About Reservation of House in Lancaster New City Cavite

Discover easy steps and procedure on how to reserve a house in Lancaster New City Cavite. Here, we will answer frequently asked questions about reserving a house in Lancaster New City Cavite.

• Fill up completely and sign a Buyer’s Information Sheet and Reservation Agreement form. A representative may sign in Buyer’s behalf.
• Submit them to Profriends’ Reservation Officer for verification.
• Onced approved, pay the reservation fee to the Cashier.
• Receive, bring home and read all loan documents given by the Reservation Officer.
• Be sure you read and understood the terms and condition in the Contract to Sell.
• Congratulations! The house is reserve in your name for 30 days.

• The Reservation Fee closes the sale on a first-come, first-served basis.
• Reservation payment will hold the house for you.
• No payment, No reservation.
• It forms part of the down payment (DP).
• It is non-refundable in case the account is cancelled.

Emma – Php 7,500.00
Alice, Thea, Anica – Php 10,000.00
Adelle, Denise, Chessa, Briana – Php 20,000.00

No. There are no discount on reservation fee.

Your reservation payment is valid for 30 -45 days.

• Yes, subject to approval
• Transfer is only allowed within 120 days from reservation date.
• Transfer is allowed to nearest relatives only.
• Transfer is allowed to another project provided same developer.
• When there is new price increase, it may apply during transfer.
• A transfer fee of Php 10,000.00 is charged upon release of approval.

You must fill up a form – Buyer’s Information Sheet (BIS) and a Reservation Agreement (RA) then pay the reservation fee at any Profriends’ offices – Main, Imus & Site Offices.

The Reservation Agreement (RA) is a 7-page form that identifies the property you will purchase and its specifications. For example: Project, Block and Lot No., Lot Area , House Type, Floor Area and Schedule of Payment. Also stated in the Reservation Agreement that reservation payment is not refundable.

• Failure to appear in person for loan counseling.
• Failure to pay the first DP, in which case the Reservation fee (RF) is forfeited.
• To avoid forfeiture, you must submit/email a Promisory Letter stating the date of payment.
• Failure to remit any three (3) consecutive monthly installments or amortizations;
• Failure to submit within the prescribed period any of the documents that may be required by Pro friends or the financing institution;
• Willful misrepresentation or falsification of any document submitted;
• Voluntary withdrawal from the Reservation Agreement (RA) for any reason whatsoever.

Yes.