Batas Pambansa 220 - B.P. 220

REPUBLIC OF THE PHILIPPINES

BATASANG PAMBANSA

Fourth Regular Session

P.B. No. 1880

BATAS PAMBANSA BLG. 220

AN ACT AUTHORIZING THE MINISTRY OF HUMAN  

SETTLEMENTS TO ESTABLISH AND PROMULGATE  

DIFFERENT LEVELS OF STANDARDS AND TECHNICAL  

REQUIREMENTS FOR ECONOMIC AND SOCIALIZED  

HOUSING PROJECTS IN URBAN AND RURAL AREAS  

FROM THOSE PROVIDED UNDER PRESIDENTIAL  

DECREES NUMBERED NINE HUNDRED FIFTY-SEVEN,  

TWELVE HUNDRED SIXTEEN, TEN HUNDRED NINETY-SIX  

AND ELEVEN HUNDRED EIGHTY-FIVE

BE IT ENACTED BY THE BATASANG PAMBANSA IN SESSION ASSEMPLED:

SECTION 1. It is hereby declared a policy of the Government to promote and 

encourage the development of economic and socialized housing projects, primarily by the private sector, in order to make available adequate economic and socialized housing units for average and low-income earners in urban and rural areas. 

SECTION 2.  As used in this Act, economic and socialized housing refers to 

housing units which are within the affordability level of the average and low-income earners which is thirty percent (30%) of the gross family income as determined by the National Economic and Development Authority from time to time. It shall also refer to the government-initiated sites  and services development and construction of economic and socialized housing projects in depressed areas.  

SECTION 3.  To carry out the foregoing policy, the Ministry of Human 

Settlements is authorized to establish and promulgate different levels of standards and technical requirements for the development of economic and socialized housing projects and economic and socialized housing units in urban and rural areas from those provided in Presidential Decree Numbered Nine hundred fifty-seven, otherwise known as the "Subdivision and Condominium Buyers' Protective Decree," Presidential Decree Numbered Twelve hundred and sixteen,  "Defining Open Space in Residential Subdivision"; Presidential  Decree Numbered Ten Hundred  and ninety-six, otherwise known as the "National Building Code of the Philippines"; and Presidential Decree Numbered Eleven hundred and eighty-five, otherwise known as the "Fire Code of the Philippines" and the rules and regulations promulgated thereunder, in consultation with the Ministry of Public Works and Highways, the Integrated National Police, and other appropriate government units and instrumentalities and private associations. 

SECTION 4.  The standards and technical requirements to be established under Section three hereof shall  provide for environmental ecology, hygiene and cleanliness, physical, cultural and spiritual development and public safety and may vary in each region, province or city depending on the availability of indigenous materials for building construction and other relevant factors. 

SECTION 5.  The different levels of standards and technical requirements that 

shall be established and promulgated by the Ministry of Human Settlements only after public hearing and shall be published in two newspapers of general circulation in the Philippines for at least once a week for two consecutive weeks and shall take effect thirty days after the last publication.  

SECTION 6.  This Act shall take effect upon its approval. 

Approved, March 25, 1982.  

Prs-032-0022

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LEGAL FORMS: Contract To Sell

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CONTRACT TO SELL 

 

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT TO SELL, made and executed this ____ day of _________, 20__ by and between:

        (NAME OF SELLER /VENDOR), of legal age, single/married to (Name of spouse if any), Filipino, and with residence and postal address at  (Address), hereinafter referred to as the "SELLER/VENDOR";

-AND-

        (NAME OF BUYER/VENDEE), Filipino and with residence and postal address at (Address), hereinafter referred to as the "BUYER/VENDEE".

WITNESSETH;

        WHEREAS, the SELLER/VENDOR is the absolute and registered owner of a parcel of land consisting of LAND AREA IN WORDS (000) square meters, more or less, located at (Address of property to be sold) and covered by Transfer Certificate of Title No. (TCT Number) issued by the Registry of Deeds of (Name of Town or City);

        WHEREAS, the BUYER/VENDEE has offered to buy and the SELLER /VENDOR has agreed to sell the above mentioned property under the terms and conditions herein below set forth;

