Frequently Asked Questions

You may submit the following requirements 1 to 3 days from unit reservation:

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1. Signed Reservation Application (Completely filled-out)
2. Signed Computation Sheet
3. At least one (1) Primary ID or two (2) Secondary ID with photo with specimen signature:
   1.  (validity at least 3 months prior to expiry)
4. TIN ID or TIN declaration in the Reservation Application
5. Proof of Payment of Reservation Fee
6. Supplemental documents depending on the payment term chosen (if applicable)

You may submit the following requirements 1 to 3 days from unit reservation:

‍

1. Signed Reservation Application (Completely filled-out)
2. Signed Computation Sheet
3. At least one (1) Primary ID or two (2) Secondary ID with photo & specimen signature of Authorized Signatory/ies:
   1.  (validity at least 3 months prior to expiry)
4. TIN ID or TIN declaration in the Reservation Application of the company
5. Proof of Payment of Reservation Fee
6. Supplemental documents depending on the payment term chosen (if applicable)

You may submit the following requirements 4 to 30 days from unit reservation:

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1. Signed BIR Form No. 1904
2. At least one (1) Primary ID or two (2) Secondary ID of spouse and/or co-owners
3. At least one (1) Proof of Income/Source of Funds:
   1.  Certificate of Employment with Compensation, plus Company ID
   2. Payslip (latest 3 months), plus Company ID
   3. BIR 2316, plus Company ID
   4. Bank Statement (latest 6 months)
   5. ITR and Audited Financial Statements
   6. DTI Certificate of BUsiness Name Registration and Mayor's Permit
4. Proof of Address/Billing Statement
5. Birth Certificate/Marriage Certificate
6. Complete Post-Dated Checks (PDC) or Auto-Debit Arrangement (ADA) Enrollment
7. Notarized Special Power of Attorney (for local), and Apostilled/Consularized for International accounts (if applicable)

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Additional documentary requirements, upon notice from TLDC, may be required.

You may submit the following requirements 4 to 30 days from unit reservation:

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1. Signed BIR Form No. 1904
2. Proof of Income/Source of Funds:
   1. ITR and Audited Financial Statements
   2. ‍DTI Certificate of Business Name Registration and Mayor's Permit
   • Bank Statement (latest 6 months)‍
3. Proof of Address/Billing Statement
4. Complete Post-Dated Checks (PDC) or Auto-Debit Arrangement (ADA) Enrollment
5. Original Notarized Secretary Certificate:
   • authorizing the purchase and mortgage (if through financing) of the property and its terms; 
   • designating and appointing the officer authorized to negotiate and sign documents on behalf of the corporation
6. SEC Registration Documents – Certificate of Registration, Articles of Incorporation/Partnership/Association and By-Laws and Latest General Information Sheet (GIS)
7. BIR Certificate of Registration

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Additional documentary requirements, upon notice from TLDC, may be required.

Primary IDs

1. Philippine Identification Card / National ID
2. Valid Passport
3. Valid Driver's license
4. Unified Multi-Purpose ID
5. Digitized BIR TIN Card
6. SSS ID
7. GSIS e-Card
8. PRC ID
9. IBP Lifetime Membership ID
10. NBI Clearance
11. Work permit issued by DOLE for foreign nationals

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Secondary IDs

1. Police Clearance
2. Digitized Postal ID
3. Voter's ID
4. Tax Identification Number Card
5. Barangay Certification
6. Senior Citizen Card
7. MARINA Professional Identification Card
8. OWWA ID
9. OFW ID
10. Seaman's book
11. Alien Certification of Registration/Immigrant Certificate of Registration
12. Government Office and GOCC ID (e.g. AFP, PNP)
13. Certification from NCWDP
14. DSWD Certification
15. IBP ID
16. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC, or IC

• Post-Dated Checks (PDC)
• Auto-Debit Arrangement (via BPI, Bank of Commerce, Chinabank, Metrobank, RCBC)
• Bank Transfer or Over the Counter Bank Deposit to Torre Lorenzo Development Corporation
  • Proof of bank transaction slip to be emailed at remit@torrelorenzo.com for successful payment posting

Accredited banks for financing are:

• Bank of the Philippine Islands (BPI)
• Bank of Commerce (BOC)
• Banco de Oro (BDO)
• Chinabank Corporation
• Metropolitan Bank & Trust Company
• Rizal Commercial Banking Corporation

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For more information, you may reach our Customer Service team through our Ticketing System: https://customercare.torrelorenzo.com

1. Contract to Sell (CTS) may be issued within 30 days from clearing of first downpayment and document qualification.
2. Deed of Absolute Sale (DOAS) may be issue within 15 days from full payment.

1. For Cash and Bank Financing Option:
   1. Clearance of full payment or Loan Release
   2. Signed Contract to Sell (CTS) and Deed of Absolute Sale (DOAS)
   3. Paid Turnover Fees
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2. For Early Move-In (EMI) Promo:
   • Paid Spot Downpayment
   • Complete Post-Daated Checks (PDC) to cover the amortization
   • Bank Pre-Approval OR Guarantee Check with Signed GC Undertaking
   • Paid Turnover Fees
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3. For Lease to Own (LTO) Option:
   • Payment of equivalent to 4 months
   • At least 24 PDCs or complete 118 PDCs
   • Undertaking (if only 24 PDCs)
   • Signed Contract of Lease
   • Turnover Fees paid

Below outlines the detailed process for the turnover of your unit:

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1. Payment & Document Qualification
   1. All payments must be settled.
   2. All necessary documents must be verified.
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2. Preparation of Unit
   • Preparation may include minor repairs and enhancements.
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3. Invitation for Inspection
   • Buyer will receive an invitation for the unit inspection.
   • Invitation may include other instructions to prepare for turnover.
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4. Unit Inspection and Acceptance
   • After a thorough inspection of the unit, the buyer will sign the Acceptance Document.
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5. Handover
   • Buyer receives Homeowner's Manual.
   • Buyer receives a complete set of keys for unit and RFID Card, as applicable.
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6. Property Management Orientation
   • The Property Management Office will schedule an orientation that covers the condominium policies, rules, and regulations.