How many days in a year can a unit owner use his condotel unit for free?Unit owners may use their condotel units for THIRTY (30) DAYS A YEAR. Unit owners who exceed their 30 days use will have to pay 70% of the regular rental rates. However, your payment will be included in the computation for rental revenue share and will be deducted
on your monthly rental income.
What if the unit owner was not able to use his day benefit in a year?they will receive rental share if it was rented out during that period.If their unit was rented out during their thirty (30) day allotment,Are there association dues to be paid once the Condotel unit is enrolled under the Lease-Back Program?There are NO Association Dues or Maintenance Fees to be paid once a condotel unit is enrolled under rental pooling by the unit owner. The condotel/hotel operator shall take care of the association dues, maintenance and security of their investment.
If the unit owner decides not to enroll his unit under the Lease-Back Program, will the unit owner be charged of Association Dues?Yes, if a unit owner decides not to enroll his unit under rental pooling, the owner
will be charged with monthly association dues and maintenance fees which will
be determined later on by the condotel/hotel operator.
Are repairs shouldered by the condotel operator?
Only minor repairs shall be shouldered by the condotel / hotel operator.Are there other expenses to be paid by the unit owner upon
enrollment in the Lease-Back Program?A fee of Fifteen Thousand Pesos(P15,000) per sq.m is required to be paid by the unit owners upon enrollment to rental pooling to completely furnished the unit with furniture, fixtures and other regular hotel amenities.
A one-time joining fee of Thirty Thousand Pesos (P30,000) is required
to cover contribution for housekeeping, maintenance, uniforms, linens,etc.
* For residential unit owners, they have the option to completely furnished their
units at Twelve to Fifteen (P 12,000 to P15,000) per sq.m.
RESERVATION FEE : PHP 50,000.00
payment scheme: 30Down payment% /70% 3 years to pay.
payment scheme: 40Down payment%/ 60% 3 years to pay
payment scheme: 50Down payment %/50% 3 years to pay
note: 3 years to pay Zero Interest
for price & sample computation pls..contact:
For more inquiries, please contact:
JHAYE ESTRADA
Sales and Marketing
Fuente Triangle Realty Development Corporation
Crown Regency Hotel & Resort, Club Ultima Hotel
+63929-369-0736
jhaye_estrada@yahoo.com
What is the Minimum Period of the Leaseback Program?
Upon turnover of URRT condotel unit, the unit owner may immediately lease-back their unit to the condotel operator. The minimum period you can have your unit enrolled in rental pooling is Ten (10) Years.
