Law Summary
Restrictions on Common Area Disposition by Condominium Corporation
- The condominium corporation is prohibited from selling, exchanging, leasing, or disposing of common areas during its existence, except with affirmative approval.
- Approval requires a simple majority vote of the registered owners.
- Prior notification to all registered owners before the decision is required.
- The condominium corporation may expand or integrate the project with another condominium upon a simple majority vote.
- Expansion or integration is subject to the final approval of the HLURB.
Effectivity Clause
- The amendments take effect fifteen (15) days after full publication in at least two (2) national newspapers of general circulation.
Key Legal Concepts and Procedures
- Establishes the threshold of simple majority based on unit ownership or floor area depending on project type for decision-making.
- Mandates due notice to all registered condominium owners to ensure transparency and participation.
- Reinforces the regulatory role of the HLURB and local government engineers in approving significant condominium project modifications.
- Protects common areas from unauthorized alienation, preserving the integrity and shared interests of condominium owners.
- Provides a mechanism for project expansion or integration subject to owner consent and regulatory oversight.