Congratulations! Your clearance to move-in is approved. You settled all the move-in charges and you will now be invited in our Head Office for project occupancy briefing and releasing of keys. Don’t forget to bring your valid IDs for identity confirmation.
Once you have your keys, you may proceed to the Building Administration Office of your new home for instructions and guidance on living your best life.
Please remember to follow the rules and regulations to maintain the value of your home and investment.
Note: The Management has the right to disapprove move-in for clients with unsettled move-in charges or any outstanding balance upon our Accounting Unit’s internal audit.
Frequently Asked Questions
What are the common Condominium Fees that I need to settle for my property?
Are association dues mandatory or voluntary?
This is mandatory and all clients must pay for it monthly irrespective if the unit is being used or not. This is covered by the Philippine Law and the Master Deed annotated in each property.
What do association dues cover?
Under Republic Act No. 4726 or the Condominium Act, a condominium corporation can collect association dues, membership fees, and other assessment charges to effectively perform its function of maintaining or improving the common areas of the condominium, as well as its governance.
Common areas are shared common amenities such as swimming pools, function rooms, and playgrounds. There is also the regular maintenance for the common equipment such as the elevators, water pumps, and lobby and hallways.
The monthly association dues are used for building maintenance and repairs, taxes and licenses, wages of condominium employees (property management staff, maintenance staff, security personnel, etc.), utility expenses for common areas, and other miscellaneous fees needed to keep the building and all shared spaces well-maintained and working properly.
Are association dues subject to tax?
Association Dues are not subject 12% VAT as per last BIR Ruling. The recent Tax Reform for Acceleration and Inclusion (TRAIN) Law specifically identified association dues, membership fees, and other assessments/charges collected by homeowners’ associations and condominium corporations as exempt transactions.
What are the benefits if I pay my association dues annually instead of monthly?
There is a special discounted payment of association dues if paid before _____ or in the issuance of complete post-dated checks before the cut-off per year.
What will happen if I forgot to pay my Association Dues?
As per Master Deed and House Rules approved by the board of trustees per property, late payment will be charged by penalty and will be subject to cut-off utilities and legal action if nonpayment and delinquency continued for more than 60 days and above.
