The condominium corporation and the condo building are different entities. In this case, the condo corporation is Camella Manors while the condo building is the structure itself.

Camella Manors prides itself for having quality investments that will last a lifetime. According to the Section 8 of the Condominium Act (RA 4726), the lifespan of a condominium corporation in the Philippines is 50 years. As long as the condo building is still considered a sound building given its updated maintenance, then the condominium corporation can be renewed. This is why, the corporation or association dues are charged to the residents as part of their shared responsibility for the upkeep of the development.

If the time comes that the condo building wears out, then the shareholders of the condominium corporation have the rights to vote for a decision. They may choose among the three things they could do: First, they may sell the land. Second, they can make some money from the salvageable scrap from the demolished building. Subsequently, they can deduct the cost of the demolition and divide the proceeds among the unit owners. Lastly, they can have a deal with the original developer or another developer to build a new condominium on their land.

A condominium corporation is a non-stock and non-profit corporation duly registered in the Securities and Exchange Commission (SEC) and Department of Human Settlements and Urban Development (DHSUD).

The condo corporation primarily maintains and secures all common areas, and it governs the project according to its Master Deed with Declaration of Restrictions. On the other hand. all titled unit owners are considered as shareholders of this corporation.

Therefore, they have the voting rights for any official decisions, appointments, and developments of this corporation.

Once you have chosen the condo unit you that would like to purchase, you need to accomplish and sign the Buyers Information Sheet and Reservation Agreement. Afterward, you need to pay the reservation fee.

For easier and faster property reservation, you may reserve online by clicking the Reserve button in our website and follow the steps indicated in the Online Reservation section.

Standard Requirements:
• 2 Valid IDs
• TIN ID/verification slip
• Photocopy of Birth Certificate/Marriage Certificate
• Proof of Billing Address

For Locally Employed:
• Original Certificate of Employment and Compensation (COEC)
• Income Tax Return (ITR)
• Pay slip for the last 3 months
• Bank Statement for the last 6 months

For Self-Employed:
• Copy of Business Registration & Permit
• Income Tax Return for the last 2 years
• Original & Audited Financial Statements
• Picture of the establishment

For OFWs:
a. Requirements Upon Reservation
• 2 VALID IDs (Principal Borrower and Spouse/Attorney-in-Fact)
• TIN ID or signed BIR Form 1904

b. Standard Requirements
• Copy of Marriage/Birth Certificate
• Proof of Billing Address
• 2 Government-Issued IDs (Principal Borrower, Spouse, Attorney-in-Fact)
• TIN ID
• Notarized/Consularized Special Power of Attorney

c. Income Documents
• Contract of Employment
• Certificate of Employment with Compensation
• 3 Months Payslips (If available)
• 3 Months Bank Statements/Proof of Remittance
• Copy of Passport with Entries

*Note: Standard Requirements and 1 Sufficient Proof of Income must be submitted a month after reservation.

Camella Manors offers convenient payment facilities where you can settle your fees in a breeze. We offer various payment options via online payments, over-the-counter payments, auto-debit arrangement, and international remittance payment with our trusted bank institutions.

Click the Payment button in our website for more information.

Yes, you will need to purchase an insurance to cover the contents and to protect your condo unit. For the bank-financed condo units, the insurance covers the first 3 years depending on the contract with the bank. Moreover, this is for renewal upon expiration.

The condominium association carries a liability insurance policy to handle any claims relating to common areas of the building/complex, and the coverage for the building/complex. Unit warranty usually lasts within 30 days for structural concerns.

Regardless if the unit is vacant or occupied, the monthly dues are still paid by the unit owner. The monthly dues are divided among all unit owners. In addition, it is assessed based on the regular operation budget and projected expenditures, which include but not limited to:

• Operation Expenses
• Security Services
• Utility Expenses (Water, Light, Internet)
• Garbage Collection
• Repair and Maintenance of Common Areas
• Building Insurance
• Office Expenses of the Property Management Group
• Permits and Licenses of the buildings and the Association
• Pest Control

Payment of the monthly dues starts automatically upon turnover of the unit. Failure to pay the monthly dues (delinquency) may result to the Corporation cutting-off or denying basic utilities as well as the use of common areas to the unit owner.

Investors of Camella Manors are originally presented with a quotation of the monthly equity and the amortization rate through bank loans.

Before reserving a unit, the following charges will be discussed. Take note that these charges are NOT directly payable to Camella Manors, yet mandatory nonetheless:

• Bank Fees – cover the official documents, bank charges, fire and mortgage redemption insurances required by the bank (2.5% – 3% of Loanable Amount)
• Homeowners Association (HOA) Fees – include one-time membership fees, monthly dues, and annual building insurance
• Move-in Fees – consist of utility start-up fees (i.e. water, light, internet)
• Property Tax – paid by unit owner after the turnover of unit. The developer will be the one to pay for the permits and licenses of the unit, the initial property tax payments, and the transfer of title.

