Here’s a new development. We’ve always made manager’s checks payable to “Registry of Deeds of [City]” when settling registration fees. Apparently, not anymore. In a recent Makati title transfer, we discovered that the correct payee is now “Bureau of the Treasury.” I checked with our Documentation Services team if this applies to all cities — and the answer is no. So before asking clients to prepare manager’s checks for registration and IT fees, wait for the official computati

Here’s the recap. While I was away, my colleague forwarded a letter from the Bureau of Internal Revenue. The letter claimed that I failed to file several tax returns listed in an attached “Annex O.” Except… there was no Annex attached. Naturally, I was confident. I’ve always been meticulous with filings. “Probably a glitch,” I thought. But just to be sure, I had someone check what those missing returns were. And that’s when the plot twist came in: the BIR was asking for 8 tax

Once upon a time, a couple sold their condo through a bank-financed deal. The sellers were a Filipina and her foreign husband. When the transaction finally closed, the mortgagee bank released the proceeds: a Manager’s Check payable to “Spouses A & B.” That’s when trouble began. The wife went to deposit the check into their joint “and/or” savings account—only to be told: “Ma’am, we need both your signatures at the back before we can accept this.” Her husband had just flown abr

When the real estate market turns sluggish, a familiar idea resurfaces — the rent-to-own (RTO) scheme. On paper, it sounds like a win-win: “Why rent when you can own?” But behind the marketing pitch lies one of the most misunderstood setups in property transactions. Most people think of RTOs as a simple bridge between renting and buying. In truth, they’re two contracts stitched together — a lease and an option (or obligation) to buy. The first gives you the right to occupy th

A company was selling an office unit for P33.6 million. The documents didn’t say whether the amount was VAT-inclusive or exclusive. The property’s zonal value is P31 million. So here’s the question: 💡 What is the correct output VAT payable to the BIR? Options: A P3.60 million B P3.72 million C P4.03 million ****** Before diving into the VAT computation, it helps to know where the answer comes from. In February 2007, the Bureau of Internal Revenue issued Revenue Regulation No

If there’s one thing I’ve noticed, it’s that many new condo owners aren’t sure what to look for when developers finally hand over the keys. Here’s a quick checklist to help you catch issues before signing off. 🧱 Walls, Floors, Ceilings Look for cracks, uneven paint, or stains. Tap tiles with a coin—if it sounds hollow, it might pop later. Step barefoot to feel for bumps or dips. Check ceilings for leaks or discoloration. 🚿 Water & Plumbing Turn on everything—faucets, shower

Let’s explore an insightful way to evaluate returns from real estate investments — the Internal Rate of Return (IRR). Like the Compounded Annual Growth Rate (CAGR), IRR expresses profitability as a percentage. But while CAGR assumes a single buy-and-sell event (start vs. end values), IRR is far more flexible. It factors in all cash inflows and outflows over time — including staggered payments, rent, resale proceeds, or even interim costs — then determines the exact discount r

Many lease contracts in the Philippines require tenants to pay advance rent—often applied to the first months of the lease—alongside a security deposit. At first glance, it seems straightforward: pay a few months ahead, start the lease, done. But here’s where many contracts (and brokers) get it wrong. Advance rent is meant to protect the lessor throughout the lease term—not just at the start. It should be applied to the last two months of the lease, not the first two. The sec

The next few years will reshape how Metro Manila and nearby provinces connect — but not all projects are moving at the same pace. 1️⃣ Solaire QC Opened in May 2024, this P50-billion entertainment complex drew initial buzz but hasn’t meaningfully lifted real-estate values in Quezon City’s fringes. The area’s market remains more dependent on office recovery than casino foot traffic. 2️⃣ Bulacan Airport (NMIA) San Miguel’s New Manila International Airport is now slated to begin

One fine day, I landed a listing that would make any golf lover drool — an 800-square-meter fairway lot. Except… when I arrived, the “view” was gone. Buried under 15-foot-tall talahib. The fairway, the main selling point, was completely invisible. So I asked the admin to clear it. “Scheduled po,” they said — which, in Filipino time, could mean next week or next century. A third-party contractor quoted P15,000 for a full cut. JPRE logic kicked in: Why pay fifteen grand when Sh