Is the Life Span of Condominium in the Philippines 50 years only?! (with English Subtitle)

[@kebbby9]

Liked and subribed sobrang informative. Finished till the end

[@OwnPropertyPH]

Kevin Garcia Wow! Super thank you Mr. Kevin (eatsasmallworldph) 😊 Highly appreciated 💕

[@kenvillarias5649]

Ito ang pa ulit questions ng mga client. Thank you so much for the detailed video. Very informative!

[@OwnPropertyPH]

Thank you 😊

[@MoneyExperimentPH]

This was one of the most informative videos about real estate I have watched on youtube! Thank you:)

[@OwnPropertyPH]

Wow! That means a lot to me. Thank you so much 😊💕

[@jonas8827]

Very informative learned something new today, thank you!!

[@OwnPropertyPH]

You are very much welcome 😊 Thank you also for watching 😊

[@hellosunshine9924]

Very informative, every word pinapakinggan ko para wala ma miss. Thanks, keep on sharing

[@OwnPropertyPH]

Wow! Thank you so much for the encouragement 😊💕

[@josedolly9699]

*_salamat po Madam Ganda sa lahat ng Info_*

[@OwnPropertyPH]

Salamat po sa mga comments niyo po na nakaka-motivate 😊

[@danilob258]

You are always been very informative - thank you very much and you take care always

[@OwnPropertyPH]

Thank you so much, sir Danilo. Take care always too 😊

[@Rod-bp8ow]

Shelf life can always be increased, given that all respective owners are fully compliant with their requirements after they are realized, summed up as to their shelf life, maintenance, transformation and add on proof features that protects the investment. Realization of everything and no losses always as they are also protected by consumer protection, taxes that always makes the "owners" the rulers and makers. Everything are anticipated these days.

[@OwnPropertyPH]

Thank you for this, sir 😊

[@livyc.8421]

Binge watching your content. Very informative and useful. 😃

[@OwnPropertyPH]

Wow! Thank you for binge watching my content 😊

[@shaq_islandboy]

Thank you buti nalng nakita ko channel mo. A big help😊

[@BaniLogrono]

I like this channel better than the old one! hehe

[@OwnPropertyPH]

Bani Logrono Oh, wow! That means a lot coming from you 🎉 Thank you so much 😊

[@valacebedo]

This video really helped me a lot if I'm gonna get my own condo unit. Thanks.

[@OwnPropertyPH]

I'm glad this was able to help you 😊 I'll be releasing more videos about condominium ownership.

[@Peter-or7ob]

congratz on the 1k sub. great information as always.

[@OwnPropertyPH]

Thank you so much 😊 My viewers and subscribers motivate me.

[@christianvillas5406]

Very informative real estate broker i've ever seen here in youtube!!🥰 thanks!!😊😊

[@OwnPropertyPH]

Christian Villas Wow! Thank you so much for your kind words 😊

[@christianvillas5406]

@@OwnPropertyPH you're always welcome 😊😊😊

[@chollypaderanga307]

Congratulations 👏

[@OwnPropertyPH]

Thank you 😊💕

[@Rose-si3bu]

I like how clear it was presented and the vlog being so informative. Can you discuss also about the low rise, mid rise and higg rise condominiums and their advantage and disadvantages? 😄

[@OwnPropertyPH]

Yes, sure, I’ll add that po to the other topics I‘ll discuss on this channel 😊

[@reymoneytalks974]

Lets promote positivity. Siguro di lang maganda experience ko sa condo that is why

[@OwnPropertyPH]

