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Reservation Agreement Form 2019 v1

This document is a reservation agreement for the purchase of a residential unit. It outlines the following key details: 1) The buyer is reserving a specific unit with details like unit type, floor area, number of parking slots provided. 2) The total purchase price of the unit and payment scheme are specified. The buyer also pays a non-refundable reservation fee upfront. 3) The agreement is valid for 30 days, during which the buyer must finalize the purchase or forfeit the reservation fee. 4) The buyer must sign a contract to sell and deed of absolute sale once approved. Failure to comply with terms can lead to cancellation and forfeiture of payments.

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0% found this document useful (0 votes)
52 views3 pages

Reservation Agreement Form 2019 v1

This document is a reservation agreement for the purchase of a residential unit. It outlines the following key details: 1) The buyer is reserving a specific unit with details like unit type, floor area, number of parking slots provided. 2) The total purchase price of the unit and payment scheme are specified. The buyer also pays a non-refundable reservation fee upfront. 3) The agreement is valid for 30 days, during which the buyer must finalize the purchase or forfeit the reservation fee. 4) The buyer must sign a contract to sell and deed of absolute sale once approved. Failure to comply with terms can lead to cancellation and forfeiture of payments.

Uploaded by

mbriones.axa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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9th Floor, Ortigas Building, Ortigas Avenue corner Meralco Avenue, Pasig City

CONTROL NO. ________________


RESERVATION AGREEMENT
I. INTENTION TO PURCHASE AND REQUEST TO RESERVE. I/We hereby request that the following Unit/s (the “Unit/s”) be reserved for my/our purchase as soon as all the necessary consents and approvals are obtained:

UNIT DETAILS

TOWER/BUILDING UNIT TYPE NO. OF PARKING

FLOOR/UNIT NO. FLOOR AREA SLOT NUMBER

MODE OF PAYMENT
PAYMENT SCHEME
ADA BILLSPAYMENT CREDIT CARD/CHECKS WIRE TRANSFER (For International Buyers only)

II. PURCHASE PRICE. I/We acknowledge that the purchase price of the Unit/s is PESOS:
(Php )

(the “Purchase Price”), inclusive of the applicable and payable value-added tax, but exclusive of registration fees, transfer fees and other charges. The Purchase Price shall be payable in accordance with Annex A.
Check payments shall be made payable to Ortigas & Company, Limited Partnership.
III. RESERVATION FEE. I/We understand and agree that my/our reservation for the above Unit/s is subject to the approval of OCLP and my/our compliance with the terms and conditions of this
Agreement. For the purpose of the reservation, I/we enclose/confirm payment of a non-refundable Reservation Fee in the amount of
Php on .

IV. CREDIT INVESTIGATION. Should I/we choose to avail of financing in the purchase of the Unit/s, I/we undertake to submit to the Seller all requirements, documents and information required for Credit
Investigation within 15 days from the date of this Reservation Agreement.

