RESERVATION

GUIDELINES &
POLICIES

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 COMPLETE
RESERVATION
REQUIREMENTS
 Reservation Fee (Cash or Check)
• Check Payee: Cebu Landmasters, Inc.
• Velmiro Greens Bohol Reservation Fee : P 25,000
• Casa Mira IloIlo Reservation Fee : P 15,000
 Completely filled out Buyer’s Information Sheet (BIS)
 2 Valid Government Issued IDs (spouses if married)
 Philippine Tax Identification Number (Buyer and Seller)
 Signed Term Sheet
 Signed Reservation Agreement
 Post Dated Checks (PDCs)
 Copy of Marriage Certificate if married
 Copy of Birth Certificate if single
 Special power of attorney if applicable
 Signed Contract to Sell
 Other documents if applicable (finality of annulment if annulled, death cert.,)

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 HOW TO RESERVE A
UNIT?
Step 1: Discuss the project thoroughly with the buyer.
Step 2: Select a unit.
Step 3: Prepare buyer’s requirements.

Important! ALL RESERVATIONS MUST HAVE THE FOLLOWING

REQUIREMENTS:
1.) Completely filled-out and Signed Buyer’s Information Sheet (BIS) with 3
specimen signature
2.) 2 Valid Government Issued ID’s (spouses if married) with 3 specimen
signatures
3.) Buyer’s Philippine Tax Identification card or number (verified by BIR)
4.) Seller’s (broker/agent) Philippine Tax Identification number
4.) Special Power of Attorney if buyer cannot be present on reservation and
allows the seller or attorney in fact to sign the reservation documents.
5.) Copy of Marriage Certificate if married or Birth Certificate if single
6.) Reservation Fee
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 Step 4: Inform Sales Officer of unit of choice and availability of unit.
Submit reservation requirements.
Step 5: Have the buyer sign the term sheet and reservation
agreement.
Step 6: Receipt will be provided to the buyer for the reservation
payment. Reservation fee is non-refundable, non-
transferrable.
Step 7: You will be notified when the CTS will be available for
buyer’s signature, within 7 days after reservation is
made.
Step 8: Submit the signed Contract to Sell (CTS) and Post
Dated Checks (PDCs) within 2 weeks from reservation date.

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 FRONT PAGE BACK PAGE

COMPLETELY FILLED-OUT AND

SIGNED

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 VERY IMPORTANT!
• Philippine Tax Identification Number (TIN)
• TIN ENGAGED IN BUSINESS?
 YES
 NO
NOTE: BIR collects Creditable Withholding Tax (CWT) on a monthly
basis for TIN engaged in business. If ticked incorrectly, penalties
incurred will be for the account of the buyer.

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 COMPLETELY FILLED-OUT AND
SIGNED

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 POLICY: Issuance of Post Dated Checks
(PDCs)
 Equity amount reflected on the term sheet should be final. Amount
details should be followed correctly on all post dated checks issued.
All checks with alterations/errors will not be accepted.

 Post Dated Checks (PDCs) is strictly required for all equity payments
of buyers in all projects within 2 weeks from reservation date. Initial of
twelve (12) PDCs will be accepted, complete set of checks must be
submitted within 3 months from reservation date. We will also accept
PDCs issued by sellers/agents provided it is covered by SPA. This
will expedite timely processing of incentive and commissions.

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POLICY: Incentive & Commissions
Release
 Incentives and commissions will be released through the Cashiers in all
branches. Please note that all applicable government taxes is applied to all
incentives/commissions released.

 Balance incentive and commission will follow an incremental schedule

dependent on buyer’s term of payment.
 Balance incentive and commission will be processed accordingly upon receipt
of percentage sharing (per unit sale) instruction received from Leuterio Realty
office in all branches.

 Official Receipts will be required for all spot incentives released. Respective
Unit Mangers or Team Leaders may issue receipts in behalf of their agents
without official receipts covered by the necessary SPA.

STRICTLY:
No Receipt, No Releasing of Incentive and Commission

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 POLICY: Check Pull-out

 Conditions for check pull-out:

1.) Calamity
2.) Death
3.) Cancellation

All checks submitted will automatically be warehoused

in our partner banks. Please note banks will require 7
working days before check due date to pull-out/hold
checks. Check re-deposit date should be indicated on
the request letter. Check pull-out fee of P100/check
will be for the account of the buyer.

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 POLICY: Assumption/Flipping of
Investment
CLI discourages and does NOT allow flipping of
investment. Buyer should settle the Total
Contract Price prior to selling to other party.

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 Contact Us
Location Address Contact
Number
Cebu 38 Park Avenue Showroom, India St., IT Park, (032) 354 6998
Lahug, Cebu City

Cagayan de 2F Mesaverte Residences Showroom, Osmeña (088) 881 0630

Oro Extension, Brgy. 26, Cagayan de Oro City

Bacolod 2F Paseo Verde, Brgy. Mandalagan, (034) 474 3268

Bacolod City
Davao ITH Building, Ground floor corner Quirino (082) 298 8426
Avenue, Davao City
Dumaguete GF P&L Bldg., Pinili St., Dumaguete City (035) 523 5828

Ilo-Ilo & Bohol Contact Person:

• Dudes Tuanquin 0917 307
0084
• Bianca Duran (Bohol) 0917 628
0189
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