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Questions and Answers
A condominium may include a separate interest in the land on which it is located only.
A condominium may include a separate interest in the land on which it is located only.
False (B)
The price ceiling for economic housing is PHP 1,500,000.
The price ceiling for economic housing is PHP 1,500,000.
False (B)
A simple subdivision is a partitioning of a parcel of land with streets and open spaces.
A simple subdivision is a partitioning of a parcel of land with streets and open spaces.
False (B)
The Condominium Act was established on June 18, 1967.
The Condominium Act was established on June 18, 1967.
Socialized housing is a type of condominium.
Socialized housing is a type of condominium.
A condominium is an interest in real property consisting of only an undivided interest in common areas of the building.
A condominium is an interest in real property consisting of only an undivided interest in common areas of the building.
The holders of separate interest in a condominium automatically become members of the condominium corporation.
The holders of separate interest in a condominium automatically become members of the condominium corporation.
A condominium corporation is not required to be formed for the purpose of holding title to the common areas.
A condominium corporation is not required to be formed for the purpose of holding title to the common areas.
The concept of condominium only applies to residential buildings.
The concept of condominium only applies to residential buildings.
The project referred to in the condominium context includes all structures and accessories.
The project referred to in the condominium context includes all structures and accessories.
The common areas in a condominium project refer to the individual units separately granted or held or reserved.
The common areas in a condominium project refer to the individual units separately granted or held or reserved.
An enabling or master deed is not required to be recorded in the Register of Deeds for a condominium project.
An enabling or master deed is not required to be recorded in the Register of Deeds for a condominium project.
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