CRES2012 March 17 Exam No.
1 – Condominium
NAME _______________________________ Section ________________________ Group No. ___________
1. A lot owner and developer may convert a property into a condominium project by executing a legal document called
____________________ and registering the same with the _____________.
MASTER DEED
REGISTER OF DEEDS CALLED
2. Unless the condominium corporation is earlier dissolved, the life of a condominium corporation is ________________.
CO-TERMINUS WITH THE DURATION OF A CONDOMINIUM PROJECT
3. The document which provides guidelines, rules and regulations regarding the rights of condominium unit owners in the use,
occupation, ownership and disposition of units is called _____________.
DECLARATION OF RESTRICTIONS
4. The required number of vote of registered owners to authorize a condominium corporation to sell, or otherwise dispose of the
common areas in a condominium project is ___________.
SIMPLE MAJORITY
5. Amendment to the master deed of a condominium project approved by majority of registered majority of unit owners.
Majority is based on:
A. Number of condominium units B. Floor area of ownership
C. Total area of condominium units D. Any of the above E. None of the above
ANY OF THE ABOVE
6. A petition may be filed by one or more unit owners of condominium project when damage to the project has rendered one-half
or more of the units untenantable and unit owners holding more than ______ percent interest in the common areas are
opposed to repair or restoration of the project:
30%
7. When the interest of participation of condominium unit owners in the common area is proportionate, the formula applied is:
A. Unit area divided by total area of the common area B. Unit area divided by total area of all condominium units
C. Unit area divided by total area of all condominium units and common area
D. Unit area divided by total floor area of condominium building E. None of the above
B. UNIT AREA DIVIDED BY TOTAL AREA OF ALL CONDOMINIUM UNITS
8. In the absence of any provision in the master deed of a condominium project, the share of the unit owners in the common area is:
A. Proportionate to his unit area B. Based on the value of his unit
C. Equal to all other unit owners D. Decided by the majority of owners
E. Determined by the condominium corporation
C. EQUAL TO ALL OTHER UNIT OWNERS
9. In mixed use condominium projects, the master deed may be amended by simple majority of the unit owners. Majority is
based on: (Read Section 4)
A. Number of condominium units B. Floor area of ownership
C. Total area of condominium units D. Any of the above
B. FLOOR AREA OF OWNERSHIP
10. Amendment to the master deed of a condominium project approved by majority of the registered owners need also be
approved by the city/municipal engineer and _______________.
HLURB
11. Traditional ownership is evidenced by _____________.
TCT
12. For a space to be considered a condominium unit. It must:
A. Be encompassed by the interior surface of the wall, floors, ceiling B. Be managed by a condominium corporation
C. Be susceptible of independent use and ownership D. Be unencumbered by any restriction
C. BE SUSCEPTIBLE OF INDEPENDENT USE AND OWNERSHIP
13. Per BIR 28-98, the ground floor of a condominium project shall be considered as commercial and an additional rate shall be
added to an established residential zonal value.
A. Ten percent B. Twenty percent C. Twenty-five percent
D. Fifty percent E. None of the above
B. TWENTY PERCENT
14. ________________ is sometimes referred to as vertical subdivision.
CONDOMINIUM
15. Which of the following projects cannot be given Condominium Certificate of Title?
A. subdivision lots B. industrial warehouse C. two level rowhouse
D. one level rowhouse E. none of the above
A. SUBDIVISION LOTS
16. Condominium Act.
A. RA 4727 B. RA 2774 C. RA 4726 D. RA 7427 E. none of the above
C. RA 4726
17. Condominium Developers are mandated to form a:
A. cooperative B. charitable organization C. condominium corporation
D. homeowner association E. social club
C. CONDOMINIUM CORPORATION
18. *Enumerated are the advantages of Condominium Concept, which does not belong:
A. Easy to maintain B. With CCT as proof of ownership C. Enhances affordability
D. Economy in land space E. Wider market for it can be sold to foreigner subject to limitation
B. WITH CCT AS PROOF OF OWNERSHIP
19. Any amendment to the master deed of a condominium project decided by the majority of owners must be approved by the
HLURB and ______________.
CITY / MUNICIPAL ENGINEER
20. Condominium title is also called as ___________________.
VERTICAL SUBDIVISION
21. For the purpose of the ingress and egress, a condominium unit owner has _____________ to the common area.
NON-EXCLUSIVE EASEMENT
22. ________ percent of the units in a condominium project could be sold to foreigners/balikbayans who are American Citizens.
40%
23. The organization of a ______________________________ is always mandatory in a condominium project.
CONDOMINUM CORPORATION
24. _________ is a part of the condominium project intended for any type of independent use or ownership.
UNIT
25. Whenever the common areas in a Condominium Project are held by a Condominium Corporation, such corporation shall
constitute the _____________of the project.
MANAGEMENT BODY
26. Statements defining the limitation of ownership of condominium unit which binds all unit owners are called _____________
and are registered with the _____________.
DECLARATION OF RESTRICTIONS
REGISTRY OF DEEDS
27. Refers to weight bearing walls, columns and beams, stairways, halls, elevators, etc.
A. condominium unit D. common areas
B. cooperatives E. condominium
C. condominium project
D. COMMON AREAS