Thank you, sir, for watching my video and for taking the time to comment 😊 "The law is there as you mentioned but you won't have any control at all." Depending on the Master Deed of Restrictions, a condominium corporation can actually be dissolved by the affirmative vote of owners in accordance with the applicable requirements of the law. I think what made you think that unit owners don't have control because of the failure of condo corps which can be attributed to having more investors than unit owners who are residing in a condominium building. Yung mga investors po na bumili ng condo unit pang flipping, pang property leasing o pang park ng cash ay hindi nakaka-attend ng meetings lalo na yung mga investors based abroad. Yung ibang owners, wala talagang paki po. Kaya hindi for the greater good yung nangyayari. May mga condo buildings naman po akong na-encounter na dahil proactive ang unit owners, okay po yung maintenance ng building nila pati mga rules. Nagkaka-isa pa sila na magdecorate ng lobby pag Christmas. Owners lose control if the real estate developer where they bought the condo unit is entrenched in the condominium corporation so scrupulous deeds can perpetuate. "Under maintenance issues ang totoong may voice is yung board of directors sa corp. and yung property manager na naka-assign. I heard that you cannot or almost impossible to be a board member if you are a unit owner. (correct me if I am wrong) " Ngayon ko lang po narinig na impossible maging board member kapag unit owner po. Kasi yung seller (may-ari) na nakilala ko director po siya nung condo nila. The Board of Directors is composed of unit owners who are in good standing in the cond corp (meaning one who complies faithfully with all the duties and obligations) and is elected. Walang election na magaganap po kung hindi nagkaka-election at botohan kasi hindi naman active mga unit owners po. "(This will be obsolete and more likely to be condemned since the building itself won't be up to date with the civil, fire and safety codes.) Ang city engineering and city hall magdedecide sa faith ng building and not 50% of the owners." Ang naalala ko pong sinabi ko ay after inspection and okay pa ang building saka lang mag-dedecide ang owners po. I certainly respect your perception that a condominium building is just a 50-year lease 😊 I just want to reiterate for everyone else who'll read this comment that with advanced construction techniques and good maintenance, a condo will last more than 50 years. Someone from abroad actually commented that he's wondering why buildings that are 100 years old and above are still standing abroad. Well, I think with the new condominium projects especially the high-end ones, it will definitely last more than 50 years since it's built to last until the next generation.

[@hargieodin6013]

so informative maam salamat

[@OwnPropertyPH]

Welcome po 😊

[@danicaroseadona890]

THANKS, GIRL! Question 'to sa assessment namin sa Elec 1! HAHAHA

[@OwnPropertyPH]

Naku! Napanuod mo yung video na ang nene ko 😆 Glad to know na nakatulong itong video 😊

[@TheKeithvernon]

I am now your subscriber, i like the way you explain everything.

[@OwnPropertyPH]

Keith Vernon Wow! Thank you so much. That means a lot to me 😊

[@OwnPropertyPH]

Keith Vernon Thank you so much 😊 A comment like this is what really motivates me to create more videos.

[@andrelim4580]

Question. Kung sa fu2r pnamana ung condo unit na PERPETUALLY OWN sa nex generation. e 50th yr na and DECIDED na idemolish ung buildng, at bnenta sa iba ung lote, PAPAANO ang magigng hatian? Total sale po ba ng lote na ONLY CONDO unit lng may buyers are alowed maghati hati OR ang maghahati ay LAHT ng unit sa buildng kaht walng may ari ng iba? Hal, 400 units ang total, e 200 lng nabenta, ung 200 lng ba maghahati hati sa bnentng lote OR hahatiin sa 400 units ung pnagbentahan ng lote??? kac baka iDAHILAN ng developer na Pag aari pa rin nla ung mga UNSOLD condo units.

[@g-madz7211]

hi..would like to know if we can have the ownership from 50 years plus 49 years instead of 50 years plus 25 years

[@andrelim4580]

If 50% AYAW na pumayag na iparepair ay ggbain na? Kaso sasagutn ng iilan ung full repairs, GGBAIN pa rin ba?

[@thefeaturedlisting]

Very informative 🙏🏾🤟🏿

[@OwnPropertyPH]

Salamat fellow millennial 😊

[@crisostomoalmeida670]

Kapag po ba napagkasunduan na wag ibenta yung lupa ng condominium, instead magbuild na lang ng panibagong building, meaning po ba nun another payment nanaman?

