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Real Estate Performance Review for Philippines

Real Estate Performance Review Template for Philippines

This document establishes the framework for conducting comprehensive performance reviews of real estate properties in the Philippines, in compliance with local real estate laws and regulations including the Real Estate Service Act (RESA) and relevant provisions of the Civil Code of the Philippines. It outlines the methodology for evaluating property performance across various metrics including operational efficiency, maintenance standards, financial performance, tenant satisfaction, and regulatory compliance. The document provides structured guidelines for assessment, reporting requirements, and remedial action procedures while considering Philippine-specific property management standards and local market conditions.

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What is a Real Estate Performance Review?

The Real Estate Performance Review is a crucial document used in the Philippine real estate sector to assess and document the performance of property assets against predetermined criteria and standards. This document becomes necessary when property owners, investors, or management companies need to conduct systematic evaluations of real estate assets for various purposes including investment analysis, operational improvement, or regulatory compliance. It is structured to comply with Philippine real estate laws, including the Real Estate Service Act (RESA) and local property regulations, while incorporating international best practices in property performance assessment. The document typically includes comprehensive evaluation criteria, measurement methodologies, reporting requirements, and improvement recommendations, making it essential for property management decisions and strategic planning in the Philippine real estate market.

What sections should be included in a Real Estate Performance Review?

1. Parties: Identification of the property owner, management company, evaluator, and other relevant parties

2. Background: Context of the performance review, including property details and purpose of the evaluation

3. Definitions: Key terms used throughout the document, including performance metrics and technical terminology

4. Scope of Review: Detailed outline of what aspects of the property will be evaluated and the evaluation period

5. Performance Metrics: Definition of key performance indicators (KPIs) and measurement criteria

6. Evaluation Methodology: Detailed description of how the performance review will be conducted and measured

7. Reporting Requirements: Specification of how results will be documented and communicated

8. Timeline and Frequency: Schedule of evaluations and deadlines for report submissions

9. Compliance Requirements: Reference to relevant Philippine laws and regulations that must be considered in the evaluation

10. Remedial Actions: Process for addressing identified performance issues or deficiencies

11. Confidentiality: Terms regarding the handling and disclosure of performance review information

12. Governing Law: Specification of Philippine law application and jurisdiction

What sections are optional to include in a Real Estate Performance Review?

1. Environmental Performance: For properties where environmental impact is a significant concern, including green building certifications

2. Tenant Satisfaction Metrics: For leased properties, including measurement of tenant satisfaction and retention

3. Building Systems Analysis: For complex commercial properties with significant mechanical/electrical systems

4. Security Performance: For properties requiring enhanced security measures and monitoring

5. Cost Analysis: For reviews that include financial performance metrics

6. Comparative Market Analysis: For properties where market positioning is important

7. Emergency Response Evaluation: For properties in high-risk areas or with specific safety requirements

8. Sustainability Metrics: For properties pursuing green initiatives or sustainability certifications

What schedules should be included in a Real Estate Performance Review?

1. Schedule A - Property Details: Comprehensive description of the property, including physical characteristics and systems

2. Schedule B - Performance Metrics Framework: Detailed breakdown of all KPIs and their calculation methodologies

3. Schedule C - Evaluation Forms: Standard forms and checklists used in the performance review process

4. Schedule D - Historical Performance Data: Previous performance records and trending analysis

5. Schedule E - Compliance Certificates: Copies of relevant permits, certificates, and compliance documents

6. Appendix 1 - Photographic Documentation: Visual evidence of property condition and notable features

7. Appendix 2 - Building Plans: Relevant architectural and engineering drawings

8. Appendix 3 - Maintenance Records: Documentation of maintenance activities and repairs

9. Appendix 4 - Incident Reports: Records of any significant events or issues during the review period

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions





































Clauses
































Relevant Industries

Real Estate

Property Management

Commercial Property

Residential Property

Industrial Property

Retail Property

Hospitality

Healthcare Facilities

Educational Facilities

Mixed-Use Development

Relevant Teams

Operations

Facilities Management

Asset Management

Property Management

Compliance

Real Estate

Quality Assurance

Maintenance

Investment Analysis

Sustainability

Risk Management

Legal

Finance

Building Services

Portfolio Management

Relevant Roles

Property Manager

Facility Manager

Real Estate Asset Manager

Building Operations Manager

Performance Evaluation Specialist

Real Estate Investment Analyst

Property Development Manager

Compliance Officer

Sustainability Manager

Building Services Engineer

Real Estate Portfolio Manager

Maintenance Supervisor

Quality Assurance Manager

Real Estate Consultant

Operations Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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