4 .

Maidenname,in caseof marriedwomenprofessional;

5. Professional
licensenumber,dateof issueand expirationof ib validity;and

D. Professional
tax receiptanddateof issue

7 . Taxpayer's
ldentifi
cationNumber(TlN)

lf the establishmentof the condominiumprojectis physicallyfeasibleand does not

run counterto the approvedzoningand landuse planof the city or municipality
and
the plancomplieswiththeseRules,the condominium planshallbe approvedand a
development permitshallbe issueduponpaymentof theprescribed processingfee.
A developmentpermit shall only be valid for a period of 3 years from date of
issuanceif no physicaldevelopment
is introduced.
lf projecthas been issueda developmentpermit,a locationalclearanceis deemed
incorooratedtherein.

The owneror developershallsubmitthe condominiumplan in accordancewith the

requirementsof the NationalBuildingcode to the buildingofficialof the city or
wherethe propertyliesand the sameshallbe acteduponsubjectto the
municipality
conditionsand in accordancewith the procedureprescribedin section 4 of the
Condominium Act (R.A.No.4726\.

RULEIV
REGISTRATION
AND LICENSING
OF SUBDIVISTON
AND CONDOMINIUMPROJECTS
Section 7. Applicationfor Registration

A. Common Requirements

The owner or the real estatedealerinterestedin the sale of lots or units in a

projector condominium
subdivision project,respectively,
shallregisterthe project
withthe Boardby filingthefollowing:

1. SwomRegistration
Statementusirrgeither:

d. HLURBForm001for Corporation;or
b . HLURBForm003for SingleProprietorship

CertifiedTrueCopyof TransferCertificate
of Title(TCT)or OriginalCertificate
Of Title (OCT) duly stamped with originatmarking "CERTIFIEDTRUE
COPY" by the proper Registerof Deeds and bearingits seal or security
marker.
A
f

36
 a projed coversmorethan 20 individualtitleswithoutthe required
a. \y'Uhen
shallbe required:
marksdescribedabove,the ficllorving

a.1 Photocopyof TCTs

a.2 Certificationfom the registerof deeds concemedwith its seal or
securitymarkgivingthe followinginformation:

a.2.1 TCTor OCTnumbers;

a.2.2 Nameof all registeredowner(s)and theirsharing,if any;
a.2.3 Areacoveredby eachtitle,
a.2.4 Numberof OCT or TCT fromwhichthe titleis derived;
a.2.5 Statement liensandencumbrances,
of all uncancelled if any;
a.2.6 Lot and blocknumbersas well as PSD/PSU/PCS number,
etc.

b. Whencertifiedcopyof the TCT was issuedmorethan one month priorto

the applicationfor Certificateof Registration(CR), affidavitof the owner
thatt# propertyis freefromliensand encumbrancesWhenthe applicant
is not the owner, deed from the registeredowner showingclearlythe-
authorityof the applicantto the property'e g , its development. and saleof
individuallotsor units;to signandreceivedocuments; and, other relevant
authority.In casethe subdivision/condominium prqecl o1portionthereof
is mortgaged,affidavitof under{aking to submit tit|e; fom the
certification
mortgale6 regarding outstandingbalance of loan and amortization
scniut-e; mortgageof contract;and,affidavitof undertaking of mortgagor'

2 Dulyauditedbalancesheet(certifiedcopY9f the original)issuedand signed

by ihe authorizedofficialof ttre applicantand underthe lattecsauthonty.
be
a. When individualpersonsare involvedand no balance sheet can
BIR
submitted,incometax returnsfor the precedingyeardulyreceivedby
officeandtax receiptsevidencingpayment'
or single
b. Wtrenapplicantis a new corporation,partnership,association been
or incometax
i.e.,no financialstatement
proprietorsnip, retumhas
preparedyet, swornstatementdeclaring:

b.1 Otherassetsor sourcesof fundsand otherresources;

b.2 The natureof controlor ownershipover such assets'funds or

resources;

b.3Commitmenttotheeffectthat,ifnecessary,thesameshallbeusecl
to completethe Project.

4. Articlesoflncorporation(orofPartnershiporAssociation),amendments
thereofand existingbyJaws(or its equivalent)clearlyindicatingthe authorrty
oftheapplicanttoengageinrea|estatetradeparticu|ar|yinthedeve|opment
r"f firigof lotsor u-niii.Wt1enan applicantdeviatesfromthe intendedline

+.
"nO

)'l
 of business stipulatedin its articles of incorporation(or partnershipor
association),authorizationfrom the Securitiesand Exchange Commission
(SEC) and/or the appropriategovemment agency to engage in the
development andsellingof the subjectprqecl.

A copy of any circular, prospec{us, brochure, advertisement,or

@mmunicationused/to be used for public ofiering of subjed projectand br
circulationuponapprovalby the Board.

