-
Presidential Decree vs. Executive Order?
This is the Youtube Channel of 'Cebu City-based' Private Lawyer ATTY. JAN EDMOND YNCIERTO - RUZ. You can check my facebook account and contact details at the end of every video.
-------------------------------------------------
After the rain by Rexlambo https://soundcloud.com/rexlambo
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
Free Download / Stream: https://bit.ly/_after-the-rain
Music promoted by Audio Library https://youtu.be/IcH1Qc7NkBo
published: 12 Sep 2020
-
What is Presidential Decree No 464
Welcome to JF Property Group. We are here to help find the right property for you. Whether it’s the home you’ve always dreamt of or a plot of land you want to invest in for future development, we are committed in our endeavor to provide the same level of professional service and dedication to all of our clients. Most importantly, we are passionate about what we do and look forward to the opportunity of working with you to find your perfect property.
For more info you may contact us:
Cellphone: 09338161046 / 09171539608
Sales: [email protected]
Inquiries: [email protected]
Facebook page: JFpropertygroup
Link: https://www.facebook.com/jfpropertygroup
Web: www.jfpropertygroup.com
#JFpropertygroup
#Propertyforsale
#Propertyvalue
#Philippines
#Property ...
published: 01 Nov 2021
-
Presidential Decree Relieving Jonglei State Minister of Trade & Industry
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Presidential decree relieving Jonglei State Minister of Trade and industry Kassara Tiop.
South Sudan Global TV (SSGTV) News
South Sudan Global News
South Sudan Latest News
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South Sudan latest music
#SouthSudanNews
2023 | SSGTV South Sudan Global
published: 08 Jul 2023
-
CLOA TITLE & EMANCIPATION PATENT TITLE | SALE, MORTGAGE, TRANSFER
CLOA TITLE, EMANCIPATION PATENT TITLE, DAR CLEARANCE, PD 27, RA 6657, AGRICULTURAL TENANTS, LAND TENANCY, SALE OF AGRICULTURAL LAND, BUYING FARM LAND, AGRARIAN REFORM BENEFICIARIES, Comprehensive Agrarian Reform Law; Agrarian Reform Program
CLOA Title at Emancipation Patent Title, pwede bang ibenta, isangla o iprenda, o i-transfer sa iba? Kailan kailangan ang DAR clearance? Department of Agrarian Reform;
Certificate of Land Ownership Award at Emancipation Patent, magkaiba ba?
PD 27 at RA 6657; Agricultural Tenants; Landowner; Retention Limit; Rice and Corn Lands; Land title; Original Certificate of Title; Transfer Certificate of Title; Register of Deeds; Land Bank of the Philippines; Buying an agricultural land in the Philippines; Buying land in the Philippines; How to buy land in the Ph...
published: 23 Mar 2022
-
presidential decree for the relieve and appointment of the Governor or Lakes State 2021
published: 09 Jun 2021
-
Can I Get My Money Back If Developer Delays Turnover?
Did you know that when the developer is at fault, you can demand to get the full amount of your investment? You can even demand for damages as you deem fit.
Let’s start with the Presidential Decree No. 957 otherwise known as “Subdivision and Condominium Buyer’s Protective Decree.” This was initiated by the late President Ferdinand Marcos on July 12, 1976 and applied with the latest revised implementing rules and regulations in 2009.
WHAT DOES IT DO?
The primary purpose of this decree is to protect the buyers of condominium projects and subdivision developments against misrepresentations and fraudulent activities of developers, sellers and operators.
Section 9 of the PD 957 talks about the revocation of registration certificate and license to sell.
This is upon a verified valid complaint...
published: 17 Sep 2020
-
PRESIDENTIAL DECREE 442
GROUP 1 MOLAVE
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
published: 29 Sep 2019
-
Presidential Decree 1727 Explained
Discussion of the Presidential Decree 1727
published: 31 Jan 2021
-
HB Law Enforcement Administration by CHAPS (JC Espejo) July-Aug. 2024
published: 30 Jul 2024
-
PRESIDENTIAL DECREE 442
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
published: 21 Oct 2019
3:50
Presidential Decree vs. Executive Order?
