BC & AC: BEFORE COVID19 & AFTER COVID19 Buyers who purchased residential property on installment during BC may have a harder time keeping up with the amortization payments during AC. Business losses and/or unemployment in AC will make it almost impossible to fulfill a lot of financial obligations. BUYER AND DEVELOPER: DAVID VS. GOLIATH Developers … Continue reading COVID19 to the Rescue: I am Unable to Pay my Monthly Amortizations. Can I Still Refund My Payments?
What is Enhanced Community Quarantine? Effective March 17, 2020, the entire island of Luzon was placed under Enhanced Community Quarantine (ECQ). This Executive Issuance was a sequel to a previous Memorandum dated March 14, 2020, directing government agencies to implement strict social distancing measures as part of a General Community Quarantine to arrest the … Continue reading Enhanced Community Quarantine: What it Spells Out for Lessees and Property Owners.
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.
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.