[@andrelim4580]

IF Majority of the unit owner decided to extend the buildng for another 25 yrs or 50 yrs, who will give the permit for extension??? government ba? If the government, dba the 50 yrs rules will still happens, kaht na pede mag xtend e AYAW bgyan ng permit, kya DEMOLISH pa rin ung buildng, because its the RULE, kac TRUE RISON ay HNDI alm ng goberno kung SAAN pa ilalagay ung pdami ng padami mga tao naninirahn sa Metro Manila, LAND AREA ng Metro Manila DOES NOT EXPAND, kung meruj ay ubod ng liit, NOT DOBLE OR TRIPLE, ONLY chans para magkasya mga tao ay condo, kya nga pataas ng ptaas gnagawng condo, old condo MUST be demolish to construct new higher condo, pero HNDI naisip ng goberno, LETS SAY wala ung 50 yrs rule, at NO MORE SPACE sa Metro Manila para sa new condo ay Dba nla naisp to FOCUS ON OTHER LOCATION? it time na ibng area namn GAWIN modernize, hal.Metro Cebu, iloilo, Pampanga, CDO,etc, kya nga nagSIKSIKAN sobra sa Metro Manila. kung 10 places ang TULAD sa Metro Manila HNDI over over populated sa Metro Manila, kKalat tao, HNDI NA sobrang trafic,

[@evangelistajohnfrancis5704]

Congratulations Po maam

[@OwnPropertyPH]

Maraming salamat 😊

[@helentiples8832]

Is the unit owner automatically a member of the condominium corporation?

[@OwnPropertyPH]

Yes 😊

[@marcelbernard158]

I recently bought a 20 year old condo in Pasay City. After the purchased, I found out that our association dues are being controlled by the developers. I have been requesting them to use the funds for maintenance and repair but I’m being ignored. I think the developers are intentionally keeping the building in poor condition and neglecting to keep the building safe so they can request the building to be demolished after 50 years and get their land back for new construction and new owners. Went to HLURB with proofs but they weren’t helpful. 😡😡

[@OwnPropertyPH]

This is saddening to hear. Supposedly, it's the condominium corporation already who sets the association dues. Perhaps, you can round up your neighbors and you can submit to DHSUD as a group so DHSUD will give more attention to it?

[@marcelbernard158]

@@OwnPropertyPH after writing numerous letters to DHSUD and waiting for a year, they finally reply saying they can’t help us.

[@OwnPropertyPH]

@@marcelbernard158 If that failed, the other option is to consult a lawyer who specializes in property laws so that you are aware of your legal options. It can be costly so it's best your neighbors cooperate as well. There is strength in numbers after all.

[@marcelbernard158]

@@OwnPropertyPH I heard judicial system can take forever. I did contact an attorney but she doesn’t practice property law and doesn’t know anybody in that field. Do you know an attorney? I’m planning to write a letter to security exchange. What do you think? Thank you.

[@OwnPropertyPH]

@@marcelbernard158 It is true that it may take forever but don’t lose hope. I heard from a fellow real estate service practitioner that a condo corporation has won against a real estate developer. They were able to lower their association dues and change rules that restrict their freedom. However, the real estate developer just settled outside of court and signed a non-disclosure agreement so we won’t be able to find published articles about it. By the way, I would like to correct myself. It’s the Securities and Exchange Commission who has jurisdiction over Condo Corp then DHSUD has jurisdiction over homeowner’s association. However, based on the experiences of those who filed a complaint with SEC, they were asked to file a complaint in court. Regarding your question, I honestly don’t know a real estate lawyer since my clients thankfully still don’t need their services yet 🥺 I will try to ask other practitioners if they know someone who has experience regarding this.

