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6 Σεπ 2024 · The HLURB (Housing and Land Use Regulatory Board) in the Philippines regulates the country’s housing and land use development. It ensures the implementation of land use plans, approval of subdivision and condominium projects, and resolution of related disputes.
Concept and Definition of a Condominium. Legal Definition of a Condominium. A condominium, as defined under the Philippine Condominium Act (RA 4726), is a type of property ownership where an individual owns a unit within a larger building or complex.
Which government agency oversees the organization of homeowners associations? Who gives out licenses to sell condominium units? Which board ascertains the stability of a housing project? Who should mediate when it comes to land conflicts? HLURB takes care of all of these, and more.
28 Απρ 2018 · (b) “Unit” means a part of the condominium project intended for any type of independent use or ownership, including one or more rooms or spaces located in one or more floors (or part or parts of floors) in a building or buildings and such accessories as may be appended thereto.
21 Δεκ 2018 · Tips and Advice. 15 Things You Need to Know about the Condominium Act. December 21, 2018. Table of Contents. 1. What is a condominium? 2. Who can own condominiums? 3. Who can own condominium units? 4. What is my stake in a condominium? 5. What forms part of a condominium unit? 6. Am I allowed to alter anything beyond the boundaries of my unit? 7.
The development of and ownership of units in condominium projects are governed by Republic Act No. 4726 or the Condominium Act. Lease of private land by foreign investors is governed by the Foreign Investors’ Lease Act.
3 Μαΐ 2023 · Republic Act No. 4726, or the Condominium Act of the Philippines, is a law about the creation and registration of condominiums, ownership eligibility of land, condos, and condo units, and the rights and responsibilities of building and unit owners.
