Buyers of a Condominium/ Subdivision: Basic Guidelines about the Condominiums and Homeowners Monetary Obligations

You’re a Citizen of the Republic of the Philippines and you decided to buy a unit in a condominium. After submitting all the requirement and documents and after paying all required monetary requirements, the property was then turned over to you. 

You are now considered as official homeowner.
After few months, you start receiving invoices for the monthly homeowners association dues. You begun questioning the management of the condominium what is it for? Why do you need to pay it? What will happen if you don’t want to pay it?