BUYERS’ GUIDE - DMCI Homes Communities

BUYERS' GUIDE

Owning a DMCI Homes Property

BUYERS' GUIDE TO OWNING A DMCI HOMES PROPERTY

Thank you for making the smart choice of choosing DMCI Homes. We are truly honored to be part of your family. Allow us to welcome you by guiding you through the important steps of owning a home.

Here, each step has been detailed and outlined to make owning your new DMCI Home a truly hassle-free experience.

ABOUT DMCI HOMES

DMCI Homes is a company of innovative builders and engineering experts that develops modern day living solutions for urban families. Each development is built with world-standard craftsmanship borne from D.M. Consunji Inc.'s 60 years of expertise in the construction and development industry. Its corporate philosophy is anchored on a deep understanding that buying a home is an investment for a better way of living. Thanks to feature-rich, ideally located communities, residents can finally enjoy a more comfortable and meaningful way of life where they can feel real good to be home.

Disclaimer: The contents herein are subject to change without prior notice and do

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not constitute an offer of contract.

TABLE OF CONTENTS

Documentary Requirements and Procedures

Cash Payment Term

5

In-House Financing Payment Term

6

Bank Financing Payment Term

7

Payment via Remittance for International Buyers

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Miscellaneous Expenses and other Related Costs

10

Clearance for Turnover

10

Title Transfer

10

Requirements and Procedures on Amendments in Documents

Change of Name / Transfer of Ownership

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Additional Ownership

12

Omission of Name

13

Change of Personal Information or Contact Details

13

Transfer of Project or Unit

14

Financing Requirements and Procedures

Statement of Account

15

Official Receipts

15

Holding of Checks

16

Pull-out or Replacement of Checks

16

Penalties

16

Loan Restructuring

17

Cancellation of Account

18

Client Inititated Back-out

18

Tandem and Non-installation of Finishes and Partitions Requests and Turnover Process

Tandem Units Non-Installation of Finishes and Partitions Turnover Process

Unit Warranty

19 19 20 20

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Property Management Services and Payment Obligations

Condominium Corporation

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DMCI Homes Property Management Corporation (DPMC)

21

Property Management Office (PMO)

21

PMO Responsibilities and Services

21

Association Dues

22

Real Estate Property Tax on Unit

22

Special Assessment Fees

23

Insurance Expenses

Real Estate Property Tax on Common Areas

Major Repairs and Maintenance

Permits and Licenses

Leasing of Units

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DMCI Homes Hotline Numbers

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DOCUMENTARY REQUIREMENTS AND PROCEDURES

CASH PAYMENT

DAYS 1 TO 7 FROM RESERVATION DATE Upon reservation of your chosen unit, a welcome letter shall be given as gratitude for making DMCI Homes your choice. To facilitate the documentation process and to complete your unit's reservation transaction, you must submit the following documents to your Sales Agent: 1. Signed Reservation Agreement and Reservation Fee Receipt 2. Signed Client Registration Form 3. Signed Computation Sheet 4. Photocopy of either Tax Identification No. (TIN) or BIR Form 1904 5. Photocopy of any valid Government issued ID/s with signature 6. Notarized Special Power of Attorney (SPA), for local accounts and

Consularized SPA for international accounts (if applicable) 7. Deed of Undertaking for international accounts (if applicable) 8. Proof of Billing Address (must be the latest billing statement)

Once all requirements have been submitted, your Sales Agent shall endorse your documents and all other necessary requirements to the Documents and Inventory Control Department for the preparation of the Deed of Absolute Sale (DOAS).

All requirements and payments must be completed within thirty (30) days. Otherwise, your reservation will be forfeited and cancelled.

DAYS 8 TO 15 Once your documents have been properly endorsed, it will usually take one (1) to two (2) working days to prepare your DOAS. While your DOAS is being drafted, we will send you a copy of the Reservation Agreement.

DAYS 16 TO 30 Your DOAS is now ready to be released, which you will be given fifteen (15) days to review. Should the documents be in order, you will need to sign the DOAS and return it to your Sales Agent.

RELEASE OF DOAS Photocopy of DOAS: One (1) day upon request Notarized DOAS: One (1) year from the date of full payment along with the transferred title and tax declaration in your name

Upon clearance of the full payment, you will be issued a Clearance for Turnover. You will then be endorsed to the Turnover Department for unit inspection.

