RESERVATION AGREEMENT I/We, _____________________________________________________________ of legal age, a resident of _______________________________________________________ and having the capacity and qualification to own and possess real estate property in the Philippines, hereby manifest our intention to purchase the herein below described property. Project Name : _________________________________ Location/Address : _________________________________ Block/Lot/Unit/Parking No. : _________________________________ House Model : _________________________________ Floor Area/ Lot Area : _________________________________ Total Contract Price : Php _________________________________ Discount _______% : Php _________________________________ Net Total Contract Price : Php _________________________________ No. of Mos. Start of Payment End of Payment Payment/ mo. Reservation Fee Downpayment Monthly Amortization Turn Over Balance Net Contract Price Upon and simultaneous to the signing of this Agreement, and I/WE hereby agree that said deposit is non- refundable and shall form part of the purchase price for the above-described PROPERTY (s). I/we intend to apply for a Bank Financing, for the purchase of property located at ________________, Barangay ______________, Cavite, and promise to pay at least ___________ percent (____%) of the Total Contract Price. If my Loan application is denied by the bank for whatever reason, I agree to pay the balance within thirty (30) days from the payment of the ________ percent (_____%) downpayment or I agree that loan shall automatically be converted into an In-House Financing Scheme with Cathay Land, Inc. (CLI) under the following payments. a. 5yrs @ ____% interest b. 10yrs @ ____% interest c. Others _____ *The interest rate quoted is indicative and is to be finalized upon take out of in-house financing SCHEDULE OF PAYMENTS: I/we agree to pay CATHAY LAND INC. the contract price for the Property as per the payment terms in the attached in computation sheet. To ensure our faithful compliance with said obligation, within thirty (30) days thereafter, I/we shall likewise perform the following, pursuant to the terms stipulated in the computation sheet: A. To pay the agreed down payment; B. To submit complete post-dated checks covering all agreed monthly amortizations including turnover balance, transfer expense; and
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RESERVATION AGREEMENT - South Forbes · 2. Failure to pay any three (3) consecutive monthly instalments or amortizations; 3. Wilful misrepresentation or falsification of any documents
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RESERVATION AGREEMENT
I/We, _____________________________________________________________ of legal age, a resident
of _______________________________________________________ and having the capacity and
qualification to own and possess real estate property in the Philippines, hereby manifest our intention to