3/21/2021 REM 182/142 - Quiz 2 Condominium Concept
REM 182/142 - Quiz 2 Condominium
Concept
Total points 50/100
Select the best answer. Finish the Final Exam in 10 minutes and submit.
Email address *
[email protected]
Mr. Sy owned a unit in Tower ABC. He can sell the unit to anybody unless 0/10
there is *
An amount of unpaid real estate taxes
A mortgage on the condominium unit
Provision for right of first refusal
Delinquency in condominium dues
Correct answer
Provision for right of first refusal
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3/21/2021 REM 182/142 - Quiz 2 Condominium Concept
Allison sold his 3 bedroom condo unit to a buyer. To register the sale he 10/10
must get from the condominium corporation this document *
Certificate of transfer
Clearance of condominium dues
Certificate of management
Certificate of ownership
It is referred to as the space encompassed by the interior surface of the 0/10
floor, ceiling, walls and exterior doors and windows, which is susceptible
of independent use and ownership *
Condominium Limited common area
Common Areas
Condominium interior
Condominium Unit
Correct answer
Condominium interior
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3/21/2021 REM 182/142 - Quiz 2 Condominium Concept
A part of the condominium project which are not subject to the 0/10
exclusive use of any one or group of owners *
Common Areas
Limited common areas
General common areas
Divided common areas
Correct answer
General common areas
A unit owner does not have the following right as a condominium unit 10/10
owner *
To sell the condominium unit
To pay for share in insurance of the condo project
To mortgage his own unit
To lease the unit
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3/21/2021 REM 182/142 - Quiz 2 Condominium Concept
If a unit owner has unpaid assessments, the notice of assessment will 10/10
be considered a lien on the condominium unit if *
A notice of assessment is given to the unit owner
A notice of assessment is registered with the Register of Deeds
Registered with the city treasurer’s office
The delinquency is more than 1 year
A condominium corporation is important as it will be the management 0/10
body of the condominium project and more importantly, will also *
Pay for the realty taxes of the unit owner
Hold title to the land of the condominium project
Collect the dues from the unit owners
Pay for the insurance of the separate units
Correct answer
Hold title to the land of the condominium project
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3/21/2021 REM 182/142 - Quiz 2 Condominium Concept
It refers to the weight bearing walls, columns and beams, stairways, 0/10
halls elevators, etc. including the electrical, water and plumbing systems
and amenities in condominium project *
Common Areas
Vertical building
Condominium Structure
Condominium Building
Correct answer
Common Areas
In buying a condominium unit, it is highly recommended that the buyer 10/10
get this most important document to have full knowledge of the
project *
Master Deed
House rules and regulations
Deed of Restrictions
Articles of Incorporation of condominium corporation
Last Name, First Name
Villaverde, Richard
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3/21/2021 REM 182/142 - Quiz 2 Condominium Concept
The ABC Condo Residences, a mixed use condo project, wanted to 10/10
amend the master deed. In such case the majority vote shall be based
on *
Per unit ownership
Per unit value
Per unit no. of occupants
Per unit floor area
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