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March 1, 2013

Rent to Own

Sudtunggan, Lapu Lapu City, Mactan Island, Philippines

150 sqm (floor) 2 Garage 5 Bedroom 3 Bathroom

rent to own

A rent to own house located in Sudtunggan, Lapu Lapu City Mactan Cebu near Gaisano Grand Mall Mactan, Mactan Doctors Hospital and famous hotels and resorts Mactan is famous for.

Subdivision Amenities:
• Landscaped entrance
• Elegant guard house with tower
• Park and playground
• Concrete roads with street sign-ages
• Cemented sidewalks with street lights
• Cemented curbs and gutters
• Underground drainage system
• Tree-lined concrete access road
• MCWD supplied water distribution system
• Electrical power supply
• Perimeter fence
• Tennis court
• Basketball court
• Multi-purpose hall with administration office
• Telephone lines
• Cable TV lines

Two Storey Single Detached House
5 Bedrooms
3 Bathrooms

Lot area starts at 180 sqm – 338 sqm
Floor area: 150 sqm

Price ranges from Php 4,864,000 to Php 5,521,000

Rent to Own Monthly Rental: From Php 61,000 monthly to Php 69,000 monthly depending on the unit chosen

TERMS AND CONDITIONS OF LEASE TO PURCHASE AGREEMENT:
1. The lessee should pay 2 months advance and 3 months security deposit before they can move in
2. The lease shall be at least a 1 year contract.
3. Water, Electric bills and association dues will be on the lessee’s account.
4. The lessee / buyer will be given a contract period of 1 year to decide whether to purchase the house.
5. If undecided to purchase upon end of the 1 year option, the contract will remain a lease agreement and may be renewed or terminated as required.
6. If lessee / buyer decides to purchase the house,the amount paid as rent for the whole year shall be credited as partial payment of the house and the lease contract shall be converted to an absolute purchase agreement.
7. Usual In house and Bank Financial Terms for the balance will be available (20% downpayment for IN HOUSE / 30% downpayment for bank financing)
8. Post dated checks are required to cover for the whole lease term.

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