Navigating Condominium Corporation

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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?

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?

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?

Co-terminous with the duration of the condominium project Signup and view all the answers

Can a condominium corporation sell the common areas without authorization?

No, it cannot sell the common areas without authorization Signup and view all the answers

Can the common areas be divided or partitioned?

No, the common areas cannot be divided or partitioned Signup and view all the answers

Who holds the title to the common areas?

A corporation specially formed for the purpose Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

Who is responsible for the maintenance of the Apartments' electrical supply system?

The respondent Signup and view all the answers

Based on the text, which court dismissed the respondent's complaint for lack of merit?

Regional Trial Court Signup and view all the answers

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 Signup and view all the answers

What is the extent of interest in common areas for unit owners in the absence of any provision in the Master Deed?

Equal sharing Signup and view all the answers

Which of the following is a valid reason for the termination of a condominium project?

The conditions for partition by sale have been met Signup and view all the answers

What is a Deed of Restriction?

A document that outlines the rules and regulations of a condominium project Signup and view all the answers

What are the obligations of a condominium unit owner?

Payment of dues and assessments and sharing the insurance of the common areas Signup and view all the answers

What is a condominium corporation?

A corporation that consists of the owners of the units in a condominium Signup and view all the answers