CONDOMINIUM AND SUBDIVISION BUYER’S RIGHT ⇒FAILURE TO PAY INSTALLMENTS
SECTION 23 OF P.D. 957:
States that a project owner or 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 time 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 amortization interest but excludes delinquency interest.
Buyers may file a verified complaint before the Human Settlements Adjudication Commission for the violation of
the said right/s.
Source: hsac.gov.ph
