SUMMIT POINT

RESIDENTIAL ESTATES
GOLF AND COUNTRY CLUB
LIPA CITY, BATANGAS
FREQUENTLY ASKED QUESTIONS (FAQ)
I. GOLF MEMBER and GOLF SHARES
a. HOW MANY ARE THE CURRENT MEMBERS OF THE SUMMIT POINT
GOLF CLUB?
Ans : There are currently 485 active members.
. HOW DOES ONE BECOME A MEMBER?
Ans.:
i : The purchase of a fairway lot is inclusive with a Golf Share. A share is valued at
Php 5!. "ne lot is one share.
ii : The purchase if a re#ular residential lot is inclusive of a $ountry $lub Share.
iii : There are two types of shares. Gold and Silver Shares. The Gold Shares are #olf
and country shares. The Silver Shares are country club shares only.
!. APPLICATION PROCEDURE
i : %pon reservation payment of a lot purchase! the buyer will be #iven the
application form to be accomplished.
The form should be accompanied with the followin# :
&Php '5! chec( payable to Summit Point Golf $lub for processin# fee.
&)our pieces ' * ' +, photos
&Photocopy of documents showin# relation with dependents.
d. CO"ERAGE OF MEMBERSHIP
i : A membership covers the primary member! his spouse and children that are '5
years and below.
ii : ,ocuments needed are marria#e contract! birth certificates of children!
$-."/A0 for children '1 to '5 years of a#e.
#. BILLING
i : 2illin# is done every 3th day of the month and the member can pay throu#h ban(
deposits.
ii : Payment delin4uency of 5 days will mean that their member privile#es will be
suspended.
$. RECIPROCITY ARRANGEMENT
i : All #olf shareholders of Summit Point can play at any Sta. 6ucia Golf $ourse
anywhere in the country at 57 discount on #reen fees based on accompanied rates.
ii : Arran#ement for the use of the other Golf $ourses must be coordinated with the
membership office of Summit Point.
II. THE SUMMIT POINT COUNTRY CLUB
A. COUNTRY CLUB SHARE
1. DESCRIPTION
a. +t is incorporated in the purchase of a re#ular lot.
b. The $ountry $lub Share will be called Silver Share and for now has an estimated
value of
Php 1'5!
c. )or those previous lot buyers! the $ountry $lub Shares are available at a promo
price of
Php 1!
d. Terms of payments is identical to the terms and payment of the lot.
2. PROCESSING FEE
a. Processin# )ee for the $ountry $lub Share is Php 5!
b. There is an on#oin# promo wherein if the buyer activates within 3 days!
processin# fee is waived. Promo period until ,ecember '14.
c. +f the buyer activates within 3 months! 57 discount on Processin# )ee.
3. COUNTRY CLUB MEMBERSHIP DUES
a. Accordin# to the by&laws of the Golf $lub! membership fees for the $ountry $lub
is at 57 of the dues at the #olf club.
b. 8owever! durin# the promo period of 9une 1 to ,ecember :1! '14! monthly dues
is at Php 1! per month with Php 5 G) consumable on facility use..
4. PROCESSING OF COUNTRY CLUB SHARES
a. Similar to the Golf Shares! upon reservation payment of a lot purchase! the buyer
will be #iven the application form to be accomplished.
The form should be accompanied with the followin# :
&Php 5! chec( payable to Summit Point Golf $lub for processin# fee.
&)our pieces ' * ' +, photos
&Photocopy of documents showin# relation with dependents.
$overa#e of membership is similar to th Golf Shares also.
6. USE OF THE FACILITY
a. The club has desi#nated a membership des( to answer all your resrvation
re4uirements.
b. Any restrictions on the use of the facilities is posted prominently in the Golf and
$ountry $lub areas.
7. RATES
a. There are three types of rates also! /ember! Accompanied! and %naccompanied.
b. )or the %naccompaniedGuests! the /ember should submi a letter via letter or fa*
statin# the name;s of the Guests that he is sponsorin#.
8. BILLING
a. 2illin# procedure is the same with the Golf Shares.
III. OWNERSHIP OF SHARES
A. ISSUANCE OF CERTIFICATES
1. The club is finali<in# the details for the issuance of certificates of shares.
B. TRANSFER OF SHARES
1. $an the shares alone be sold or transferred= As of the moment! it is still tied up with
the lot.
$. FOR MULTIPLE INNER RESIDENTIAL LOT BUYERS, ONLY ONE SHARE
IS THE REQUIREMENT.