to RLC (see Index A).

Additional requirements (for special cases):

    1. Original and Notarized Special Power of Attorney (if registered buyer/s would not be able to transact, execute, and sign documents related to the request).
    2. Original and Notarized Affidavit of Parents if the registered buyer/s is/are of minor age.
    3. Documents executed outside the Philippines will have to be consularized.

*Note: The approval of any request for transfer of ownership is subject to the sole discretion of RLC. As such, not all requests may be allowed and requirements may change depending on the circumstance.

Can I restructure my payment terms? What are the requirements?

Restructuring of payment terms may be allowed prior to the turnover of unit subject to compliance with the following requirements:

    1. Request letter signed by the buyer/s on record
    2. New Reservation Application signed by the buyer/s on record
    3. Latest Statement of Account (SOA)
    4. Copy of the notarized CTS covering purchase of the existing unit
    5. Complete Post-Dated Checks for the total monthly amortization including the balance.
    6. Photocopy of Unit Acceptance Form of the new buyer (if applicable).
    7. Cleared Association Dues (Clearance must be certified by the Building Administration) if applicable.
    8. Updated payments (including Transfer Tax and Registration Expenses, Miscellaneous Fees and Association dues, if applicable).
    9. Processing fee payable to RLC (see Index A).

*Note: The approval of any request for the restructure of payment terms is subject to the sole discretion of RLC. As such, not all requests may be allowed and requirements may change depending on the circumstance.

 

 

Documents

What is a Reservation Agreement?

A Reservation Application/ Agreement (RA) is a document executed by the buyer, declaring his intent to purchase a specific Unit/House and Lot, together with his payment of the Reservation Fee, and subject to the approval by RLC.

What is a Contract to Sell?

A Contract to Sell (CTS) is a contract governing a purchase of a specific Unit/House and lot whereby the terms and conditions of the sale, such as but not limited to the payment terms and transfer of ownership, are stated.

Why do I have to sign the original Contract to Sell (CTS) issued to me even if I want changes from my original purchase?

For proper documentation, the initial document should be processed and completed prior to processing of any amendment.

Can I authorize a representative to sign the Contract to Sell (CTS) on my behalf? What are the requirements?

Yes. Should the buyer wish to authorize a representative to sign the Contract to Sell on his/her behalf, the authorized representative should present and submit an original copy of a duly notarized (or consularized, if executed outside the Philippines) Special Power of Attorney (SPA), together with the buyer/s’ valid government-issued ID as well as his/her own for validation.

When can I get the notarized copy of CTS? Addendum for the purchase of Parking Slot?

The CTS and/or Addendum (for the purchase of Parking Slot) for the buyer’s signature shall be available five (5) working days from the date sale was accepted by RLC while the notarized CTS and/or Addendum shall be available *forty-five (45) working days from receipt of the signed CTS by RLC office.

The notarized CTS and/or Addendum shall be given to your Account Manager for subsequent transmittal to you.

*Note: Turn-around time may vary depending on the circumstance that may arise.

Bank Loans

What is an LOG (Letter of Guarantee)?

A Letter of Guarantee (LOG) is a written guarantee from the bank that the buyer/s has complied with the bank requirements for the release of loan to cover payment for any portion of the purchase price.

 

If I want to apply for a loan, what should I do?

The buyer/s can inquire only from RLC’s accredited banks for their detailed loan application process for any RLC project. These accredited banks take on the purchase price of your unit as its appraised value.

*Note

    1. The buyer/s should only obtain financing for any portion of the purchase price from any financial institution that is accredited with RLC.
    2. The buyer/s undertakes to submit to RLC the LOG on or before six (6) months prior to the due date of the amount to be covered by the financing.
    3. In case the buyer/s fails to submit the LOG on the said date, RLC shall have the option to:
      1. collect from the buyer/s all amounts due under such payment schedule and terms as my be required by RLC
      2. cancel the contract and forfeit all payments made.

 

If the name or civil status indicated on my bank application differs from the name indicated in my CTS, what should I do?

