Real Estate Regulations in the Philippines

Front

What government agency regulates real estate service practitioners in the Philippines?

Back

Professional Regulation Commission (PRC)

Front

What is the standard lease term for residential condominiums in the Philippines?

Back

1 year

Front

Under the Rent Control Act of 2009 (RA 9653), what is the maximum allowable rent increase per year for residential units with monthly rent below ₱10,000 in Metro Manila?

Back

10%

Front

What is the maximum advance rent and security deposit that a landlord can require under Philippine law?

Back

1 month advance + 2 months deposit

Front

Which document is issued by the Bureau of Internal Revenue (BIR) as proof that taxes have been paid on a real estate transaction?

Back

Certificate Authorizing Registration (CAR)

Front

What is the role of a property manager in a condominium association?

Back

Maintenance and repair of common areas, Collection of association dues, Enforcement of building rules.

Front

What is the standard Real Estate Broker’s Commission for a successful sale in the Philippines?

Back

5%

Front

What does Zonal Value refer to in Philippine real estate?

Back

The tax-assessed value determined by the BIR

Front

Under the Maceda Law (RA 6552), how many years of installment payments entitle the buyer to refund upon cancellation?

Back

2 years

Front

Which government agency handles the Titling and Transfer of Property in the Philippines?

Back

Land Registration Authority (LRA)