This is the Youtube Channel of 'Cebu City-based' Private Lawyer ATTY. JAN EDMOND YNCIERTO - RUZ. You can check my facebook account and contact details at the en...
This is the Youtube Channel of 'Cebu City-based' Private Lawyer ATTY. JAN EDMOND YNCIERTO - RUZ. You can check my facebook account and contact details at the end of every video.
-------------------------------------------------
After the rain by Rexlambo https://soundcloud.com/rexlambo
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
Free Download / Stream: https://bit.ly/_after-the-rain
Music promoted by Audio Library https://youtu.be/IcH1Qc7NkBo
https://wn.com/Presidential_Decree_Vs._Executive_Order
This is the Youtube Channel of 'Cebu City-based' Private Lawyer ATTY. JAN EDMOND YNCIERTO - RUZ. You can check my facebook account and contact details at the end of every video.
-------------------------------------------------
After the rain by Rexlambo https://soundcloud.com/rexlambo
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
Free Download / Stream: https://bit.ly/_after-the-rain
Music promoted by Audio Library https://youtu.be/IcH1Qc7NkBo
- published: 12 Sep 2020
- views: 11314
1:37
What is Presidential Decree No 464
Welcome to JF Property Group. We are here to help find the right property for you. Whether it’s the home you’ve always dreamt of or a plot of land you want to i...
Welcome to JF Property Group. We are here to help find the right property for you. Whether it’s the home you’ve always dreamt of or a plot of land you want to invest in for future development, we are committed in our endeavor to provide the same level of professional service and dedication to all of our clients. Most importantly, we are passionate about what we do and look forward to the opportunity of working with you to find your perfect property.
For more info you may contact us:
Cellphone: 09338161046 / 09171539608
Sales:
[email protected]
Inquiries:
[email protected]
Facebook page: JFpropertygroup
Link: https://www.facebook.com/jfpropertygroup
Web: www.jfpropertygroup.com
#JFpropertygroup
#Propertyforsale
#Propertyvalue
#Philippines
#Property
#Realestateproperty
#Propertyprice
#House
#RealEstateAgent
https://wn.com/What_Is_Presidential_Decree_No_464
Welcome to JF Property Group. We are here to help find the right property for you. Whether it’s the home you’ve always dreamt of or a plot of land you want to invest in for future development, we are committed in our endeavor to provide the same level of professional service and dedication to all of our clients. Most importantly, we are passionate about what we do and look forward to the opportunity of working with you to find your perfect property.
For more info you may contact us:
Cellphone: 09338161046 / 09171539608
Sales:
[email protected]
Inquiries:
[email protected]
Facebook page: JFpropertygroup
Link: https://www.facebook.com/jfpropertygroup
Web: www.jfpropertygroup.com
#JFpropertygroup
#Propertyforsale
#Propertyvalue
#Philippines
#Property
#Realestateproperty
#Propertyprice
#House
#RealEstateAgent
- published: 01 Nov 2021
- views: 374
3:03
Presidential Decree Relieving Jonglei State Minister of Trade & Industry
SUBSCRIBE to SSGTV South Sudan Global
Get in touch with South Sudan Global (SSG)/South Sudan Global TV (SSGTV):
SUBSCRIBE: https://youtube.com/@SSGTVSouthSuda...
SUBSCRIBE to SSGTV South Sudan Global
Get in touch with South Sudan Global (SSG)/South Sudan Global TV (SSGTV):
SUBSCRIBE: https://youtube.com/@SSGTVSouthSudanGlobal
FACEBOOK: https://www.facebook.com/SouthSudanGlobal.SSGTV
TWITTER: https://twitter.com/ssgglobal-ssg
WEBSITE: https://southsudanglobal.com/
Presidential decree relieving Jonglei State Minister of Trade and industry Kassara Tiop.
