P.A. Alvarez Properties and Development Corporation (P.A. Properties) has turned over a total of 43 projects to their respective homeowner’s associations in Laguna, Batangas, Pampanga, Bulacan, and Pasay City recently.
Emphasizing the importance of sustainable and organized communities as a crucial and important part of home ownership, the property firm asserts its commitment to create a healthy living environment for both individuals and families as well as safeguarding and enhancing property values and fostering a sense of community among residents and stakeholders.
“We believe and recognize the significant benefits that Homeowners Associations (HOAs) could bring to development projects in the long term, said Lawyer Marianne Lina-Cruz, President and CEO of P.A. Properties.
“HOAs are key to shaping up and establishment of responsible community and neigborhood management,” Cruz added.
After project completion and turn over, the HOAs are bound to ensure safety and security within the communities, as well as emergency preparedness in case of any disaster or calamity including the responsibility of overseeing the upkeep and maintenance of shared areas and facilities, such as parks and community centers.
By incorporating HOAs, P.A. Properties aim to foster security and confidence among prospective buyers and clients.
HOAs are likewise bound to ensure diligent management and long-term preservation of the area, thereby enhancing property values in the process.
P.A. Properties manages the formation of the HOAs for its developed projects. It supports the HOAs from formation to project turnover, abiding with regulatory requirements.
The company also provides the elected Board of Directors of each village guidance and consulting services on effective management of their HOAs and their respective communities.