Condominium
A type of real estate ownership where individuals own their specific unit within a larger building or development, while jointly owning common areas such as hallways, elevators, swimming pools, and gardens with other unit owners.
condocondo unitflatapartment unit (owned)
🇵🇭 Philippine Context
DHSUD References
- Regulated under RA 4726 (Condominium Act)
- DHSUD requires Condominium Certificate of Title (CCT) for each unit
Building Codes
- RA 4726 (Condominium Act)
- BP 957 (Subdivision and Condominium Buyer's Protective Decree)
⚖️ Legal References
- Maceda Law (RA 6552) for installment buyers
- Condominium Corporation governance requirements