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What is a finiquito?

This is a severance pay. When you sell your house, you need to sever any staff you may have hired – maid, gardener and such – and calculate their severance pay based on hourly wage and the years they have worked for you. They are required to sign a letter stating that they have no claims against the seller. This is one of the many services we provide as part of the closing process. We just need the employee’s name, start date and the total pesos you pay them per week. We’ll take care of the rest.