10/10/2025
Facts in Owning a Condominium 👇
🤷♀️𝐖𝐡𝐚𝐭 𝐡𝐚𝐩𝐩𝐞𝐧𝐬 𝐭𝐨 𝐚 𝐂𝐨𝐧𝐝𝐨 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝟓𝟎 𝐲𝐞𝐚𝐫𝐬?
This is a very relevant question to ask especially since we are talking about big money ,but worry not, because there's a law in the Philippines that protects the interest of the unit owners in a condominium project.
Here are some facts about the Republic Act 4726 or Condominium Act of the Philippines to tackle the common myths with condo ownership and help reassure you with your investment
💁♀️𝐖𝐡𝐞𝐧 𝐲𝐨𝐮 𝐛𝐮𝐲 𝐚 𝐜𝐨𝐧𝐝𝐨𝐦𝐢𝐧𝐢𝐮𝐦 𝐮𝐧𝐢𝐭, 𝐲𝐨𝐮 𝐛𝐞𝐜𝐨𝐦𝐞 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐚 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧.
As a unit homeowner, you can think of yourself as a shareholder of that corporation. Shareholders possess the same right and voting power as other unit owners or shareholders. You can also vote on issues surrounding the fate of your condominium after 50 years. Remember that it’s a collective decision of more than 50% of homeowners at the very least, not just one individual deciding on everything.
💁♀️ 𝐀 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧’𝐬 𝐥𝐢𝐟𝐞𝐬𝐩𝐚𝐧 𝐢𝐬 𝟓𝟎 𝐲𝐞𝐚𝐫𝐬, 𝐛𝐮𝐭 𝐢𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐫𝐞𝐧𝐞𝐰𝐞𝐝.
Your condominium doesn’t have a lifespan, but the corporation managing it has one. In the Philippines, 50 years is the lifespan of all companies and corporations, big or small.
However, the corporation can still be renewed for another 50 years, so your condominium ownership does not necessarily end at that point.
💁♀️ 𝐘𝐨𝐮 𝐠𝐞𝐭 𝐲𝐨𝐮𝐫 𝐚𝐩𝐩𝐫𝐨𝐩𝐫𝐢𝐚𝐭𝐞 𝐬𝐡𝐚𝐫𝐞 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩𝐞𝐧𝐬𝐚𝐭𝐢𝐨𝐧
What happens if the corporation does not renew or plans to demolish the building when it becomes uninhabitable and sell the land ?
As previously mentioned, you’re a shareholder of your condominium corporation. Your vote and other shareholders’ votes matter.
If only less than 50% of homeowners vote to demolish the building, then demolition won’t push through.
And even if your condo corporation decides to push through with the demolition, this usually means that the property will be sold first to another land developer. As a condo owner, you’re entitled to get a share of the sale.
So if the only thing holding you back from investing is this 50-year fallacy you can ease your fears and doubts.
🙆♀️Invest in your dream condo today and take advantage of the potential returns coming your way.