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To sum up, the rights of a condominium unit owner are the following: Right of absolute ownership over his unit. Right of exclusive easement of the space of his unit. Right to repair, paint, decorate the interior of his unit.
Pay condominium dues and other assessments. Share in the insurance of common areas. Comply with the restrictions of the condominium project. Give right of first refusal to the condominium corporation or unit owners in case of sale (if it is required in the master deed)
Seller must provide Public Offering Statement that includes: Condominium Declaration. Articles of Incorporation (or other document that creates the association). Bylaws.
The registration and regulation of a condominium corporation shall be vested with the Housing And Land Use Regulatory Board (HLURB) and the term of the said corporation shall be coterminous with the duration of the subdivision projects, the provision of the corporation law to the contrary notwithstanding. Sec. 12.
A condominium is inside a residential building or community but the unit is privately managed by the individual or landlord of the property. This landlord has no say in the functioning of the larger building or even the plot of land in which his/her property is built upon.
An Alberta court has upheld the right of a condominium corporation to evict a bylaw-breaching homeowner.
The Philippine Condominium Act allows foreigners to own condo units, as long as 60% of the building is owned by Filipinos. If you want to buy a house, consider a long-term lease agreement with a Filipino landowner.
The Rights You Are Entitled to as a Condo OwnerEnjoy your condo space quietly; that is, without creating a nuisance for the others living in the same condominium community. Right to get notified in case any individual from the condo's committee needs to gain acc. ess to your suite for repairs and inspection purposes.
Passed by the Connecticut legislature on June 3, 1983, became the first state law in the United States to unify and modernize the law of common interest communities. This Act covers in a uniform manner the law of condominiums, real estate cooperatives, planned unit developments, and reciprocal easement regimes.