V. UNDERTAKINGS, REPRESENTATIONS AND WARRANTIES.


a. The reservation of the Unit/s specified above is good only for a period of Thirty (30) days from the date of my/our payment of the Reservation Fee. I/We agree that if I/we do not finalize the transaction or begin
payment of the down payment within the allotted time, the Seller shall have the right to consider the reservation of the Unit/s void, forfeit the reservation fee, and offer the Unit/s to other interested parties.
b. In the event that I/we avail myself/ourselves of bank financing for the Purchase Price or any portion thereof, I/we shall be solely responsible for filing the requisite loan application form prescribed by the bank,
together with all the necessary supporting requirements/documents for the processing of my/our loan application for the purpose of causing the release of the loan proceeds to be used to finance my purchase of
the property within the payment period prescribed under my/our chosen payment scheme.
c. I/We hereby undertake to immediately execute the corresponding Contract to Sell and the corresponding Deed of Absolute Sale upon notice and approval from OCLP.
d. Without need of prior notice or demand on me/us, OCLP can cancel this Reservation Agreement and forfeit all my/our payments of whatever nature as liquidated damages, if any of the following events
happen:
d.1 I/We fail to make any payments as they fall due.
d.2 I/We fail to execute the corresponding Contract to Sell, Deed of Absolute Sale, and all other contract documents pertaining to this agreement; or fail to comply with any of the terms of the purchase.
d.3 I/We withdraw or cancel this reservation agreement for any reason whatsoever.
d.4 My/our housing loan application is disapproved by the lender, and I/we am/are not able to obtain other sources of financing acceptable to OCLP for the payment of the balance of the purchase price.
d.5 I/We transfer or attempt to transfer or assign this reservation without OCLP’s written approval.
d.6 I/we default on any of my/our obligations or covenants under this reservation agreement.
e. I/We understand and agree that this Agreement only gives me/us the right to have the Unit/s reserved subject to the fulfillment of the conditions herein stated. No other right, title, or ownership is vested upon
me/us by the execution of this Agreement. OCLP retains title and ownership of the Unit/s until I/we shall have fully paid all amounts due by reason of my/our purchase of the Unit/s.
f. I/We understand and agree that my/our purchase of the Unit/s shall be subject to, among others, the covenants and restrictions specified in the relevant Master Deed with Declaration of Restrictions (the “Master
Deed”), which will be annotated on the corresponding certificate of title to the Unit/s as a lien thereon, and which covenants and restrictions I/we undertake to faithfully and strictly comply with.
g. I/We warrant that the information which I/we provide herein, whether personal or corporate, is true and correct and agree to directly and personally inform OCLP in writing of any changes in my/our personal
data. It is understood that OCLP shall have the right to solely rely on the information provided by me/us, and shall not be held responsible for any error, non- or miscommunication in the information given by me/us.
I/We also warrant that the funds to be used in purchasing the Unit/s is, has been, and will be obtained through legitimate means; and do not, and will not constitute all or part of the proceeds of any unlawful activity
under applicable laws. I/We hereby hold OCLP free and harmless from any incident, claim, action, or liability arising from the breach of my/our warranties herein.
h. In the event that during the Reservation Period there will be changes in the technical plans of the Unit/s or OCLP is unable to construct or complete the Unit/s pursuant to, or as a consequence of the requirements
of the government entities, I/we agree to hold OCLP free and harmless from any and all liability whatsoever, in which case, OCLP may [a] have the Unit/s exchanged with another Unit/s which is available, or [b]
refund the Reservation Fee without interest and less administrative costs and expenses.

VI. CONTACT INFORMATION ( Please answer all fields accurately. The information you put here shall be the basis of your Contract to Sell and Deed of Absolute Sale.)

TITLING INSTRUCTIONS: In connection with my reservation and purchase of the Property, I/We would like the purchase to be registered as follows:
Solely in my name In our name/s In the name of:
Individual Spouses
A corporation ___________________
Married to Co-owner
A partnesrhip ___________________

Trust Account ___________________

FOR INDIVIDUAL PURCHASER/S:


PRINCIPAL
SURNAME/FAMILY NAME GIVEN NAME MIDDLE NAME

CIVIL STATUS ( SPECIFY if Single, Married,


FOR FOREIGN BUYERS: Please indicate how you want your name to appear in the contracts DATE OF BIRTH
Widowed)

RESIDENCE ADDRESS PLACE OF BIRTH

HOUSE NO. STREET CITY CITIZENSHIP GENDER


POSTAL/ZIP CODE:
PRESENT ADDRESS (For buyers abroad) HOME PHONE NO. MOBILE NO.

HOUSE NO. STREET CITY EMAIL ADDRESS TAX IDENTIFICATION NO.


