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Is the reservation refundable? Is it deductible from the selling price?

April 26, 2017deductible price refundable reservation Selling

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Is the reservation refundable? Is it deductible from the selling price?

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Reservation which is usually a very small amount ranging from P25,000.00 and up will entitle you to 30 days hold of your unit in your favor. Since the developer refuses to sell this to anyone interested within the period of reservation, the reservation is equitably not refundable. All reservations are deductible to the selling price.