        NOW THEREFORE,  for and in consideration  of the total sum of (Amount in words) (Php: 000,000.00) Philippine Currency, and of the covenants herein after set forth the SELLER/VENDOR  agrees to sell and theBUYER/VENDEE agrees to buy the aforesaid property subject to the following terms and conditions: (Note: Terms and Conditions below are sample only, please revise)

1.     The total consideration shall be One Million  (Php: 1,000,000.00) PESOS, Philippine Currency, payable as follows:

a) The amount of THREE HUNDRED THOUSAND (Php: 300,000.00) PESOS, representing earnest money shall be payable by the BUYER/VENDEE to theSELLER/VENDOR upon signing of this Contract to Sell;

b) The remaining balance in the amount of SEVEN HUNDRED THOUSAND (Php: 700,000.00) PESOS, shall be paid in Cash on or before ___________, 20__.

c) In case the check representing the payment for the balance provided in paragraph b hereof, is dishonored by the drawee bank, the earnest money in the amount of THREE HUNDRED THOUSAND (Php: 300,000.00) PESOS, shall be forfeited in favor of the SELLER/VENDOR.

2.     Capital Gains Tax and Real Estate Tax, shall be for the account of the SELLER/VENDOR;

3.     Documentary Stamps Tax, Registration Fee, registration expenses, and all other miscellaneous fees and expenses shall be to the account of the BUYER/VENDEE;

4.     Possession to the subject property shall be delivered by the SELLER/VENDOR to theBUYER/VENDEE upon full payment of the total consideration;

5.    Upon full payment of the total price, the SELLER/VENDOR shall sign and execute a DEED OF ABSOLUTE SALE in favor of the BUYER/VENDEE. The SELLER/VENDOR shall likewise execute and/or deliver any and all documents, including but not limited to the original copy of Transfer Certificate of Title, Tax Declaration and all other documents necessary for the transfer of ownership from SELLER/VENDOR to the BUYER/VENDEE.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this ___ day of ____________, 20__ at _________________________, Philippines.

 (SELLER/VENDOR)                                (BUYER/VENDEE)

Name                                                       Name

 

WITH MARITAL CONSENT:

________________________                       _________________________
Name of Seller/Vendor's Spouse           Name of Buyer/Vendee's Spouse

 

SIGNED IN THE PRESENCE OF:

__________________________               ____________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)
_____________________________ )  SS.

BEFORE ME, a Notary Public, this ____________day of ________________, personally appeared the following:

Name                               CTC Number                Date/Place Issued

(Name of Seller/Vendor)                 10000000                February 5, 20__ / Pasay City

(Name of Buyer/Vendee)                 10000000              January 14, 20__ / Quezon City

This instrument, consisting of ___ page/s, including the page on which this acknowledgment is written, has been signed on the left margin of each and every page thereof by the concerned parties and their witnesses, and sealed with my notarial seal.

IN WITNESS  WHEREOF, I have hereunto set my hand the day, year and place above written.

 

Notary Public

                             
Doc. No. ........;
Page No. .......;
Book No. .......;
Series of 20__.

CRESAR: Marikina Valley Realtors Board (MVRB)

UPDATE: MVRB CRESAR Schedule for 2013 Real Estate Brokers Exam

Schedule - Jan. 11, 12, 13, 19, 20, 25, 26, 27, Feb. 1, 2, 3, 8, 9 ,10, 2013

Venue - BSA Twin Towers, Everest Room B, Bank Drive, St. Francis Square ( Behind SM Megamall Bldg. A)

Seminar Fee - P15,000 for early bird (up to,  Dec. 15, 2012), P18,000 (Dec. 16-31, 2012) Includes food, coffee, training materials

Contact - Mike Caparros (02) 347-0652 or (0922) 899-6453   mikecaparros@yahoo.com

Source: http://theprojectreview.blogspot.com/2012/12/information-comprehensive-real-estate.html

Watch out for the upcoming 120 unit Comprehensive Real Estate Seminar And Review (CRESAR) for the 2013 PRC real estate broker licensure examination to be sponsored by the PAREB-Marikina Valley Realtors Board, Inc.(PAREB-MVRB) as they are yet to have a general membership meeting wherein the CRESAR schedule is among the agenda. This is what I got from this blog site theprojectreview.blogspot.com

In the past, MVRB has been consistently sponsoring CRESARs. In 2010, it was conducted at the Legend Villas along Pioneer St. (near the Globe Tower, Edsa) Mandaluyong City.

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