POSTAL/ZIP CODE:
PREFERRED MAILING ADDRESS PASSPORT NO./DATE & PLACE ISSUED
COMPETENT EVIDENCE OF IDENTITY/DATE & PLACE ISSUED

HOUSE NO. STREET CITY


POSTAL/ZIP CODE:
SPOUSE
SURNAME/FAMILY NAME GIVEN NAME MIDDLE NAME

DATE OF BIRTH CITIZENSHIP


FOR FOREIGN BUYERS: Please indicate how you want your name to appear in the contracts

PLACE OF BIRTH TAX IDENTIFICATION NO.

MOBILE NO. EMAIL ADDRESS PASSPORT NO., DATE & PLACE ISSUED
COMPETENT EVIDENCE OF IDENTITY/DATE & PLACE ISSUED

EMPLOYMENT INFORMATION
PRINCIPAL SPOUSE
PLEASE ENGAGED IN BUSINESS AND PLEASE ENGAGED IN BUSINESS AND
EMPLOYED SELF EMPLOYED EMPLOYED SELF EMPLOYED
CHECK TRADE CHECK TRADE
POSITION/PROFESSION NATURE OF BUSINESS POSITION/PROFESSION NATURE OF BUSINESS

EMPLOYER/BUSINESS NAME EMPLOYER/BUSINESS NAME

EMPLOYER/BUSINESS ADDRESS EMPLOYER/BUSINESS ADDRESS

YEARS OF EMPLOYMENT POSTAL/ZIP CODE: YEARS OF EMPLOYMENT POSTAL/ZIP CODE:


OFFICE PHONE NO. EMAIL ADDRESS OFFICE PHONE NO. EMAIL ADDRESS
AUTHORIZED REPRESENTATIVE / CONTACT PERSON
SURNAME, GIVEN NAME, MIDDLE INITIAL DATE OF BIRTH/PLACE CITIZENSHIP

COMPLETE ADDRESS WITH SPECIAL POWER TELEPHONE NO. EMAIL ADDRESS


OF ATTORNEY

HOUSE NO. STREET CITY CONTACT PERSON TAX IDENTIFICATION NO. COMPETENT EVIDENCE OF IDENTITY/DATE & PLACE ISSUED

POSTAL/ZIP CODE: ONLY


CO-OWNER (IF APPLICABLE)
SURNAME/FAMILY NAME GIVEN NAME MIDDLE NAME

CIVIL STATUS ( SPECIFY if Single, Married,


FOR FOREIGN BUYERS: Please indicate how you want your name to appear in the contracts DATE OF BIRTH
Widowed)

RESIDENCE ADDRESS PLACE OF BIRTH

HOUSE NO. STREET CITY CITIZENSHIP GENDER


POSTAL/ZIP CODE:
PRESENT ADDRESS (For buyers abroad) HOME PHONE NO. MOBILE NO.

HOUSE NO. STREET CITY EMAIL ADDRESS TAX IDENTIFICATION NO.


POSTAL/ZIP CODE:
PREFERRED MAILING ADDRESS PASSPORT NO./DATE & PLACE ISSUED
COMPETENT EVIDENCE OF IDENTITY/DATE & PLACE ISSUED

HOUSE NO. STREET CITY


POSTAL/ZIP CODE:
CO-OWNER'S SPOUSE
SURNAME/FAMILY NAME GIVEN NAME MIDDLE NAME

FOR FOREIGN BUYERS: Please indicate how you want your name to appear in the contracts DATE OF BIRTH CITIZENSHIP

PLACE OF BIRTH TAX IDENTIFICATION NO.

MOBILE NO. EMAIL ADDRESS COMPETENT EVIDENCE OF IDENTITY/DATE & PLACE ISSUED PASSPORT NO., DATE & PLACE ISSUED

EMPLOYMENT INFORMATION
PRINCIPAL SPOUSE
ENGAGED IN BUSINESS AND PLEASE ENGAGED IN BUSINESS AND
PLEASE CHECK EMPLOYED SELF EMPLOYED EMPLOYED SELF EMPLOYED
TRADE CHECK TRADE
POSITION/PROFESSION NATURE OF BUSINESS POSITION/PROFESSION NATURE OF BUSINESS

