LEGAL MEMORANDUM
No. 3-1, 2023
TO
:
JSC/EXECUTIVES
CC
:
ENGR. JOJO DE GUZMAN
FROM
:
Legal Department
SUBJECT :
Comments on Property at 1740 Instruccion St.
DATE
09 March 2023
:
We have received that information that of the 5 owners of the property we are intending
to buy, 1 is deceased and 4 are in Australia.
FOR THE DECEASED OWNER
-Make sure that the estate has been settled and the settlement includes the property we
are buying. If yes, we get a copy of the extrajudicial settlement. If not yet settled, we have
to require for the settlement of the estate before we proceed with the purchase. The heirs
of the deceased have to submit an Extrajudicial Settlement and pay the taxes with the
BIR.
FOR THE OWNERS ABROAD
-They have to execute/sign an SPA assigning one person to do the transaction with us.
They must have the SPA notarized in the consul of the notary where they are staying.
They have to consent to the selling of the property and assign one person to transact with
us through the SPA.
Thank you.
LEGAL DEPARTMENT
ATTY. JASMIN MEI R. SY