Are you a condominium unit owner or landlord in the Philippines looking for practical tips on managing your rental property? 

As property managers, we understand the unique challenges that come with leasing out your condo unit in the Philippines. Today, we’re sharing a real-life experience to help you navigate common issues—like late payments and contract termination—while protecting your investment.

Our Fiduciary Duty as Property Managers

First and foremost, property managers have a fiduciary responsibility to act in the best interests of the property owner. 

This means making decisions that protect your property and financial returns. In this case, our landlord client requested that we accommodate her wish to rent out her unit to a specific tenant. The lease began in January, and we respected the boundaries by allowing both parties to communicate directly, while still overseeing the process.

What Happens When Your Tenant Can’t Pay on Time?

A few months into the lease, the tenant started missing payment deadlines and provided various reasons for the delays. As responsible property managers, we monitored the situation closely and kept the landlord informed. Consistent late payments are a breach of contract and can negatively impact your cash flow as a landlord.

Our Solution: Peaceful Contract Termination

After several reminders and discussions, we suggested a peaceful termination of the lease agreement. Fortunately, the tenant cooperated and vacated the unit without any conflict. This smooth transition allowed us to prepare the unit for the next potential renter.

Ready for New Tenants: Belton Place Studio Unit for Rent

If you’re searching for a condominium for rent in Makati or want to see how we manage turnovers, check out our video walkthrough of the unit after the tenant moved out. We ensure every property is well-maintained and ready for new occupants.

Property Details:

• Location: Belton Place, Makati
• Type: Studio, Semi-Furnished
• Size: 21 sqm
• Monthly Rate: P18,000 (inclusive of association dues)

[Watch the Video Walkthrough Here]

Need Help Managing Your Condominium Unit?

Whether you’re a first-time landlord or a seasoned property investor, we’re here to help you maximize your rental income and minimize risks. Contact us today to learn more about our property management services in Metro Manila!