Property House Rules, Assessments and Other Important Reminders

MONTHLY BILLING

ASSOCIATION DUES

Association Dues are the assessment of the community's regular operational expenses based on the operating budget and projected expenditures for the year. This is collected monthly and comprises the unit owner's share of condominium expenses including, but not limited to, the following:

Operational expenses of the Condominium Corporation

1. Garbage collection fees
2. Minor repair and maintenance of common area facilities, amenities, and machineries
3. Office expenses of the Property Management Office
4. Permits and license fees paid to the government such as sanitary permits, fire safety inspection certificate, Real Property Tax for common areas, among others
5. Salaries and professional fees of employees of the Condominium Corporation and Service Providers (Property Manager, Property Management Staff, Security Personnel, housekeeping, etc.)
6. Pest control services in common areas

Also part of the Association Dues but billed separately are utility expenses for the common areas such as water and electricity.

The Property Management Office (PMO) is largely funded by the Association Dues paid by the condominium residents.

Computation of the Association Dues are as follows:

A. UNIT Dues

Unit Area (in sqm) x Rate (in PhP)

B. SERVICE AREA Dues

Service Area (in sqm) x Rate (in PhP)

C. PARKING Dues

Parking Area (in sqm) x Rate (in PhP)

NOTE:

1. Regular assessment shall commence on the first day of the month following the delivery of the unit.

2. Billing Statement is released every 5th of the month.

3. Due date is every 15th of the month. Disconnection Notice will be released every 25th of the month.

4. A Penalty of 4% and interest per month is imposed on unpaid association and other assessments, compounded every month and will apply every month.

5. Cutting-Off of utilities of any unit owner for non-payment of monthly association dues, utilities, and share in the common area is every 30th of the same month. Disconnection Notice will be released every 25th of the month. If disconnected, the unit owner is to settle the Five Hundred Pesos (P500.00) reconnection fee.

D. UTILITY EXPENSES Share in the Common Area (if applicable)

[Total utility Expenses (in Php) / Total Property Salesable Area (in sqm)] x Unit and Parking area (in sqm)

E. UTILITY EXPENSES on Individual Unit Consumption

NOTE:

1. Water Reading is done every 5th Day of the Month

2. Electricity Reading is done every 15th Day of the Month

3. Utilities Rate Charge Computation

Personal Consumption = Current Reading - Previous Reading 

Monthly Water Bill = Personal Consumption x Rate