[@LifeAsWeKnowit982]

Need your advise po. My mom owns a condo unit manila, she's been very linient with the dues, pinapaupahan nya ung condo as a source of income and whenever there's a new tenant, she makes sure na bayad lahat and hindi rin pinapayagan ni Condo management na hndi clear ang balance before a new move-in. she also has a broker to look out on the unit. But then suddenly nalaman nalang nya ngayon na she has unsettled dues for 7 years and it went up to more than 100k due to penalty, and did not received any notice about it. any advise pls?

[@OwnPropertyPH]

Hi, yes, ang alam ko rin hindi pinapayagan ng condo management na hindi pwedeng mag-move-in kapag hindi nababayaran yung association dues. Minsan pa pnapaalis nila yung resident. May broker pa rin na nagoversee kaya nakakagulat na may unsettled dues siya. I suggest you go to the condo management to verify if it’s really under your account. Baka nagkamali lang yung condo admin at sa ibang unit iyon. You can also show proof of your payments. Usually may receipts naman tuwing nagbabayad or kung online ang payment, may emails 😊

[@rosemariedelda3932]

what if po, giniba talaga yung building? what will happen to the ownership?? mawawala na ba yun??

[@OwnPropertyPH]

Kapag giniba ang building dahil para sa majority, gusto ng ipagiba iyon, may makukuha kayong share sa proceeds ng sale ng lupa po as a condo corporation stockholder😊

[@edgartorace5934]

Build quality... Below 15 yrs hehehe kasi business yan... Normally... due to safety, obsolete and/or un-economical reasons... So developers will suggest and/or recommend renovations to enhance this.. this.. and that.. that.. Hahaha

[@OwnPropertyPH]

Yes, condo development is a business and since a real estate developer's reputation is on the line, they will deliver a quality development. As for the renovations to enhance the common areas, it's the prerogative of the condominium corporation if they will approve such 😊

[@andrelim4580]

kung ggbain ung condo buildng at makipagkasundo sa developer na nagtau ng condo na un ay Bakt pa nya ggbain? Dba MAJOR REPAIR nalng ang gagawin,

[@OwnPropertyPH]

Kapag gigibain na po, ibig sabihin, mas cost-effective na magpatayo kaysa ipaayos lahat ng sira lalo na kung mahina na yung foundation ng building at hindi na napanatiling sumusunod sa building code

[@hamiltonblanza]

congrata s pgvvlog collab po

[@OwnPropertyPH]

Thank you for the well wishes 😊 I wonder paano po tayo magcocollab?

[@hamiltonblanza]

saan po b kau

[@andrelim4580]

Dapt kac BAGUHN nla ung RULE cge 50 yrs rule pero kung GGBAIN ung Condo ang itatau sa SAME SPOT ay Condo dn na SAME SIZES ng mga units or larger, syempre MAS MATAAS, hal, aq LOCATION nagus2han q at SIZE ng unit, Convenient sakn, Kac kaht anong ganda ng location kung HNDI q gus2 ung unit NO WAY,

[@andrelim4580]

Kya nga MANY WALNG GANA o AYAW bumili ng condo sa Pinas dahl sa npakaMAHAL na nga SOBRA tapus 50 yrs ONLY pa, DAPT COMPLETELY ALISIN na yan, Dapt FULL DECISION ay sa unit owners, kung Aalisn yng 50 yrs LAW 100% SURE aq madamng bbli ng condo. kac alm nla na FOREVER na ung buildng PERO buildng na start lng ng yr 2000 kac Earthqyake proof na. kung UNLIVABLE na tlaga tsaka iDEMOLISH.

