Rent to Own a House in Tabok, Mandaue City.

This house has reinforced concrete structural shell,
Pre-painted Metal Sheets roofing, Ceramics Floor Tiles at the ground floor and also in the second floor. It’s Interior Walls is a Fiber Cement on stell joist with top coat paint, and the Exterior Walls is Plain Cement Finish with top coat paint. The Ceiling is Flat latex White Paint Finish. The Bathroom is Ceramic Wall & Floor Tiles And in the Kitchen Counter is Concrete Slab with glazed tiles stainless sink.

Model house: Isabel – 3 storey – IU
Total Lot Area: 66 sq.m.
Total Floor Area: 99 sq.m.
Rental Rate: 25,000.oo pesos per month

Mechanics:
1. Units selected for the rent to purchase program and their corresponding lease rates (exclusive of VAT and Home Owner’s Association Dues)
2. The lessee is required to pay 3 months advance and 3 months security deposit, minimum lease term is one year. The 3 months advance is credited upon the last 3 months of the lease term.
3. The client must submit all standard requirements stated in our checklist of requirements, including POST DATED checks (PDC’s) for the monthly rental and they shall signed the contract of lease before they can move in to the property.
4. Move-in is upon payments of the 3 months deposit and the 3 months advance and upon execution of the Contract of Lease.
5. The client is given an Option Period of 1 YEAR, to decide whether to purchase the unit or not subject to evaluation and approval of Taft Property.
6. If undecided to purchase upon end of the 1 YEAR option period, the contract will remain a lease agreement and may be renewed or terminated as requested.
7. The cost of repair of damages will be deducted from the security deposits, when the lease contract is terminated.
8. When the client decides to purchase the property, he shall advice the developer in writing about the intent. The amount paid as rent for the whole year shall be credited as partial payments of the unit and payment arrangement on the remaining balance shall be set. The contract shall than be converted to an absolute purchase agreement.
9. The package price shall be based on the Total Contract Price at the time client decided to purchase the unit and current promotions will be availed.