Scribd
Upload
388 views1 page

Homeowners AGREEMENT

The document is an agreement for a new member of the Golden Homeowners Association to take ownership of property from a resigning member. It outlines the new member's responsibilities which include attending monthly meetings, paying monthly amortizations of PHP 700 by the 7th of each month with a 10% penalty for late payments, and settling any outstanding fees and dues owed from the start of the resigning member's ownership. The new and resigning members, as well as the Association president, sign to finalize the transfer of ownership and acknowledgement of the new member's obligations.

Uploaded by

Diego Ocdenaria
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
388 views1 page

Homeowners AGREEMENT

The document is an agreement for a new member of the Golden Homeowners Association to take ownership of property from a resigning member. It outlines the new member's responsibilities which include attending monthly meetings, paying monthly amortizations of PHP 700 by the 7th of each month with a 10% penalty for late payments, and settling any outstanding fees and dues owed from the start of the resigning member's ownership. The new and resigning members, as well as the Association president, sign to finalize the transfer of ownership and acknowledgement of the new member's obligations.

Uploaded by

Diego Ocdenaria
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

GOLDEN HOMEOWNERS ASSOCIATION

Cebu City

AGREEMENT

I am _____________________________________, _________years old, and resident of


I am wholeheartedly willing to take ownership of property at Phase ______ Lot # _____ on
Behalf of the resigning member___________________________________.

I am aware of the duties and responsibilities, and obligations of a member of the


Golden Homeowners Association, Inc. including, but not limited to attending monthly meeting
assembly and activities called in for the association, as stipulated on the Association’s By Laws.
I have read and understood them and therefore, will agree to them.

I was educated on the lot monthly amortizations which costs Php 700.00 and will merit a
10% interest rate as penalty, should I fail to pay it on or before the due date which is every 7’th
of every month.

It was also discussed to me the registration fee, annual and monthly dues that I am
obliged with, the moment I become a member of the association. And that because I am taking
full ownership, it is now my responsibility to settle any monetary payables with the declining
party and the officers present starting from the day the declining member has started his/her
payments, including, but not limited to, all the fees and all the dues, since day one.

_______________________________________________
New Member’s Signature over printed Name and Date

___________________________________________________
Resigning Member’s Signature over printed Name and Date

As witnessed and noted by:

President

You might also like