About lot/ House Reservation

What are the steps and procedure in reserving a house or lots

• Fill up completely and sign a Buyer’s Information Sheet and Reservation Agreement form. A representative may sign in Buyer’s behalf.

• Submit them to ROYALE HOMES MARKETING CORP.’ Reservation Officer for verification.

• Onced approved, pay the reservation fee to the Cashier.

• Receive and bring home all loan documents given by the Reservation Officer.

• Be sure you read and understood the terms and condition in the Contract to Sell.

• Congratulations! The house is now duly reserved in your name.

What is a Reservation Fee?

• The Reservation Fee closes the sale on a first-come, first-served basis.

• Reservation payment will hold the house for you.

• No payment – No reservation.

• It forms part of the downpayment (DP).

• It is non-refundable in case the account is cancelled.

How much is the Reservation Fee?

House and lot -25,000

Lot Only -10,000

Commercial Lot -20,000 up to 50,000

Condo Unit Studio type—20,000

1Bedroom -20,000 up to 50,000

Your reservation payment is valid for 30 -90 days.

Can you transfer the reservation payment?

Yes, subject to approval:

• Transfer is only allowed within 30 days from reservation date.

• Transfer is allowed to nearest relatives only.

• Transfer is allowed to another project provided same developer.

• When there’s new price increase, it may apply during transfer.

• A transfer fee of ________________is charged upon release of approval.

How can you reserve a unit?

You must fill up a form –Reservation Agreement (RA) then pay the reservation fee at any

Branched Office of ROYALE HOMES MARKETING CORP.

What is Reservation Agreement (RA)?

The Reservation Agreement (RA) is a 6-page form that identifies the property you will purchase and its specifications. For example: Project, Block and Lot No., Lot Area , House Type, Floor Area and Schedule of Payment

Also stated in the Reservation Agreement that reservation payment is not refundable.

What are the grounds for cancellation of the Reservation Agreement?

• Failure to appear in person for loan counseling.

• Failure to pay the first DP, in which case the Reservation fee (RF) is forfeited.

• To avoid forfeiture, you must submit/email a Promissory Letter stating the date of payment.

• Failure to remit any three (3) consecutive monthly installments or amortizations;

• Failure to submit within the prescribed period any of the documents that may be required by royale homes marketing corp,or the financing institution;

• Willful misrepresentation or falsification of any document submitted;

• Voluntary withdrawal from the Reservation Agreement (RA) for any reason whatsoever.

Can you pay the downpayment immediately during reservation?

Yes.