Condominiums

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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?

One Signup and view all the answers

What is a characteristic of a loft condo unit?

Open loft bedroom Signup and view all the answers

Where are penthouses typically located in a condo building?

Uppermost floor Signup and view all the answers

What is one advantage of owning a condominium unit?

Exclusive ownership of unit Signup and view all the answers

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

Sharing ownership Signup and view all the answers

What is a benefit of living in a condominium unit?

Better security Signup and view all the answers

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

To save time and money Signup and view all the answers

Which of the following best describes a condominium?

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

What is the purpose of a condominium corporation?

To administer and maintain the common areas of a condominium building Signup and view all the answers

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

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

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

Residential Signup and view all the answers

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

Industrial Signup and view all the answers

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

Commercial Signup and view all the answers

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

Limited land space Signup and view all the answers

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

Their unit and joint ownership in the common grounds or areas Signup and view all the answers

What does a condominium owner have absolute ownership of?

A unit in a building Signup and view all the answers

What is the ownership structure in a condominium?

Individually owned units and joint or common ownership in the common areas Signup and view all the answers