Dave R. Conway Life

Tue, 05 Jul 2011 08:21:04 +0100

I am Dave R. Conway, I am the owner of 2 units in a five-year-old condominium with 25 units in Makati and Cebu. The Condos Makati is the most progressive one maybe because basically we offers the same advantages with few extras like, The tenant-owners elect a Board of Directors, whose responsibility is to meet, interview and "approve" or "disapprove" a prospective owner, thereby protecting the present tenants' interest by approving only qualified candidates. Cooperative ownership offers a more stable community environment. Residents tend to stay for longer periods of time, and few co-ops allow extensive subletting, preferring a high owner-occupancy. A large portion of the monthly maintenance fee paid by each shareholder is tax deductible; one example is the pro-rata share of the corporation's real estate taxes, as well as the building's underlying mortgage payment.

blog

Dave R. Conway Life