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This means that if majority of the unit owners of the condominium building decide to sell the property, you will get the appropriate share of the proceeds.You can also pass your right as a unit owner to your heirs.Another way to own property is if the foreigner first owns a corporation or a partnership that is at least 60% Filipino-owned.Otherwise, the homebuyer may be disqualified from the legal privilege of owning real estate.On the buyer’s side, there are instances wherein he can obtain the physical possession of the property from the seller and will gain full ownership and title upon completion of payment.The Real Estate Service Act requires homebuyers to buy properties from licensed real estate brokers only.Should Senator Sonny Angara’s pet law be passed into law, first-time homebuyers would only need to know three words to fully appreciate the legislation: interest-free loan.
If the buyer has an existing life insurance, the financing provider could opt to assign that insurance as the MRI.
No, but the law states that the benefits and entitlement only accorded to members of the homeowners’ association is not awarded with prejudice.
Homeowners’ association fees cover security and maintenance of common facilities like pool, reception area, function rooms and more.
LBC Philippines company website is serving money remittance, money transfer, send pera, balikbayan box delivery, courier services and cargo delivery service all over the country.
This is a to and from any part of the world as well as domestic and international service.