Itís Your Money > Real Estate Information

Question about Renting

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earthling:
Hi there, I have a friend who's planning to rent a condo here in the Philippines and she asked me if there is a need for her to register as a legit resident here in the Philippines, hope you guys can help thank you!

Lee2:

--- Quote from: earthling on June 08, 2017, 12:26:28 PM ---Hi there, I have a friend who's planning to rent a condo here in the Philippines and she asked me if there is a need for her to register as a legit resident here in the Philippines, hope you guys can help thank you!

--- End quote ---
If she is not a Filipino then the person or company who rents to her usually requires a copy of her passport, visa and or possibly ACR card, and if she is Filipino then some form of govt id, otherwise I do not know of any registration. Of course each condo may have different rules, I know that to get electric turned on in our condo it required a Barangay clearance but that is usually not an issue renters have to deal with.

starrt:
Hi all,

One thing to keep in mind when renting a residence, condo, apartment, house, etc, is that most landlords require post dated cheques. This requires the renter to have a local bank account, with a chequing account.

From my own experience here, a lot of banks will not give anyone a chequing account until after having a regular savings or ATM account with the institution for 6 months.

Sometimes a bank manager will give new account holders a chequing account right away, but this seems to be the exception rather then the normal thing here.

Thanks
Thomas

bigrod:

--- Quote from: starrt on June 09, 2017, 10:57:01 AM ---Hi all,

One thing to keep in mind when renting a residence, condo, apartment, house, etc, is that most landlords require post dated cheques. This requires the renter to have a local bank account, with a chequing account.

From my own experience here, a lot of banks will not give anyone a chequing account until after having a regular savings or ATM account with the institution for 6 months.

Sometimes a bank manager will give new account holders a chequing account right away, but this seems to be the exception rather then the normal thing here.

Thanks
Thomas

--- End quote ---

While I agree it does depend on the manager the amount of deposit to the account, age, etc., all play a factor in his decision.

Chuck

jjcabgou:

--- Quote from: earthling on June 08, 2017, 12:26:28 PM ---Hi there, I have a friend who's planning to rent a condo here in the Philippines and she asked me if there is a need for her to register as a legit resident here in the Philippines, hope you guys can help thank you!

--- End quote ---
I am still wrapping my brain around the "legit resident" part.
Were they planning on staying here under other than a legitimate terms?    Or are you asking if they should try to be come a permanent resident?   

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