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  • Possesion of The Property

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    Rose Ramos
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    The buyer will enjoy partial possession of the property once certain payment thresholds have been met. With 30% payment, the buyer can fence the lot with light materials and use it for farming. With 80% payment, the buyer can construct concrete fencing but must cover the expenses. Full house construction is only permitted once the property is fully settled. The buyer must shoulder reclassification, permit, and other construction documents once fully paid and respect a 1.5 meter setback for the front of the house.

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    Possesion of the Property

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    The buyer will enjoy partial possession of the property once certain payment thresholds have been met. With 30% payment, the buyer can fence the lot with light materials and use it for farming. With 80% payment, the buyer can construct concrete fencing but must cover the expenses. Full house construction is only permitted once the property is fully settled. The buyer must shoulder reclassification, permit, and other construction documents once fully paid and respect a 1.5 meter setback for the front of the house.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Possesion of The Property

    Uploaded by

    Rose Ramos
    The buyer will enjoy partial possession of the property once certain payment thresholds have been met. With 30% payment, the buyer can fence the lot with light materials and use it for farming. With 80% payment, the buyer can construct concrete fencing but must cover the expenses. Full house construction is only permitted once the property is fully settled. The buyer must shoulder reclassification, permit, and other construction documents once fully paid and respect a 1.5 meter setback for the front of the house.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    POSSESSION OF THE PROPERTY

    (This will be stated in the Contract to Sell)

    The buyer shall be deemed to enjoy possession of the PROPERTY:


    *if the buyers pay at least 30% of the total contract price, he/she may commence
    fencing using light materials and the lot may use for farming;
    *if the buyers pay at least 80% of the total contract price, he/she may commence
    concrete fencing; expenses shall be shouldered by the Buyers.

    House Construction shall only commence upon full settlement.

    Reclassification of lot, application for building permits and other documents


    related to the house construction shall start upon fully paid and shall be
    shouldered by the Buyers.
    There should be at least 1.5 meter set back in front of the house to be
    constructed.

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