EMPLOYER/BUSINESS NAME EMPLOYER/BUSINESS NAME

EMPLOYER/BUSINESS ADDRESS EMPLOYER/BUSINESS ADDRESS

YEARS OF EMPLOYMENT POSTAL/ZIP CODE: YEARS OF EMPLOYMENT POSTAL/ZIP CODE:


OFFICE PHONE NO. EMAIL ADDRESS OFFICE PHONE NO. EMAIL ADDRESS

FOR CORPORATE PURCHASER:


COMPANY INFORMATION
NAME OF CORPORATION/PARTNERSHIP AS REGISTERED TELEPHONE NO. FAX NO.

PRINCIPAL OFFICE EMAIL ADDRESS TAX IDENTIFICATION NO.

HOUSE NO. STREET CITY


POSTAL/ZIP CODE:
ADDRESS (If a different address will be used for purposes of the agreement) COMMUNITY TAX CERTIFICATE NO. DATE & PLACE ISSUED

HOUSE NO. STREET CITY


POSTAL/ZIP CODE:
AUTHORIZED SIGNATORY(IES)
CIVIL STATUS ( SPECIFY if Single, Married,
SURNAME, GIVEN NAME, MIDDLE INITIAL DATE OF BIRTH PLACE OF BIRTH
Widowed)

ADDRESS (If a different address will be used for purposes of the agreement) CITIZENSHIP TELEPHONE NO.

HOUSE NO. STREET CITY MOBILE NO. EMAIL ADDRESS


POSTAL/ZIP CODE:
DESIGNATION/POSITION TAX IDENTIFICATION NO. COMPETENT EVIDENCE OF IDENTITY/DATE & PLACE ISSUED PASSPORT NO., DATE & PLACE ISSUED

SPECIAL INSTRUCTION (if any)

OTHER INFORMATION:
FAMILY GROSS INCOME If applicable (for buyers who will avail financing, all information will be treated with utmost confidentiality.) Please check all applicable fields
30,000 - below 50,001 - 80,000 120,001 - 175,000 225,001 - 300,000 a. Do you already have a house? ___Living with relatives ___Owned ___Presently Renting
30,001 - 50,000 80,001 - 120,000 175,001 - 225,000 300,001 and above b. Do you own an automobile/s? ___Yes, how many?_______ ___No
No. of children living with you? (Please indicate number) Reason for Purchase?
Pre-school High School Post Graduate Ideal Location Quality Product Quality Product Ortigas Brand
Elementary College Others: ____________________ Ideal Masterplan Affordable Price Affordable Price Design/Layout
How did you know about our project? Sales Location What is the primary purpose for buying?
Personal Sale Pull-In In-House Event (Date/Detail) _______________________ Local Primary Home
Broker Sale Saturation (Location) ___________ International (country) ____________________ Vacation/Weekend Home
Phone-In Booth (Location) ______________ Social Media: Halfway/Weekday Home
Walk-In Roadshow (Location) ___________ ___Facebook ___Instagram ___Others: ________ Source of Fund Retirement Home
Email Blast Repeat Buyer (Prev. Unit/s) ________ Local Investment (Buy & Sell)
Web Inquiry Others (Specify) ________________ Ad: International (country) ____________________ Investment (for lease)
__Print __TV __Radio __Cinema __Billboard Others

I/We certify that the above information are true and correct to the best of my/our knowledge, I/We hereby authorize Ortigas and Company, Limited Partnership (OCLP) to validate the accuracy and completeness of my/our
declaration. I/We are fully aware that revision is no longer accepted upon acknowledgment of Sales Documentation Department. I/We hereby certify that my/our signature(s) appearing herein is/are genuine. I/We hereby signify
my/our conformity to the foregoing.

