Enhanced Condominium Concepts Review - 20210501

1 - You can't sell just your condo unit. You also need to include the sale of your condo
unit's share in the undivided areas (Common Areas) such as the amenities.

2 - The share in the common areas, by unit owners in a residential condominium shall be
based on a Per Unit Basis. For example, if you own 1 residential condo unit and there are
100 residential condo units, your share in common areas shall be 1/100 or 1%.

3 - Selling a condo unit to a foreign buyer? The sale should not exceed the allowed
percentage for foreigner allotment (40% of units).

4 - Evidence of ownership of your condo unit - Condominium Certificate of Title (CCT)

5 - Ownership of foreigners in a condominium located in the city - Maximum of 40% of

the units.

6 - Condo buyer does not want to be a shareholder of the Condominium Corporation?

Buyer has no choice because the law makes every condo unit owner an automatic
member/shareholder of the Condominium Corporation.

7 - You can sell your condo unit to anyone... well, almost anyone. Check the Master Deed if
there's a provision for the right of first refusal, meaning you may have to check first if
any other condo unit owner (e.g., your condo neighbor) may want to buy your condo unit.

8 - Ownership of Filipinos in a residential condominium project - At least 60% of the

units (because foreigners are allowed up to a maximum of 40% of the units).

9 - The following is NOT used as a measure of the interest in the common area by a
commercial condominium unit owner:
(NOTE - In some exams, the word NOT is not highlighted.)
a. Based on the Floor area of their unit - nope, it should be based on Number of Units.
b. Based on the value of their unit - nope, it should be based on Number of Units.
c. Based on the number of bedrooms per unit - nope, it should be based on Number of
Units
d. All of the above - Choices a, b, and c are all NOT used as a measure of the interest (or
way of computing percentage share in the common area) in the common area by a
commercial condominium unit owner.
10 - The condominium corporation may be dissolved in a general or special meeting duly
called for the purpose (of dissolution) by affirmative vote of - Simple majority of the
condo members (see Amendment of RA 4726 by RA 7899)

11 - Condominium Unit - referred to as the space encompassed by the interior surface of

the floor, ceiling, walls, and exterior doors and windows, which is susceptible of
independent use and ownership.

12 - The condominium corporation or management body of the condominium project

does not pay for the realty taxes of the unit owner (RPT payment is the responsibility of
the unit owner).

13 - Mixed-use condominiums (partly residential, partly commercial) - Share of common

area is based on Per Unit Floor Area - get the floor area of your condo unit, divide by the
total floor area owned by all condo unit owners.

14 - A condo unit owner does not have the right to sell the condominium project -
because the project has Undivided Common Areas; you need the consent of the other
condo unit owners.

15 - The condominium project management body is not allowed to constitute a

Management Agent setup by HLURB/DHSUD. The condo project management body is
allowed to constitute a Homeowner's Association, Board of Governors elected by the
condo owners, and a Condominium Corporation.

16 - Common Areas - part of the condominium project which are not subject to the
exclusive use of any one or group of owners.

17 - Condominium Structure - refers to the weight-bearing walls, columns and beams,

stairways, halls, elevators, including the electrical, water and plumbing systems and
amenities in a condominium project.

18 - Before you can register the sale of your condo unit, you must first get from the
Condominium Corporation a document proving Clearance for Condominium Dues (To-
do: Find out what "register the sale" means)

19 - If you own a condominium and want to revoke the master deed, you should not send
out a memo and enforce the master deed amendments as you wish. You're not the
sole owner, after all. You'll still need to get the majority of the other owners to agree to the
amendments you want. You'll also need to register an instrument executed by the simple
majority of the registered owners of the property. Plus, you need to secure final approval
from the HLURB/DHSUD.

20 - Deed of Restrictions/Master Deed - the most important document needed by those

buying a condo unit, that serves as the guidelines regarding ownership.

21 - If you own a commercial condominium unit, amendments to the Master Deed will
require majority of the owners based on Per Unit Ownership. This assumes that this is a
purely commercial condo. If it were mixed commercial/residential, majority will be based
on per unit floor area.

