the Answers to your Frequently Asked Questions

KNOW
Feels real good to
What is a Condominium Corporation?
It is a non-stock, non-proft corporation registered with the Securities and
Exchange Commission (SEC) and Housing and Land Use Regulatory Board (HLURB)
and it is managed by a Board of Directors through the Property Management Offce
(PMO). Its purpose is to maintain all common areas and govern the entire estate/
project in accordance with the Master Deed with Declaration of Restrictions, Articles
of Incorporations and By-Laws. The individual owners of the condominium units are
the stockholders of this corporation.
What is DPMC?
DMCI Homes Property Management Corporation or DPMC is a subsidiary of DMCI
Homes. It is mandated to manage and operate the projects of DMCI Homes as well as
provide professional services and support to its clients. DPMC shall be responsible for
the general management and upkeep of these projects.
What is PMO?
Property Management Offce or PMO is the entity through which the Condominium
Corporation exercises its prerogatives. The Property Management Offce provides
services to the residents such as:
Security
Building & Landscape maintenance
Coordination with Utility service
providers for the residents (water,
telephone, electricity, cable TV, etc.)
Janitorial services for the cleanliness
of the common areas.
Assistance with regard to minor
repairs & maintenance.
Why do I have to pay for Association Dues?
The Association Dues are an assessment of the communitys regular operational expenses
based on the operating budget and projected expenditures for the year. It is collected
monthly and comprises your share of condominium expenses including but not limited to
my Share to the
v
COMMUNITY
Payment of association dues automatically starts from the day your unit has been
accepted or deemed accepted.
If you fail to inspect and accept the unit within thirty (30) days fom the date of notice that the
unit is ready for turnover, it shall be deemed that you have automatically accepted the unit.
the following:
Operational expenses of the Condominium Corporation
Utility expenses for the common areas such as water and electricity
Garbage collection fees
Minor repair and maintenance of common areas, facilities, amenities and
machineries
Offce expenses of the Property Management Offce
Permits and license fees paid to the government such as sanitary permits and fre
safety inspection certifcate, among others.
Salaries and wages of employees of the Condominium Corporation (Property
Manager, Property Management Staff, Security Personnel, Maintenance Staff, etc.)
Pest control services in common areas
Non-payment of association dues may result to account delinquency. Once this happens,
the Condominium Corporation shall have the right to cut-off or deny basic utilities as well as
use of amenities and common areas for the defaulting unit and/or homeowner.
DID YOU KNOW?
How to compute for my RPT on unit?
On the other hand, Real Estate Property Tax (RPT) on common areas is an RPT
applied to common areas and being shared by all unit owners in the condominium. The
Condominium Corporation through PMO advances its payment to the local government and
bills the residents quarterly as special assessment based on this computation:
Assessed Value X Municipal rate on RPT = Basic Tax
Amount of Taxes due on the Property
Cost per sqm = Amount of Taxes due on the Property
Total Saleable Area of the Project
Amount due per Unit = Cost per sqm X Total Area of the Unit*
What is Real Estate
Property Tax (RPT)?
Real Estate Property Tax is a tax
applied to local real estate based on
the fair market value of the property.
It is paid to the local government
where the property is situated.
What is the difference
of RPT on Unit and RPT
on Common Areas?
Real Estate Property Tax (RPT) on
unit is paid by the unit owner based
on its foor area and the developer
advances payment of RPT in behalf of
its clients and buyers. DMCI Homes
shall release the title to the buyer
once the RPT along with the other
requirements are settled. From then
on, the buyer shall pay the RPT on
unit directly to the land tax division of
the local government.
Payment of RPT on your unit starts from the day your unit has been accepted or deemed
accepted.
DMCI Homes Credit and Collection Department sends a statement of account on your units
RPT, ffteen (15) days after payment was made by DMCI Homes to the local government.
*Unit, Balcony, Drying Cages, Parking Slot
Are there any other fees that I have to pay?
Yes. In case there are expenses that association dues could not fund, Condominium
Corporation can collect additional fees in the form of Special Assessments.
Does DMCI Homes provide warranty to my unit?
