When buying or selling a condominium, there are many documents involved in the process. This is one of them.
Here's your guide to buying safely and becoming a smarter property owner.
The more you know, the less you risk.
It is a document issued by the property management office of the building.
It tells you two important things: who the registered owner is, and whether the association dues are fully paid.
In simple terms, it shows that the unit is in good standing with building management.
This document plays a key role in the transfer of ownership. Without it, the process may be delayed or may not proceed at all.
Go to the property management office of the building where the unit is located.
File a request for the Certificate of Management with the administrator on duty.
Provide a valid ID together with proof of ownership of the unit.
Pay off any outstanding association dues, if there are any on record.
The management office prepares and releases the certificate once everything checks out.
Check that the owner's name on the certificate matches the name on the title.
Confirm that the title number is clearly indicated and correct.
Make sure no unpaid dues or other obligations remain on the unit.
Review every detail carefully before proceeding with the transaction.
Sometimes it is even more important than the property itself.
The more you understand how real estate works, the better protected and empowered you become as a buyer, seller, or property owner.
Always invest in yourself.
Stay curious. Keep learning. Explore more resources at HivePropertyHub.com, or post your property at ManilaOpenHouse.com.