REPUBLIC ACT NO. 4726 AN ACT TO DEFINE CONDOMINIUM, ESTABLISH REQUIREMENTS FOR ITS CREATION, AND GOVERN ITS INCIDENTS. Sec. 1. The short title of this Act shall be "The Condominium Act". Sec. 2. A condominium is an interest in real property consisting of separate interest in a unit in a residential, industrial or commercial building and an undivided interest in common, directly or indirectly, in the...
PRESIDENTIAL DECREE No. 1529 AMENDING AND CODIFYING THE LAWS RELATIVE TO REGISTRATION OF PROPERTY AND FOR OTHER PURPOSES WHEREAS, there is a need to update the Land Registration Act and to codify the various laws relative to registration of property, in order to facilitate effective implementation of said laws; WHEREAS, to strengthen the Torrens system, it is deemed necessary to adopt safeguards to...
Commentary: This is the law that covers rentals or leases above ₱10,000 or those that are not covered by the Philippine Rent Law For Residential Units | Rent Control Act of 2009. If you're a would-be landlord, tenant or leasing manager, this is best resource to get up-to-speed with all the necessary knowledge on how to properly manage the rental/leasing venture. Remember, ignorantia legis neminem...
Commentary: I'm late to the party on this topic, but none the less, I'd like to contribute to the discussion. R.A. No. 9653 or Rent Control Act of 2009 is the law protecting residential tenants from unscrupulous landlords that raise rental fees to exorbitant amounts. One issue that I have regarding this law is the definition involving "Residential unit". According to this law, a residential unit is...
Commentary: I received a distress call yesterday evening, 26 April 2018. A client of mine had a friend who could not anymore continue his monthly payment to the developer of a house that he purchased. He has already paid ₱500,000, but now he can't continue because of an unexpected situation. This client was asking for advice on what his friend should do and where his friend should go. I wasn't always...
Yesterday, 15th of July 2017, I was given the opportunity to speak in Lamudi’s Housing Fair conducted at the Glorrieta Activity Center. I shared my thoughts and knowledge about the pre-selling market and how potential investors can take advantage of condo developments at this particular phase. It was fun discussing how and why a pre-selling condo is considered as “concrete gold” and how it...
PRESIDENTIAL DECREE NO. 957 Subdivision and Condominium buyer's Protective Decree (as amended by P.D. 1216) REGULATING THE SALE OF SUBDIVISION LOTS AND CONDOMINIUMS, PROVIDING PENALTIES FOR VIOLATIONS THEREOF WHEREAS, it is the policy of the State to afford its inhabitants the requirements of decent human settlement and to provide them with ample opportunities for improving their quality of...
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