 MOMENTUM
Property Management CorporationMomentum Properties Management Corp. provides a comprehensive and full property management and consultancy services covering all aspects ranging from Estate Management, Leasing and Facilities Management.
Built on the backbone of Anchor Land Holdings, Inc., the country’s fast growing player in the Real Estate Development Industry that specializes in developing sophisticated and luxurious residential condominiums, Momentum’s team of seasoned professionals will personally attend to your property and customize our services accordingly to suit the operations of your property.
Created as one of the business units of Anchorland with the objective of managing its own developments such as Mayfair Tower in U.N. Avenue, Lee Tower and Mandarin Square in Binondo Manila and Solemare Park Suites in Macapagal Avenue, Momentum’s conceptualization emerged when the company’s principals have decided to expand its operations to specialized service. Henceforth, Momentum was established in time with the company’s program of streamlining its services so that each business unit develops its own specialization.
Momentum is composed of an innovative team whose vision is to become the country’s leader in the field of Property Management, providing world-class service.
Our Core Competence is focused not only in providing full service Property Management but likewise to provide value added services. Ultimately, the aim of Momentum is to provide a superior living and working environment at the lowest cost possible to property owners and to ensure your property appreciates in value over the medium and long term.
Property Take-Over StrategyTo prepare the necessary requirements, forms, documentation and personnel for the proper and efficient turnover of building management to MOMENTUM PROPERTIES MANAGEMENT CORP. In line with this, we will require the following:
1. Administration Office/Engineering Office
A sufficient office area furnished with office equipment & furniture shall be required for the day-to-day admin & accounting operations by the Property Manager, especially for the daily tenant/customer liaison and transactions, receipt of client requests and complaints, procurement and purchasing of maintenance supplies and equipment, and technical administration concerns. The area should have enough space to accommodate the engineering requirements for its day-to-day technical operations, planning, and scheduling by the property’s Engineering Personnel. The Office will also be the Engineering center for daily tenant/customer liaison and transactions, receipt of client requests and complaints, procurement and purchasing of maintenance supplies and equipment, and technical administration concerns.
2. Communication Facilities
Adequate communication facilities must be provided. These facilities will include telecommunication facilities like telephones and facsimile machines, two-way radios, as well as computers and printers with modems.
3. Building and Unit Owners/Tenants’ Data
- Master list of Unit owners/Tenants including current contact address and tel. no.
- Turnover documents/Acceptance Receipts
- Owner Punchlist
- Completion of rectification works of Owner Punchlist
- Master deed
- Declaration of Restrictions
- SEC Registration
- Articles of Incorporation/By-laws
- Business License/VAT registration
- Contract To Sell
- Insurance Policy/documents
- Real Estate Tax Documents
- Project Design Consultants
- Authority Approvals
4. Accounting Requirements
- Chart of Accounts
- BIR Registration/VAT registration
- Accounting Books
- Accounting Forms
5. Technical Requirements
In order for us to ensure that set standards for building maintenance operations are properly met, we shall need the following requirements, as integral parts of our technical operations:
1. Building and Equipment Data
- Complete Set of As-Built Plans (Architectural, Structural, Electrical, Mechanical, Plumbing and Sanitary, etc.) and other plans that may be required. We may also require existing plans for Tenants with fit-out works.Certificates, licenses and permits of equipment
- Plant and Equipment Manuals and Specifications
- Technical bulletins
- Contracts/Warranties of Equipment
- Record of Equipment Testing/Results
2. Engineering Workshop
An adequate area will be required for carrying-out minor repair works.
3. Storage Area
A sufficient area to store building and equipment supplies and stocks. A stock inventory system will be organized by MOMENTUM PROPERTIES MANAGEMENT CORP., for such purpose.
4. Communication Facilities
For the effective operations and transfer of communications, adequate communication facilities must be provided. These facilities will include telecommunication facilities like telephones and facsimile machines, as well as computers and printers with modems.
Property Management OfficeThe Condominium Corporation is manned by a team of professionals with varied experiences in the field of property management representing Momentum Properties Management Corporation. The Condominium Corporation operates 24 hours a day, 7 days a week, 365 days a year. The onsite team is headed by the Property Manager and is comprised of the Building Engineer, Property Accountant, the building management staff and other operational personnel who are responsible for providing all building management services in relation to the common areas and facilities of the building, as well as the maintenance and overall security.
The Property Management Office of MayFair Tower is located at the 6th floor and may be reached at telephone numbers (02) 5673847 & (02) 5227502. Please address all your concerns, suggestions and recommendations to this office.
Payment of Association DuesThe primary objectives of the Condominium Corporation is to continually maintain the market value of the property as well as promote the common good and welfare of the owners in such aspects as security and safety, health and cleanliness, or any form of services for the common benefits of the unit owners. Assessments are imposed on the unit owners in order to support said objectives, These assessments are in form of regular association dues, which is used to defray the projected expenses that may be incurred in the operation, administration and/or management of the common areas of the condominium projects in its ordinary or normal course shall be levied from the unit owners in form of especial assessments.
The unit owners shall be solely responsible for their obligation and responsibilities to the Condominium Corporation. The unit owners may pass this obligation to their tenants contractually, but the ultimate responsibility to pay the Condominium Corporation rests with the unit owners.
A billing system shall be instituted wherein every billing statement shall be sent out to each unit owner/tenant on a monthly basis for association dues. Billing shall be prepared and sent out on the second week preceding each month, due date shall be fifteen (15) working days from invoice date. Real Estate Tax, Building Insurance, Capital Expenditures and other especial assessments shall likewise be billed in advance depending on the manner of payments to the respective agencies/suppliers/contractors.
Billing for utilities and other related charges shall likewise be done monthly. Billing date shall be two (2) working days after cut-off set by utility company, due date shall be eight (8) working days after billing date.
Outstanding accounts as of billing date shall be included in each billing statement in order to update the unit owners/tenants of their accountabilities.
Receipt of billing should be duly acknowledged by Unit Owners/Tenants or their representative, for absentee owners, billing shall be sent through registered mail.
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