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Rent from a Cebu condo, house, office, or warehouse counts as income. And the Bureau of Internal Revenue (BIR) expects a share of it. Most Cebu landlords owe some form of rental income tax. But the exact bill depends on your rent amount, your tenant type. And whether you file as a single or a…
Buying property in Cebu almost always comes down to two pieces of paper: a Contract to Sell and a Deed of Absolute Sale. They look similar, they both mention a buyer and a seller. And they both talk about a price. But they do very different jobs in a real estate deal. And mixing them…
You’ve probably seen posts like this in Cebu buy-and-sell groups: “Assume balance, low cash-out, just continue the monthly.” Sounds easy, right? Sometimes it is, but the details behind that catchy headline price matter a lot more than you’d think. Assume-balance—sometimes called pasalo—means you’re taking over someone’s still-active home loan. The seller’s already paid a chunk of it….
Cebu’s business districts run on people. And those people need somewhere to live. That reality has quietly turned a lot of landlords into corporate housing providers, whether they meant to or not. A company signs the lease, puts its staff or expats in the unit, and pays the rent every month—at least, that’s the idea….
