Perpetually Owned Condominium
In the realm of Philippine real estate, the terms "Perpetually Owned Condominium" and "non-perpetual ownership" are often used to describe the duration of a property owner's rights to a condominium unit. While both terms imply ownership, they differ significantly in the extent of those rights and the duration of ownership. Perpetual ownership, also known as freehold ownership, grants the owner an absolute and indefinite right to the property. This means that the owner's ownership interest is not limited by a…
