The Project The Location Typical Plan The Suite Unit The Superior Unit Egi existing amenities About Egi For Inquiries

OTHER PROVISIONS
  1. Ownership

  2. 1. Upon full payment, EGI ( Developer ) will execute a Deed of Absolute Sale to the Buyer.
    2. A Condominium Certificate of Title shall be transferred to lthe Buyer , free from lien & encumbrances by the Developer.

  3. Closing Expenses
  4. Buyer shall pay the cost of transfer upon full payment , approximately 4% of the price of the unit.

    VAT and Capital Gains – shall be paid by Developer.

  5. The Condo Hotel shall be managed by a professional Hotel Management Company.

  6. Investor/Buyer of unit shall sign a contract with Hotel Management Company.
  7. That unit purchased shall be included in the hotel pool for a period of 10 years. During such period, all expenses namely , dues, maintenance/repairs of unit, to include furniture and fixtures shall be regularly maintained/replaced by the Hotel Management Company.

  8. Guaranteed Income
  9. Developer/Hotel Management Company shall guarantee the payment of monthly income to unit owner participating in the hotel pool. A guaranty letter shall be issued by the Developer.

    Suite Unit - P10,000.00 a month or P120,000.00 a year

    Superior Unit – P8,000.00 a month or P80,000.00 a year.

  10. Profit Sharing
  11. In addition to the monthly income that unit owner will receive , they will also share in the profit of the hotel at the end of each year computed or on the bases of their proprietary share which is for

    Suite unit’s - proprietary share is 0.5813 x Net Income

    Superior unit’s - proprietary share is 0.4415 x Net Income

  12. Usage of Unit
  13. Should you or family wants to stay in your unit, you will be charged for your stay less 30% of hotel rates.

    You may charge/offset the payment from your accumulated guaranteed Income / or proceeds of profit sharing earned.

    In case your unit is not available due to short notice, you will be accorded the same type of room in the hotel.




All Estate Realty & Brokerage Inc.

Manila Office
45 Annapolis St. Greenhills San Juan, Metro Manila
Tel: (632) 7211269 Fax: (0632) 7211593
(632) 7211721 Mobile: +63 917 5260963
(632) 7218179    
Cebu Office
Tel: (6332) 2323111
Fax: (6332) 2323117
Attention: Grace Ganzon
Mobile: +63 917 5260963
+63 918 2394411
Email: grace_ganzon@yahoo.com