Last updated on September 24th, 2025 at 10:52 am
When you plan to buy a condo, it’s easy to focus on the monthly amortization and forget about other costs. But one important expense that every owner needs to budget for is the condo dues in the Philippines. It’s a regular payment that can take a toll on your pockets if you’re not prepared.
So, what exactly are they, and why are they so important?
What Are Condo Dues in the Philippines?
Think of it like this: just as people in subdivisions pay fees for security and maintenance, condo owners pay dues for similar services within their building. Condo dues in the Philippines are monthly fees that all unit owners pay to maintain the shared spaces and services of the condominium.
It’s also important to know that Value Added Tax (VAT) is added to these fees, as required by Revenue Memorandum Circular (RMC) No. 65-2012. This has increased the total amount that owners pay.
What Do Your Condo Dues Pay For?
Your monthly dues keep the condominium running smoothly and ensure it remains a safe and pleasant place to live. The money you pay is pooled with other owners’ contributions to cover essential operational costs.
Here’s a more detailed breakdown of what your condo dues in the Philippines pay for:
- Staff Salaries: This covers the pay for security guards, receptionists, cleaners, electricians, plumbers, and gardeners who work to keep the building safe, clean, and well-maintained.
- Utilities for Common Areas: This pays for the electricity used in the lobby, hallways, and elevators, as well as the water used for cleaning, watering plants, and filling the swimming pool.
- Maintenance and Repairs: This funds the general upkeep of the building, including parking maintenance, roof repairs, lobby repairs, and fixing the lighting, heating, and security systems.
- Amenities and Other Privileges: Your dues ensure that facilities like the gym, swimming pool, and common restrooms are clean and functional. In some condos, this may also include access to business function rooms or roof decks.
How Are Condo Dues Calculated?
The amount you pay for condo dues in the Philippines usually depends on the size of your property. The fee is often calculated per square meter, so a larger unit will have higher dues. This also applies to any parking spaces you own.
For example, if the rate is P100 per square meter and your unit is 30 square meters, your monthly due would be P3,000.
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Frequently Asked Questions (FAQs)
1. Is paying condo dues required?
Yes. When you buy a condo, you agree to be part of the condominium corporation and are required to pay the monthly dues.
2. What happens if I don’t pay on time?
You will likely be charged a penalty or interest for late payments. In some cases, you might not be allowed to use amenities like the pool or gym until your account is settled.
3. Do condo dues stay the same forever?
Not necessarily. The cost of services and maintenance can increase over time. The condominium corporation will inform all owners if there are any changes to the dues.