Q: What restrictions are there on purchase for foreign ownership in the Philippines?

A: General Rule - only Filipino citizens and corporations with as least sixty percent (60%) of the capital of which is owned by Filipino are entitled to acquire and own land in the Philippines

    Exceptions to General Rule - alien acquisition of real estate in the Philippines is allowed in the

    Following cases:

    A) Acquisition before the 1935 Constitution

    B) Acquisition through hereditary succession if the alien acquires is a legal heir

    C) Purchase of not more than forty percent interest in a condominium project

    D) Form a Filipino corporation, 60% Filipino owned and 40% foreign owned.

* We usually recommend to our clients local lawyers to handle incorporation of their company.

Q: How long can I lease a property?

A: Generally, the period of lease would be at least one to two years with an option to renew.

Q: What are the terms of payment in lease properties?

A: Generally, rental payment modes are one year in advance plus two months security deposit.

Q: What are the terms of payment in for sale properties?

A: Generally, there are options to pay in cash, pre-arrangement terms and bank financing.

Q: How can I justify the lease or sale rate of the property?

A: The properties that are being for lease or for sale are depending on the age of property, location, condition, size of the property and the fair market value of its offering.

Q: When can I visit the property?

A: You can visit the property depending on your available time and schedule with of course an appointment with an Real Estate Agent.

Q: What are the duties to the clients and customers?

A: When representing a buyer, sellers, landlord, tenant, or other client as an agent, the Real Estate Agent pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve the Real Estate Agent of their obligation to treat all parties honestly. When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, Real Estate Agent remain obligated to treat all parties honestly.

Q: What are the duties to the public?

A: Real Estate Agents shall not deny equal professional services to any person for reasons of race, colour, religion, sex, handicap, familial status, or national origin. Real Estate Agents shall not be parties to any plan or agreement to discriminate against a person or persons on the basis of race, colour, religion, sex, handicap, familial status, or national origin.

Q: What are the duties to fellow real estate agents?

A: Real Estate Agents shall NOT knowingly or recklessly make false or misleading statements about competitors, their businesses, or their businesses practices.

Q: What are the key roles to have an appointed real estate agent?

A: It is vital that the real estate agent facilitate the entire transaction process from setting appointments/meeting, negotiations to furnishing legal documents and other requirements from the pre-sale to the post-sale stage. They are the assisting tour guide to the site visit of the property. During the negotiation stage, the real estate agent is essential party as witness and negotiator for both seller and buyer/tenant. In addition, the real estate agent extends its services by giving alternative properties to the buyer/tenant just in case they are not satisfied as it keeps an listing of properties to provide more choices.

Q: Can you help us move in a new home?

A: Yes, we can recommend you a list of local companies that cater to this special service. 

Q: Can I post my property in your website?

A: Yes, you can as long as it falls under the criteria of the website to enable prospective clients from around the world the possibility of viewing. In addition, the properties that are valid for posting will be designed, created, virtually toured to the production of marketing collateral including web design - FOR FREE!

Q: Is my contact information safe with Empyreal Inc.?

We are committed to protecting your privacy, and take our responsibilities regarding the privacy of your information very seriously. We do not sell, trade, or rent your personal information to others. This policy explains how we use any information and how we protect your privacy.