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
Rent Regulations An exclusive village in Metro Manila recently issued its guidelines regulating the renting out of houses to tenants, obviously targeting a single group of foreign individuals who are here to find housing and work. It has been discussed in a recent blog before that Homeowners Associations (HOA) may issue rules and regulations that … Continue reading Does your Homeowners Association Prohibit you from Leasing your House to a Certain Group of Foreigners? Here are your Rights.
Bits and pieces of information have been circulating thru SMS messages and social media about the Land Registration Authority's (LRA) title standardization program. What is this about and how does this concern property owners? Land Titles: Manually-issued Certificate of Title The classic version of the Certificate of Title looks like an ancient Egyptian manuscript … Continue reading Title to your land: What is the LRA’s Voluntary Title Standardization Program?
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 Workers 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.