Question 1

What are condo association dues?

Accepted Answer

Association dues are monthly fees paid by condo owners to cover: building maintenance, security, common area utilities, staff salaries, reserve fund, and amenities upkeep. Rates vary from ₱50-200 per sqm/month depending on the building and amenities. Factor this into your budget.

Question 2

Can I rent out my condo unit?

Accepted Answer

Most condos allow rentals, but check your deed of restrictions and house rules. Some buildings restrict short-term rentals (Airbnb), require tenant registration, or have minimum lease periods. Inform the property management and comply with any rental policies.

Question 3

What is ROPA (Right of First Refusal)?

Accepted Answer

Some condo corporations have ROPA clauses requiring unit owners to offer their unit to the corporation or other owners first before selling to outsiders. Check your deed of restrictions. The corporation usually has 30 days to exercise this right.

Question 4

What happens if I don't pay association dues?

Accepted Answer

Consequences include: Interest/penalties on unpaid dues, suspension of amenity access, water/electricity cutoff in some buildings, and legal action. Accumulated unpaid dues can become a lien on your unit, affecting your ability to sell. Always prioritize dues payment.

Question 5

What is the 40% foreign ownership rule?

Accepted Answer

Philippine law limits foreign ownership in condominiums to 40% of total floor area or total units per building. If this threshold is reached, foreigners cannot buy in that building. Check with the developer or property management before purchasing.

Condominiums FAQ

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Condominiums FAQ

1What are condo association dues?

2Can I rent out my condo unit?

3What is ROPA (Right of First Refusal)?

4What happens if I don't pay association dues?

5What is the 40% foreign ownership rule?

Quick Links

Other Categories

Still have questions?