Condominiums
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Questions and Answers

Which of the following is NOT a characteristic of a resort?

  • Club houses
  • Beaches
  • Golf course
  • Shopping malls (correct)

    • What is the maximum height of a low-rise building in the Philippines?

  • 18.00 meters
  • 3.00 meters
  • 15.00 meters (correct)
  • 45.00 meters

    • Which type of condo unit is recommended for single dwellers and couples?

  • 1-Bedroom unit
  • 2-Bedroom unit
  • Studio unit (correct)
  • 3-Bedroom unit

    • What is the minimum number of bedrooms in a bedroom unit?

    <p>One</p> Signup and view all the answers

    What is a characteristic of a loft condo unit?

    <p>Open loft bedroom</p> Signup and view all the answers

    Where are penthouses typically located in a condo building?

    <p>Uppermost floor</p> Signup and view all the answers

    What is one advantage of owning a condominium unit?

    <p>Exclusive ownership of unit</p> Signup and view all the answers

    What does co-ownership of undivided common areas and facilities involve?

    <p>Sharing ownership</p> Signup and view all the answers

    What is a benefit of living in a condominium unit?

    <p>Better security</p> Signup and view all the answers

    Why is accessibility to the amenities of the city mentioned as a benefit of owning a condominium unit?

    <p>To save time and money</p> Signup and view all the answers

    Which of the following best describes a condominium?

    <p>A building or group of buildings where units are individually owned and common areas are owned by all owners</p> Signup and view all the answers

    What is the purpose of a condominium corporation?

    <p>To administer and maintain the common areas of a condominium building</p> Signup and view all the answers

    What is the difference between a vertical condominium and a horizontal condominium?

    <p>Vertical condominium refers to a building while horizontal condominium refers to a subdivision or townhouse project</p> Signup and view all the answers

    Which type of condominium project is used for dwelling or habitation purposes?

    <p>Residential</p> Signup and view all the answers

    What type of condominium project is used for factories or warehouses?

    <p>Industrial</p> Signup and view all the answers

    Which type of condominium project is used for offices, stores, and restaurants?

    <p>Commercial</p> Signup and view all the answers

    What is the main reason for the development of condominium housing?

    <p>Limited land space</p> Signup and view all the answers

    What does a tenant in a complex of multiple dwelling units hold ownership rights to?

    <p>Their unit and joint ownership in the common grounds or areas</p> Signup and view all the answers

    What does a condominium owner have absolute ownership of?

    <p>A unit in a building</p> Signup and view all the answers

    What is the ownership structure in a condominium?

    <p>Individually owned units and joint or common ownership in the common areas</p> Signup and view all the answers

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