6. Samplecopyof Contractto Sellto be usedin the publicofferingof lots,units

or lots and units. Whenamendmentsshallbe affec{edon the form contnact
submittedfor notification/approval
by HLURB,pro-formaatfrdavitsignifying
willingnessto ctrangeprojec{name.

Certifiedtruecopyof Environmental
ComplianceCertificate(ECC)/Certificate
of Non-coverage(CNC), whlchevel is'applicable, duly issued by the
Department of Environmental
and NaturalResouroes(DENR)
8. ZoningCertificate
tom HLURBRegionalOffice

Certifiedtrue copy of DARconversionorder.

1 0 . Electricalplan and specifications

duly signedand searedby a ricensed
professionalelectricalengineerand duly approvedby the local franchise
holder.

11. Permit to operate a deepwelland subsequentsubmissionof confirmed

water resistivitytest from the Nationarwater ResourcesBoard (NWRB).
Water potability test results from concerneo government
agencieVMaynilad.

B. Additional Requirements

projects
1. ForCondominium

a. Master Deeds with Decrarationof Registrationand Decraration

of
Restrictionsevidenoedby the properann6tationthereofin ttre tit[isl
or
the propertyand the certifiedtrue copy of such tiile(s) from the Reg;i-er;
Deeds,

b. BuildingPermit

2. For Subdivisionprojects:

a. 2 copiesof verifiedsurveyreturnswith raberfor alr non-sareabre

areas
includingbut not rimitedto parksand praygrounds, communityfacirities
and roadsand easements
^,1,
"40-

38
b. Copy of the followingdocumentsin case the developmentpermitwas
issuedby the LocalGovemmentUnit(LGU)pursuantto the 1991Local
Government Codeand relatedissuances:

b.1 Sangguniang ResolutiorVOrdinance granting of development

permit/subdivisiondevelopment plan containing the following
information:

b.1.1 fullnameof the granteeor permittee andhisaddress;

b.1.2 completeproJectnameand its location;
b.1.3 dateof theresolution or ordinance;
b.1.4 pro1ect area:
b.1.5 full listingof title(s)coveringthe project;
b.1.6 legalbasisof theapproval(PD957,EO 648andotherrelated
laws);

b.2 Certifiedtrue copyol resolutionconferringauthorityto the mayoror

other local govemmentofficialto issue developmentpermit in
cases where the same was not granted by the Sangguniang
Pangbayan/Panlungsod.

Evidence of approval of the subdivisionscheme by the local

governmentofficialmustbe any originalcopyor one certifiedas true
6py thereofby the authorizedlocal governmentofficial'indicating
Oeiny nis full nameand positionand the date of approval lt mysj
contaanthesamedataasdescribedabove'Mostimportantofall'it
must bear an indicationof Sanggunianapprovalsuch as but not
IiMitEdTO WOTdSIiKE "APPROVEDBY AUTHORITYOF THE
SANGGUN|AN''orothersofsimi|arimport,itbeingunderstoodthat
theSanggunian issuedsuchauthority
hasproperly

b.3Proofofcomp|iancetoSec.lSotRAT2Tginanyofthefo||owing
manner:

b.3.1 Development permitof socializedhousingprojects within

the mainsubdivision.

b.3.2 Licenseto sell of socializedhousingprojectoffered as

complianceif tocationof complianceis not within the main
subdivisionProject.

b.3.3 Joint venture agreementwith LGU or other housing

agencies.

b.3.4 Certifiedtruecopyof bondissuedby the LGUwherethe main

projectis locatedor by any of the housingagencles'
plan.
b.4 one (1) set of subdivisiondevelopment

d"..
39
 c. Projectstudy

d. Copyof brochuresandotherfonnsof advertisements.

Section 8. Application for License to Sell

The owner or the real estate dealer interestedin the sale of lots or units in a
subdivisionor condominium projectshallapplywiththe Boardfor a Licenseto sell
by submittingthe following:

A. Programof development(bar chartwirh s-curve,GanttcharupERT-cpM,etc.)

signedand sealedby ricensedengineeror architectindicatingwork activities,
durationandcosting

B. Affidavitof undertaking
to performthefollowing:
1. Segregation
of the individuar
tiilesfor aI rotsor unitswithinthe project;
2. submissionof proofthat tiflesto the sareabrerotsor unitshave
been issued,
which.proof may incrudea certificationfrom concernedregister
indicatingthe tots/brocks of deeds
or unitsor datrasimirarto those,.eq*uired
undertne
requirement for certificateof Registration
onrywhenrequiredby th" B";;;
3. Submissionof a certified rrue copy of tifle of the
common areas/open
space' which tifle shail expressryindicatethe kind
of common-tse
approvedtherefor,on or beforea clefinitedate (to u"
rp."in"J uv
subjectto approvalby the Board). "00r,."",
C. Dulyaccomplished
and notarizedfactsheet

