1. Can the buyer rent out their unit?
Yes, buyers have the option to enroll their units in the Community Property Managers Group, Inc.’s (CPMGI) Lease Management Program. Through this program, rental rates will be agreed upon between CPMGI and the unit owner, taking into account prevailing rental rates. Unit owners must provide a copy of the Lease Agreement to the Administration for independent and privately-transacted rental services.
2. If a unit owner chooses to enroll their unit under CPMGI's Lease Management Program, what is the administration fee, and how will the rental income be received?
CPMGI charges a standard Broker’s Fee equivalent to one month’s rent. In some cases, an additional 10% of the monthly lease amount may apply. Unit Owner-Lessors will receive their rental payments through ATM transfer if they are based in the Philippines or via telegraphic remittances if they are overseas. Please note that the Unit Owner-Lessor is responsible for the cost of the remittances.
