Tag Archives: condominium housing association

Meralco’s Billing Deposit: Potential Headache for Condo Owners

Billing Deposits can be really messy if you don’t find a solution and fast.

After Mr. Cortez explained to New In The Market what this Meralco Billing Deposit is all about, he touched on some troubling matters that concerns condominium unit-owners whose Administrators handle all electrical bills for their residents.

Mr. Cortez’s uncle owns a condominium unit but the housing association administers his utility bills. He, Mr. Cortez’s uncle, was now being asked to pay for the Meralco Billing Deposit that the condo association is asking for.

Now before we dive into this situation, I want to ask our readers these seemingly simple questions:

  1. Should Mr. Cortez pay the Billing Deposit? He should because that is the law, right?
  2. Now, what about the refund that Meralco gives after three years if the condo association pay their bills on time? Will he and each of his neighbors get such refund as a benefit to this kind of arrangement?

That’s the BIG “???”

At this point, the reality is the housing association is the only one directly dealing with Meralco. Now, if and when the condo admin gets any thing in return, residents won’t have any way of knowing it.

We won’t have any problem if the housing association is honorable, above board, and above reproach but that is not always the case.

Unfortunately, no news wires are dabbling on this situation so I am volunteering two possible solutions to address this:

  1. Meralco publishes – online or in broadsheets – condo association or companies that will get refund out of Billing Deposits. This will give more residents the information and make housing associations accountable to such refunds.
  2. Since creating an internal system can be problematic and stressful, Housing Associations should pass a resolution that residents will vote on and agree where the refunded money will go to: Will it be to charity? Will it be to infrastructure projects that will improve conditions of the condominium they all live in? Will it be equally distributed according to the size of the condominium owners are living in?

There aren’t easy answers but Meralco is staring all of its customers in the face and are asking you – with the law on their side – to pay this (what others call, diabolical) Billing Deposit. We need solutions, we need to act fast, and we need to make Meralco accountable for this belated notice after this.

If you have more ideas on how to address this, drop me a note and we will add your name and solution to help others get through with this. Besides, it is in solutions we thrive, not in pointing the blame.