South Sudan Global TV (SSGTV) News
South Sudan Global News
South Sudan Latest News
South Sudan Breaking News
South Sudan latest music
#SouthSudanNews
2023 | SSGTV South Sudan Global
https://wn.com/Presidential_Decree_Relieving_Jonglei_State_Minister_Of_Trade_Industry
SUBSCRIBE to SSGTV South Sudan Global
Get in touch with South Sudan Global (SSG)/South Sudan Global TV (SSGTV):
SUBSCRIBE: https://youtube.com/@SSGTVSouthSudanGlobal
FACEBOOK: https://www.facebook.com/SouthSudanGlobal.SSGTV
TWITTER: https://twitter.com/ssgglobal-ssg
WEBSITE: https://southsudanglobal.com/
Presidential decree relieving Jonglei State Minister of Trade and industry Kassara Tiop.
South Sudan Global TV (SSGTV) News
South Sudan Global News
South Sudan Latest News
South Sudan Breaking News
South Sudan latest music
#SouthSudanNews
2023 | SSGTV South Sudan Global
- published: 08 Jul 2023
- views: 1664
8:54
CLOA TITLE & EMANCIPATION PATENT TITLE | SALE, MORTGAGE, TRANSFER
CLOA TITLE, EMANCIPATION PATENT TITLE, DAR CLEARANCE, PD 27, RA 6657, AGRICULTURAL TENANTS, LAND TENANCY, SALE OF AGRICULTURAL LAND, BUYING FARM LAND, AGRARIAN ...
CLOA TITLE, EMANCIPATION PATENT TITLE, DAR CLEARANCE, PD 27, RA 6657, AGRICULTURAL TENANTS, LAND TENANCY, SALE OF AGRICULTURAL LAND, BUYING FARM LAND, AGRARIAN REFORM BENEFICIARIES, Comprehensive Agrarian Reform Law; Agrarian Reform Program
CLOA Title at Emancipation Patent Title, pwede bang ibenta, isangla o iprenda, o i-transfer sa iba? Kailan kailangan ang DAR clearance? Department of Agrarian Reform;
Certificate of Land Ownership Award at Emancipation Patent, magkaiba ba?
PD 27 at RA 6657; Agricultural Tenants; Landowner; Retention Limit; Rice and Corn Lands; Land title; Original Certificate of Title; Transfer Certificate of Title; Register of Deeds; Land Bank of the Philippines; Buying an agricultural land in the Philippines; Buying land in the Philippines; How to buy land in the Philippines; Buying a farm land in the Philippines; Mortgage of title; pwede bang isangla ang titulo ng lupa; pwede bang iprenda ang titulo ng lupa; Capital Gains Tax; Documentary Stamp Tax; BIR o Bureau of Internal Revenue; Transfer Tax; Tax Clearance; Land for the landless
———————
Republic Act No. 6657 (RA 6657)
June 10, 1988
AN ACT INSTITUTING A COMPREHENSIVE AGRARIAN REFORM PROGRAM TO PROMOTE SOCIAL JUSTICE AND INDUSTRIALIZATION, PROVIDING THE MECHANISM FOR ITS IMPLEMENTATION, AND FOR OTHER PURPOSES
———————
EXECUTIVE ORDER NO. 228 (EO 228)
July 17, 1987
DECLARING FULL LAND OWNERSHIP TO QUALIFIED FARMER BENEFICIARIES COVERED BY PRESIDENTIAL DECREE NO. 27: DETERMINING THE VALUE OF REMAINING UNVALUED RICE AND CORN LANDS SUBJECT TO P.D. NO. 27; AND PROVIDING FOR THE MANNER OF PAYMENT BY THE FARMER BENEFICIARY AND MODE OF COMPENSATION TO THE LANDOWNER
————————-
PRESIDENTIAL DECREE No. 27 (PD 27)
October 21, 1972
DECREEING THE EMANCIPATION OF TENANTS FROM THE BONDAGE OF THE SOIL, TRANSFERRING TO THEM THE OWNERSHIP OF THE LAND THEY TILL AND PROVIDING THE INSTRUMENTS AND MECHANISM THEREFOR
In as much as the old concept of land ownership by a few has spawned valid and legitimate grievances that gave rise to violent conflict and social tension,
