Subdivision and Condominium Buyers' Protective Decree

The governing law for the protection of buyers who are buying residential condominium
units on installment basis is referred to as

Equal share
Absent any provision in the Master Deed, the share of unit owners in the common areas
shall be

Provision for Management body of the project

In general, it is not considered part of the Master Deed of a condominium project
-
(a. Land on where the project is located
b. Number of buildings and stories per building
c. Provision for Management body of the project
d. Extent of share in the common areas)

Coterminus with the life of the project

The condominium corporation has a term of existence under the law for a period up to

40% of the units

Ownership of foreigners in a townhouse project located in the city is limited to
Condominium Certificate of Title

Condominium unit
It is regarded as an interest in real property consisting of a separate
interest in a unit in a building and an undivided interest in common in
the land on which it is located and in other common areas

Based on the number of bedrooms per unit

The following is not used as a measure of the interest in the common area by a condo
unit owner
-
(a. Equal share
b. Based on Floor area of their unit
c. Based on value of their unit
d. Based on the number of bedrooms per unit)

Condominium house rules and regulations

The following is not part of the Master Deed of a condominium project
(a. Amenities and facilities per condo building
b. Number of buildings and stories per building
c. Condominium house rules and regulations
d. Extent of share in the common areas)

At least one foreigner owns a unit

The condominium corporation formation is required in case