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