2 > Know your requirements

There are standard requirements and documents that you need to submit if you are to push through with your Century property purchase:

Reservation Fee

• This is payable through cash, credit card, check, or wire transfer
• For vertical projects (condominiums) the reservation fee ranges from P25,000 to P100,000.

Reservation Agreement or Signed Reservation Commitment

• The RA/RC is the initial agreement between the seller and the buyer/co-developer. It stipulates the details of the purchase, conditions of the sale and the terms of payment.
• The Reservation Commitment is only for projects using the “Co-Development Concept.”
• You will submit this together with a Buyer’s Information Sheet that you will have to fill up, and a payment schedule subject to your approval

Photocopy of Valid IDs

• Driver’s License, Company ID, Passport, SSS/BIR, Postal Id, Voter’s ID will be accepted.

Income Documents for Client Evaluation

• Example: Certificate of Employment, Remittance Slips, Payslips, or Income Tax Return (ITR).

Complete Post Dated Checks

• All post-dated checks should be submitted within the specific timeline from each respective location:
• Philippines : 1 to 35 days upon RF
• USA / Australia : 1 to 45 days upon RF
• Europe & Middle East : 1-60
• Canada / Asia : 1 to 40 days upon RF

Tax Identification Number

• For local residents

Additional Documentation Requirements
These may be required on a case to case basis:

• Certificate of Finality from the court: Legally separated; Annulled marriage; Separation of properties
• Special Power of Attorney (duly notarized and signed by the buyer)
• Certified true copy of the SEC Certificate of Registration and the Articles of Incorporation and By-Laws (for corporate buyers)
• Original copy of the Board Resolution / Secretary’s Certificate (for corporate buyers)