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What if you bought a property (e.g. condominium) in the Philippines that did not meet the standards that were promised to you?
They usually say, "parang during the pre-selling period, yung promise sa amin is like this, parang mas malalaki yung hallways. Or malaki dapat yung kitchen". It was not according to the standards. They didn't get what the real estate developer promised for them.
What if you end up buying property that did not meet the standards that were promised to you? Where can you go to complain?
Actually, that's a violation of Presidential Decree 597 (PD 597). Because it would appear that on the specifications stated in the leaflets, brochures, or documents, etc., there would be some sort of misrepresentation in that case. And that is actually criminal offense because there is a penal provision on PD 597.
What's the first option to do?
So, condo owners can either initiate criminal case before the City Prosecutors Office where the property (or condo) is located. So, they go directly to the Regional Trial Court (RTC).
What other options to do?
As condo owners, you can file administrative case against the realtor or real estate developer in the Housing and Land Use Regulatory Board (HLURB).
This is really a crime because that would constitute a unsound real estate business practices.
Can you cancel the contract? Can you get the refund? Do you have the right to cancel the contract because it doesn't meet the requirements or standards?
Yes, because that's a substantial violation of the contract.
That's the problem minsan pag maganda masyado yung mga sample units. So, nice and you expected to be like that and after a while, you gonna get a box.
Do you have any concern or problem related to the article above?
"What if you bought a property (e.g. condominium) in the Philippines that did not meet the standards that were promised to you?" was written by admin under the Real Estate category. It has been read times and generated 0 comments. The article was created on .
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