22 - Evidence of the vote of a simple majority should be submitted to HLURB/DHSUD.

23 - Condominium Act (???) - governing law for the protection of buyers who are buying
residential condominium units on installment basis. [Shouldn't this refer to the Subdivision
and Condominium Buyers Protective Decree or PD 957?) The suggested answer of
Condominium Act is debatable.

24 - Common Areas - refers to the entire project, except all units separately granted or
held or reserved.

25 - The master deed or Deed of Restrictions shall NOT contain restrictions contrary to
law, morals or public policy. It should contain, rather, the Description of land and
buildings, Exact nature of the internet, common areas, title and appurtenances, and the
Registered holders of encumbrances.

26 - As stated in Section 8 and 13 of RA 4726, a condominium project can be subject to

dissolution if damage has rendered a material part of the project untenantable (actually,
the untenantable part is not a requirement of the number of years with no repair rule) and
the project still has not been rebuilt/repaired after 3 years. (NOTE: The law about the 3
years focuses on the non-repair of material damage. The sub-section on untenantable
areas is tied to the minimum 30% of the owners wishing to dissolve.)

27 - When to dissolve condo corporation if 1/2 or more of the total units is untenantable -
when at least 30% aggregate ownership of the common areas belongs to people
opposed to continuing the condo corp further.
28 - When to dissolve 50 year-old, obsolete, and uneconomic condo - when at least 50%
aggregate ownership of the common areas belongs to people opposed to continuing the
condo corp further.

29 - When to dissolve an expropriated condo - when at least 70% aggregate ownership of

the common areas belongs to people opposed to continuing the condo corp after
expropriation.

30 - A condominium project may be dissolved for ANY reason/condition - as long as that

condition is set forth in the declaration of restrictions duly registered in accordance
with the law. (Referring to Sections 8 or 13 of RA 4726 is not the best answer because
those Sections are quite specific. Neither is "As approved by HLURB/DHSUD the best
answer because it is unlikely that the HLURB will support ANY condition as the basis for
dissolution specially since the HLURB/DHSUD does not own the condominium project.)

31 - Coverage of Condo Association fees - maintenance and repair of the common areas
(repair of units is a separate fee; condo unit repair cost is not part of the Condo
Association fees). Other Condo Association Fees also cover the Real Property Tax of the
common areas, as well as the salaries of people who maintain/repair the common areas.

Other Condo Concepts Questions - #LamangAngMayAlam

Source - https://quizlet.com/83410513/condominium-flash-cards/

1 - A lot owner and developer may convert a property into a condominium project by
executing a legal document called [?] and registering the same with the [?].
MASTER DEED
REGISTER OF DEEDS

2 - Unless the condominium corporation is earlier dissolved, the life of a condominium

corporation is [?].
CO-TERMINUS WITH THE DURATION OF A CONDOMINIUM PROJECT

3 - The document which provides guidelines, rules and regulations regarding the rights of
condominium unit owners in the use, occupation, ownership and disposition of units is
called [?].
DECLARATION OF RESTRICTIONS
4 - The required number of vote of registered owners to authorize a condominium
corporation to sell, or otherwise dispose of the common areas in a condominium project is
[?].
SIMPLE MAJORITY

5 - Amendment to the master deed of a condominium project approved by majority of

registered majority of unit owners. Majority is based on:
A. Number of condominium units
B. Floor area of ownership
C. Total area of condominium units
D. Any of the above
E. None of the above
D - Any of the above

6 - A petition may be filed by one or more unit owners of condominium project when
damage to the project has rendered one-half or more of the units untenantable and unit
owners holding more than [?] percent interest in the common areas are opposed to repair
or restoration of the project:
30%

7 - When the interest of participation of condominium unit owners in the common area is
proportionate, the formula applied is:
A. Unit area divided by total area of the common area
B. Unit area divided by total area of all condominium units
C. Unit area divided by total area of all condominium units and common area
D. Unit area divided by total floor area of condominium building
E. None of the above
B. UNIT AREA DIVIDED BY TOTAL AREA OF ALL CONDOMINIUM UNITS

