Here are the commonly asked questions about our housing projects in Davao and the process of purchase.
What are the requirements in purchasing a house & lot or lot only unit at Kisan Lu Lands, Inc.?
- Buyer’s Profile (fully accomplished & signed)
- Reservation Agreement (signed)
- Reservation Fee
- Identification Card (SSS, Driver’s License, Passport)
- 2 pcs. 2×2 ID picture of spouses, if married
- Marriage Contract, if married (photocopy)
- Birth Certificate, if single (photocopy)
- Post-dated checks for Equity and Balloon Check for Amortization
- TIN Verification slip (original)
- Proof of Income (local: ITR; OFW: Contract of Employment & Compensation or
- Cert. of Employment&Compensation and latest payslip) – photocopy
- Proof of Billing
- House Specification (signed)
- Contract to Sell (signed)
- Deed of Restrictions (signed)
- Deed of Reconveyance
What are the initial requirements upon reservation?
- Buyer’s Profile (fully accomplished & signed)
- Reservation Agreement (signed)
- Reservation Fee
- Identification Card (SSS, Driver’s License, Passport)
Who are not qualified in purchasing a house & lot or lot only unit at Kisan Lu Lands, Inc?
- Clients more than 60 years old – could have the account name under any relative below 60 years old.
Who should issue Special Power of Attorney?
- Clients you cannot transact directly and personally in the office.
Where should the Special Power of Attorney (SPA) be notarized?
- In the country where the principal issuer of the SPA is currently located. (With Red Ribbon , if abroad).
What are the acceptable valid Identification Cards (IDs)?
- Philippine government issued IDs like SSS, Driver’s License, Postal ID and Passport.
What if the client does not have enough cheques to issue for the amortization?
- Client can issue atleast 12 downpayment cheques plus a balloon cheque for the remaining balance. Amount in the balloon cheque is equivalent to the remaining balance.
Can I issue post dated cheque (PDC) for the reservation fee?
- Yes, dated on the day of the reservation.
Can I avail of bank or hdmf financing?
- Yes. It is the client’s responsibility to quality as a bank/hdmf loan beneficiary.
What if I decide to discontinue paying for the unit I purchased, what will happen to the payments made?
- All payments made are non-refundable and non-transferable.
How far is it from the city proper?
It is only a 26-minute ( 13 km) drive from the City Hall to Mintal via Quimpo Blvd or via Mac Arthur Highway.
Is this a flood prone area? ( above sea level?)
What is the water source of the subdivision?
How do you charge homeowners for electric and water lines?
What is your security set-up to guard the subdivisions from unlikable scenarios?
Are the homeowners allowed to upgrade, alter and expand the house?If yes, what should they do?
When will the association of homeowners take over?
Are guests allowed to use facilities inside the community?
Are public vehicles allowed to go inside?
How long would the construction of a certain house take place?
When is the completion of the entire subdivision?
