Documentary Requirement in Buying Avida Towers

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For Individuals
1. Photocopy of residence certificate or passport.
2. Taxpayer’s Identification Number (TIN).
3. Photocopy of valid ID with picture & signature of buyer(s).
4. 2 Original kind of proofs of billing. (Should show same address as that appearing on the signed Reservation Application.)
5. For married individuals, photocopy of marriage certificate.

Note: For married individuals, both spouses need to submit requirements 1, 2, & 3.
For Corporate Accounts
1. Photocopy of By-Laws of the Company.
2. Photocopy of Articles of Incorporation.
3. Notarized Board Resolution of the Company or Secretary’s Certificate stating the ff.

The date and place of the board meeting
That a quorum was present in approving the board resolution
That the board authorized the purchase of the property
The designated signatory for the sale documents
The designated playing representatives for corporate golf shares

4. Residence Certificate of the Company and appointed representative(s).
5. TIN of the Company and appointed representative(s).
6. 2 Original kind of proofs of billing of the corporation (not the representative).

Standard Payment Terms for Avida Towers

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Standard Payment Terms for Avida Towers:

1.  Spot Cash – 9% discount on the selling price

2.  Deferred Cash – 24 months to pay at 0% interest

3.  Deferred Cash with spot down payment – 20% Spot down payment and balance of  80% payable in 23 months at 0% interest.  There is 5% discount on the down payment for this scheme.

4. In House Financing available for the 80% balance at 18% fixed interest for 5 or 10 years.
Down payment options for In House Financing are as follows:

  • Spot Full 20% down payment with 5% discount on the down payment.
  • Stretched 20% down payment for 8 months at zero percent interest.

5.   Bank Financing is available for BPI / BPI Family Bank for 5 or 10 years, at prevailing bank rates.

6.  Or through BPI Family Bank’s step up housing loan program for 15-20 years, at 10% equity.

7.  Other bank’s financing are also available at their current rates. (approximately 10%-11.5% interest for 10 or 15 years).

Payment terms may change, promos  and discounts not included. Promo discounts will be included on the requested sample computation on the month it is applicable.

Avida’s 5 Pillars of “Sure and Secure”

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Accessibility
Avida’s developments are strategically located close to public transportsystems.

Quality time spent well with family by avoiding the hassles of long travel and traffic.

Unique Features and Amenities
Activity areas and best-in-class amenities are standard community features in Avida, coupled with refreshing house designs, practical lot cuts, Innovative and stylish condominiums.

Homes are spacious, naturally illuminated and at the same time energy-efficient.

Quality Assurance
Avida ensures long-term value of your invesment.

High quality control are being put into all aspects of technical planning and construction, by highly experienced engineers, guided by ISO-certified management.

Stress-free Buying Experience
Customer’s buying experience is an integral part of our value proposition.

We pre-arranged financing facilities with accredited banks. We offer variety of financing scheme. Sites visit should be informative and relaxing.

Relaxing Living Experience
Avida’s guarantee of 24/7/365 security, you always get a good night’s sleep. With amenities like swimming pools, basketball courts, clubhouses and landscaped parks, your family weekends will always be fun-filled and exciting.

With the expertise of Ayala Property Management Corporation (APMC), the same group that handles all Ayala Land developments, you will never have to worry about problems related to utilities and services like garbage disposal ever again.

Buyer’s Guide

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Thank you for choosing Avida for your housing needs. We want your purchase to be as hassle-free as possible. Hence, we encourage you to spend time to read through for better understanding of what to expect – our deliverables and your corresponding obligations towards full realization of your expectations.

Title and Tax Declaration

1.  Are all units sold secured by a title?
Each of the units that you buy from us is covered by a title that will eventually be transferred to your name. A Transfer Certificate of Title (TCT) is issued to the new Avida lot owners and house and lot owners while a Condominium Certificate of Title (CCT) is issued for condominium unit owners.

2.  What is the procedure in title transfer?
The titling process starts when the Bureau of Lands (BL) issues an approved plan to consolidate and/or subdivide a parcel of land into the saleable units and open spaces/road lot/common area. The title/s of the parcel/s of land is presented to the Register of Deeds (RD) together with the approved subdivision plan by the Bureau of Lands. The Register of Deeds will prepare individual titles for each and every saleable unit and open spaces/road lot/common area depending on how the cut up plan was approved by the Bureau of Lands. The Register of Deeds will not issue the new set of titles on a piece meal basis. It prepares all the titles for the approved plan before Avida can get any one of them. At this point, all titles that will be issued will be in the name of Avida or its joint venture partner.

3.  When does the title transfer commence?
Once you have fully paid your loan or Avida has an undertaking from your financing institution to fully pay your purchase, depending on the financing package you chose, we can now effect title transfer from Avida to your name. This does not go directly to the Register of Deeds (RD). We still have to pay for the taxes due on the purchase to the Bureau of Internal Revenue (BIR) to secure the necessary documents required by the Register of Deeds from that government agency before effecting actual title transfer. This process takes about four (4) to six (6) months from date of full payment and submission of all documentary requirements.

Once all taxes due to the government are paid and the necessary clearances are secured, all the documents needed to effect title transfer are forwarded to the Register of Deeds. This process takes about two (2) to three (3) months.

Delays at the Local Government Units (LGUs) are sometimes experienced due to any of the following:

  1. Volume of documents being processed;
  2. Shortage or lack of the special paper that is used for the title, given the bigger volumes being processed for all the developers;
  3. Unavailability of the signatory/ries from the Local Government;

For further clarifications on the above items, please get in-touch with us.  Email us.