Purchaser(s): Date:
(Signature over Printed Name)

_____________________ _____________________ _____________________ _____________________


BUYER BUYER'S SPOUSE CO-OWNER CO-OWNER'S SPOUSE
SELLERS INFORMATION: REVIEWED AND RECEIVED BY OCLP:
EXECUTIVE GROUP HEAD GROUP HEAD SALES DIRECTOR / BROKER DIRECTOR LEAD BROKER Date:

Name & Signature Name & Signature Name & Signature Name & Signature
SALES CONSULTANT MARKETING PARTNER/ REFERRAL PARTNER SALES MANAGER / BROKER MANAGER LICENSED BROKER

Name & Signature Name & Signature Name & Signature Name & Signature SALES ACCEPTANCE ASSOCIATE
DOCUMENTARY REQUIREMENTS - The following requirements are to be submitted by the buyer prior to the execution of the Contract to Sell or the Deed of Absolute Sale, as
applicable:

GENERAL REQUIREMENTS
For Individual Buyers For Corporate Buyers
(for married - both husband & wife requirements have to be submitted, as well as for co-owners)
a Duly accomplished & originally signed Reservation Agreement (RA) a Duly accomplished & originally signed Reservation Agreement (RA)
b Photocopy of two (2) valid government-issued ID b Photocopy of two (2) valid government-issued ID of the authorized signatory/ies
c Tax Identification Number (TIN) c Tax Identification Number (TIN) of both the company and its authorized signatory/ies
d Marriage Certificate (for married) d Proof of Billing (should match with the residence or mailing address indicated in the
e Proof of Billing (should match with the residence or Reservation Agreement)
mailing address indicated in the Reservation Agreement) e
Certificate of Registration, Articles of Incorporation/ Partnership/ Association and By-Laws
Post Dated Checks (PDCs) - should be made payable to
(Registered and duly certified by the Securities and Exchange Commission or the Corporate Secretary of the Corporation )
f Ortigas & Company, Limited Partnership
g 3 original copies of notarized Joint and Solidary Undertaking f Business Registration/SEC Registration
(JSU), if the payor is not the/a buyer g Original copy of Secretary's Certificate or Board Resolution
Authorizing the purchase and mortgage (if through financing) of the property and its terms; designating and appointing
the officer authorized to negotiate and sign documents on behalf of the corporation; and certifying that at least 60% of its
capital stock is owned by Filipinos (for land purchases)

h Photocopy of the BIR Form 1903 – Taxpayer’s Record Update (TRU)


i Post Dated Checks (PDCs) - should be made payable to Ortigas & Company, Limited
Partnership
BANK REQUIREMENTS
Requirements for Employed Requirements for Self Employed or Corporation
a Duly accomplished Bank Application Form a Company Profile/History of Business
b Latest 2 years Income Tax Return b Latest 2 years Income Tax Return
c Credit Card Billing Statement for the last 3 months c Audited Financial Statements
d Latest 3 months Payslip d Copy of Bank Statement or Passbook for the last 6 months
e Certificate of Employment (stating position, length of e Credit Card Billing Statement for the last 3 months
service, salary and bonuses) f Proof of other non-salary income such as Certificate of Deposit, Stocks/Bonds Certificate,
f Contract of Employment/Certificate of Employment Contract of Lease, Commission Voucher
(Authenticated by the Philippine Consulate)

OTHER REQUIREMENTS FOR SPECIAL CONDITIONS


a. If the property reserved/purchased is land, and the buyer is a Filipino citizen married to a foreigner, the foreigner/spouse must execute and deliver an Affidavit of
Waiver stating that the funds to be used for the purchase of the property are the paraphernal/capital funds of the Filipino spouse.

b. If the property reserved/purchased is land, and the buyer is a natural-born Filipino who has lost his/her Philippine citizenship, he/she must execute and deliver an
Affidavit of Citizenship showing the date and place of his/her birth, the names and addresses of his/her parents, the date he/she lost his/her Philippine citizenship, the
country of which he/she is presently a citizen, his/her spouse and children, if any, the area, the location, and the mode of acquisition of his/her landholdings in the
Philippines, if any, and his/her intention to reside permanently in the Philippines. The affidavit shall be signed in triplicate and shall be notarized. If accomplished
abroad, the affidavit must be consularized.

