OUR VAULTS

  • I. The Perpetual Right of Use (PRU) to a vault is an indefeasible right granted to the holder or grantee, meaning it cannot be annulled, voided or undone.
  • II. Unique Features of a Vault
  • Made of tempered steel, earthquake and fire-rated
  • Incorporates a dual lock system, one key held by the PRU holder, the other by the authorized columbary personnel
  • Has a second glass cover which allows prompt viewing of the urn/s
  • With stays to keep the urns stable at all times
  • Vault floors may offer Duplex, Quads and Family Vaults
  • III. World Class Creation
  • Vault cover designs are original creations of the world renowned Taiwanese national artist, Mr. Lu Tung Hsing
  • Each design is inspired by a verse from a song for the dearly departed
  • Each comes with a Certificate of Authenticity, signed by the artist, given upon payment completion of the Total Contract Price (TCP)
  • I. What are you acquiring?
    The Perpetual Right of Use (PRU) to a vault. Its Total Contract Price (TCP) is broken down as follows:
    • a. The PRU Acquisition Price (PAP)
    • b. Value Added Tax (VAT) on the PAP
    • c. Contribution to the Reserve Funds which only becomes due and demandable upon commissioning and turnover of the vault as ready for use. These are:
      • 1. Maintenance Reserve Fund (MRF) contribution - a one-time fixed amount per vault for the 'perpetual' upkeep of and insurance on the columbarium structure, facilities, systems and vaults, and other capital expenditures such as but not limited to renovations, restorations, mechanical and electrical systems upgrades and insurance premiums.
      • 2. Custodial Reserve Fund (CRF) contribution - a one-time fixed amount per vault for the 'perpetual care' operational expenditures of the columbarium such as, but not limited to, staff and employees, service systems, and service personnel
  • II. How is it settled?
    • a. The PAP plus the VAT
      May be settled with an outright CASH payment, or thru INSTALLMENTS covering the items as listed:
      • 1. Reservation Fee – Due upon reservation of a PRU to a vault
      • 2. Down Payment – Must be settled within 30 days from payment of the reservation fee. The percentage of the minimum down payment and the corresponding monthly installment are specified in the table below:
        Type of Vault Minimum Down Payment Monthly Installment
        2-Urn (DUPLEX) 12% (PAP plus VAT) PhP 6,000.00
        4-Urn (QUAD) 12% (PAP plus VAT) PhP 12,000.00
        6-Urn (FAMILY) 12% (PAP plus VAT) PhP 18,000.00
      • 3. All monthly installments BEFORE the date of commissioning and turnover of the vault carry a zero percent (0%) interest.
      • 4. AFTER the date of commissioning and turnover of the vault, the fixed monthly installments on the remaining unpaid balance of the PAP plus the VAT, shall be levied a minimal interest per annum.
      • 5. The actual manner of payment for the remaining unpaid PAP plus the VAT, will be finalized with the client within the 3-month period before the commissioning and turnover of the vault.
      • 6. A Schedule of Payment (SOP) with the fixed monthly amortization table is provided to the client. The table likewise details how installment payments are divided and applied accordingly.
    • b. Reserve Fund Contribution
      The MRF and CRF only become due and demandable upon commissioning and turnover of the vault as ready for use.
      • 1. May be settled in CASH upon commissioning and turnover of the vault.
      • 2. Or thru installment, levied with a minimal interest per annum, and the payment due is incorporated into the client’s fixed monthly installment as detailed in the SOP and applied accordingly.
      • 3. The actual manner of payment for the MRF and CRF will be finalized with the client within the 3-month period before the commissioning and turnover of the vault.


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