Filipino Expats Qatar

Reservation Requirement for Overseas Buyers
International Buyers

Upon reservation, you will be asked to fill up a Reservation Agreement form. Along with this, a reservation fee for the unit must be made.

The reservation is non-refundable and is valid for 30 days only. To complete your reservation, the following documents must be submitted within the said 30 days:

Signed reservation agreement indicating terms of payment
Photocopy of valid ID. One (1) if ID is issued by the government and at least two (2) for non-government issued IDs.
2x2 ID picture Three (3) pcs.
Birth Certificate for single or Marriage Certificate for married
If applicable, a Special Power of Attorney. The Special Power of Attorney must be consularized by the Philippine Consulate in the buyer's present country.
Valid ID of the Special Power of Attorney holder.
Tax Identification Number (TIN)
Community Tax Certificate Number (CTC)
After submission of the required documents, you will be asked to sign a Contract to sell. To avoid the cancellation of your reservation, please make sure to submit all the above documents within 30 days from the reservation date.

Payments and Financing
There are three available payment terms for purchasing your Dream Home:

Cash
In-house financing, with a maximum term of 10 years.
External financing

Bank
Pag-Ibig (Home Development
Mutual Fund)

Based on the terms of payment agreed upon on your reservation agreement or your Contract to Sell, you'll be required to begin paying your downpayment 30 days after the reservation date.

Minimum downpayment required:

House and Lot units – 20%
If your reservation date is from the 1-15th day of the month, the downpayment is due every 20th of the month. If the reservation date is from the 16th to the end of the month, downpayment is due on the 5th of every month.

International Remittance Procedures
A. Express Padala

Visit one of the Express Padala Subsidiaries or any of their tie-up partners
Place the following in the space provided for the Beneficiary:

Example: Property of Friends, Inc.. Account Number: 123456

In the "REMARKS" section of the remittance form, write the ID Number / Applicable Month of Amortization / Unit Number.

Example: C-123456 / June 2006 / Asiana 201

Make sure to send a copy of your remittance slip, either by fax or email, to us .
B. Bank to Bank Transactions (Foreign Bank to Local Bank)
Wire Transfer Procedure

Secure a wire transfer application form
Fill in the necessary information.
Submit the accomplished form and provide the following information to the bank staff so they can fill it out in their system:

Line 70: ID NUMBER
Example: C-123456

Afterwards, send a copy of your remittance slip, either via fax or email.
To ensure the timely posting of your payments, please send us a copy of your remittance slip, wire transfer documents, telegraphic transfer documents, or any proof of remittance via fax or email.

Turnover Process
The turnover process is the most important to a new homeowner, because this is when the property finally changes hands. Because we know how important this is to you, we'd like to share some guidelines to make the transition smooth and satisfactory for both parties.

Turnover Process

Completion of unit will commence upon issuance of Authority-To-Turnover (CLEARANCE) by Documentation
Completion date:

Thirty (30) days for house and lot unit
Punchlisting/inspection by the client will be scheduled after the completion date
Rectification of punchlisted items will be done immediately but completion date may vary depending on the nature of the punchlisted items
Client is responsible in settling all required fees & deposits prior to unit turnover
Homeowner Orientation of community house rules, policies & regulations is done during handover of unit
Handover kit and welcome gift is given to client upon acceptance of unit
Upgrade/improvements for his unit will be allowed only after the acceptance of unit
Note that certain warranties may be voided by any unit material alteration
Requirements prior to issuance of CLEARANCE

Payment of the minimum downpayment required
Issuance of required post dated checks for the balance of Total Contract Price
Submission of duly signed CONTRACT TO SELL / DEED OF ABSOLUTE SALE & other pertinent documents
Letter of Guarantee (LOG) & Drawdown/Loan Take-out (for external bank financing only)
Required Fees & Deposits

MERALCO Service Deposit for permanent power connection
Real Property Tax (RPT) – client’s share
Cash Bond for temporary power (if permanent power service is not yet available)
Home Owners Association fees & dues
Requirements for a PERMANENT POWER CONNECTION

Proof of ownership (CTS/DOAS or CCT)
Duly accomplished MERALCO application form
Two (2) valid IDs
Duly signed MERALCO waiver
Authorization letter (if accomplished thru representative)
Home Owners Association
FEES & DUES

One time Joining/Membership fee
Monthly Association dues
Construction bond (for unit with owner’s upgrade)
Insurance premium
RPT of common areas
Other Home Owners Association assessments
Buyer Acceptance

If the buyer fails to inspect and accept the unit within thirty (30) days from the date of notice that the unit is ready for turnover, it shall be deemed that the buyer has automatically accepted the unit.

Acceptance by a Representative

If the registered buyer is not available on the scheduled turnover of unit, his/her duly authorized representative can accept the unit in his/her behalf. The representative must be designated as a duly notarized Special Power of Attorney (SPA).
The unit turnover cannot be delayed on account of SPA’s availablity schedule.
Turnover Schedules
A unit is deemed completed upon the issuance of the Authority to Turnover Documentation. (CLEARANCE)

Completion Date:

Thirty (30) days for a House and Lot unit
Once the unit has been declared complete, you may then proceed to inspect and punchlist your new home to check if everything agreed upon is in place.

Things to know about the Turnover Process
In case some things in the unit need to be rectified following your inspection, these will be done immediately. However, the completion date may vary, depending on the nature of the things to be fixed.
To avoid any delays with the turnover process, please make sure that all required fees and deposits are taken care of before unit turnover.
Homeowner Orientation of the community house rules, policies and regulations will be done during the unit turnover. Likewise, the handover kit and welcome present is given upon your acceptance of the unit.
Upgrades, improvements and other personal modifications to your unit may only be allowed after the official acceptance. Please bear in mind that certain warranties may be voided by alterations.
Clearance requirements

Before you can move-in, the payment of at least the minimum downpayment must be made.
Postdated checks covering the balance of the Total Contract Price must also be issued.
The duly signed Contract to Sell / Deed of Absolute Sale and other pertinent documents must all be submitted.
For units financed externally, a Letter of Guarantee (LOG) and Drawdown / Loan Take-out are needed.
Other Required Fees and Deposits

For permanent power connection, a MERALCO Service Deposit must be made.
Your share of the Real Property Tax (RPT) must also be paid.
In case permanent power service is not yet available, a Cash Bond for temporary power must be issued.
Home Owners Association fees & dues must also be settled.
Requirements for Permanent Power Connection

Proof of ownership (CTS / DOAS or CCT)
Duly accomplished MERALCO application form
Two (2) valid IDs
Duly signed MERALCO waiver
Authorization letter (in case the application is being overseen by a representative)
Home Owners Association Fees & Dues

One time Joining / Membership Fee
Monthly Association Dues
Construction Bond (applicable for units that have been upgraded by their owners)
Insurance Premium
Real Property Tax of common areas
Other Home owners Association assessments.
Buyer Acceptance
In case you fail to inspect and accept the unit within thirty (30) days from the date you were issued the turnover notice, it shall be deemed that you have automatically accepted the unit.

Acceptance by a Representative

If you are not available on the scheduled turnover of your unit, you can send a duly authorized representative in your place to accept the unit on your behalf. He or she must be designated as the duly notarized Special Power of Attorney (SPA).
The unit turnover cannot be delayed due to the SPA's availability schedule

For more details visit http://www.homelandpinoy.com