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Affidavit of Undertaking To Submit TCT For Subdivision (DHSUD)

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Republic of the Philippines)

City of Cebu)

AFFIDAVIT OF UNDERTAKING TO SUBMIT


TRANSFER CERTIFICATE OF TITLE (TCT)
(For Subdivision Projects)

I, __________________________ of legal age, with postal address at


____________________________________________________ after being sworn to in accordance with
the law do hereby depose and the following:

1. I am the _______________________________, of _____________________ (Position) (Name


of Firm) duly authorized for the purpose of this undertaking.
2. That the said Firm is the owner/developer of __________________________________ located
at __________________________________________________ which is the subject of an
application for License to Sell before the Department of Human Settlements and Urban
Development (DHSUD).
3. I fully understand the legal obligation of my company to guarantee and ensure the delivery of
individual titles to the lots/units purchased by our buyers, titles of areas declared as open
space/common areas.
4. For the reason not attributable to our negligence of intentional malfeasance and which are
beyond our control, the issuance of such separate titles and inscription of the required annotation
will take time;
5. I hereby warrant that there in no legal reason or justifiable cause why said titles could not be
issued in the normal course of business.
6. I understand to submit to this Office within fifteen (15) calendar days from release of License to
Sell for the project proof of filing of proper and complete request of or application with the
concerned Register of Deeds for the issuance of individual TCTs for all saleable lots and that if
deemed necessary and upon demand by DHSUD copies of said titles shall be submitted.
7. That I understand to submit certified true copy of titles for all the common area each of which
shall specify the particular purpose for which the lot shall be used (parks and playground,
community facilities, roads, etc.,) no later that 120 days counted from release of the License to
Sell;
8. In the case of non-compliance herewith, DHSUD may suspend our license or consider the same
revoked.
9. I bind myself jointly and several with the company in ensuring compliance with the foregoing.

IN WITNESS WHEREOF, I have hereunto affixed my signature this day ________________in


the City of Cebu, Philippines.

AFFIANT’s Signature

SUBSCRIBED and sworn to before me, in the City of Cebu on this day
________________ affiant exhibiting to me her valid proof of identity detailed above.

WITNESS MY HAND AND SEAL.

Doc. No. __________


Page No. __________
Book No. __________
Republic of the Philippines)
City of Cebu)
Series of 2024

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