Yes, you will need to purchase an insurance to cover the contents and to protect your condo unit. For the bank-financed condo units, the insurance covers the first 3 years depending on the contract with the bank. Moreover, this is for renewal upon expiration.

The condominium association carries a liability insurance policy to handle any claims relating to common areas of the building/complex, and the coverage for the building/complex. Unit warranty usually lasts within 30 days for structural concerns.

Our condo unit does not come with a parking slot, but you have the option to buy a permanent parking space within the property as long as there is still an available slot.

Camella Manors offers three types of condo parking options. Take note that parking spaces have a separate contract from the residential condo unit:
1. On-Ground Parking – non-covered parking spaces which are usually in front of the ground level of the condo unit
2. Basement Parking – covered parking spaces within the condo building which are usually located in lower ground and/or basement.
3. Parking Space for Lease – on-ground or basement parking spaces leased for a minimum of one (1) month

FREE PARKING?

During the day, visitors can either park in front of the amenity area or commercial area.

A unit owner who does not avail any parking slot may opt to rent from Camella Manors management or from other unit owners who are leasing out their parking slots.

Residential condo unit owners enjoy Perpetual Ownership of the units and they can pass it to their kin. They are issued a Condominium Certificate of Title (CCT). This title is issued for condo units and for basement or level parking units. The unit owner will receive the title depending on the type of financing availed.

Under Bank Financing, the CCT will be provided to the bank institution as collateral for the condo. Under Deferred (i.e. Spotcash or In-house financing), the title turnover will be upon payment of total contract price.

The Condominium Certificate of Title (CCT) is provided upon full payment of the property. For cash buyers, this is provided after the issuance of the Certificate of Full payment (as long as the building is finished with the construction).

For bank-financed or installment buyers, the title will serve as the collateral for the property. It is usually kept by the financing institution and it is released after full repayment of the loan amount.

Camella Manors is equipped with 24/7 CCTV Cameras in the common areas. Furthermore, the entrances and exits are well-guarded. The whole community is also secured with the roaming security personnel and the surrounding electronic perimeter fence in the area.

Permits must be acquired prior to ingress or egress of items. However, every unit owner is responsible for the safe keeping of the unit, particularly the locks facing the hallway in each floor and the windows for those residing in the first 3 floors.

In the Philippines, it is mandatory that all buildings are structurally designed to withstand a magnitude 8 earthquake (minimum of magnitude 7 earthquake). Hence, all Camella Manors’ condo buildings are “EARTHQUAKE-RESISTANT.” Furthermore, condominiums usually undergo a rigorous approval on building and business permits before its official development.

All Camella Manors properties are rigorously checked during the construction progress to ensure the structural integrity and quality of the buildings.

Yes. 40% of the total units in a project can be sold to foreign clients.

For Bank Financing:
• Income Tax Return (ITR) for the last 2 years
• Financial Statement
• Business Permit

Foreigners must have a business in the Philippines for the past 5 years and must provide the following requirements:

• 2 Valid IDs

Buyers will be allowed to move in after the following conditions are met:

• Building has been completed.
• Buyer has met the payment & documentary requirements for move-in.
• Buyer has signed the Certificate of Acceptance.
• Buyer has submitted the filled-out move-in forms.
• Buyer has submitted all other documents as may be required by the Property Management.

Upon receiving your unit, you will become a member of the condominium association. The notification of occupancy will be given to you to authorize your move-in.

The Condominium Certificate of Title (CCT) and tax declaration will be delivered to you as soon as available. Only you can accept this document.

Apart from you, your spouse, or attorney-in-fact, any representatives with your written authorization letter (duly notarized or consularized) is allowed to accept the unit on your behalf. Presenting two valid IDs is also required.

Camella Manors properties are strategically located near commercial establishments, main transportation hubs, universities, and business districts.

We have our dedicated leasing team that can help lease your unit on short and long-term residential services. No matter what type of occupancy, however, the unit owner needs to register the unit occupant with the Condo Corporation for security, transparency and utility payment (whether the lease will shoulder the monthly payments or not).

For a more in-depth discussion on the leasing potential of a specific Camella Manors project, chat with one of our sales team in our website chat box.

Unit owners will be briefed with the full set of the Deed of Restrictions such as the curfew rules and access of visitors upon unit turnover. These rules are mandated in order to protect and maintain the peace and order in the community. Above all, these rules will keep untrustworthy people away from your home.

Contact a Camella Manors representative to know more about the rules and regulations for each Camella Manors project.