Time stamp:

-00:00 - 0010: Republic Act No. 4726

An Act to Define Condominium, Establish
requirements for its Creation, and Govern its
Incidents

-00:10 - 00:14: The Condominium Act of the

Philippines

-00:19: Alyssa

-00:27 something - 00:43:

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What is a Condominium?

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.

-00:53 - 01:05:
What forms part of a condominium unit?
Everything within the boundaries of your unit,
the interior surfaces of the perimeter walls,
floors, ceilings, windows, and doors form the
boundary of your unit.

-1:15 -1:25
Foreign ownership
-1:18 - 1:25
40%

- 1:22 - 1:25:
Filipino owned and controlled corporation

-1:29 - 1:50:
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-Right of absolute ownership over his unit
-Right of exclusive easement of the space of
his unit
-Right to repair, paint, decorate the interior of
his unit
-Right to sell, mortgage, or lease his unit
-Right of co-ownership of land and common
areas
-Right of non-exclusive easement to common
areas for ingress or egress;
-Right to participate and vote in condominium
corporation meetings.

-1:57 - 2-04
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Common Areas
walls, floors, roofs, foundation and other
common structural elements of the building
and areas of common use

- 2:08 - 2:12
Titles to the common areas are held by a
corporating formed by the purpose.
-2:14 -2:20
Common areas are held in common by unit
holders.

2:20 - 2:36
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Master Deed

2:36 - 2:53
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Declaration of Restriction