Condo Concepts / Documentation & Registration

10 Questions | Total Attempts: 478

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Documentation Quizzes & Trivia

QUESTIONNAIRE ABOUT CONDOMINIUM CONCEPTS, DOCUMENTATION & REGISTRATION


Questions and Answers
  • 1. 
    PRINCIPAL PURPOSE OF THE CONDOMINIUM CORPORATION:
    • A. 

      TO HOLD TITLE TO THE LAND

    • B. 

      TO ACT AS MANAGEMENT BODY OF THE CONDOMINIUM PROJECT

    • C. 

      TO ENSURE THAT THE ARTICLES AND BY-LAWS OF THE CONDOMINIUM CORPORATION SHALL NOT CONFLICT WITH THE MASTER DEED

    • D. 

      ALL OF THE ABOVE

  • 2. 
    THE INTEREST BASED ON THE FLOOR AREA OF OWNERSHIP IS ARRIVED AT BY:
    • A. 

      MULTIPLYING THE UNIT AREA BY THE TOTAL AREA OF ALL THE CONDOMINIUM UNITS

    • B. 

      DIVIDING THE UNIT AREA BY THE TOTAL AREA OF ALL THE CONDOMINIUM UNITS

    • C. 

      SUBTRACTING THE UNIT AREA BY THE TOTAL AREA OF ALL THE CONDOMINIUM UNITS

    • D. 

      NONE OF THE ABOVE

  • 3. 
    BUILDING PLANS ARE SUBMITTED TO ASSESSOR'S OFFICE TO OBTAIN:
    • A. 

      TAX DECLARATION

    • B. 

      TITLE

    • C. 

      SURVEY MAP

    • D. 

      TAX CLEARANCE

  • 4. 
    AMENDMENT OR REVOCATION OF MASTER DEED ALREADY DECIDED BY A MAJORITY OF ALL REGISTERED OWNERS SHALL BE SUBMITTED TO ________________ FOR APPROVAL BEFORE IT CAN BE REGISTERED:
    • A. 

      HLURB

    • B. 

      HLURB AND CITY/MUNICIPAL ENGINEER

    • C. 

      CITY/MUNICIPAL ENGINEER

    • D. 

      REGISTRY OF DEEDS

  • 5. 
    CONDOMINIUM UNIT OWNER HAS NO RIGHT TO SELL, LEASE OR MORTGAGE HIS/HER UNIT
    • A. 

      TRUE

    • B. 

      FALSE

    • C. 

      CASE TO CASE

    • D. 

      NONE OF THE ABOVE

  • 6. 
    IS A SPACE ENCOMPASSED BY THE INTERIOR SURFACE OF THE FLOOR, CALLING WALLS AND EXTERIOR DOORS AND WINDOWS WHICH IS SUSCEPTIBLE OF INDEPENDENT USE AND OWNERSHIP:
    • A. 

      PARKING AREA

    • B. 

      COMMON AREA

    • C. 

      HALLWAY

    • D. 

      CONDOMINIUM UNIT

  • 7. 
    REFER TO THE WEIGHT BEARING STRUCTURE, SERVICE AREAS, UTILITIES, FACILITIES, AND AMENITIES:
    • A. 

      PARKING AREA

    • B. 

      COMMON AREA

    • C. 

      HALLWAY

    • D. 

      CONDOMINIUM UNIT

  • 8. 
    PERCENTAGE OF OWNERSHIP OF ALIEN LEGALLY ALLOWED IN THE CONDOMINIUM CONCEPT:
    • A. 

      40%

    • B. 

      45%

    • C. 

      30%

    • D. 

      20%

  • 9. 
    ADVANTAGES OF THE CONDOMINIUM CONCEPT:
    • A. 

      MULTIPLIES SALEABLE OR RENTABLE FLOOR AREAS BY AS MANY STOREYS BUILT

    • B. 

      FACILITIES, UTILITIES, AMENITIES AND SERVICES WILL COST LESS TO BUILD AND MAINTAIN

    • C. 

      ECONOMY IN LAND SPACE

    • D. 

      ALL OF THE ABOVE

  • 10. 
    THE MASTER DEED IS REGISTERED WITH:
    • A. 

      ASSESSOR'S OFFICE

    • B. 

      BIR

    • C. 

      REGISTRY OF DEEDS

    • D. 

      HLURB