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The short title of this Act shall be "The Condominium Act". Section 2. A condominium is an interest in real property consisting of separate interest in a unit in a residential, industrial or commercial building and an undivided interest in common, directly or indirectly, in the land on which it is located and in other common areas of the building.
AN ACT TO DEFINE CONDOMINIUM, ESTABLISH REQUIREMENTS FOR ITS CREATION, AND GOVERN ITS INCIDENTS. Be it enacted by the Semite and House of Representatives of the Philippines in Congress assembled: SECTION 1. The short title of this Act shall be "The Condominium Act". SEC.
Apr 27, 2012 · AN ACT TO DEFINE CONDOMINIM, ESTABLISH REQUIREMENTS FOR ITS CREATION, AND GOVERN ITS INCIDENTS. SECTION 1. The short title of this Act shall be The Condominium Act. SECTION 2.
By understanding the Philippine Condominium Act, you will gain valuable insights into the legal framework that governs condominium projects, the rights and responsibilities of unit owners, the role of condominium corporations, and the regulations imposed on developers.
Dec 21, 2018 · According to the Condominium Act of the Philippines, Filipino citizens and corporations can own condominiums. Foreigners, however, are restricted to owning no more than 40 percent of a corporation’s total and outstanding capital stock, which must be Filipino-owned and controlled.
The State shall, by law and for the common good, undertake, in cooperation with the private sector, a continuing program of housing and urban development which shall make available at affordable cost, decent housing and basic services to underprivileged and homeless citizens in urban centers and resettlement areas.
AN ACT TO DEFINE CONDOMINIUM, ESTABLISH REQUIREMENTS FOR ITS CREATION AND GOVERNMENT OF ITS INCIDENTS. SECTION 1. The short title of this Act shall be “The Condominium Act”. Sec. 2.