The redress of such legitimate grievances being one of the fundamental objectives of the New Society,
Since Reformation must start with the emancipation of the tiller of the soil from his bondage,
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. 1 dated September 22, 1972, as amended do hereby decree and order the emancipation of all tenant farmers as of this day, October 21, 1972:
This shall apply to tenant farmers of private agricultural lands primarily devoted to rice and corn under a system of sharecrop or lease-tenancy, whether classified as landed estate or not;
The tenant farmer, whether in land classified as landed estate or not, shall be deemed owner of a portion constituting a family-size farm of five (5) hectares if not irrigated and three (3) hectares if irrigated;
In all cases, the landowner may retain an area of not more than seven (7) hectares if such landowner is cultivating such area or will now cultivate it;
For the purpose of determining the cost of the land to be transferred to the tenant-farmer pursuant to this Decree, the value of the land shall be equivalent to two and one-half (2 1/2) times the average harvest of three normal crop years immediately preceding the promulgation of this Decree;
The total cost of the land, including interest at the rate of six (6) per centum per annum, shall be paid by the tenant in fifteen (15) years of fifteen (15) equal annual amortizations;
In case of default, the amortization due shall be paid by the farmers' cooperative in which the defaulting tenant-farmer is a member, with the cooperative having a right of recourse against him;
The government shall guaranty such amortizations with shares of stock in government-owned and government-controlled corporations;
No title to the land owned by the tenant-farmers under this Decree shall be actually issued to a tenant-farmer unless and until the tenant-farmer has become a full-fledged member of a duly recognized farmer's cooperative;
Title to land acquired pursuant to this Decree or the Land Reform Program of the Government shall not be transferable except by hereditary succession or to the Government in accordance with the provisions of this Decree, the Code of Agrarian Reforms and other existing laws and regulations;
The Department of Agrarian Reform through its Secretary is hereby empowered to promulgate rules and regulations for the implementation of this Decree.
All laws, executive orders, decrees and rules and regulations, or parts thereof, inconsistent with this Decree are hereby repealed and or modified accordingly.
Done in the City of Manila, this 21st day of October, in the year of Our Lord, nineteen hundred and seventy-two.
https://wn.com/Cloa_Title_Emancipation_Patent_Title_|_Sale,_Mortgage,_Transfer
CLOA TITLE, EMANCIPATION PATENT TITLE, DAR CLEARANCE, PD 27, RA 6657, AGRICULTURAL TENANTS, LAND TENANCY, SALE OF AGRICULTURAL LAND, BUYING FARM LAND, AGRARIAN REFORM BENEFICIARIES, Comprehensive Agrarian Reform Law; Agrarian Reform Program
CLOA Title at Emancipation Patent Title, pwede bang ibenta, isangla o iprenda, o i-transfer sa iba? Kailan kailangan ang DAR clearance? Department of Agrarian Reform;
Certificate of Land Ownership Award at Emancipation Patent, magkaiba ba?