For cash buyers of Non-RFO projects, there will be a Php50,000.00 retention amount that will be payable upon RFO of the unit purchased (to complete the total contract price) and the contract will remain as CTS until such time.

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IN-HOUSE FINANCING and BANK FINANCING

DAYS 1 TO 7 FROM RESERVATION DATE Upon reservation of your chosen unit, a welcome letter shall be given as gratitude for making DMCI Homes your choice. To facilitate the documentation process and to complete your unit's reservation transaction, you must submit the following documents to your Sales Agent: 1. Signed Reservation Agreement and Reservation Fee Receipt 2. Signed Client Registration Form 3. Signed Computation Sheet 4. Photocopy of either Tax Identification No. (TIN) or BIR Form 1904 5. Photocopy of any valid Government issued ID/s with signature 6. Notarized Special Power of Attorney (SPA), for local accounts and

Consularized SPA for international accounts (if applicable) 7. Deed of Undertaking for international accounts (if applicable) 8. Proof of Billing Address (must be the latest billing statement) 9. Birth Certificate for Minors / Marriage Contract for Newlyweds without

Updated IDs

Once all requirements have been submitted, your Sales Agent shall endorse your documents and all other necessary requirements to the Documents and Inventory Control Department for the preparation of the Contract to Sell (CTS).

All documentary requirements and payments must be completed within thirty (30) days. Otherwise, your reservation will be forfeited and cancelled.

DAYS 8 TO 15 Once your documents have been properly endorsed, verification of contact information and personal details will be conducted. Once Notice of Approval has been released, it usually takes one (1) to two (2) working days to prepare your CTS.

DAYS 16 TO 30 Your CTS is now ready to be released and you will be given fifteen (15) days to do the following: 1. Review and evaluate the terms and conditions in the Contract to Sell (CTS) 2. Prepare the required number of Post-Dated Checks (PDCs) covering your

down payment: ? If unit is still under construction, PDCs should cover the entire down

payment period ? If unit is ready for occupancy (RFO), minimum of 24 PDCs ? If chosen payment method is cash upon turnover (RFO or NON-RFO),

PDCs should cover the entire down payment period and balance ? If chosen payment method is through bank financing, PDCs should

cover the entire down payment period ? If payment period is under 10 years in-house financing, PDCs should

cover the entire down payment and the first 5 years monthly amortization

Should the documents be in order, you will need to sign your CTS and return it to your Sales Agent.

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RELEASE OF CTS Notarized CTS: Thirty (30) days from the date of closing the sale with complete documents.

For In-House Financing, upon clearing of the required down payment and submission of complete PDCs (60), you will be issued a Clearance for Turnover. You will then be endorsed to our Turnover Department unit inspection.

BANK FINANCING PAYMENT TERM

For direct bank financing, a duly accomplished loan application form with the following pre-approval requirements must be submitted to your Sales Agents, preferred accredited bank, or DMCI Homes Bank Financing Helpdesk four (4) months before the due date of the bank financing schedule for processing of your bank loan approval:

IF EMPLOYED WITHIN THE PHILIPPINES 1. Certificate of Employment (COE) stating annual salary and position 2. Latest Income Tax Return (ITR) 3. Pay Slips (past 2 months) 4. Proof of Billing Address (must be the latest billing statement) 5. Bank Statements

IF OVERSEAS FILIPINO WORKER (OFW) 1. POEA Authenticated Contract (seaman) 2. COE Authenticated by Philippine Consulate (direct hired)

IF SELF-EMPLOYED 1. Business Name (DTI-Certified) or SEC Registration 2. Articles of Incorporation and By-laws with SEC Registration Certificates 3. List of Trade References (at least 3 names and contact numbers of major

suppliers and/or customers) 4. Audited Financial Statements for the past two (2) years 5. Bank Statements for the past six (6) months 6. Proof of Billing Address (must be the latest billing statement)

IF PRACTICING DOCTOR 1. Clinic address/es and schedule 2. Bank Statements for the past six (6) months

IF INCOME IS FROM RENTAL OF PROPERTIES 1. List of tenants and rental amount 2. Complete address/es of properties being rented 3. Bank Statements for the past six (6) months

When approved by your bank, you will be issued a Letter of Guaranty (LOG) which must be submitted to the Financing Department.

