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Condominium Jargon You Need to Know when Buying a Unit

If you’re ever interested in buying a property for sale in Manila , you’ll eventually have to read through a lot of paperwork and listen to a ton of legal and real estate talk. You can’t know all the technical stuff that they mention but you can get familiar with the ones that are most used the real estate biz. Admin – abbreviation of Administration/Administrators; they’re basically the people you go to if you have suggestions or questions on how the whole building does its operations. Think of them as your office managers or better yet human resource. Association Dues – most private subdivisions have an association. An association is made up of a representative of every home owner and association meetings are held so that issues may be resolved and events and updates may be announced. Association dues are dues that you pay for the activities that are done by the association. Amenities - these are enhancements and luxuries that properties like condominiums provide their residents.