Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password

You are not connected. Please login or register

The Condominimum Act

Go down  Message [Page 1 of 1]

1 The Condominimum Act on Tue Aug 12, 2014 2:50 pm

Ashley Carroll

Arresto Menor
As a foreigner acquiring property in the Philippines, am I covered under the Condominium Act of the Philippines?

View user profile

2 Re: The Condominimum Act on Fri Aug 15, 2014 4:57 pm


Prision Correccional
Under Sec.5 of Condominium Act: "no condominium unit therein shall be conveyed or transferred to persons other than Filipino citizens, or corporations at least sixty percent of the capital stock of which belong to Filipino citizens, except in cases of hereditary succession."

View user profile

3 Re: The Condominimum Act on Fri Aug 22, 2014 7:32 pm


Reclusion Perpetua

you can buy a condominium unit under your name, even if you are not a Filipino, as long as the condominium corporation (the corporation that was constituted for the condominium building) has Filipino customers that comprises 60% out of the total unit owners. the remaining 40% of the total units may be owned by the foreigners in their own right. you have to check if the foreigners owning a unit in the said building has not exceeded the 40% maximum limit.

View user profile

Sponsored content

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum