Processing Fee

**smooth** · January 12th, 2008 06:36 AM

Originally Posted by mazingerZ

One thing you should check is the deed of sale bro. Dapat di pa na notarize kasi baka nanotarize na yan two years ago, patay ka sa penalties sa capital gains, doc stamps at transfer tax. 20% yan na surcharge plus 1% per month na interest.

are you a broker? galing ng post mo kasi. detalyeng detalye.

correct si mazingerz. kung na-notarize na yan 2 years ago, yari ka sa penalty.

OT question to mazingerz: ano ba ang responsibilities ng broker? we just acquired a property ourselves kasi and yung sa pag-transfer ng title e humihingi ang broker ng 7K na "processing fee" from us for the legwork. hindi ba dapat kasama na yun sa commission niya? also, yung paglakad ng kuryente at tubig, hindi ba trabaho ng broker yun? hindi ko kasi alam ano talaga role ng broker. thanks.

**CVT** · January 12th, 2008 08:00 AM

If you have the title transferred under your name,- then you will pay for the real estate tax from thereon.... Otherwise, the developer pays for it until it's transferred under your name... That is how I understand it.....

So, there is no real motivation to transfer the title under your name, unless you want to do some improvement on the land (e.g. build a house)....

5101:pcwhack:

**badsekktor** · January 15th, 2008 10:09 AM

Originally Posted by BackSpace

ganyan talaga mga developer minsan pag alam nila may pang bayad ka abusado naman,Taka lang ako sayo nag bayad ka ng cash hindi mo agad na kuha ang title malamang naka sanla pa yan at nasa mother title pa kaya wala pa silang pondo na pang ayos. Depende sa subd. minsan may mga home owners na agad kahit konti palang bahay tapos nasingil na sila ng mga monthyl dues kahit wala pang bahay marami ako alam na ganon katwiran nila nag tatabas daw sila ng damo sa lote mo

mukha nga abusado bro. actually nakuha na namin yun 3 na titulo so 3 pa ang wala.

we are in a hurry kaya binayaran na namin kagad since 1 week lang kami mag-stay dito sa pinas kayabinayaran na kagad and since landco is a known developer, may tiwala kami na hindi kami gagaguhin pero mukhang nagkami kami.... anyway... lesson learned na lang...

by the way, sino ba dito ang may properties na landco ang developer? gusto ko lang malaman kung pareho ba yun nasa contract ninyo sa min?

At dun sa mga balak bumili, heads up kayo. basahin nyo muna mabuti yun kontrata bago nyo pirmahan. better yet, pa-check nyo muna sa attorney yun contract. baka madali kayo ng mga sales agents, apurahin kayo pumirma na parang ayaw pauwi at pabasa sa inyo yun kontrata.

To legal advisers ask ko lang, meron kasi mga clause sa contract na questionable. Nakalagay kasi sa contract na kung haliwbawa ibebenta mo na yun property eh sila ang may priority na bumili and yun price eh hindi yun current market value nya but kung magkano mo sya nabili sa landco less mo pa yun 14% then ikaw pa mag-shoulder lahat ng expenses sa pagtransfer.

another clause is dapat daw tayuan ng bahay within 5 yrs. buti sana kung walang limit yun price ng bahay. limit is 3.5 m pa naman yun

**shadow** · January 15th, 2008 11:00 AM

oh man..napakaraming clause naman nyan.....and puro advantage pa sa developer.....

**badsekktor** · January 15th, 2008 11:11 AM

oo nga eh..... that's what you get when not reading contracts...... anyway i dont think may magagawa sila kung gawin namin idle yun lots since we dont intend to live there....

**shadow** · January 15th, 2008 11:17 AM

is it even legal? I don't think pwede yan....anong pakialam nila eh saiyo na yun lupa...I'll build a house kung kailan ko gusto, hinde kung kailan nila gusto...

**Altis6453** · January 15th, 2008 12:01 PM

Originally Posted by badsekktor

mukha nga abusado bro. actually nakuha na namin yun 3 na titulo so 3 pa ang wala.

we are in a hurry kaya binayaran na namin kagad since 1 week lang kami mag-stay dito sa pinas kayabinayaran na kagad and since landco is a known developer, may tiwala kami na hindi kami gagaguhin pero mukhang nagkami kami.... anyway... lesson learned na lang...

by the way, sino ba dito ang may properties na landco ang developer? gusto ko lang malaman kung pareho ba yun nasa contract ninyo sa min?

At dun sa mga balak bumili, heads up kayo. basahin nyo muna mabuti yun kontrata bago nyo pirmahan. better yet, pa-check nyo muna sa attorney yun contract. baka madali kayo ng mga sales agents, apurahin kayo pumirma na parang ayaw pauwi at pabasa sa inyo yun kontrata.