[@OwnPropertyPH]

Hello, it seems hindi niyo po pinanuod yung video kasi nasagot po sa video ang concern niyo po

[@cybernetrix4540]

GoodDay! Question lang po, gusto ko lang maliwanagan..halimbawa nakabili po ako ng 2ndhand Condo na Freehold/Perpetual type of ownership sya pero 2nd or 3rd Owner na ako..may makukuha or share parin po ba ako if ever ibenta yung Condo in the near future? I mean if same rights parin ang meron ako tulad ng ibang Original 1st/Pioneer Perpetual Owner? Thanks

[@OwnPropertyPH]

Hello po, kung ano ang real rights nung binili niyong property, iyon din po ang real rights niyo. So regardless kung 2nd or 3rd owner na po kayo pero perpetual ownership nung nabili niyo, perpetual ownership pa rin ang condo niyo po. Sa madaling salita po, ang nag-matter ay yung real rights nung panahon na binili niyo po yung condo 😊

[@coreyh7323]

Everyone here is speaking 1/2 english 1/2 Tagalog

[@YesUrJudgmental]

Hello po, may question po ako, i hope you'll be able to answer it please. Are condo associations allowed to charge water fees that are way beyond the average fee. Halos Php 100 per cubic meter flat rate. And is there a criteria on how associations come up with condo fee rates? What if the corporation/ unit owners are just a facade, and that there is a company like APMC that actually controls the fees and maybe even profit greatly without properly listening to unit owners during annual meetings?

[@OwnPropertyPH]

For your water rate, your location and your floor level plays a factor for the water rate. I still don't have an idea yet on how the associations come up with rates but once I know the answer, I'll get back to you 😊 What I can answer so far is that most condominium buildings hire a third-party management company. However, if the real estate developer has a management company like Ayala, they will hire their management company. And since it is a business, it is unavoidable that they will profit. But then again, even if a third-party management company is hired, they will expect to earn. So it's a matter of having a management company that doesn't charge too much. But it's difficult to tell not unless you have various condominium units from different real estate developers. In my condo now, I'm paying P 110/ sqm and then out of the blue we were required to pay an additional P18/ sqm. It is maddening since they are collecting for the whole year and they just informed us in the middle of the year. But I just paid it since I would rather pay more to a management company who does its job than continue to be charged even if the building and common areas are not properly maintained. There are condominium buildings that are worse.

[@kenohreeves5976]

Ang unit-owner and shareholder ba is magkaiba or same lang?

[@OwnPropertyPH]

If we'll be technical, it's supposedly not the same. Dahil po merong mga unit owners na hindi pa nila nababayaran ng buo yung unit, kapag ganyan hindi pa sila shareholder ng Condominium Corporation. So a unit-owner who has paid the full purchase price is the one who is recognized as a shareholder 🙂

[@kenohreeves5976]

@@OwnPropertyPH thank you

[@hongtaogeorge5650]

RA.4726 c) That project has been in existence in excess of 50 years, that it is obsolete and uneconomical, and that condominium owners holding in aggregate more than 50 percent interest in the common areas are opposed to repair or restoration or remodeling or modernizing of the project; or

[@OwnPropertyPH]

Thank you for quoting the law for easier reference of viewers 😊

[@andrelim4580]

If RULE #1 does not exist maniniwala aq na NOT 50 YRS ONLY mga condo sa Pinas, kaso merun ung RULE #1. pero SA NAKKTA q BIG POSITIVE ang 50 yrs RULE sa SIDE ng MODERNITY, kac nag CHANGE ang panahon, hal 50 yrs sa fu2re bka mga sasakyan lumilipad na, 100% digital. Smarthome,etc, DIRECT sa Condo unit ung lumilipad na sasakyan, kung Condo mo naiwan sa panahon dba npakaPANGIT na sobra WALA na sa PANAHON, kumbaga pants mo BELL BOTTOM pa rin e 2023 na, 😅😅😅😅😅.,

[@factsonly117]

