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Buyer'S Information Sheet (Individual / Sole Proprietorship Account)
Buyer'S Information Sheet (Individual / Sole Proprietorship Account)
OFFER TO BUY
Sir/Madam : ___________________________
"THE OFFER"
I/We offer to buy the property (the "property") described below for PESOS:_______________________________________
(P_________________.00) (the: "Purchased Price") on is "As Is, Where Is" basis.
THE PROPERTY:
LOCATION OF PROPERTY:__________________________________________________________________
LOT AREA: _____________ SQ.M. FLORR AREA: ___________ SQ.M. TCT NO:_____________________
1
In relation to our OFFER, I/We propose and abide by the following terms and conditions the property:
1. Bank of Makati, Inc. (BMI) has no commitment and makes no guaranty to approve/accept the offer. The offer is understood to be subject to final approval
by BMI's approving authorities.
In case the offer is approved in accordance herewith, upon receipt from the bank of the approval of this offer, either via e-mail, SMS or phone, I undertake
to pay the amount due, either the full payment or the down payment, including all charges necessary to the transfer of title to my/our name, within five (5)
working days from the date of said receipt, otherwise, my offer shall be deemed invalid and the Bank may sell the property to any other party subject to
Section 8 hereof.
2. I/We shall recognize and affirm that BMI sells only whatever rights, interests and participation it has acquired on the property and I/We are charged with full
knowledge of the nature and extant of said rights, interests and participation. It is also understood that I/We have inspected and ascertained the condition
of the property and found them acceptable. Moreover, I/We voluntary make this offer based on our evaluation and inspection of the property I am / we are
purchasing and I/We had the option to employ professional and technical assistance in deciding whether I/We will purchase the property and I/We have
not relied on any representation by BMI with respect to the property subject of this offer. I/We are of full knowledge that BMI is not a subdivision developer
or real estate company as the property is only acquired in the course of enforcement of its liens and encumbrances as a creditor and hereby fully agree
that BMI is not in anyway responsible nor accountable for any development in the area where the property is located (in case of subdivision
lot/condominium unit).
3. I/We acknowledge that the sale shall be on "AS IS, WHERE IS" basis. I/We further acknowledge that existence of conditions and circumstances involving
the subject property, if any.
4. I/We hereby agree that the eviction of the illegal occupants of the property, if any, herein conveyed shall be my/our sole responsibility. The Bank shall not
be responsible for evicting such occupant/s.
5. I/We hereby agree that the relocation survey and demolition of existing structures, if needed, shall be for my/our account.
6. (A) FOR CASH SALE, I/We propose that the following conditions shall be imposed upon us:
i. The approved Purchase Price shall be paid within five (5) days from my/our receipt of the approval of this offer from the Bank. I/We shall pay
upfront the full payment and the Documentary Stamp Tax as a pre-requisite to the consumption of the sale of the property.
ii. The Deed of Absolute Sale, in form and substance acceptable to BMI, shall be executed not later than fifteen (15) days from our receipt of the
approval of this offer from the Bank as defined under Section 1 above.
iii. I/We hereby agree and undertake, at my/our own cost and expense, to cause the cancellation of all encumbrances or liens annotated on the
title covering the Property, if any (for cash only).
(B) FOR INSTALLMENT BASIS-ACQUISITION OF BMI'S ROPA, I/We shall bind myself/ourselves to these terms and conditions:
i. I/We shall pay a down payment equivalent to Pesos:___________________ Php________ or (__%) percent of the approved Purchase Price,
within five (5) days from my/our receipt of approval of this offer from the Bank as defined under section(1).
ii. This shall serve as my/our application for an Installment Sales Contract/Contract To Sell Agreement for the acquisition of the said property
which may be granted within five (5) days from receipt of the approval of this offer, either via e-mail, SMS or phone.
iii. Installment Sales Contract/Contract To Sell Agreement, is subject to the following terms and conditions:
a) All loan documentary requirements will be submitted within ten (10) days from receipt of the Letter Approval Advice.
b) Installment Sales Contract/Contract To Sell Agreement.
c) In the event of my/our withdrawal/cancellation of my/our offer after receipt of the approval of this offer from the Bank has been served, or
in case of failure on my/our part to pay the amounts provided in Section 6 above within the specified period or to sign the Installment
Sales Contract/Contract To Sell Agreement within the specified period, the down payment including any and upfront charges collected
shall be refunded to me/us without interest net of P5,000.00 processing fee. The application for Installment Sales Contract/Contract To
Sell Agreement is deemed canceled. Thereafter, BMI shall be free to sell the property to other interested parties.
d) In the event that my/our application for Installment Sales Contract/Contract To Sell Agreement is not approved, the down payment and all
other expenses/fees that I/we paid will be returned tome/us, without interest.
e) In the event that my/our are declared past due or delinquent by the bank due to our failure to pay any of the monthly amortization of our
Installment Sales Contract/Contract To Sell Agreement my/our Offer to Buy is deemed rescinded. Any payments that I/We have already
made shall be considered as lease or rental to the property and be forfeited in favor of the Bank.
f) I/We shall then abandon any claim over the property or any claim against BMI arising from this transaction.
7. All necessary expenses including registration fees, documentary stamps, service provider, notarial attorney's fees, all other fees necessary to transfer the
title in my/our name shall be charged to my/our account. This excludes all real estate taxes due on the property until the year of sale and capital gains tax,
which shall be shouldered by the Bank. The aforementioned expenses/fees may be advanced by Bank and will be collected from me/us upon demand.
8. Unless revoked mutually in writing or if my/our offer and application are not approved by the Bank, this document is a valid contract that binds me/us with a
force and effect of law.
9. Filling-out of this information and affixing my signature herein constitute my written and formal consent as required by Republic Act 10173 and waiver of
my rights accorded to in the said law.
I/We HEREBY CERTIFY that the above information are true, correct, accurate and complete. I/We also authorize Bank of Makati, Inc. to obtain
information and confirmation thereof from my/our Banks, employer and other references listed herein. Filing-out of this information and affixing
my/our signature herein constitute my/our written and formal consent as required by Republic Act 10173 and a waiver of my/our rights accorded to
in the said law.
List of Requirements:
1. Certificate of Employment indicating compensation 3. Photocopy of valid ID
2. Latest Income Tax Return 4. Photocopy of Marriage Contract (For married applicants)
a. BIR Form 2316 5. If applicable, Special Power-of-Attorney (notarized by Philippine Consular)
b. BIR Form 1703 (For those with foreign-sourced income) Office if issued abroad)
c. BIR Form 1701 (For this with business and compensation income) 6. Tax Identification Number or SSS Number or Passport Number