CLIENT REGISTRATION FORM
1. Accomplish the Client Registration Form (CRF) provided by your Agent and forwarded it to the Head Office for evaluation.
Download CRF
2. When registration is approved, you may now choose which project and unit you wish to purchase.
3. Once your Agent verifies the availability of your desired unit, you may now make an official reservation.
RESERVATION OPTIONS
• Option 1: To facilitate the process , you can print and fill out the Reservation Agreement together with the Client Registration Form then kindly scan it and email it back to dmciproperties@gmail.com . The original copy of Forms will be sent via courier before or after the reservation has made and will be sent back to the Philippines as part of the requirements. We have wire transfer services for the payment of Reservation.
• Option 2: A duly authorized representative can reserve in your behalf . For this purpose, a duly notarized Special Power of Attorney must be executed designating your duly authorized representative. (SPA). The Special Power of Attorney must be consularized by the Philippine Consulate in the buyer’s present country.
Upon reservation, you will be asked to fill up a Reservation Agreement form. Along with this, a reservation fee of P20,000 for the unit and P10,000 for the parking 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 15 days:
Reservation Requirements:
• Signed Reservation Agreement
• Signed CRF
• Reservation Fee
• Proof of Billing / Valid ID with Address (For contact verification purposes)
NOTICE OF APPROVAL
In order to verify your address/contact information,any of the following required documents must be submitted within seven (7 calendar days) from the date of reservation:
• Proof of Billing addresses
• Billing for Utilities(Meralco,Water,Telephone,Cable etc.)
• Insurance Billing
• Bank Statement
• Others (as long as the billing address is addressed to the principal or any one of the purchasers)
• Certificate of Employment with information on the home address or preferred billing/mailing address.
• Identification card(photocopy)
• Others (as long as the billing address is addressed to the principal or any one of the purchasers)
Failure to submit required documents within seven days may cause cancellation of reservation. Finance will issue the result of CI after the submission of required documents.
Upon Submission of Proof of Billing, Credit Team will conduct a contact information verification through phone call. If the contact information is not in accordance with the declared information in the Reservation Agreement,a Notice of Rectification will be release by the Credit Team.
Ex. Over Age
Cannot be contacted/wrong number
With a 2 months past due or more considers a client as default (For the existing buyer with a newly reserved unit/parking)
Three days from the date proof of billing was received by the Credit Team, the CONDITIONAL NOTICE OF APPROVAL will be released,which is needed for the contract preparation.
DOCUMENT REQUIREMENTS
Cash Payment Procedures
1. Days 1 –7 (from reservation date)
To complete the reservation transaction of your unit,you must submit the following documents to your agent to facilitate the documentation process:
• Your signed Reservation Agreement and Reservation Fee Receipt
• Signed Computation Sheet
• Photocopy of Passport
• Either a photocopy of your Tax Identification No. (TIN) or BIR Form 1904
• Photocopy of one (1) valid Government Issued ID
• Notarized Special Power of attorney (SPA),if applicable
• Proof of Billing Address
Once all your requirements have been submitted,your agent shall endorse your documents and all other necessary requirements to the proper sales channels for the preparation of the Deed of Absolute Sale (DOAS).
2. Days 7-15 (from reservation date)
Once your documents have been properly endorsed,it will usually take 2-4 day business days to prepare your DOAS. While your documents are being drafted, we will be sending you a copy of the Reservation Agreement and our “Welcome Letter” to thank you for choosing DMCI Homes and to remind you that all documentary requirements and payments must be completed within the 30-day time frame.
3. Days 16-30 (from reservation date)
At this time your Deed of Absolute Sale will be released to you. You shall be given fifteen (15) days to review the Deed of Absolute Sale. Should the documents be in order,you will need to sign and return these to your Agent.
Upon clearance of the full payment, you will be issued a Clearance for Turnover. You will then be endorsed to our PMO-Turnover Group so you can inspect your unit.
In house Financing Procedures
1. Days 1 –7 (from reservation date)
To complete the reservation transaction of your unit, you must submit the following documents to your agent to facilitate the documentation process:
• Your signed Reservation Agreement and Reservation Fee Receipt
• Signed Computation Sheet
• Photocopy of Passport
• Either a photocopy of your Tax Identification No. (TIN) or BIR Form 1904
• Photocopy of valid ID’s
- Two ID’s will be required if Non- Government Issued.
- One ID only if Government Issued
- Only ID’s not expiring within the next sixty days (60) days will be accepted.
• Notarized Special Power of attorney (SPA),if applicable
• Proof of Billing Address.
• Signed / notarized DOU (In the absence of P.D.C.s)
Once all your requirements have been submitted,your agent shall endorse your documents and all other necessary requirements to the proper sales channels for the preparation of the CTS. DOAS shall be prepared only when payments have been completed in reference to the agreed upon terms.
2. Days 7-15 (from reservation date)
Once your documents have been properly endorsed,it will usually take 2 –4 day business days to prepare your CTS. While your CTS is being drafted,we will send you a copy of the Reservation Agreement and our “Welcome Letter”to thank you for choosing DMCI Homes and to remind you that all documentary requirements and payments must be completed within the 30-day timeframe.
3. Days 16-30 (from Reservation Date)
At this time your CTS will be released to you. You shall be given fifteen (15) days to do the following:
• Review and Evaluate the terms and conditions in the CTS
• Prepare the required number of post-dated checks.
(In the absence of PDC,signed DOU must be submitted)
Should the documents be in order,you will need to sign and return these to your Agent. Upon clearance of the required down payment,you will be issued a Clearance for Turnover. You will then be endorsed to our PMO-Turnover Group so you can inspect your unit.
