The Condominium and Subdivision Buyer’s Right.
NON FORFEITURE OF PAYMENTS
Source: Human Settlements Adjudication Commission (hsac.gov.ph)
Section 23 of PD 957 states that a project owner of developer cannot forfeit a buyer’s payment for a subdivision lot or condo unit when the buyer after due notice, stops paying for it because the project has not been developed according to plans and within the limit allowed by DHSUD.
Likewise, the buyer has the option to demand a refund of the total amount paid with legal interest. This amount includes amoritization interest, but excludes delinquency interest.
Buyers may file verified complaint before the Human Settlements Adjudication Commission for the violation of the said right/s.