The details indicated in the bank documents (e.g. LOG) must tally with the details indicated in the CTS. It is imperative that the name/s in the bank documents and in the CTS are the same as we are obliged to deliver the title in the exact name/s required by the corresponding bank or financial institution.

Any delay in the release of the loan proceeds as a result of the amendment of the CTS shall not be made as basis to prevent penalties to accrue. The Buyer should request RLC to amend the CTS and/or Addendum subject to compliance with the requirements for change in civil status indicated in change in civil status section under Account Adjustment or Changes After Purchase

 

Why is LOG an insufficient document to serve as justification that I have paid on the required date indicated in the CTS and to allow me to move-in? Why must loan proceeds be received?

An LOG is merely a guarantee letter to pay and not yet an actual payment. Thus, it is insufficient to facilitate clearance to move-in until the actual loan proceeds is received and cleared by RLC.

*Note: The loan proceeds must be received on or before the required due date as indicated in the CTS. Otherwise, penalties will continue to accrue until such time that the proceeds are received.

 

Turnover / Moving-in

How do I know when the unit is ready for turnover?

A Notice of Availability of Unit for Turnover (NAUT) will be transmitted to you to the address indicated in your Contract to Sell (CTS) via courier or registered mail.

The NAUT will also indicate a detailed guide on the “move-in” process, which indicates the steps to be undertaken in order to obtain the keys to your unit.

 

When can I occupy the unit? What are the requirements to move-in?

After viewing and acceptance of your unit, you will be requested to accomplish the following to complete your records and pertinent documents:

    1. Clearance of Full Payment [Total Contract Price, Miscellaneous Fees and Transfer Tax and Registration Expenses]. If payment is made via personal/manager’s cheque, the cheque should be cleared. If payment is made via financing thru RLC’s accredited banks, the loan proceeds should be obtained by RLC and the corresponding cheque should be cleared.
    2. Sign the Unit Acceptance Form at the site.
    3. Signed Deed of Absolute Sale (DAS), together with required documents for title transfer.
    4. Steps 1, 2, and 3 should be completed in order for RLC to issue the Authority to Move-In (ATMI). The ATMI is an internal document which prompts the Building Manager to release the keys to you.
    5. Claim the keys to your unit from the office of the project building manager ten (10) business days after Steps 1, 2, and 3 are completed. The Building Administration shall release the keys of your unit to you. The Building Administration shall release the keys only to the buyer/s on record. Should you wish to send a representative to claim the keys for you, your representative must present an original copy of a duly notarized (consularized, if executed outside the Philippines) Special Power of Attorney (SPA) for the said purpose and two (2) valid IDs to the Building Administration.

*Note: Obtaining the original copy of the SPA, which might have been submitted initially to view the unit and in support of the Contract to Sell (CTS) and/or Deed of Absolute Sale (DAS), shall not be allowed as this will later on be submitted to the concerned government agencies to facilitate the title transfer process. As such, we suggest you to execute the SPA in duplicate copies or more to avoid any inconvenience in executing another SPA to claim the keys.

    1. Condominium Certificate of Title (CCT) and Tax Declaration under your name will be delivered once these are available. The Real Estate Tax pertaining to the property for the current calendar year shall be prorated between the parties according to the respective period of possession of the buyer within the said year to be reckoned from the date notice of availability of unit for turnover is given by Robinsons Land Corporation to the buyer.

 

What are covered by Miscellaneous Fees?

The miscellaneous fees is inclusive of the fees assessed for providing provisions for power, water, cable and other utilities plus the Condominium Corporation/Homeowners Association one-time membership fee.

What are the Transfer Tax and Registration Expenses (TTRE) for?

The Transfer Tax and Registration Expenses (TTRE) is the fee assessed by the City Government for the transfer of title from RLC to the buyer/s’ name.

Why do I need to pay TTRE if the title is not yet ready?

TTRE is essential to commence title transfer process and payment of such fee is the buyer/s’ obligation and responsibility under the contract.

What are covered by the facilitation fee? Can it be reduced?

