18 Questions
According to RA 4726, when is the organization of a Condominium Corporation mandatory?
If some units, not to exceed 40%, will be sold to foreigners
According to RA 4726, what is the main purpose of a Condominium Corporation?
To hold title to the land
According to RA 4726, what happens in case of conflict between the provisions of the Articles of Incorporation and the Master Deed?
The Master Deed prevails
According to RA 4726, how long is the life of a Condominium Corporation?
Co-terminous with the duration of the condominium project
Can a condominium corporation sell the common areas without authorization?
No, it cannot sell the common areas without authorization
Can the common areas be divided or partitioned?
No, the common areas cannot be divided or partitioned
Who holds the title to the common areas?
A corporation specially formed for the purpose
Under what circumstances can a condominium unit owner exercise the right to repair, paint, or redecorate the interior surface of their unit?
If the unit owner has owned the unit for at least three years
What is the ownership status of a condominium unit owner in relation to the land and common areas?
Co-ownership of the land and common areas in proportion to the unit(s) owned
In what scenarios can a partition of a condominium be permitted?
If damage or destruction has rendered one-half or more of the units untenantable and the majority of condominium owners oppose repair or restoration
Who is responsible for the maintenance of the Apartments' electrical supply system?
The respondent
Based on the text, which court dismissed the respondent's complaint for lack of merit?
Regional Trial Court
Why did the Court of Appeals reverse the decision of the trial court?
The appellate court concluded that charges for the electrical main panel repair cannot be for respondent's account
What is the extent of interest in common areas for unit owners in the absence of any provision in the Master Deed?
Equal sharing
Which of the following is a valid reason for the termination of a condominium project?
The conditions for partition by sale have been met
What is a Deed of Restriction?
A document that outlines the rules and regulations of a condominium project
What are the obligations of a condominium unit owner?
Payment of dues and assessments and sharing the insurance of the common areas
What is a condominium corporation?
A corporation that consists of the owners of the units in a condominium
Test your knowledge on the necessity of creating a Condominium Corporation. Learn about the mandatory requirements if units are sold to foreigners and the transfer of title to comply with legal regulations.
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