Republic of the Philippines
RD Realty Development Corporation
Gensan Business Park, National High, Brgy. Lagao
PARALEGAL – ADMINISTRATIVE DEPARTMENT
Department Concerned
Richmond Land Innovations, Inc.
Richmond Land Innovations, Inc.
Richmond Land Innovations, Inc.
Richmond Land Innovations, Inc.
South Cotabato Philippines
ACCOMPLISHMENT REPORT
Kristoffer C. Asetre
April 12, 2021 – June 29, 2021
Issues and Objective
Collect the overdue balance of
Tetchie O. Niedo arising from
non-payment of the purchase
price of her unit at Norfolk
Pine Subdv., otherwise,
immediately repossess the
subject unit.
The Contract to Sell with
Carmelo Bolanio involving a lot
located at Norfolk Pine Subdv.
was rescinded thru notarial
act, effective on July 6, 2021.
Merlyn Superio’s case is similar
to the case of preceding client.
Her contract to sell is
effectively terminated on July
6, 2021.
A transfer of certificate of title
(TCT) over a certain lot at
Norfolk Pine Subd. was issued
in the Cherrie Mae Rivera for
the purpose of securing a
housing loan with Housing
Development Mutual Fund
(HMDF). A Notice of Rescission
was then sent. However, no
Remarks
On June 22, 2021, Tetchi Niedo
through check paid the amount
of P650,000.00. However, it
should be noted that since there
was an interruption in her
occupancy, it would be
recommended that she be
issued another certificate of
occupancy.
Either allow the termination of
the contract and market the lot
to other interested persons or a
spot cash payment on the part
of the defaulting client prior to
July 6, 2021. Under the former
option, negotiate the amount
entitled after deducting
interests, penalties, and
liquidated damages as per the
contract.
Allow the termination of the
contract and market the lot to
other interested persons or a
spot cash payment on the part
of the defaulting client prior to
July 6, 2021. Under the former
option, negotiate the amount
entitled after deducting
interests, penalties, and
liquidated damages as per the
contract.
Since the grace period of sixty
(60) days from date of receipt of
the notice of rescission is
granted as a right to Cherrie
Mae, the Company should exert
efforts in reaching a mutually
desired result in the transaction
involved because transferring
the name of the TCT over the

Richmond Land Innovations, Inc.
Richmond Land Innovations, Inc.
Admin Department, Accounting
Department, and RD Corporation
Auditing Officers
update on the part of Cherrie
Mae Rivera as of writing.
A case was referred to the
Admin Department concerning
an Affidavit of Undertaking
executed by SEABEST in favor
of METROBANK whereby the
former shall convert an
existing road lot to a regular
lot to be then serve as a real
estate mortgage, among other
properties, in a long-term loan
agreement with said parties.
The old pro forma Contract to
Sell by Richmond did not
contain provisional safeguards
in case of disputes or issue
arising from the agreement.
Further, there were several
stipulations susceptible to
ambiguity, vagueness, and
misinterpretation, thus
resulting to difficulty in its
enforcement.
An external audit was
requested as regards the
separation pay of former
General Manager Gerry
Porsuelo. During the audit
process, various discussions on
regards company policy, labor
code, implementing rules &
regulations, as well as
Supreme Court decisions were
conducted with the
departments concerned.
subject in the name of
Richmond would entail a tedious
process.
Prior action was not advisable
(consolidation of adjacent lots
including the road lot) since the
action taken did not directly
address the request of
Metrobank nor squarely solved
the issue of conversion of a road
lot to a regular lot.
Due to the technical and legal
aspects of the case,
consultations with various
governmental agencies
concerned, such as the DENR
and Registry of Deeds, is to be
conducted. Upon advise of the
Registry of Deeds, two options
are available: (1) Court Action or
(2) Administrative Proceedings
before the DENR. Management
on a meeting on June 28, 2021,
held that the second option shall
be the course of action to be
taken. The Paralegal and Admin
Manager shall schedule an
appointment with the DENR
sometime on July 2021.
Drafted a new Contract to Sell
which was approved on a
meeting held on June 28, 2021.
A copy of which is available
upon request.
An exit conference by the
Auditing Manager of RD
Corporation, on June 28, 2021
was held where the audit report
wrote finesse to the case of
Gerry Porsuelo. This then led to
an examination of existing
company rules and regulations
in order to correct any
erroneous practice involving
labor policy.
Admin Department & Engineering Negotiations involving an Pending negotions as a counter
Department extension of the Service proposal had been sent to
Contract thru an Addendum Vercede.
with the Contractor (Vercede)
in the construction of RD Mall
Mabuhay.
Admin Department & Engineering A lump sum sales agreement Minor amendments of the sales
Department with ATAD Steel Corporation in agreement with ATAD Steel
the importation of various Corporation was made and
construction materials. proposed to the other party.
All departments Legal opinion and research, Evidence and proof of tasks are
contract making, and drafting available upon request.
of other legal documents such
as affidavits, Special Power of
Attorney, Secretary’s
Certificate, waivers, demand
letters and quitclaims.
All departments The host for 36th Anniversary Hahahahahahahahaha.
of RD Realty Development
Corporation.