www.epropertyph.com  This site is maintained by Raymund R. Jazmines, a licensed Real Estate Broker PRC# 4817 and HLURB# 16782.
 

 

 

 

Services: For Sale / Lease of Office space Warehouse Residential Condominium Building Houses Lot Vacant Commercial Industrial Joint Venture Call Center Peza Bpo Rent Condo Bldg vfr 100%backup, real estate rebate as  Home buyer rebate, buyer rebate, home buyers rebate, and commission rebate, Commission Refund, Discount Broker 
Areas: Makati Ortigas Pasig Taguig Paranaque Greenhills San Juan Mandaluyong Quezon City Fort Bonifacio Eastwood Rockwell Pasay Binondo New Manila Fil-invest Ayala Alabang Pasong Tamo C5 Pioneer Ed
Please register or log in.
Item details
Category OWNERSHIP
What are my obligations as owner of real property in the Philippines?
Created Jun-4-2015
Owner admin
QUESTION What are my obligations as owner of real property in the Philippines?
ANSWER

The following are your obligations as owner of real property in the Philippines:

Pay the annual Real Property Tax (RPT) and Special Education Fund Tax (SEFT) on the property;
Comply with the Building Code on its requirements of height, setback, materials specifications etc;
Observe the Subdivision Regulations in case of subdivision projects such as requirements of open space, development specifications and completion;
Comply with the Zoning regulations of a particular area such as restricting the use of a particular area for residential purpose and prohibiting its use for commercial or industrial use;
Comply with the requirements of the Philippine laws on Eminent Domain, Escheat, Easement of Right of Way, taxation and other applicable laws on real estate;
In case of condominium, unit owners are obliged to:
Pay RPT and SEFT on his unit
Share in RPT and SEFT on common area and land
Get insurance on the unit
Share in the payment of insurance premiun on the common areas
Comply with use restriction
Pay condominium and association dues and assessments.