- Complete the project in accordance with the approved development plan and therefore not later than December 2016, and advise buyers in writing of such time frame for development.
- Maintain the facilities until their turnover is authorized pursuant to PD 1216.
- Register the instrument relative to any sale with the Register of Deeds whether or not the price is fully paid within 180 days from execution.
- Deliver the title free from the liens and encumbrance to fully paid buyers or if mortgaged redeem and deliver the same within six months from all payment.
- Pay the real estate tax assessment on the lot/unit until the year the tile is transferred to on actual possession/occupation is taken by the buyer.
- Refrain from forfeiting payments made by the buyer who suspend amortization after due notice to owner or developer on ground of incomplete development of non-development.
- Submit report showing the extent of the project development and changes in corporate officer within 60 days after each semester .
- Initiate the organization of home unit owners.
- Refrain from levying any fee for an alleged community benefit upon the buyers, and
- Comply with other provisions of the pertinent law, rules and regulations.
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