The Philippine property market has been enjoying a meteoric rise these past ten years, concentrated mainly in the highly urbanized areas of the National Capital Region, Provinces of Batangas, Cavite, Laguna, Cebu and Davao. With this boom in the inventory of housing units, buyers should be aware of their rights and exercise diligence before parting … Continue reading 5 Things to Look Out for When Buying a House or Condominium Unit
UNFAMILIAR FACES An exclusive and gated village circulated a memorandum that reads: "All lot owners/lessors shall first register their Chinese lessees with the Homeowners Association office before moving in." Upon further inquiry behind the memo, it revealed that numerous houses have been leased out, sometimes with a 1 or 2 year deposit, to mainland Chinese … Continue reading What you should do to prevent your Property from Being Converted into a Dormitory.
Purchasing your dream home can become a nightmare when you start paying the monthly equity but cannot secure a loan to cover the balance. Things get a little tricky when buyers are caught in the developer's hook, and dragged to a point of no return. No Title, No Problem? Once you've made all the necessary … Continue reading No Title, No Loan: It’s Difficult to Get a Bank Loan Without a Land Title
AirBnb and Other Online Property Marketing One popular way to make your property earn like a real investment is to put it out on online property rental platforms such as Airbnb. In a very simple way of explaining the concept, property owners offer their condominium units or houses to the public and these platforms serve … Continue reading To AirBnb or Not to AirBnb: Can My Condominium Management or Homeowners Association Tell Me Otherwise?
Condominium dwellings make up a substantial percentage of households in highly urbanized cities like Metro Manila. Students, young professionals and a lot of modern families have opted to stay in condominium units because of its prime location and the rising prices of residential lots adjacent to the cities. With this option to live in a … Continue reading Read This if Your Newly Bought Condominium Unit Has Cracks on the Walls, Unfinished Paint, or Broken Fixtures.
Using a Village Shortcut to Outsmart Traffic Rush hour traffic gets worse as you get closer to the central business districts. Some fortunate motorists who have access to residential enclaves near or within central business districts conveniently go through these villages to cut travel time and avoid gridlock. May a Subdivision Open its Gates to … Continue reading Village Shortcuts: Can Your Streets Be Used by the General Public?
What is a Special Power of Attorney? A Special Power of Attorney or more popularly known as an SPA for the sale of property for example, is loosely defined as a document prepared by the registered owner of the property authorizing another person to advertise, sell, negotiate and dispose of it in the former's behalf. … Continue reading Special Power of Attorney: How Special is your SPA?