To legal advisers ask ko lang, meron kasi mga clause sa contract na questionable. Nakalagay kasi sa contract na kung haliwbawa ibebenta mo na yun property eh sila ang may priority na bumili and yun price eh hindi yun current market value nya but kung magkano mo sya nabili sa landco less mo pa yun 14% then ikaw pa mag-shoulder lahat ng expenses sa pagtransfer.

another clause is dapat daw tayuan ng bahay within 5 yrs. buti sana kung walang limit yun price ng bahay. limit is 3.5 m pa naman yun

It sounds strange to me that they'd include a buy-back option for the developer with fixed or built-in discount. You can definitely challenge it's legality before the Courts or the HLURB. Another suspect provision is the absorption of the transfer expenses by the Seller (medyo garapal ata). From experience, very few developers have the resources to buy back property from their buyers even if they do have this provision in their Contracts to Sell or Deed of Absolute Sale. Check mo rin sa title mo kung naka lagay yung provision regarding buy-back. If there's no such annotation on the title, you can sell to anyone you choose. Tignan mo rin kung meron yan sa Master Deed which is usually annotated din sa title.

Just to clarify, is it a cost ceiling of P3.5M for constructing a house or is it a minimum? Developers put that in the Master Deed to be able to preserve the aesthetics and perceived value of the subdivision. Dami namang pwedeng lusot jan. Just ask your contractor or architect.

**badsekktor** · January 16th, 2008 01:54 PM

Originally Posted by Altis6453

It sounds strange to me that they'd include a buy-back option for the developer with fixed or built-in discount. You can definitely challenge it's legality before the Courts or the HLURB. Another suspect provision is the absorption of the transfer expenses by the Seller (medyo garapal ata). From experience, very few developers have the resources to buy back property from their buyers even if they do have this provision in their Contracts to Sell or Deed of Absolute Sale. Check mo rin sa title mo kung naka lagay yung provision regarding buy-back. If there's no such annotation on the title, you can sell to anyone you choose. Tignan mo rin kung meron yan sa Master Deed which is usually annotated din sa title.

Just to clarify, is it a cost ceiling of P3.5M for constructing a house or is it a minimum? Developers put that in the Master Deed to be able to preserve the aesthetics and perceived value of the subdivision. Dami namang pwedeng lusot jan. Just ask your contractor or architect.

it is really strange dahil ngayon lang kami naka-encounter ng ganitong kontrata. kaya nga we always deal in cash and full payment lalo na kung kaya din lang bayaran, and medyo mabigat din sa kanila since 6 lots yun.

minimum po yun 3.5 m na cost ng bahay. yun master deed ba yun copy ng register of deeds? sorry medyo hindi ako familiar sa terms. ok check ko din sa title kung may annotation ng buyback. Question lang is it legal? i mean yun buyback and their provisions na same price when we purchased the lot from them kahit na nag-appreciate na yun property value? medyo malaki kasi talaga ang potential nung property since maganda talaga ang location.

and how about sa pagtatayo ng house and lot within their time frame na 5 yrs? pwede ba to or legal ba to? I mean it is our lot and prerogative namin kung tatayuan namin ng bahay yun or hindi di ba? we dont need another house naman since medyo madami kaming bahay

**Altis6453** · January 16th, 2008 03:37 PM

Originally Posted by badsekktor

it is really strange dahil ngayon lang kami naka-encounter ng ganitong kontrata. kaya nga we always deal in cash and full payment lalo na kung kaya din lang bayaran, and medyo mabigat din sa kanila since 6 lots yun.

minimum po yun 3.5 m na cost ng bahay. yun master deed ba yun copy ng register of deeds? sorry medyo hindi ako familiar sa terms. ok check ko din sa title kung may annotation ng buyback. Question lang is it legal? i mean yun buyback and their provisions na same price when we purchased the lot from them kahit na nag-appreciate na yun property value? medyo malaki kasi talaga ang potential nung property since maganda talaga ang location.

and how about sa pagtatayo ng house and lot within their time frame na 5 yrs? pwede ba to or legal ba to? I mean it is our lot and prerogative namin kung tatayuan namin ng bahay yun or hindi di ba? we dont need another house naman since medyo madami kaming bahay

The Master Deed is also sometimes referred to as the Deed Restrictions governing the entirety of your subdivision, meaning lots and common areas. The terms and conditions of the Master Deed should be annotated on the back of the title of each lot located inside your subdivision. A copy of the Master Deed is deposited with the Register of Deeds and you can request for one.

Under our Civil Code, parties can enter into contracts so long as it is not illegal, immoral or against public policy. So, the question of validity of the buyback provision will ultimately have to be brought before the courts. From a personal view, I think it's quite unconscionable and confiscatory for a property owner to re-sell his property to the developer at a forced discount.

The provision requiring the lot owner to build a house within a certain period of time is industry practice, especially among hi-end subdivisions. This is to obstensibly prevent the onset of property speculators who just buy lots to resell later on without any interest or intent in using it for building a residence.

HTH!

**badsekktor** · January 16th, 2008 06:40 PM

ok thanks bro! anyway yun provision about building a house on the lot ay pwede naman humingi ng extension. By the way, after the developer sold all the lots ba, effective pa rin ba yun mga policies or provisions sa contracts? how about yun turnover ng management ng subd? kelan ba to? after ba na ma-benta lahat ng lots?