Shortchanged Condo Size
What would you do when you buy a condo unit that has a contract that specifies the size as 24 square meters but when you get the title, it states that the area is only 23 square meters? The Housing and Land Use Regulatory Board in the Philippines have been receiving various similar complaints from many condo unit owners. The actual size and the size specified on the title will make a difference when it comes to buying your home insurance because the discrepancy can make a difference.
The HLURB advises condo unit buyers and owners to refute these discrepancies and take the necessary steps when they encounter this problem. Some of these steps include demanding the developer to correct the size or to ask for a refund of the excess payment based on the title size.