Introducing Ultima Residences Condotel investment for real estate investors. A type of investment where you don't work for your money; but your money works for you instead. Ultima Residences Condotel operates on a 50/50 percent income sharing from Condotel sales. And whether your Condotel unit is rented or not, you will still receive income since your Condotel unit is enrolled in the income pooling system with a pro-rata sharing based on the type of Condotel unit you have acquired. The Condotel projects below give you the option to enroll your condo unit to a Condotel operation or have it as your residential condo.
 Frequently Asked Questions: How Does the Lease-Back Program Work (Rental Pooling)? Percentage sharing of 50% for the unit owners and 50% for the hotel / condotel operator. Unit owners will receive monthly income based on the type of unit regardless of whether the unit was leased or not. This is because RAMOS TOWER will pool together its entire total income from rental operations and distribute this to unit owners according to the percentage sharing based on gross income. How does Ramos Tower Condotel differ from other real estate investments? Other condominiums grow in value over time but only the property value. The Ramos Tower condotel grows in value faster than other condominiums because You can also use of your own unit whenever you desire and while you are not using it, your condominium unit earns for you. Ramos Tower property not only grows in value but also changed your lifestyle! As a unit owner, you are also a member of Club Ultima which entitles you room nights every year which you can use at any Crown Regency Hotel or at more than 2,000 hotel & resorts in the world affiliated with Interval International When you own a unit in Ramos Tower, you possess ownership of a prime and actively earning piece of real estate investment whose ownership Who will operate the Ramos Tower Condotel upon commercialization? Ultima Residences, RAMOS TOWER shall be managed by the CROWN REGENCY HOTEL GROUP, an established and experienced hotel chain owned by the JKing & Sons Co.,Inc. whose existing hotels are: • Club Ultima Fuente Tower, Cebu Crown Regency Suites & Residences in Mactan • Crown Regency Residences in Guadalupe, Cebu City • Crown Regency Residences in Davao City • Crown Regency Hotel & Towers in Fuente Osmeña, Cebu • Crown Regency Hotel in Makati • Crown Regency Resort Hotel in Station 3, Boracay Island What is the Minimum Period of the Lease-Back Program? Upon turnover of URRT condotel unit, the unit owner may immediately lease-back their unit to the condotel operator. The minimum period you can have your unit enrolled in rental pooling is Ten (10) Years. How many days in a year can a unit owner use his condotel unit for free? Unit owners may use their condotel units for THIRTY (30) DAYS A YEAR. Unit owners who exceed their 30 days use will have to pay 70% of the regular rental rates. However, your payment will be included in the computation for rental revenue share and will be deducted on your monthly rental income. What if the unit owner was not able to use his day benefit in a year? If their unit was rented out during their thirty (30) day allotment, they will receive rental share if it was rented out during that period. Are there association dues to be paid once the Condotel unit is enrolled under the Lease-Back Program? There are NO Association Dues or Maintenance Fees to be paid once a condotel unit is enrolled under rental pooling by the unit owner. The condotel/hotel operator shall take care of the association dues, maintenance and security of their investment. If the unit owner decides not to enroll his unit under the Lease-Back Program, will the unit owner be charged of Association Dues? Yes, if a unit owner decides not to enroll his unit under rental pooling, the owner will be charged with monthly association dues and maintenance fees which will be determined later on by the condotel/hotel operator. Are repairs shouldered by the condotel operator? Only minor repairs shall be shouldered by the condotel / hotel operator. Are there other expenses to be paid by the unit owner upon enrollment in the Lease-Back Program? A fee of Fifteen Thousand Pesos(P15,000) per sq.m. is required to be paid by the unit owners upon enrollment to rental pooling to completely furnished the unit with furniture, fixtures and other regular hotel amenities. A one-time joining fee of Thirty Thousand Pesos (P30,000) is required to cover contribution for housekeeping, maintenance, uniforms, linens, etc... * For residential unit owners, they have the option to completely furnished their units at Twelve to Fifteen (P 12,000 to P15,000) per sq.m. |
Custom Search
  Contact Us Fuente Triangle Realty Development
Landline: +63 32 418 7777 local 8312 Ground Floor, Tower 2, Email: fuentetriangle_jdegan@yahoo.com Fuente Triangle Realty Development Projects:
Future Projects:
Real Estate Websites Real Estate Blogs Related Links Residential Condominium Condotel Investment: Income Generating Condominium High Rise Condominium Condominium w/ Balcony |
Philippine Peso Exchange Rate