CHANGE OF NAME OR TRANSFER OF OWNERSHIP
The following are the requirements and procedures to process your request for Change of Name or Transfer of Ownership:
- Original Request Letter addressed to Customer Care Department ( For Forecast Accounts or accounts within 30 days from reservation date, letter should be addressed to Sales Management ) and signed by the original Principal Buyer and co-Buyers with conformity of the New Buyer
- Signed new Reservation Agreement of the New Buyer
- Photocopy of one (1) valid Government-Issued ID of the New Buyer
- Proof of Billing of the New Buyer (must be the latest billing statement and should be the same with the billing address in the new Reservation Agreement)
- Updated Statement of Account (SOA) from Credit and Collection Group
- Administration Fee of PhP 70,000.00, or PhP 120,000.00 (for Oak Harbor Residences and Fortis Residences)
- Clearance from Property Management Office (PMO) if original buyer has already occupied the unit
- Proof of TIN of New Owner / Notarized Waiver of Rights
Fully Paid Accounts or Accounts with Penalties / Unpaid Payments will not be allowed Change of Name or Transfer of Ownership. Only the Principal Buyer can request for Change of Name or Transfer of Ownership.
Once all requirements have been submitted to the Customer Care Department, these will be forwarded to Credit & Collection Department for processing of the Notice of Approval (NOA). NOA will then be forwarded to the Documents and Inventory Control Department for CTS preparation. A new set of PDCs will be issued to the New Buyer, a signed CTS, which should be submitted within a specified deadline.
ADDITIONAL OWNERSHIP
The following are the requirements and procedures to process your request to add a Joint Buyer or Co-Owner:
- Original Request Letter addressed to the Customer Care Department and signed by the Principal Buyer with conformity of the Joint Buyer or Co- Owner
- Signed Reservation Agreement of the Joint Buyer or Co-Owner
- Photocopy of one (1) valid Government-Issued ID of the Joint Buyer or Co-Owner
- Proof of Billing of the Joint Buyer or Co-Owner (must be the latest billing statement and should be the same with the billing address in the new Reservation Agreement)
- Updated Statement of Account (SOA) from Credit and Collection Group
- Administration Fee of PhP 70,000.00, or PhP 120,000.00 (for Oak Harbor Residences and Fortis Residences)
- Proof of TIN of Additional Buyer
Only the Principal Buyer can request for additional ownership.
Only one billing address should be declared, even for Co-Buyers with different billing addresses.
OMISSION OF NAME
The following are the requirements and procedures to process your request to omit a joint buyer or co-owner:
- Original request Letter addressed to Customer Care Department and signed by the Principal Buyer, with conformity of the Joint Buyer or Co-Owner to be omitted.
- Updated Statement of Account (SOA) from Credit and Collection Group.
- Administration Fee of PhP 70,000.00, or PhP 120,000.00 (for Oak Harbor Residences and Fortis Residences), or free if due to death.
Additional requirement if omitting a minor client:
- Released waiver and quit claim
Additional requirements if ommission is due to death:
- Notarize extra-judicial settlement
- Publication of extra-judicial settlement
- Death certificate
- Estate tax (if applicable)
Once all requirements have been submitted to the Customer Care Department, the request will be endorsed to the Documents and Inventory Control Department for approval of request. A Waiver of Rights document will be given for your signature and notarization. The notarized Waiver of Rights document should be returned to the Documents and Inventory Control Department for preparation of CCIS form to update the system.
Once the system has been updated, a Certification that the name has been omitted will be released. Changes will be reflected on the DOAS upon full payment.
CHANGE OF PERSONAL INFORMATION OR CONTACT DETAILS
The following are the requirements and procedures to process your request to Change your Personal Information and/or Contact Details:
Change of Marital Status
- Original Request Letter addressed to the Customer Care Department
- Proof of Marriage
- Signed Reservation Agreement
- Photocopy of one (1) valid Government-Issued ID
Change of Billing Address
- Signed Client Details Changes Form or a Request Letter addressed to the Documents and Inventory Control Department
- Proof of Billing Address (must be the latest billing statement)
Change of Contact Information
- Signed Client Details Changes Form or a Request Letter/Email addressed to the Customer Care or Documents and Inventory Control Department
TRANSFER OF UNIT
Transfer of unit within the project is subject to approval of the Management and may only be allowed within six (6) months from the reservation date.
Account must be in current payment status/updated/not in default to qualify for transfer. Special Holding or Reservation of intended unit is not allowed.
The following are the requirements and procedures to process your Request to Transfer from one unit to another within the prescribed allowable period:
- Forecast Account: These are accounts within 30 days from reservation date
- Request Letter addressed to the Sales Management Department.
- The letter must be approved by the Sales Director and endorsed by the Sales Management Department.
Signed Transfer of Unit Request Form
- Closed Account: These are accounts with complete document requirements and signed CTS/DOAS
- Request will be evaluated by the Management. Once approved, the Inventory Control will confirm availability of unit in the system.
- You will be informed about the approval of request and you will pay the Transfer Fee of PhP 15,000.00 (applicable to one (1) unit only).
- All requirements will be submitted to the Documents and Inventory Control Department for holding of new project/unit for transfer.
- The Finance Department shall evaluate the amount that will be credited/ forfeited to the new unit. A new computation sheet will be given based on the new price less credited payments. The computation sheet will only be valid for 5 days upon receipt.
- You will be required to issue new Post-Dated Checks (PDC) based on the new computation sheet. Treasury Department will pull-out old PDCs, if already submitted.
- You will be asked to submit required documents for CTS preparation. All documents must be submitted within 30 days, otherwise, the account shall be subjected to House Cleaning and previous payment may be refunded or forfeited.
- Sign new Reservation Agreement, CTS/DOAS etc. for closed accounts.
Transfer of Unit is not allowed when a unit has already been turned-over or has been fully paid.
Disclaimer: Subject to change without prior notice.