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SEC DEP FORFEITURE
A client asked me if it's acceptable to forfeit the full amount of Security Deposit of a condo rental in case of pre-termination...
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ALL BLOG POSTS
Jan 232 min read
Valid Reason?
Once upon a time, an expat and his wife rented a house in a prime village in Makati. They had a newborn infant live with them.
Aug 23, 20233 min read
Unjust Vexation
Can a lessor padlock leased premises, cut utilities, or sell lessees' belongings in cases of non-payment of rent?
May 30, 20232 min read
A Scam or Not?
Four years later, they received an email from a collection agency saying they had unpaid bills with an internet service provider.
May 17, 20231 min read
Foreign Tenants: No Papers, No Lease
We've received word that certain building admins are now reviewing foreign tenants' legality for being in the country.
Apr 3, 20231 min read
Inverter ACs
How much savings can an inverter AC provide? Is it advisable to upgrade to an inverter AC for rental properties? Here's an case study.
Mar 28, 20232 min read
Unfunded Checks
Once upon a time, a Filipino couple rented a house. They issued PDCs for the rent. Everything went smoothly until...
Mar 22, 20231 min read
84 Guns Found in Raid
PhilStar: High-powered firearms and ammunition allegedly owned by members of a Taiwanese crime syndicate were seized by police in Makati.
Feb 28, 20231 min read
Criminal Tenant
Once upon a time, a broker leased a condo unit. Everything moved smoothly until the broker got a call from the building admin.
Feb 14, 20231 min read
"Vacant" Unit
Once upon a time, a broker was showing a condo unit to a client.
Feb 8, 20231 min read
Advanced Rental
Lessors demand tenants pay “advanced rental” in lease contracts. This amount is measured by the number of months of rental.
Jan 24, 20231 min read
Caught in the Middle
Once upon a time, a tenant leased a house in Tagaytay from a friend. Since they knew him, they didn't bother to ask for ownership documents.
Jan 17, 20232 min read
You're the bad person
When the pandemic hit, the lessee couldn't sub-lease the unit. From thereon, the lessor had a difficult time contacting the lessee.
Jan 3, 20232 min read
Ingenious Pull-Out
Out of nowhere, the company's officials mandated the condo admin to prohibit the ex-pat from leaving.
Dec 9, 20222 min read
To furnish or not?
Do prospective tenants appreciate a plug-and-play setup? Or do they want to bring in their furniture?
Nov 29, 20221 min read
Leaking Cupboard
Once upon a time, a tenant of a condo unit complained about a leak from the kitchen cupboard. The tenant called the engineering...
Nov 23, 20221 min read
Best Practices
On my last trip abroad, I picked up the following practices that we RE Brokers could apply here...
Nov 22, 20222 min read
Lessons: Shabu Lab in AAV
The shabu lab story from last week is still unfolding. Here are some of the problems stakeholders are facing...
Nov 18, 20221 min read
Breaking: Shabu Lab in AAV
Police raided a rental property in Ayala Alabang Village and found Php136 Mn worth of cooked shabu.
Nov 8, 20221 min read
Locked-up
I've seen contracts that state the landlord may lock up a rental property if the tenant fails to pay rent. What can go wrong, right? Once...
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