Condo Concepts / Documentation & Registration
QUESTIONNAIRE ABOUT CONDOMINIUM CONCEPTS, DOCUMENTATION & REGISTRATION
- 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
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