Section 9. Noticeof publication

Lpers,as wellas, the documentsattached

rsinesshours by interestedparties. In
:ct shallbe postedon the projectsite until

Y.?^ol:gro'"oon of.thepubrication,
theproponent sharsubmitproofof pubrication
executed by the pubrisherand an affidavitittestinj io
noticeon the site. the postingof the biilboard

44
'&'

40
Section 10. Certificateof Registration
Uponfindingthatthe projectmaybe registeredln acrordancewith the provisionsof
the decreeandtheserules,the Boardshallcausethe publication at the expenseof
the applicanta noticeof the filingof the registrationstatementin 2 newspapersof
generalcirculations,one publishedin Englishand anotherin Pilipino,once a week
for 2 consecutiveweeks, recitingthat a registra'tionstatement for the sale of
subdivisionlots or condominium unitshas beenfiledwith the Boardand that the
aforesaidregistrationsiatementas well as the papersattachedthereto,are opento
inspectionduringbusiness hoursby interested parties.

After 2 weeksfrom the completionof the publicationand upon submissionof the

affidavitof publications.
the Boa:-cj issuea
shallin the absenceof any impediment'
Certificate uponpaymentof theprescribed
of Registration fees.

Section11. Licenseto Sell

unit in the
No owner or dealershall sell any subdivisionlot or condominium
projectwithouta licenseto sellissuedby the Board.
registered

Upon proper applicationtherefor.submissionof the requiredwork program.

performance bondandpaymentcf the prescribed licensefee by theowneror dealer,
the Boardshallissuea licenseto sell the lot or unit in the projector portionthereof
coveredby the performancebond. providedthat. the submittedregistratlon
statementand other pertinentdocumentaryreguirementsGanestablishthat the
proposedsale of the subdivisionlot or condominiumunit to the publicis nol
fraudulent.

Section12. PertormanceBond
The performancebond requiredundersec. 6 of the Decreemay be in any of the
followingforms:

A. A suretybond amountingto 2oo/oof the development cost of the unfinished

portionof the approvedplan issued by a duly accredited bondingcompany
and acceptableto the Board;or,
iwhetherprivateor government)
B. Realestatemortgageto be executedby the applicantas mortgagorin favor of
the Repub|icof the Phi|ippines the |atteras represented
as mortgages, by and
actingthroughtheHLURB,overapropertyotherthanthatsubjectofthe
fiee fromany liensand encumbrance
apptication, and provided,thatthe value.of
the property,computedon the basis of the zonal valuationscheduleof the
ol the totaldevelopment
bureauof internalrevenue,shallbe at least2Oo/o CoSt;
or,

c. cash bondequivalentto 10%of the development cost of the unfinishedportion

of the approvedplanwhichmaybe in the formof the following'

1, Fiduciarydepositmade with the cashierand/ordisbursingofficerof the

Board;
*l 41
 2. A certificate
of guarantydepositissuedby anybankor financinginstitution
of
goodstandingin favorof the boar.dfor the totaldevelopment
cost;
3. A letterfrom any bankof recognized standingcertifyingthat so muchhas
beenset asidefromthe bankaccountof the applicantin favorof the board
whichamountmaybe withdrawn by thechiefexecutiveofficerof the boardor
by hisdulyauthorized representative,
at anytimethe principal
failsor refuses
to complywithhis dutiesandobligationsunderthe bondcontract;
4. Anyirrevocablecreditlineto be utiiizedin thedevelopmentof the projectfrom
any bank of recognized standingand a refinancing re-structuringprogram
indicating
sourcesof fundingfromdulyaccredited fundinginstitutions.
For pre-existing
projectsany of the formsof performance
bond enumerated
abovemaybe availedof.

RULEV
REGISTRATION
OF REALESTATEDEALERS,BROKERSAND
SALESMEN
Section13' Appricationfor Registrationof Brokersand saresmen
No brokeror saresman shailengagein the businessof seilingsubdivisionrotsor
condominium unitswithoutsecuringa certificate
of registratidn
by firingwith tne
Boarda registration
statementin quadrupricate
containingthefoilowinginrJrmairon:
a. Name,ageandaddress

b' lf a corporation'
partnership,
or association,
its officeaddressand branchoffices
and the namesandaddressesof its executiveofficersanddirectors.

c' statementthat appricant

is quarified
to act as rearestatebrokerdr saresman
pursuant
lo law.
d lf app|cantis a salesman,the nameand addressof the deareror brokerwho
emptoyshim,attaching a copyof appointment.
applicantis a broker,the namesandaddresses
of salesmenemployedby
" [,fl"

Section 14. Certificateof Registration

nentsor information,unlessspecifiedby
said period shall be treatedas original
.l
^+
42