Avida has the primary goal of creating "dream" shelters that enhance the quality of family life. We pioneer housing technology that ensures superior and consistent quality thereby achieving excellent value for money.
We develop and maintain residential communities that set the standard in the industry, promote the growth of property values and enhance the well-being of its residents and environment. As a company, we will be guided by the following core values:
The particulars and visuals shown herein are intended to give a general idea of the project and as such are not to be relied upon as statements of fact. While such particulars and details on present plans which have been prepared with utmost care and given in good faith, buyers are invited to verify their factual correctness and subsequent changes, if any. The contents herein are subject to change without prior notice and do not constitute part of an offer or contract.
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Thank you for choosing Avida for your housing needs. We want your purchase to be as hassle-free as possible. Hence, we encourage you to spend time to read through for better understanding of what to expect - our deliverables and your corresponding obligations towards full realization of your expectations.
Title and Tax Declaration
1. Are all units sold secured by a title?
Each of the units that you buy from us is covered by a title that will eventually be transferred to your name. A Transfer Certificate of Title (TCT) is issued to the new Avida lot owners and house and lot owners while a Condominium Certificate of Title (CCT) is issued for condominium unit owners.
2. What is the procedure in title transfer?
The titling process starts when the Bureau of Lands (BL) issues an approved plan to consolidate and/or subdivide a parcel of land into the saleable units and open spaces/road lot/common area. The title/s of the parcel/s of land is presented to the Register of Deeds (RD) together with the approved subdivision plan by the Bureau of Lands. The Register of Deeds will prepare individual titles for each and every saleable unit and open spaces/road lot/common area depending on how the cut up plan was approved by the Bureau of Lands. The Register of Deeds will not issue the new set of titles on a piece meal basis. It prepares all the titles for the approved plan before Avida can get any one of them. At this point, all titles that will be issued will be in the name of Avida or its joint venture partner.
3. When does the title transfer commence?
Once you have fully paid your loan or Avida has an undertaking from your financing institution to fully pay your purchase, depending on the financing package you chose, we can now effect title transfer from Avida to your name. This does not go directly to the Register of Deeds (RD). We still have to pay for the taxes due on the purchase to the Bureau of Internal Revenue (BIR) to secure the necessary documents required by the Register of Deeds from that government agency before effecting actual title transfer. This process takes about four (4) to six (6) months from date of full payment and submission of all documentary requirements.
Once all taxes due to the government are paid and the necessary clearances are secured, all the documents needed to effect title transfer are forwarded to the Register of Deeds. This process takes about two (2) to three (3) months.
Delays at the Local Government Units (LGUs) are sometimes experienced due to any of the following:
For further clarifications on the above items, please get in-touch with our Property Consultants.