A Condo Declaration is a legal document that lays out what common and private spaces were built and who owns them. It details the block and lot, address, unit number, size, square footage, common interest percentage, and limited common interests.
How Do You Know the Identity of Your Condo's Declarant? While you may not know that your inium building has a Declarant, or who the Declarant is, you can find out. Declarants can always be located in public land records, which can be found in the county location of the inium.
Residents may file a inium/Cooperative Complaint Form (PDF) directly with the Division of Florida iniums, Timeshares and Mobile Homes. Hardcopies of the form can be obtained by calling 1.800. 226.9101 or 850.488. 1122.
To have a pleasant condo living experience, keep in mind these legal rights for condo owners. The Right to Access Condo Documents. The Right to Equality and Non-Discrimination. The Right to Notice and Meetings. The Right to Run and Vote During Elections. The Right to Protest.
Requirements for inium Ownership or Own CCT Housing and Lot Use Regulatory Board Certificate of Registration. Master Deed Declaration. Selling Permit. Floorplan with diagrams. Requesting an individual CCT through a letter of intent. Restriction Proclamation. duplicate land titles provided by the proprietor.
Ownership of a inium unit is evidenced by a inium certificate of title. With respect to real property other than land and inium units, there is no system that is equivalent to the Torrens system for registration under which a document is issued to evidence the owner's title.
How to Obtain a Copy of a Land Title in the Philippines? Determine the Type of Title. Visit the Registry of Deeds (RD) ... Prepare Necessary Information. Request for a Certified True Copy of the Title. Processing Time and Fees. LRA e-Serbisyo Option. Verify the Title for Any Encumbrances. Check for Discrepancies.
Your inium doesn't have a lifespan, but the corporation managing it has one. In the Philippines, 50 years is the lifespan of all companies and corporations, big or small. However, the corporation can still be renewed for another 50 years, so your inium ownership does not necessarily end at that point.