The facilitation fee cannot be reduced as it is uniformly charged to all buyers for executing various transactions on behalf of the unit/home owners and to cover expenses required to facilitate the transfer of title.

What is a Transfer Certificate of Title (TCT)? Condominium Certificate of Title (CCT)?

A Transfer Certificate of Title (TCT) is a legal document which serves as an evidence of ownership over a parcel of land issued by the Land Registration Authority. It states the technical description, location and area of the land as well as the name/s, civil status, citizenship of the registered owner. It is an indefeasible and conclusive proof of absolute title to and ownership of the property.

A Condominium Certificate of Title (CCT) is a legal document which serves as an evidence of ownership over a condominium unit issued by the Land Registration Authority. It states the number of the specific unit and the name of the condominium, as well as the name/s, civil status, citizenship of the registered owner. It also states the TCT Number of the land where the condominium unit stands.

It is an indefeasible and conclusive proof of absolute title to and ownership of the property.

What is a Deed of Absolute Sale?

The Deed of Absolute Sale (DAS) is a contract executed by the seller and the buyer whereby the seller unconditionally transfers to the buyer all its rights, interests and title to the property subject of the sale and the buyer thereby accepts it.

What is a Tax Declaration?

A Tax Declaration is a city or municipal document containing the lot/unit number, area, and location of the land/house/condominium unit as well as the name/s, address of the declarant.

It also states the classification, market value and the assessed value as well as the assessment level of the property. This document is used to determine the real estate tax due over the property.

Can I send a representative to view and accept the unit for me?

Yes. Should the buyer wish to send an authorized representative to view and accept the unit on his/her behalf, the authorized representative should present and submit an original copy of a duly notarized (or consularized, if executed outside the Philippines) Special Power of Attorney (SPA), together with the buyer/s’ valid government-issued ID as well as his/her own for validation.

Can I authorize a representative to sign the Deed of Absolute Sale (DAS) for me?

Yes. Should the buyer wish to authorize a representative to sign the DAS on his/her behalf, the authorized representative should present and submit an original copy of a duly notarized (or consularized, if executed outside the Philippines) Special Power of Attorney (SPA), together with the buyer/s’ valid government-issued ID as well as his/her own for validation.

Can I still transfer the ownership of my unit after I move-in?

After move-in, the buyer may transfer the ownership of the unit to another party after the delivery of the transferred title from RLC to the buyer/s’ name and at the buyer/s’ expense.

How do I obtain my Condominium Certificate of Title (CCT) and/or Transfer Certificate of Title (TCT)?

The buyer will be notified once the Condominium Certificate of Title (CCT) and/or Transfer Certificate of Title (TCT) is transferred from RLC to the buyer/s’ name. The transferred CCT and/or TCT can only be obtained by the buyer/s on record at RLC offices.

How do I obtain my Tax Declaration?

RLC shall facilitate the issuance of the Tax Declaration by the City or Municipality where the property is situated. Thereafter, RLC shall notify the buyer once the Tax Declaration for the property has been issued under the buyer’s name.

What is Real Estate Property Tax (REPT)?

The Real Estate Property Tax (REPT) is a tax levied by the Local Government Unit where the property is situated. It is computed based on the assessed value of the property.

When shall I pay the Real Estate Property Tax?

The REPT shall be pro-rated between the buyer and RLC according to the respective period of possession of the parties to be reckoned from the date the NAUT is given by RLC to the buyer. Thereafter, the REPT shall be due every year to be paid during the first quarter of every year. Declarant also has the option to pay quarterly.

Can I facilitate the transfer of title from Robinsons Land Corporation (RLC) to my name?

No. As the Seller-Developer, RLC undertakes to initiate and facilitate the transfer of title/ownership of the unit to our respective buyers upon compliance with all the requirements and undertakings stipulated in the Contract to Sell.

Why is the amount (TCP) in the CTS different from the amount in DAS?

The amount indicated in the CTS and in the DAS are equal, only that, the amount indicated in the CTS is Value-Added Tax (VAT) Inclusive while the amount indicated in the DAS is VAT Exclusive.

 

 

Leave a reply