| |
Questions Concerning Real Estate Management
|
|
What can be done when a buyer found out that the size of the lot in the Deed of Restrictions and Contract to Sell that he originally signed did not match with what is indicated in the title?
|
If the sale is on a per square meter basis and the area turns out to be smaller, the buyer is entitled to a reduction of the price. In the same way the area turns out to be bigger, the buyer should pay for the increase in area.
In other case, the buyer may have opt to rescind the contract if he would not have bought the property had he known of the difference in the area.
Is a subdivision owner bound by each advertisement even though the facilities advertisers are not included in the approved plan?
Yes.
What is the period of time to complete the facilities as advertised?
Refer to Sec. 20 of P.D. 957
Who will pay for the electric consumption for street lights before the same are donated to the LGU?
The new IRR of PD 957 and BP 220 provide for the proportionate sharing by the subdivision owner and subdivision buyers.
back to FAQs
|
|
|