PD 27 at RA 6657; Agricultural Tenants; Landowner; Retention Limit; Rice and Corn Lands; Land title; Original Certificate of Title; Transfer Certificate of Title; Register of Deeds; Land Bank of the Philippines; Buying an agricultural land in the Philippines; Buying land in the Philippines; How to buy land in the Philippines; Buying a farm land in the Philippines; Mortgage of title; pwede bang isangla ang titulo ng lupa; pwede bang iprenda ang titulo ng lupa; Capital Gains Tax; Documentary Stamp Tax; BIR o Bureau of Internal Revenue; Transfer Tax; Tax Clearance; Land for the landless
———————
Republic Act No. 6657 (RA 6657)
June 10, 1988
AN ACT INSTITUTING A COMPREHENSIVE AGRARIAN REFORM PROGRAM TO PROMOTE SOCIAL JUSTICE AND INDUSTRIALIZATION, PROVIDING THE MECHANISM FOR ITS IMPLEMENTATION, AND FOR OTHER PURPOSES
———————
EXECUTIVE ORDER NO. 228 (EO 228)
July 17, 1987
DECLARING FULL LAND OWNERSHIP TO QUALIFIED FARMER BENEFICIARIES COVERED BY PRESIDENTIAL DECREE NO. 27: DETERMINING THE VALUE OF REMAINING UNVALUED RICE AND CORN LANDS SUBJECT TO P.D. NO. 27; AND PROVIDING FOR THE MANNER OF PAYMENT BY THE FARMER BENEFICIARY AND MODE OF COMPENSATION TO THE LANDOWNER
————————-
PRESIDENTIAL DECREE No. 27 (PD 27)
October 21, 1972
DECREEING THE EMANCIPATION OF TENANTS FROM THE BONDAGE OF THE SOIL, TRANSFERRING TO THEM THE OWNERSHIP OF THE LAND THEY TILL AND PROVIDING THE INSTRUMENTS AND MECHANISM THEREFOR
In as much as the old concept of land ownership by a few has spawned valid and legitimate grievances that gave rise to violent conflict and social tension,
The redress of such legitimate grievances being one of the fundamental objectives of the New Society,
Since Reformation must start with the emancipation of the tiller of the soil from his bondage,
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. 1 dated September 22, 1972, as amended do hereby decree and order the emancipation of all tenant farmers as of this day, October 21, 1972:
This shall apply to tenant farmers of private agricultural lands primarily devoted to rice and corn under a system of sharecrop or lease-tenancy, whether classified as landed estate or not;
The tenant farmer, whether in land classified as landed estate or not, shall be deemed owner of a portion constituting a family-size farm of five (5) hectares if not irrigated and three (3) hectares if irrigated;
In all cases, the landowner may retain an area of not more than seven (7) hectares if such landowner is cultivating such area or will now cultivate it;
For the purpose of determining the cost of the land to be transferred to the tenant-farmer pursuant to this Decree, the value of the land shall be equivalent to two and one-half (2 1/2) times the average harvest of three normal crop years immediately preceding the promulgation of this Decree;
The total cost of the land, including interest at the rate of six (6) per centum per annum, shall be paid by the tenant in fifteen (15) years of fifteen (15) equal annual amortizations;
In case of default, the amortization due shall be paid by the farmers' cooperative in which the defaulting tenant-farmer is a member, with the cooperative having a right of recourse against him;
The government shall guaranty such amortizations with shares of stock in government-owned and government-controlled corporations;
No title to the land owned by the tenant-farmers under this Decree shall be actually issued to a tenant-farmer unless and until the tenant-farmer has become a full-fledged member of a duly recognized farmer's cooperative;
Title to land acquired pursuant to this Decree or the Land Reform Program of the Government shall not be transferable except by hereditary succession or to the Government in accordance with the provisions of this Decree, the Code of Agrarian Reforms and other existing laws and regulations;
The Department of Agrarian Reform through its Secretary is hereby empowered to promulgate rules and regulations for the implementation of this Decree.
All laws, executive orders, decrees and rules and regulations, or parts thereof, inconsistent with this Decree are hereby repealed and or modified accordingly.
Done in the City of Manila, this 21st day of October, in the year of Our Lord, nineteen hundred and seventy-two.
- published: 23 Mar 2022
- views: 44787
7:39
Can I Get My Money Back If Developer Delays Turnover?
Did you know that when the developer is at fault, you can demand to get the full amount of your investment? You can even demand for damages as you deem fit.
Le...
Did you know that when the developer is at fault, you can demand to get the full amount of your investment? You can even demand for damages as you deem fit.
