RESPONSE TO Condominium Certificate of Titles (CCT) demand request
There are now over 500 unit numbers placed on the bulletin board in the lobby targeting those Unit Owners ("Members") who have not submitted their CCTs as if they have done something wrong by not giving them.
The following was a reply from a Unit Owner ("member") of Soho Central Condominium Corporation as to the demand request for copies of the Condominium Certificate of Titles (CCT). I find it to be spot on to the critical points of such a request.
"To: Administration Office; Soho Central,
You do not have to worry about us losing our CCT. We have it in a Safety Deposit Box in our bank. Besides, I do not believe that the Soho Central Admin Office has the right to get a copy of the CCT of the Unit Owners. If your intention is just to provide a replacement in case of loss , we do not need it. You are the first Condo Admin. that is requiring Condo owners to provide you with a CCT. You need a court order to enforce this request. If you still insist in getting a copy of our CCT, I will gladly sell you back the Unit at a reasonable price."
There is also a notice posted threatening Unit Owners with a possible 400 peso fee if copies of the CCTs are not given to Soho Central. FIRST, no where in the Master Deed and By-Laws of Soho Central Condominium Corporation nor in the papers for purchasing is such a demand made or required. SECOND, it is stated that if they(?) get a copy from the Registry of Deeds, 400 pesos will be charged. We do not know if this is permitted by the Registry of Deeds given the reasons on the order form to be checked. If this is not permitted by the Registry of Deeds but is given to anyone but the Unit Owner, questions need to be asked.
Someone had asked a lawyer who practices corporate law and was told there is no requirement to give a CCT.
Someone had asked a lawyer who practices corporate law and was told there is no requirement to give a CCT.
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