Yes. Your unit is backed by two (2) years warranty on workmanship from the day your
unit has been accepted or deemed accepted. This covers minor repairs like wall and foor
cracks. However, repair of items (lockset, faucet, etc.) affected by normal wear and tear,
misuse or termite infestation are excluded in the warranty. Upgrades, improvements and
other personal modifcations to your unit may only be allowed after the offcial acceptance,
approval of design/drawing and payment of construction bond. Please take note that certain
warranties may be voided by alterations.
To whom shall I report if my unit needs repair?
If the unit has already been turned over, requests for repairs must be coursed through the
PMO. If the concern is minor, this can be fxed by the PMO. In case it was assessed to be a
major concern, the PMO shall escalate the report to Head Offces Design and Construction
group. Duration of repairs depend on the kind of damage of the unit.
my Units
WARRANTY
Since I have already bought my unit, can I add
improvements to it?
You may design your unit based on your preference and style. However, since your unit is
connected with other units, major alterations must be approved by DMCI Homes (e.g. walls,
ceilings, toilet and bath) as these may affect other units.
Moreover, conduct inside your unit and the community is bounded by House Rules set by
DMCI Homes through PMO, to protect the lives and properties of the entire community.
Where can I fnd these house rules?
During turnover, a turnover kit is given to unit owners and this includes a Residents
Manual. This manual contains the basic house rules in your community. However, these
rules may be amended by the PMO and/or Board of Directors of the project when deemed
necessary, and shall be conveyed to all residents through a memorandum.
Can we organize our own community events?
Yes. Residents are encouraged to conduct their own events such as Christmas and
Halloween Parties in coordination with the PMO.
Some community events are also initiated by DMCI Homes.
Can we form our own Homeowners Organization?
All community organizations must be accredited by the Condominium Corporation
through the PMO. DMCI Homes encourages its residents to form its own Community
Council with the PMO, to serve as a recommending body to Condominium Corporations
Board of Directors.
in my
community LIVING
What are Special Assessments
and their coverage?
Special assessment fees are collected to
cover additional expenses that Condominium
Corporation deems important for the improvement
and protection of the community. These include
but are not limited to:
Insurance Expenses: 1. Expenses covering the
insurance of the buildings, amenities and common
areas of the project in case of risks and natural
calamities such as fre, food and earthquake.
The insurance coverage initiated by the
Condominium Corporation through the Property
Management Offce (PMO) covers the structure
(building) and the facilities and equipment included
therein.
For buyers who have their units fnanced via bank
loan, or owners who use their units as collateral
for credit, fnancing or mortgage purposes, an
endorsement letter or certifcation from the insurer
of the property may be requested through the
PMO.
Unit owners/residents are responsible for insuring
their personal belongingsthat is, furniture,
fxtures, equipment appliances, personal effects and
everything inside the unit.
Major repair and Maintenance: 2. Major repair and maintenance covering the buildings,
amenities and common areas of the project such as repainting of buildings, major
repairs on structures and projects equipment like elevators and others.
Purchasing of new equipment: 3. If the Condominium Corporation deems it is necessary
to purchase new equipment for the community like additional CCTVs etc., this will be
treated as a special assessment.
Special Services: 4. Special services like termite treatment and the like may also be
billed as a special assessment.
Note that these special services are not
part of the association dues as these services
depend on necessity. E.g. termite treatment for
the entire property, which may be done every 2
years, is a special service. On the other hand,
pest control on all common areas conducted
monthly by your PMO is a regular service and
is therefore included in your association dues.
Special assessments may be collected
monthly, quarterly, or annually
depending on the project and the nature
of expenses. RPT and property insurance
is being paid yearly, but could be billed to
unit owners on different payment terms
to provide fexibility to unit owners.
Cost per sqm =
Amount of Total Insurance Expense of the Property
Total Saleable Area of the Building
Amount due per Unit = Cost per sqm X Total Area of the Unit *
Computation of insurance cost per household:
*Unit, Balcony, Drying Cages, Parking Slot
DID YOU KNOW?
For questions and concerns regarding your community,
you may visit your Property Management Offce or contact
For other concerns, you may contact
DMCI Homes Customer Care
555.7700
customercare@dmcihomes.com