Condominium Act Essentials: RA 4726
Master RA 4726 (The Condominium Act). Learn about condominium ownership structure, master deed requirements, foreign ownership restrictions, common area rules, condominium corporations, and assessment liens. explained in plain language with real-world scenarios.
6 lessons · 43 min total reading · Free
What You'll Learn
- Understand the dual-interest structure of condominium ownership
- Identify the required contents of a condominium master deed
- Know the foreign ownership restrictions and the 60-40 rule
- Understand why common areas cannot be partitioned and when projects can be sold
- Recognize the powers, limitations, and membership rules of condominium corporations
- Calculate assessment lien priority and understand enforcement through foreclosure
Lessons
- 17 min
What Is a Condominium? Definitions & Structure
Understand the legal definition of a condominium under RA 4726. the dual-interest concept of separate unit ownership plus undivided interest in common areas, and key terminology.
- 27 min
The Master Deed: Creating a Condominium
Learn what must be in a condominium enabling or master deed under RA 4726, how it is registered, and the requirements for amending or revoking it.
- 38 min
Ownership Rights & Foreign Restrictions
Learn about condominium ownership rights under RA 4726 including unit boundaries, exclusive rights, and the critical 60-40 foreign ownership restriction on condominium purchases.
- 47 min
Common Areas & Partition Rules
Understand why common areas cannot be divided, and the strict conditions under which a condominium project can be partitioned and sold as a whole under RA 4726.
- 57 min
The Condominium Corporation
Learn about the condominium corporation under RA 4726. its purpose, membership rules, management powers, term, and the strict conditions for its dissolution.
- 67 min
Assessments, Liens & Taxes
Understand how condominium assessments work under RA 4726, how unpaid dues become liens on units, the lien priority rules, and the separate tax assessment principle.