documentary-requirements.pdf

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General Requirements:
SINGLE MARRIED OFW FOREIGNERS CORPORATE
The following Documents should be completely filled out & signed:
       Buyer's Information Sheet
a
a
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       Reservation Fee:
a
a
a
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a
      Lot Only - P20,000.00
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      House and Lot - P30,000.00
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      Completely filled out and signed Purchase Application Form
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Special Power of Attorney
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a
Sworn Statement
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a
Affidavit of Waiver
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General Requirements:
SINGLE MARRIED OFW FOREIGNERS CORPORATE
The following Documents should be completely filled out & signed:
       Contract to Sell 
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a
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a
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Deed of Covenants & Restrictions
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a
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Deed of Sale  with Real Estate Mortgage (DOSREM)
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       Sketch of House
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TIN Number [application form available for TIN]
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Residence Certificate  / Community Tax Certificate
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Latest photo of purchaser and spouse (2x2 size)
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Proof of Billing
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Photocopy of Marriage Certificate
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Passport/ Visa
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Post Dated Checks
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Photocopy of Certificate of Registration with SEC or DTI
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Photocopy of Articles of Incorporation and By-Laws
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Board Resolution of Appointed Representative
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General Requirements:
SINGLE MARRIED OFW FOREIGNERS CORPORATE
The following Documents should be completely filled out & signed:
Deed of Absolute Sale
a
a
a
a
a
Full Payment (10% cash or check payment)
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a
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PDC for 10% balance for full payment
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NOTE: For questions about buyer requirements to purchase a property from Paramount Property Ventures, contact our Business Center: 
(63)(32)233.0061 or (63)(32)233.0062 or email us at inquiries@paramount.ph
[ IF YOU WISH TO PAY SPOT CASH, PLEASE FURNISH US ADDITIONAL REQUIREMENTS LISTED BELOW]
GENERAL COMPLETE REQUIREMENTS (CREQ)
SPOT CASH w/ IREQ & CREQ 
Paramount Property Ventures, Inc.
 CHECKLISTS OF REQUIREMENTS
GENERAL INITIAL REQUIREMENTS (IREQ) OR RESERVATIONS
BUYER’S DOCUMENTARY REQUIREMENTS
DOCUMENTARY REQUIREMENTS 
(PRE‐RESERVATION)
Common Requirements – Individual and Corporation
 
 
 
 
Purchase Application Form 
Loan application Form ( Bank In‐House)
 
 
   
, 
Photo of buyer and spouse (if co‐borrower) with signature at the back (1x1 or 2x2)
Community Tax Certificate w/ thumb mark and signature of buyer and spouse (if 
li
bl )
app ca e  
Income Tax Return
Copy of passport for  buyers working abroad 
Tax Identification Number (and spouse if co‐buyer)
Latest Income Tax Return showing sufficient income, for the past 3 years (Bank)
Post dated checks covering the down payments available to PPVI 
DOCUMENTARY REQUIREMENTS 
(POST‐RESERVATION)
Additional Requirements for 
INDIVIDUALS
‐ Valid ID 
‐ Birth Certificate for Single Buyers or
‐ Marriage Contract for Married
‐ Any proof of Billing with residence address or 
mailed letter–address with postage
Additional Requirements for 
CORPORATE BUYERS
‐ Audited Financial Statement (Cash, Deferred, In‐House) or  
A dit d
d/
I H
Fi
i l St t
t f
t
y
f
‐ u e
 an or  n‐ ouse  nanc a   a emen s  or pas  
Three (3)  ears (or Bank)
‐ Articles of Incorporation / Partnership and By‐Laws
‐ Business Registration / SEC Registration 
‐ Secretary’s Certificate or Board Resolution
 
 
 
 
‐ Certificate of Registration / BIR Form No. 1903 (Bank)
DOCUMENTARY REQUIREMENTS 
(POST‐RESERVATION)
Additional Requirements for 
“INDIVIDUAL–EMPLOYED BUYERS”
‐ Latest 3 months Pay slip
‐ Certificate of Employment and Compensation
Additional Requirements for 
“INDIVIDUAL–SELF ‐EMPLOYED BUYERS”
‐ Business registration – SEC or DTI
‐ Articles of Incorporation / Partnership / By‐ Laws 
‐ Company Profile / History of Business (Bank)
‐ List of Major Suppliers and Customers (Bank)
‐ Audited  and/or In‐House Financial Statements is strictly required (Bank)
OTHER REQUIREMENTS
 
‐ Death Certificate for deceased spouse
 
 
 
 
‐ Notarized Special Power of Attorney (for signatories other than buyer)
‐ Copy of Court Order granting annulment . Legal separation (for waiver of marital consent)
‐ Copy of Court Order granting separation of properties (for waiver of marital consent)
‐ Copy of Court Order granting guardianship or trusteeship to minors  
(when placing a property under a minors name)
 
   
 
   
 
‐ Sworn Statement of re Citizenship (for dual citizenship of Filipinos with foreign citizenship)
HIGHLIGHTS OF 
BUYERS’ DOCUMENTS
FREQUENTLY ASKED QUESTIONS (FAQs)
1. Why so many documents?
As per government mandate, purchase of real estate 
property should be properly documented 
2. Is the Purchase Application Form (PAF) a binding 
document?
Yes.  The buyer is committed to abide by the 
payment terms and conditions stated in the PAF.  
This document shall be used as basis when making 
the CCT. 
HIGHLIGHTS OF 
BUYERS’ DOCUMENTS
FREQUENTLY ASKED QUESTIONS (FAQs)
3. What if the buyer is based abroad and cannot 
attend to personally purchase the property?
The buyer should submit to Paramount a Special Power of 
Att
(SPA) th t d
i
t
/
i
t ti
t
orney 
  a   es gna es   ass gn a represen a ve  o 
act on his/her behalf .
4
Are dual citizens (Filipinos with foreign
. 
 
 
 
 
 
 
citizenship) allowed to purchase property?
Yes. 1,500 square meters for urban, 1 hectare for rural.
  
 
 
 
 
   
 
 
HIGHLIGHTS OF 
BUYERS’ DOCUMENTS
5. Can a property be named under a minor’s name?
FREQUENTLY ASKED QUESTIONS (FAQs)
 
   
 
 
 
   
 
Yes.  The parents should make an ITF (In Trust For).
6. Are foreigners allowed to own property?
Yes.  It should be named under his/her corporation.  
Ownership of corporation should be 40% foreign and 
l
60% Fi ipino.
SALES DOCUMENTS
 
 
OF BUYERS
1. Contract to Sell (CTS)
2. Deed of Sale with Real Estate Mortgage (DOSREM)
3. Deed of Absolute Sale (DOAS)
4. Transfer Certificate of Title (TCT) 
5. Deed of Restrictions and covenants
PARAMOUNT PROPERTY VENTURES, INC.
BUSINESS CENTER
 
Business address: 
9/F CIFC Tower, corner Humabon Street and Juan Luna Avenue, 
North Reclamation Area, Cebu City, 6000, Philippines 
Business Center: 
(63)(32) 233‐0061 
(63)(32) 233‐0062 
(63)(32) 233‐3060
Answering Service (after office hours)
09228.778401
Facsimile no: 233‐1552 loc. 121
For more information of our communities and upcoming projects visit our 
website at: www.paramount.ph
For Inquiries regarding our communities and services email us at: 
inquiries@paramount.ph
For questions about existing accounts and after sales concerns, email us at: 
accountservices@paramount.ph