Let’s start with the Presidential Decree No. 957 otherwise known as “Subdivision and Condominium Buyer’s Protective Decree.” This was initiated by the late President Ferdinand Marcos on July 12, 1976 and applied with the latest revised implementing rules and regulations in 2009.
WHAT DOES IT DO?
The primary purpose of this decree is to protect the buyers of condominium projects and subdivision developments against misrepresentations and fraudulent activities of developers, sellers and operators.
Section 9 of the PD 957 talks about the revocation of registration certificate and license to sell.
This is upon a verified valid complaint and satisfactory evidence by the buyer against the property developers or operators, of the following grounds:
a. Is insolvent; or
b. has violated any of the provisions of this decree or any applicable rule or regulation of the authority, or any undertaking of his/its performance bond; or
c. has been or is engaged or is about to engage in fraudulent transactions; or
d. has made any misrepresentation in any prospectus, brochure, circular or other literature about the subdivision project or condominium project that has been distributed to prospective buyers; or
e. is of bad business repute; or
f. does not conduct his business in accordance with law or sound business principles
HOW ABOUT THE MOST COMMON SCENARIO WHICH IS THE DELAYED TURN OVER?
Aside from revocation of registration certificate and license to sell SECTION 23 OF P.D. 957 covers the most common dilemma of property buyers, delay in the delivery of the project.
SECTION 23. Non-Forfeiture of Payments.
No installment payment made by a buyer in a new or existing subdivision or condominium project for the lot or unit he contracted to buy shall be forfeited in favor of the owner or developer when the buyer, after due notice to the owner or developer desists from further payment due to the failure of the owner or developer to develop the project according to the approved plans and within the time limit for complying with the same. Such buyer may at his option be reimbursed the total amount paid including amortization interests but excluding delinquency interests, with interest thereon at the legal rate.
YOU CAN DO 2 THINGS:
1. Stop from further payment after due notice to the developer of the project and clearance from the DHSUD, or Dept of Human Settlement and Urban Development formerly known as HLURB as mandated in the 2009 revised implementing rules and regulations for the decree. YOU DEMAND TO BE REIMBURSED THE TOTAL AMOUNT PAID including amortization interests but excluding delinquency interests, with interest thereon at the legal rate.
2. DEMAND TO HASTEN THE TURNOVER OF YOUR UNIT.
If you are going in this direction, I recommend these steps to accelerate progress of your case.
1. Keep your payments updated and keep all receipts.
2. If bank guarantee was required, ensure that this is also accomplished with documents
3. Review the CTS or Contract to Sell carefully. There is a provision of the expected turnover in that document.
4. Consult with your lawyer and have a written demand notice or letter to be sent to your developer stating your complaint and demands.
In summary, you can demand for full reimbursement once your property turnover is delayed whether it is a condo or a house and lot. You are protected by PD 957 and can file a complaint with DHSUD, or Dept of Human Settlement and Urban Development formerly known as HLURB.
Unfortunately, the COVID19 pandemic has stalled the real estate development and this is a major reason for the delayed turnover and is not the developers’ fault, so this is not covered by PD 957. So, I recommend you check with your real estate agent on the new estimate of turnover so it can align with your plan and expectation.
But nonetheless, real estate remains to be one of the best forms of investment you can have. It is your way to prepare for your future and the future of your family. There maybe be unexpected delays on the development of your condo or house and lot but if the wait time is reasonable, you do not have to pull the trigger right away. As long as you remain in communication with your agent and the developer is transparent about the progress, then you should be okay.
Once again this is George Ryan Sarmago, thank you for watching and if you learned something, hit on the like button.
Peace.
https://wn.com/Can_I_Get_My_Money_Back_If_Developer_Delays_Turnover
Did you know that when the developer is at fault, you can demand to get the full amount of your investment? You can even demand for damages as you deem fit.
Let’s start with the Presidential Decree No. 957 otherwise known as “Subdivision and Condominium Buyer’s Protective Decree.” This was initiated by the late President Ferdinand Marcos on July 12, 1976 and applied with the latest revised implementing rules and regulations in 2009.
