Subdivision and Condominium condominium units, including all buyer's Protective Decree structures thereon. (as amended by P.D. 1216) Condominium unit. - a part of the condominium project intended for Person. - natural or a juridical any type of independent use or person. ownership, including one or more rooms or spaces located in one Juridical person- refers to a or more floors (or part of parts of business firm whether a corporation, floors) in a building or buildings partnership, cooperative or and such accessories as may be associations or a single appended thereto. proprietorship. Owner. - registered owner of the Sale or sell. - include every land disposition, or subject of a subdivision or a attempt to dispose, for a valuable condominium project. consideration, of a subdivision lot, including the building and other Developer. - mean the person who improvements thereof, if any, develops or in a subdivision project or a improves the subdivision project or condominium unit in a condominium condominium project for and project. in behalf of the owner thereof.
Buy and purchase. - include any Dealer. - any person directly
contract to buy, purchase, or engaged as otherwise acquire for a valuable principal in the business of buying, consideration a subdivision lot, selling or exchanging real including the building and other estate whether on a full-time or part- Improvements. time basis.
Subdivision project. - a tract or a Broker. - any person who, for
parcel of land registered under Act commission or No. 496 which is partitioned other compensation, undertakes to primarily for residential purposes into sell or negotiate the sale of a individual lots with or real estate belonging to another. without improvements thereon, and offered to the public for sale, Salesman. - person regularly in cash or in installment terms. employed by a broker to perform, for and in his behalf, any or all Complex subdivision plan. - functions of a real estate broker. mean a subdivision plan of a registered land wherein a street, National Housing Authority- have passageway or open space is exclusive jurisdiction to regulate the delineated on the plan. real estate trade and business in accordance with the provisions of Condominium project. - the this Decree. entire parcel of real property divided or to be divided primarily for