Release of your loan normally takes five (5) to seven (7) working days from receipt of conformed LOG, settlement and submission of the following postapproval requirements:

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1. Conformed Letter of Guaranty (LOG) and Deed of Undertaking (DOU) 2. Signed Loan Documents

? Deed of Assignment ? Promissory Note ? Real Estate Mortgage ? Special Power of Attorney Note: Signed & settled to the bank prior to the release of the Bank Guaranty (Bank Process) 3. Other requirements ? Post-dated checks or Auto-Debit Agreement ? Mortgage Redemption Insurance (MRI) ? Insurance of the property to be financed

? For Condominiums (Fire/Earthquake insurance endorsement), policy and photocopy of the official receipt can be obtained from the Property Management office of your project

? For completed House and Lot, insurance should be obtained from a reputable and accredited insurance company

Note: Signed & settled to the bank prior to the release of the Bank Guaranty (Bank Process) 4. Payment of bank charges, which include Documentary Stamp Tax, Notarial and Mortgage Fees 5. Developer Requirements ? Payment for the required down payment amount based on the

restructured computation sheet (if applicable) ? Full settlement of unpaid down payment (if applicable) ? Full settlement of miscellaneous expenses and other related costs (if

applicable) ? Full settlement of real estate tax (if applicable) ? Signed Contract to Sell (CTS) and conformed restructured computation

/ Statement of Account (SOA)

Note: Signed & settled to DMCI Homes prior to loan release. (DMCI Homes Process) For Bank Financing, upon clearing of the required down payment and bank loan release, you will be issued a Clearance for Turnover. You will then be endorsed to our Turnover Department for unit inspection.

Below is the list of accredited banks:

? BDO

? BPI / BPI Family

? Chinabank / Chinabank Savings

? HSBC

? Malayan Bank

? Metrobank

? PNB

? PSBank

? Security Bank Savings

? UCPB

? RCBC Savings Bank

? AUB (Asia United Bank)

? Bank of Commerce

? EastWest Bank

? Maybank

? Philippine Business Bank

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Robinsons Bank

To request for change of payment terms for the balance from In-House Financing to Bank Financing, the same procedure shall be followed. However, upon submission of Letter of Guaranty (LOG) to the Financing Department, the request will be endorsed to the Credit & Collection Department for the issuance of latest statement of account & to the Remedial Department for facilitation of your restructured computation sheet, which normally takes ten (10) working days for releasing from the date of receipt. The restructured computation sheet requires your conformity within five (5) days from the date of issuance. All checks that will mature within thirty (30) days from the date we received the Letter of Guaranty will be deposited and considered in the computation as part of payments made.

PAYMENT VIA REMITTANCE FOR INTERNATIONAL BUYERS

In order to promptly and properly monitor your remittances, DMCI Homes has made arrangement with banks in facilitating remittances with the following procedure:

1. Go to your nearest remittance center / partner bank. 2. Fill-out remittance slip form / remittance application.

MANDATORY FIELDS DESCRIPTION

Remitter name

Name of person sending the payment

Beneficiary name

DMCI Project Developers Inc.

Subscriber name

Name of buyer

Subscriber number Remitter code / Policy number

Document number Reference number

Amount of remittance Total amount of amortization payment in Php

Remittances made without the above required information will not be processed by tie-up bank's foreign branches and offices / remittance centers.

Collection Center Agent shall encode the account number. If correct, Agent

shall proceed with the transaction. If not, "Invalid Account" shall appear on

the screen and the Agent will not accept the remittance.

Note: Your remitter code is your policy number. Please do not lose this

account number.

3. Inform Collection Center Agent of the remittance amount in peso value.

Agent shall convert the peso amount to the equivalent foreign currency.

4. The usual remittance bank charges or service fee will be at the account

of the buyer. The service fee will depend on the charges applied by the

originating foreign branch or office.

5. A validated Official Receipt (as proof of remittance) shall be issued to the

buyer by the Bank's foreign branch or office/remittance center.

6. Remittance will be credited to DMCI Homes account within 24 hours from

date of remittance. Thus, remittance must be made within one (1) working

day prior to amortization due date to avoid incurrence of penalties caused

by late payment. DMCI Homes will issue Official Receipt (OR) as proof

of payment for the purchased DMCI Homes property based on the date

payment was credited to the DMCI Homes account.

7. It is best to keep a copy of the remittance slip or validated official receipt

issued by the remittance center/tie-up bank in case there will be a need to

reconcile actual remittances made.

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