Payment Terms : RESERVATION FEE & BLOCKING OF UNIT :
The reservation fee of Php 20,000 must be paid prior to the blocking of unit as specified in the approved Collinwood Site Development Plan
The reservation fee is Non-transferable and Non-refundable
The reservation fee is part of the Total Contract Price
PAYMENTS OF REGULAR EQUITY / DOWNPAYMENT
Reservation fee of Php 20,000.00
Equity should be at least 30% of the Total Contract Price
Half of the Equity must be paid w/in 15 days from reservation date
Full Equity must be paid 45 days from reservation date
EASY EQUITY PAYMENT PLAN - E.E.P.P.
30% of the equity must be paid w/ in forty-five (45) days from reservation date. The Balance of 70% of equity is subject to EEPP.
The maximum period of EEPP is eighteen (18) months.
EEPP interest is 16% straight per annum.
In case of default, a 4% penalty per month on the amount due will be imposed. If buyer defaults on three (3) consecutive months, the Memorandum of Agreement (MOA) of the EEPP will be rescinded.
IN-HOUSE FINANCING OPTIONS
PLAN "A" - 3 Months maximum ( Spot Cash on Total Contract Price payable in a 3 months maximum period w/ 5% discount)
PLAN "B1" - 30% Downpayment payable in 6 mos. (interest free) / 70% Balance payable in 6 mos. (interest free)
PLAN "B2" - 30% Spot Cash / 70% Balance upon unit completion (No interest) 2.5% discount of Downpayment
PLAND "B3" - 50% Spot Cash / 50% Balance upon unit completion
PLAN "C" - 10%, 20%, 30%, Downpayment payable in 4 to 6 months. Balance payable 1 to 5 years with 16% interest straight per annum.
PLAN "D" - 10%, 20%, 30% Downpayment payable in 4 to 6 months. Balance payable 6 to 10 years straight per annum.
PREMIUM LOTS :
An additional P 100 per sq.m. for all lots facing East
An additional P 100 per sq.m. for all corner lots
An additional P 100 per sq.m. for all main road lots
An additional P 100 per sq.m. for all lots beside & across parks & playground.
PRICE CONDITIONS :
Prices are subject to change without prior notice.
Commonwealth Estate Inc. reserves the right to correct typographical error.
All prices are inclusive of taxes and miscellaneous fees.
Reservation deposit of Php 20,000.00 is non-refundable and non-transferable.
All check payment should be made payable to Commonwealth Estate, Inc.
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