TRANSFER – shall   mean Change in unit, change in buyer’s name or applicant, or change in payment scheme/financing.

CONDITIONS:

1. Only the buyer is allowed to request any transfer.
2. All requests of transfer must be in writing, subject to the approval of the management.
3. The buyer must not be in default during the request for transfer.
4. The buyer shall agree to pay the prevailing price of the new unit.
5. In case of change of owner/borrower, the new buyer must be pre-qualified first by the Credit Department prior to the approval – must submit income documents.

CONSIDERATIONS:

• Request for changes in the account within FIVE (5) working days after reservation, transfer fee shall be waived.
• Changes or transfers within THIRTY (30) days after reservation shall be subject to FIVE THOUSAND (Php 5,000.00) PESOS transfer fee for the same price.
• Any request for transfer after the THIRTY (30) day reservation period shall be subject to TEN THOUSAND PESOS (P10,000.00) transfer fee for the same price.
• If the transfer is a downgrade or upgrade unit, an administrative fee of TEN THOUSAND (Php 10,000.00) PESOS shall be imposed.
• Clients can change their financing up to 6 months before their due date of financing based on the schedule of payment.  They will be charged with an administrative fee of TEN THOUSAND (Php 10,000.00) to redocument their contracts and document submissions.