A Condominium not an Apartment

A Condominium not an Apartment

Of course, there have been many discussions about Soho Central as there are of the dozens of other condominium buildings in Metro Manila.  I have tried to discuss one small but significant aspect of being an owner, the reality of being a shareholder in the condominium corporation which is the entire project as legally constituted.  Why have this discussion?  As the title explains, a condominium corporation is not an apartment building.

As a condominium corporation, Unit Owners need to be fully involved and aware since their interest, Unit Ownership, is intimately tied to the investment in the corporation.  The value of that major investment must be a long term priority for them.

This blog as well as other writings and talk address most, if not all, of the issues.  One issue that has been brought to our attention and is possibly increasing as a serious economic problem for Soho Central Condominium Corporation is the nonpayment of dues.  I assume this may also include the common property tax and possibly the property tax for the individual units.  This issue would seem to reflect and demonstrate the incorrect notion that Soho Central is an apartment building.

Soho Central Condominium Corporation needs 100% turnout by Unit Owners at the Annual Meetings and Special Meetings scheduled.  Read and learn form the Master Deed and By-Laws.  Ask questions of as many people as it takes to keep fully informed.  Teach others since the process also educates yourself.

As for the withholding of dues and common property tax, I assume there are some who simply cannot afford to pay.  I suspect that a majority are refusing for other reasons among those being protest.  While my following suggestion will not solve the building's problems or the legal situation you may place yourself in, I would strongly suggest setting up an account with money due to the corporation.  Once that is done either you or your legal representative, write a complete and full explanation as to why you have refused to pay with that account announced.  Address this letter to the condominium corporation, the SEC and the HLURB.  All correspondence must be delivered with a copy you obtain stamped received.

The above is a suggestion to show good faith and to let all parties know what is taking place as far as your nonpayment.  I would even suggest that those unable to pay come forward and explain.

I know that serious issues not only involve residential Unit Owners but the commercial areas and those involved with developing/building the project.  I know many are confused.  I know that some beliefs are not true.  Please attend all meetings and learn and fill in the gaps.

I would suggest keeping notes for yourself and writing clear comprehensive questions.