8 - In the absence of any provision in the master deed of a condominium project, the share
of the unit owners in the common area is:
A. Proportionate to his unit area
B. Based on the value of his unit
C. Equal to all other unit owners
D. Decided by the majority of owners
E. Determined by the condominium corporation
C. EQUAL TO ALL OTHER UNIT OWNERS
9 - In mixed use condominium projects, the master deed may be amended by simple
majority of the unit owners. Majority is based on:
A. Number of condominium units
B. Floor area of ownership
C. Total area of condominium units
D. Any of the above
B. FLOOR AREA OF OWNERSHIP

10 - Amendment to the master deed of a condominium project approved by majority of

the registered owners need also be approved by the city/municipal engineer and [?].
HLURB

11 - Traditional ownership is evidenced by [?].

TCT (???) - what is "traditional ownership"?

12 - For a space to be considered a condominium unit. It must:

A. Be encompassed by the interior surface of the wall, floors, ceiling
B. Be managed by a condominium corporation
C. Be susceptible of independent use and ownership
D. Be unencumbered by any restriction
C. BE SUSCEPTIBLE OF INDEPENDENT USE AND OWNERSHIP

13 - Per BIR 28-98, the ground floor of a condominium project shall be considered as
commercial and an additional rate shall be added to an established residential zonal
value.
A. Ten percent
B. Twenty percent
C. Twenty-five percent
D. Fifty percent
E. None of the above
B. TWENTY PERCENT

14 - [?] is sometimes referred to as vertical subdivision.

CONDOMINIUM

15 - Which of the following projects cannot be given Condominium Certificate of Title?

A. subdivision lots
B. industrial warehouse
C. two level rowhouse
D. one level rowhouse
E. none of the above
A. SUBDIVISION LOTS (Interesting! Why can the other choices be given a CCT?)

16 - Condominium Act.
A. RA 4727
B. RA 2774
C. RA 4726
D. RA 7427
E. none of the above
C. RA 4726 (Kelengen pe beng e-memerize 'yen?)

17 - Condominium Developers are mandated to form a:

A. cooperative
B. charitable organization
C. condominium corporation
D. homeowner association
E. social club
C. CONDOMINIUM CORPORATION

18 - *Enumerated are the advantages of Condominium Concept, which does not belong:
A. Easy to maintain
B. With CCT as proof of ownership
C. Enhances affordability
D. Economy in land space
E. Wider market for it can be sold to foreigner subject to limitation
B. WITH CCT AS PROOF OF OWNERSHIP (the others are Benefits)

19 - Any amendment to the master deed of a condominium project decided by the

majority of owners must be approved by the HLURB and [?].
CITY / MUNICIPAL ENGINEER

20 - Condominium title is also called as [?].

VERTICAL SUBDIVISION (and yet Subdivision Lots may not be given a CCT?)

21 - For the purpose of the ingress and egress, a condominium unit owner has [?] to the
common area.
NON-EXCLUSIVE EASEMENT (meron pa palang "Non-Exclusive")
22 - [?] percent of the units in a condominium project could be sold to foreigners/
balikbayans who are American Citizens.
40%

23 - The organization of a [?] is always mandatory in a condominium project.

CONDOMINUM CORPORATION

24 - [?] is a part of the condominium project intended for any type of independent use or
ownership.
UNIT

25 - Whenever the common areas in a Condominium Project are held by a Condominium

Corporation, such corporation shall constitute the [?] of the project.
MANAGEMENT BODY

26 - Statements defining the limitation of ownership of condominium unit which binds all
unit owners are called [?] and are registered with the [?].
DECLARATION OF RESTRICTIONS
REGISTRY OF DEEDS

27 - Refers to weight bearing walls, columns and beams, stairways, halls, elevators, etc.
A. condominium unit
B. cooperatives
C. condominium project
D. common areas
E. condominium
D. COMMON AREAS (weird answer - should be Condominium Structure. Still, among
the choices, it's the best because of the words "stairways, halls, elevators" Tricky
question! I hope we don't see both Common Areas and Condominium Structure
among the choices.)