Maceda law

Before anything else, pls know that I am not yet a lawyer and I have never made such claim. Applicable pa po ba ang Maceda Law dito? The buyer shall have the right to sell his rights or assign the same to another person OR to reinstate the contract by updating the account during the grace period and before actual cancellation of the contract.

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Maceda Law | Real Estate Lawyer Philippines

I abandoned my unit without reaching out to both bank and my developer. Hingin nyo na rin po yung annex na hindi binigay sa inyo. See Section 5 of PD for more details about this po. Does purchase application form will do as a contract? They said they would call me for feedback but they did not do it yet. But what else could be the reason why they cannot produce individual tax declaration?

In short, hinayaan ko nalang. Equity is 30months to pay. If so, what are the things we must do?

Pwede po bang malaman kung thru in-house financing ang pagbayad ninyo ng monthly amortization? This section emphasizes the overriding power of the Maceda Law against the contract made by the developer and the buyer. Then, my representative in the Philippines was advised, should I sign for a new contract of the same property which is a lot more expensive I could get partial of the payment, about PHP k from PHP k i paid.

la Pero Same unit pdin. If it says in their LTS that they are to finish the project in April,they are legally required to deliver it by April, We will very much appreciate your help po.

Good day po…tanong ko lang po kahit po ba fully paid ko na yung bahay then gusto ko na iparenovate kailangan ko pa rin po ba magbayad ng construction ban?

The Maceda Law (RA 6552) – Read the full text and know your rights…

I was disappointed kasi akala ko matetake-out na yung unit. After 1 year namin na nagbabayad sa developer rent to own, nag request kame ng june ng smaller unit lww to financial constraints. Maybe they will tell me to wait again. Baka dito makakuha ako ng information o guide kung ano ang pinakamabuting gawin. So magcacancel na lang ako, coz what if mangyari ganto in the middle of the payment terms — medyo disappointing, the more na mahirap na magback-out by then.

This is what I macsda in mind when I sued my developer about 2 years ago. Hello po sa inyo, gusto ko lang po magtanong may problema po kme sa isang developer, ksi bumili po kme ng condo unit by installments, nung malapit na macomplete ung condo, d p nmen kaya ifull payment, so sinuggest nung developer iupgrade kme at inofferan kme na kumuha nlng ng ibang condo unit na kanila din na on going pa dn ung building pra masolutionan ung d nmen mabayaran pa ung kaw na unit at kht papano mahaba macsda yung time nmen, so ang nangyari innilipat nila ung payments na nagawa dun sa nauna condo unit which 1br to 2br, and different building.

Kasi, from our experience, they will just ignore your letter if walang ganun. Sinabi naman ng developer na baka hindi na raw sila makapagbigay ng refund sa equity dahil gagamitin nila ito sa pagtransfer ng name ng title sa sinumang magkainteres na mag-apply sa housing unit jaceda iyon. Salamat po ng marami sa mga sasagot po.

Macfda na sana nila yun sa iba kung hindi nyo binili yun. And if you have to, pakiusapan nyo nalang po yung seller nyo na penalties nalang bayaran nyo. Lubos na umuusa po sa inyong mahalgang kasagutan, salamat po. Kahit po kasi sinabi nyo sa seller na bank financing kayo, hindi po kasi yun responsibility ng seller ang pagsecure ng loan ninyo from the bank. Baka gusto lang talaga nilang bawiin ang property from you for whatever reason they have in mind.

The penalties are just the consequences of our failure to comply with that responsibility. You can read up on this to find out more about contracts and your rights as one of the contracting parties. Wala po akong nabasa kung applicable yun para sa mga na turn over na unit On Feb 23, 3: We were at our 3rd year mxceda. In your case, if your developer is really past their delivery date, your developer is the one who is at fault, not you.

Is it true that if i dont pay the total 24 months, i wont be able to get anything if i decide to cancel the contract?

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