Master PD 957 (Subdivision and Condominium Buyers' Protective Decree). Learn about License to Sell requirements, developer obligations, buyer payment protections, advertising rules, and enforcement. explained in plain language with real-world scenarios.
Understand the registration and license to sell requirements under PD 957. Learn what developers must file, the performance bond requirement, and which transactions are exempt.
Learn how PD 957 regulates developer advertising and treats brochure promises as enforceable warranties. Understand the completion timeline and restrictions on plan alterations.
Understand how PD 957 protects buyers' installment payments from forfeiture when developers fail to deliver. Learn the non-forfeiture rule and the connection to the Maceda Law.
Learn how PD 957 regulates developer mortgages, requires contract registration, and allocates real estate tax liability between developers and buyers.
Learn about developer obligations under PD 957 including prohibited fees, right of way requirements, open space donations, and the mandate to organize homeowners associations.
Understand the penalties for PD 957 violations, the government's power to suspend or revoke licenses, and the Authority's take-over power when developers fail to deliver.