FREQUENTLY ASKED QUESTIONS
How much is the Reservation Fee
Reservation fee for a condominium unit is Php 20,000.00, for parking slot is Php 10,000.00 and for Mahogany Place is Php 50,000.00.
Is the Reservation Fee refundable or Transferable
Reservation fee is nonrefundable and nontransferable. And it is valid for 30 days from the date of reservation . DMCI Homes is looking forward to do business with serious buyers only.
How can I reserve if I am located abroad?
You can do a reservation via messenger live chat on our website with our E-Representative. You can directly contact us: hotline numbers +632.381.3011 or 0915.950.2471 email address: dmciproperties@gmail.com
What are the complete Requirements?
A photocopy of 2 valid government-issued ID’s,reservation fee,Client Registration Form,Reservation Agreement Form,Tax Identification Number (TIN),Income Tax Return (ITR),Proof of Billing,Computation,and Special Power of Attorney Form (if needed).
For a hassle free owning experience,we suggest that you submit all the requirements within 7 days from the date of reservation.
NOTE:Forms and computation template will be provided by us. Please call our hotline numbers +632.381.3011 or 0915.95024171 for more assistance.
What are the Payment terms/Financing schemes
Cash,In-House Financing,Bank Financing,or Pag-IBIG Financing. For buyers abroad,we suggest that you pursue In-House Financing for your convenience.
NOTE:All DMCI buyers are required to undergo In-House Financing initially. It can be transferred to Bank Financing or Pag-IBIG Financing later on provided all the requirements and conditions are met.
We suggest that you call or visit our accredited banks:
BPI- http://www.bpi.com.ph/
BDO- http://www.bdo.com.ph/personal.asp
UCPB- http://www.ucpb.com/
Pag-IBIG Fund- http://www.pagibigfund.gov.ph/ offices for a detailed information.
Please click links to go directly to their websites
Closing Fees
Closing fees cover Documentary Stamp Tax,Transfer Fees,Registration Fees,notarial and documentation fees,and other administrative and handling fees in order to transfer title to your name.
Can a foreigner purchase a condominium unit in Philippines?
Yes. The Condominium Act of the Philippines expressly allows foreigners to acquire condominium units and shares in condominium corporations up to 40% of the total and outstanding capital stock of a Filipino owned or controlled condominium corporation.
Can a foreigner purchase a House & Lot in Philippines?
By law,foreigners don’t have the right to acquire land in the Philippines. Only Filipino citizens can own land. The simplest way for a foreigner to acquire real estate properties is to have a Filipino spouse purchase a property in his/her name.
Exceptions:
Corporations or partnerships that is at least 60% Filipino owned are entitled to acquire land in the Philippines. An exception to this rule,is foreign acquisition of a Philippine real estate in the following cases:
- Acquisition before the 1935 constitution.
- Acquisition thru hereditary succession if the foreign acquire is a legal or natural heir. This means that when you are married to a Filipino citizen and your husband/wife dies,you as the natural heir will become the legal owner of his/her property. The same is true for the children. Every natural child (legitimate or illegitimate) can inherit the property of his/her Filipino father/mother even if he/she is not a Filipino citizen.
- Purchase of not more than 40% interest in a condominium project.
- Purchase by a former natural-born Filipino citizen subject to the limitations prescribed by law. (natural born Filipinos who acquired foreign citizenship is entitled to own up to 1,000 square meter of residential land,and 1 hectare of agricultural or farm land)
- Filipinos who are married to aliens who retain their Filipino citizenship,unless by their act or omission they have renounced their Filipino citizenship.
Owning of houses or buildings is legal as long as the foreigner does not own the land on which the house was built.
Setting up a corporation with 40% of the stocks in the foreigner’s name and 60% to Filipinos is a good alternative. There must be a minimum of 5 stockholders,and foreigner can have the Filipino stockholders sign blank transfer of the stocks for security.
When can I move-in?
You can move in within 30-45days after you have fully accomplished the following: Complete Requirements, Signed Contract to Sell (for buyers under financing) or Deed of Absolute Sale (for Cash Buyers), the minimum required downpayment to move in (for buyers under financing), and the release of clearance from DMCI Homes Documentation Department. Finishing of your unit will only start upon release of clearance from the Documentation Department. If your unit is already ready for punch listing, a Turnover Group Assistant will call you for your unit’s punch listing schedule. Please coordinate with the Turnover Group Assistant for your turnover schedule.
Provided all the move-in requirements and move-in conditions are met, you can move in to your unit once it is “dressed” and the finishing touches have been completed. The preliminary inspection of the unit shall be conducted with you based on the specified turnover conditions set by DMCI Homes. Arrangements on the installation of the water, electrical, cable and telephone units will also be conducted at this point. Your Condominium Corporation officer shall be more than willing to assist you in this matter.
If you plan to move in upon acceptance of the unit, please inform our Turnover Group Assistant so that the necessary arrangements can be made to facilitate your move-in.
In case the buyer fails to inspect the unit within thirty days from the date of notice, it shall be deemed that the buyer has automatically accepted the unit.
Confident of the quality of DMCI construction, All DMCI Homes developments come with a warranty against construction defects and workmanship within one year from the date of acceptance/turnover by the homeowner. Warranty concerns shall be forwarded to the Property Management Office. However, please take note that the normal wear & tear or misuse by homeowners or tenants is not covered by this warranty.
Are there Fees after I move-in?
Yes, you should provide the payment for your own Meralco Meter deposit (the Meralco Meter will be under your name), the Monthly Association Dues, and other miscellaneous fees from the Property Management.
When do I start paying Association Dues?
Once the unit has been turned over, you will be obliged to settle the association dues, whether the unit is occupied or not. For example, if a unit had been turned over in July, but you did not move in until August, you are still obliged to settle the Association Dues for July.