WHAT DOES IT DO?
The primary purpose of this decree is to protect the buyers of condominium projects and subdivision developments against misrepresentations and fraudulent activities of developers, sellers and operators.
Section 9 of the PD 957 talks about the revocation of registration certificate and license to sell.
This is upon a verified valid complaint and satisfactory evidence by the buyer against the property developers or operators, of the following grounds:
a. Is insolvent; or
b. has violated any of the provisions of this decree or any applicable rule or regulation of the authority, or any undertaking of his/its performance bond; or
c. has been or is engaged or is about to engage in fraudulent transactions; or
d. has made any misrepresentation in any prospectus, brochure, circular or other literature about the subdivision project or condominium project that has been distributed to prospective buyers; or
e. is of bad business repute; or
f. does not conduct his business in accordance with law or sound business principles
HOW ABOUT THE MOST COMMON SCENARIO WHICH IS THE DELAYED TURN OVER?
Aside from revocation of registration certificate and license to sell SECTION 23 OF P.D. 957 covers the most common dilemma of property buyers, delay in the delivery of the project.
SECTION 23. Non-Forfeiture of Payments.
No installment payment made by a buyer in a new or existing subdivision or condominium project for the lot or unit he contracted to buy shall be forfeited in favor of the owner or developer when the buyer, after due notice to the owner or developer desists from further payment due to the failure of the owner or developer to develop the project according to the approved plans and within the time limit for complying with the same. Such buyer may at his option be reimbursed the total amount paid including amortization interests but excluding delinquency interests, with interest thereon at the legal rate.
YOU CAN DO 2 THINGS:
1. Stop from further payment after due notice to the developer of the project and clearance from the DHSUD, or Dept of Human Settlement and Urban Development formerly known as HLURB as mandated in the 2009 revised implementing rules and regulations for the decree. YOU DEMAND TO BE REIMBURSED THE TOTAL AMOUNT PAID including amortization interests but excluding delinquency interests, with interest thereon at the legal rate.
2. DEMAND TO HASTEN THE TURNOVER OF YOUR UNIT.
If you are going in this direction, I recommend these steps to accelerate progress of your case.
1. Keep your payments updated and keep all receipts.
2. If bank guarantee was required, ensure that this is also accomplished with documents
3. Review the CTS or Contract to Sell carefully. There is a provision of the expected turnover in that document.
4. Consult with your lawyer and have a written demand notice or letter to be sent to your developer stating your complaint and demands.
In summary, you can demand for full reimbursement once your property turnover is delayed whether it is a condo or a house and lot. You are protected by PD 957 and can file a complaint with DHSUD, or Dept of Human Settlement and Urban Development formerly known as HLURB.
Unfortunately, the COVID19 pandemic has stalled the real estate development and this is a major reason for the delayed turnover and is not the developers’ fault, so this is not covered by PD 957. So, I recommend you check with your real estate agent on the new estimate of turnover so it can align with your plan and expectation.
But nonetheless, real estate remains to be one of the best forms of investment you can have. It is your way to prepare for your future and the future of your family. There maybe be unexpected delays on the development of your condo or house and lot but if the wait time is reasonable, you do not have to pull the trigger right away. As long as you remain in communication with your agent and the developer is transparent about the progress, then you should be okay.
Once again this is George Ryan Sarmago, thank you for watching and if you learned something, hit on the like button.
Peace.
- published: 17 Sep 2020
- views: 12042
1:36
PRESIDENTIAL DECREE 442
GROUP 1 MOLAVE
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowTo...
GROUP 1 MOLAVE
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
https://wn.com/Presidential_Decree_442
GROUP 1 MOLAVE
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
- published: 29 Sep 2019
- views: 2749
1:43
PRESIDENTIAL DECREE 442
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free to...
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
https://wn.com/Presidential_Decree_442
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
- published: 21 Oct 2019
- views: 886