How do I go about assigning my share to someone?
- The prospective assignee is also subject to Board approval and will then have to be interviewed by the Membership Committee.
- There is a Php 30,000 assignment fee, 15,000 refundable deposit and 1,500 advanced monthly fee due to the Club. The Php 15,000 will be refunded once the agreement is terminated as advised by the assignor and the assignee has been cleared of all liabilities.
- Payment due the assignor is solely between the shareholder and the assignee. The Club does not get involved in this transaction.