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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
The price ceiling for Economic housing is PHP1,500,000 according to Department Order No. 2022.003.
The price ceiling for Economic housing is PHP1,500,000 according to Department Order No. 2022.003.
False
The current price ceiling for socialized condominium projects is PHP1,500,000 according to HUDCC 2018.
The current price ceiling for socialized condominium projects is PHP1,500,000 according to HUDCC 2018.
False
The Republic Act No. 4726 is also known as the Condominium Act.
The Republic Act No. 4726 is also known as the Condominium Act.
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A Midrise is a type of Commercial subdivision project.
A Midrise is a type of Commercial subdivision project.
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Farm Lot is a type of Industrial subdivision project.
Farm Lot is a type of Industrial subdivision project.
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A commercial subdivision can only be registered under Presidential Decree number 1529.
A commercial subdivision can only be registered under Presidential Decree number 1529.
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The minimum lot area of a Farmlot subdivision is 500 m².
The minimum lot area of a Farmlot subdivision is 500 m².
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A Columbarium is a public or private land used for the burial of dead and other similar uses.
A Columbarium is a public or private land used for the burial of dead and other similar uses.
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The price ceiling for socialized housing subdivision projects set by HUDCC Resolution Number One Series of 2018 is 1,000,000 with a minimum floor area of 25 square meters.
The price ceiling for socialized housing subdivision projects set by HUDCC Resolution Number One Series of 2018 is 1,000,000 with a minimum floor area of 25 square meters.
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A Memorial park is a public or private land used for the burial of dead and other similar uses.
A Memorial park is a public or private land used for the burial of dead and other similar uses.
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A condominium project refers to a tract or a parcel of land registered under Act Number 496 as amended by Presidential Decree number 1529.
A condominium project refers to a tract or a parcel of land registered under Act Number 496 as amended by Presidential Decree number 1529.
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A condominium may include a separate interest in other portions of the real property, but not in the land on which it is located.
A condominium may include a separate interest in other portions of the real property, but not in the land on which it is located.
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Title to the common areas, including the land, can be held by individual owners separately.
Title to the common areas, including the land, can be held by individual owners separately.
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Shares in the Condominium Corporation are proportionate to the unit's size.
Shares in the Condominium Corporation are proportionate to the unit's size.
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The real right in a condominium can only be ownership.
The real right in a condominium can only be ownership.
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A project refers to a single unit in a condominium building.
A project refers to a single unit in a condominium building.
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Common areas include all units separately granted or held or reserved.
Common areas include all units separately granted or held or reserved.
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The Master Deed is required to be recorded in the Register of Deeds of the province or city where the property lies.
The Master Deed is required to be recorded in the Register of Deeds of the province or city where the property lies.
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A Master Deed is not required to contain a description of the common areas and facilities.
A Master Deed is not required to contain a description of the common areas and facilities.
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A Subdivision project is primarily used for commercial purposes.
A Subdivision project is primarily used for commercial purposes.
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The Master Deed must be signed by the purchasers of the condominium units.
The Master Deed must be signed by the purchasers of the condominium units.
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