Hi miss Me-An pinanood ko po yung lahat ng vid niyo po. Ang ganda niyo po talaga mag salita at ang confident niyo po. Nag hanap po ako ng vid. sayo about Paano maging vlogger or paano mag simula sa KZbin. Sana next vlog niyo na po Yun. Gustong gusto ko po talaga mag try para makatulong ako sa gastosin sa bahay sakaling lumaki po yung YT ko at magkuroon po ako nag kunting pagkakitaan para lang po sa baby ko. Sana mapag bigyan niyo po ako. Panotice na lang po. Please po. Salamat

[@OwnPropertyPH]

Wow! Ang tindi naman po nung pinanood niyo po lahat ng video ko 😅 Sige po, gagawa po ako ng paano magsimula sa KZbin kapag may kita na po ako sa KZbin. Kasi ang liit ng kita po rito compared sa profession ko po. Pero tip: mag-start ka na po i-vlog yung hilig niyo para nakaka-practice ka na po. Ako kasi ngvlog lang ako nung gusto ko po talagang topic 😊

[@factsonly117]

@@OwnPropertyPH nag tatry na po talaga ako kaso po nakakahiya talaga parang nakakailang na parang ewan po ako di ako makapag salita ng maayos nakakahiya pi talaga hehehr

[@OwnPropertyPH]

Meagan Alvar Ganyan din po ako sa simula. Yung mga unang videos ko po, marami akong mistakes like mga mannerisms tapos nahihiya pa po talaga ako. Tapos nung naka-ilang videos na po ako, na-build na yung confidence ko 😊

[@factsonly117]

@@OwnPropertyPH hehehe basta po aabangan ko po yung vlog niyo about po sa vlogging para may a idea po ako miss me-an. Dami ko pong natutunan nung una nag join lang po talaga ako sa pagiveaway pero nung tiningnan ko po yung lahat po ng vid. niyo grabe dami ko pong natutunan salamat sa pag search ko po ng giveaway at lumabas po ang name niyo hehehe❤ always supporta lang pi ako para po sayo miss me-an at journey niyo po finallow ko na din po kayo sa FB and IG para lagi po talaga akong updated salamat po. ❤ Keepsafe and takecare

[@OwnPropertyPH]

Meagan Alvar Maraming salamat po 😊💕 I pray for your success in your endeavor po. May it be vlogging or other things na magigin passionate ka po

[@andrelim4580]

IF the condo buildng is already 50 yrs, Who MAKES the decision IF the buildng is STILL HABITABLE or UNHABITABLE??? Is it the gobernment or the condo corporation? Kac kaht na LIVABLE pa ung condo after 50 yrs ay 50 yrs lng ang exitance ng buildng, because of that 50 yrs Rules, WHAT condo in The Philippines EXIST more than 50 yrs??? Name 1, base on google ang oldes condo ay Urdaneta Apartment 45 yrs na, walng bnangit na MORE than 50 yrs, so ung anader 25 yrs or 50 yrs IS NOT TRUE, kac kaht na LIVABLE pa ay OBLIGE ipaDEMOLISHED ung buildng, because sa 50 yrs only law.

[@OwnPropertyPH]

Hello, wala po akong sinabi sa video na hanggang 50 years lang life span ng condo. On the contrary, I debunked that myth

[@j.r.6517]

​@@OwnPropertyPH😂

[@marcelbernard158]

I might have missed the answer to my question but how will I know what type of condo ownership do I have? Thank you.

[@OwnPropertyPH]

Hi, if you are holding a Condominium Certificate of Title then it's a freehold or perpetual ownership 😊

[@duomaxwell6768]

Maaabot ko din 1000 opo hihihihihi

[@duomaxwell6768]

Aye sir

[@OwnPropertyPH]

duo maxwell 1000 po saan? 😊

[@mariepalon]

You have potential to be a lawyer

[@OwnPropertyPH]

oh, wow! That was actually my dream before but now, I'm happy being a real estate broker 😊

[@RC-lt3sr]

If you speak100% English, then you may get more subscribers.

[@OwnPropertyPH]

Hi, I have videos that are in 100% English on my channel and based on analytics, Filipinos need my content more 😊