Two projects were offered to us in a city in Region 1 province. A lot has to be seen in evaluating the proejcts. Once is for sale (existing) and another one could be only for management and consultancy. Here the paper warks that must be seen.
There are certain liabilities that must be recognized and as points for negotiation:. For example the installment contract receivable and perpetual care (iif it is non existing or intact). ICR shall be for increase in price or it has be excluded because it is unsure? What is going to be the liability of the buyer for past sales? They are explicit in the implementing rules:
1. TCT
2. Tax Dec
3. RPT
4. SB or SP ressolution approving the project
5. Development permit issued by MPDC
6 License to sell
7. Site development plan
8. Inventories
1. Sold
2. Unsold
3. Sold but in arrears
9. Perpetual care fund
10. Installment contract receivable
11. Perpetual care balance, status
12. Types of product, price list
A lot of things to see, examine and evaluate?
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