c. If the buyer is legally separated, or his/her marriage has been annulled or declared null and void, he/she must submit 3 certified true copies of the final and executory
decision of the court granting the legal separation or annulment or declaring the marriage null and void.

d. If a married buyer wants to indicate that there is a separation of properties between himself/herself and his/her spouse, he/she must submit 3 certified true copies of
the final and executory decision of the court granting the separation of properties.
e. If the buyer-spouses prefer that the property be registered in the name of one spouse “married to” the other, 3 certified true copies of the Ante-Nuptial Agreement
must be submitted.
f. If the buyer is widowed, he/she must submit a copy of the death certificate of the deceased spouse and their marriage certificate.
g. If the property is purchased by a minor, the parent/guardian must submit 3 certified true copies of the final and executory order of the court approving the posting of
the bond required under Article 225 of the Family Code (Deed of Undertaking) and, as applicable, the court order appointing the representative as guardian.
h. If the buyer is transacting through an attorney-in-fact, the buyer must execute a notarized special power of attorney (SPA) bearing the signature of the buyer, the
specimen signature of the attorney-in-fact, and the latter’s authority to transact for and on behalf of the buyer. If the buyer is unable to personally receive the
certificate of title and/or accept Unit/s, the SPA shall include the authority of the attorney-in-fact to receive the certificate of title and/or accept the Unit/s on behalf
of the buyer. The SPA shall be signed by all the buyers (if more than one).
i. If the buyer resides outside the Philippines but the document is signed in the Philippines, a photocopy of the page in the passport showing date of entry in the
Philippines must be submitted.
j. If the payor in a purchase of property on installments is not the/a buyer named in the sales agreements, the payor and the buyer shall be required to execute and
submit 3 original copies of a Joint and Solidary Undertaking, attesting to the joint and solidary obligation of the buyer and the payor for the purchase. The Joint and
Solidary Undertaking should be notarized and, if executed outside of the Philippines, must be consularized.

k. Original policy and proof of assignment to Ortigas and Company, Limited Partnership of the credit life insurance, as applicable.
l. Duly accomplished Non-Medical Questionnaire in duplicate must also be submitted, if required.
m. If a married buyer requests to dispense with his/her spouse’s marital conformity on the sale contract/s, said buyer acknowledges that: [i] such request is subject to the
rules and regulations of the concerned Philippine government agencies, [ii] the Seller/Developer gives no guarantee or assurance that such request will be approved
or accepted, particulalry during the processing of the title/s and other ownership documents over the purchased unit/s, and [iii] if the requested non-conforme is
disallowed, buyer agrees to undertake the necessary rectification/s of the contract/s to ensure the full completion of this sale transaction and the timely processing of
the title/s. The buyer accepts all the implications or consequences of the said request, and furthermore, agrees to pay the Seller/Developer’s administrative fees in
connection therewith, if any.
n. The buyer authorizes the Seller/Developer, its subsidiaries, affiliates, partners, successors and/or assigns (the “Ortigas Group”) to collect, process, store, and use any and
all information that the buyer shall furnish the Ortigas Group for the purpose of conducting appropriate due diligence checks, registering inquiries and addressing any
follow-up calls, preparing all necessary sales documentation and any other documents as may be required, performing all financial processes related to the sale
(such as, but not limited to, the set-up of the down payment, amortization or financing and the performance of other actions necessary or desirable in the
implementation of the contract), managing the administration of unit turnover activities, communicating all advisories and changes in relation to the sale, and any
and all purposes relating to the purchase. The buyer hereby knowingly waives any and all statutory or regulatory provisions governing the confidentiality of such
information, if applicable. In the event that the buyer discloses another person’s information, the buyer attests that consent has been obtained from that person to
disclose and process the information in accordance with applicable laws.

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