4.1. All Unit Owners and/or tenants shall be proportionately liable for common area expenses or duly authorized condominium expenses and project costs, expenses which shall be assessed against each Unit Owner and/or tenant and should be paid to EEFCC. Likewise, utilities (e.g. water) supplied and billed directly by the EEFCC to the Unit Owners and/or tenant should be paid to the Condominium
Corporation.

4.2. Monthly dues and other assessments shall be paid on time. Payment
schedules are as follows:

• Monthly payments
  Every end of the month

• Quarterly payments
  First fifteen (15) days of the first month of the quarter

• Annual payments
  First thirty (30) days of the first month of the year

4.3. Assessments, whether capital, regular or special, are assessed against the unit whether the unit is occupied or not.

4.4. All assessments for capital expenditures, regular assessments for operating expenses, special assessments and all other assessments should be paid by the Unit Owner and/or tenant in such a manner
and at such times as may be determined by the Board of Directors.

4.5. All payments in favor of EEFCC should be made at the accounting office of the Condominium Corporation office hours are from 8:00 am to 5:00 pm (with lunch break from 12:00 noon to 1:00 pm),
Mondays to Saturdays.

4.5.1. No employee of EEFCC other than the Staff Assistant/Secretary or Accountant is authorized to accept payments. Receipts should be demanded for every payment made. Payment should be made in check payable to EEFCC.

4.6. Assessments not paid on the prescribed due date will bear interest at the rate of five percent (3%) per month computed from the date of delinquency or default until fully paid without prejudice to the other
options available to EEFCC relative to the account(s) as provided for under the Master Deed with Declaration of Restrictions.

4.7. In the event that EEFCC will be compelled to initiate court actions to enforce payment, the party in violation will pay the costs of suit and attorney’s fees in the amount which shall in no case be less than
P120,000.00.

4.8. Failure to pay, settle or remit to EEFCC any dues and other assessment approved by the Board of Directors will entitle EEFCC to exercise any of the following remedies:

4.8.1. To file and cause the annotation of an adverse claim on the title or certificate with the appropriate Registry of Deeds in order to constitute a lien on the property or unit to which it pertains.

4.8.2. To disconnect, suspend or sever the delivery of utilities and other building services to the unit which include (but are not limited to) the following:

4.8.2.1. Suspension of privileges in the use of the
compound’s facilities and amenities;

4.8.2.2. Posting of names of Unit Owners and/or tenants with delinquent accounts in bulletin boards;

4.8.2.3. Suspension of utilities (such as water and power) delivery to the unit;

4.8.2.4. Suspension of various administrative services
such as janitorial and maintenance services, mail
delivery, services of Administrative Assistants, etc.

4.8.3 All payments should be made in check payable to the EEFCC.

4.8.4. To exercise all other rights granted by law, the Master Deed with Declaration of Restrictions, the Corporate House Rules and Regulations, or the House Rules and Regulations for the collection and enforcement of the said dues and assessments.


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