Sulit-sa-price-The Residences@Fairview-condominium-Quezon City

Turnover process 

The Turnover process is the most important to a new homeowner. because this is whne the property finally changes hands. Because we know how important this is to you. we'd like to share some guidelines to make the transition smooth and satisfactory for both parties.

Turnover Process

Completion of unit will commence upon issuance of Authority-to-turnover ( Clearance) by Documentation.

Completion date.

Thirty (30) days to single condominium unit

Forty-five (45) days to tandem condominium units

Approximately Nine (9) months for unit construction

Punchlisting/Inspection by the client will be sceduled after the completion date

Rectification of punchlisted items will be done immediately but completion date may vary depending on the nature of punchlisted items client is responsible in settling all required fees & deposits prior to unit turnover Homeowner Orientation of community house rules, policies & regulations i done during handover of unit

HandoverOrientation fo community house rules, policies & regulations is done during handover unit. Handover kit and welcome gift is given to client upon acceptance of unit

Upgrade/improvemens for his unit will be allowed only after the acceptance of unit 

Note that certain warranties may be voided by any unit material alteration

Requirements prior to issuance of CLEARANCE 

Payment of the minimum donwpayment required

Issuance for required post dated checks for the balance of Total Contract Price

Submission of duly sign CONTRACT TO SELL / DEED OF ABSOLUTE SALE & Other pertinent documents

Letter of Guarantee (LOG) & Drawdown/Loan Take-ut (for external bank financing only)

Required Fees & Deposits

Meralco Service Deposit for Permanent Power Connection

Real Property Tax (RPT) - client's share

Cash Bond for remporary power (if permanent power service is not yet available)

Condominium Corporation fees & Dues 

Requirements for a Permanent Power Connection

Proof of ownership (CTS/DOAS or 

Duly accomplished MERALCO  application form

Two (2) valid IDs

Duly signed MERALCO waiver

Authorization letter (if accomplished thru representative) 

Condominium Corporation

FEES & DUES

One time Joining/Membership fee

Monthly Association bond (for unit with owners upgrade

Insurance premium

RPT of common areas

Other Condominium Corporation assessments

Buyer Acceptance

If the buyer fails to inspect and accept the unit within thirty (30) days from the date of notice that the unit is ready for turnover, it shall be deemed that the buyer has automatically accepted the unit.

Acceptance by a Representative

If the registered buyer is not available on the scheduled turn over of unit, his/her duly authorized representative can accept the unit in his/her behalf. The representative must be designated as a duly notarized Special Power of Attorney (SPA). The unit turnoever cannot delayed on account of SPA's availability schedule

Click here to learn about Turn over schedule