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Questions and Answers
According to RA 4726, when is the organization of a Condominium Corporation mandatory?
According to RA 4726, when is the organization of a Condominium Corporation mandatory?
- If all units will be sold to foreigners
- If no unit will be sold to Foreigners
- If some units, not to exceed 40%, will be sold to foreigners (correct)
- If at least 60% of the capital or membership is Filipino
According to RA 4726, what is the main purpose of a Condominium Corporation?
According to RA 4726, what is the main purpose of a Condominium Corporation?
- To manage the common areas
- To dissolve the corporation
- To hold title to the land (correct)
- To sell separate interests in the project
According to RA 4726, what happens in case of conflict between the provisions of the Articles of Incorporation and the Master Deed?
According to RA 4726, what happens in case of conflict between the provisions of the Articles of Incorporation and the Master Deed?
- The Articles of Incorporation prevail
- Both documents are nullified
- The conflict is resolved in court
- The Master Deed prevails (correct)
According to RA 4726, how long is the life of a Condominium Corporation?
According to RA 4726, how long is the life of a Condominium Corporation?
Can a condominium corporation sell the common areas without authorization?
Can a condominium corporation sell the common areas without authorization?
Can the common areas be divided or partitioned?
Can the common areas be divided or partitioned?
Who holds the title to the common areas?
Who holds the title to the common areas?
Under what circumstances can a condominium unit owner exercise the right to repair, paint, or redecorate the interior surface of their unit?
Under what circumstances can a condominium unit owner exercise the right to repair, paint, or redecorate the interior surface of their unit?
What is the ownership status of a condominium unit owner in relation to the land and common areas?
What is the ownership status of a condominium unit owner in relation to the land and common areas?
In what scenarios can a partition of a condominium be permitted?
In what scenarios can a partition of a condominium be permitted?
Who is responsible for the maintenance of the Apartments' electrical supply system?
Who is responsible for the maintenance of the Apartments' electrical supply system?
Based on the text, which court dismissed the respondent's complaint for lack of merit?
Based on the text, which court dismissed the respondent's complaint for lack of merit?
Why did the Court of Appeals reverse the decision of the trial court?
Why did the Court of Appeals reverse the decision of the trial court?
What is the extent of interest in common areas for unit owners in the absence of any provision in the Master Deed?
What is the extent of interest in common areas for unit owners in the absence of any provision in the Master Deed?
Which of the following is a valid reason for the termination of a condominium project?
Which of the following is a valid reason for the termination of a condominium project?
What is a Deed of Restriction?
What is a Deed of Restriction?
What are the obligations of a condominium unit owner?
What are the obligations of a condominium unit owner?
What is a condominium corporation?
What is a condominium corporation?
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