1. What is the short title of RA 4726?

A. The Condominium Ownership Act

B. The Condominium Corporation Act
C. The Condominium Act
D. The Condominium Development Act

2. What is a condominium as defined by RA 4726?

A. An interest in real property consisting of a separate interest in a unit in a building and

an undivided interest in common areas.
B. An interest in real property consisting of a separate interest in a unit in a building and
a divided interest in common areas.
C. An interest in real property consisting of a separate interest in a unit in a building and
no interest in common areas.
D. An interest in real property consisting of a separate interest in a unit in a building and
a shared interest in common areas.

3. What is the document that must be recorded in the Register of Deeds and annotated in the
certificate of title of the land to apply the provisions of RA 4726?

A. The enabling or master deed

B. The declaration of restrictions
C. The articles of incorporation
D. The by-laws

4. What is the nature of the interest that can be acquired by the purchaser in the separate units
and in the common areas of the condominium project?

A. Ownership or any other interest in real property recognized by law

B. Leasehold or any other interest in real property recognized by law
C. Easement or any other interest in real property recognized by law
D. Mortgage or any other interest in real property recognized by law

5. What is the condominium corporation as defined by RA 4726?

A. A corporation specially formed for the purpose of holding title to or the appurtenant
interest in the common areas of a condominium project
B. A corporation specially formed for the purpose of managing and maintaining the
common areas and facilities of a condominium project
C. A corporation specially formed for the purpose of developing and selling the units of
a condominium project
D. A corporation specially formed for the purpose of regulating and enforcing the rules
and regulations of a condominium project.

6. What are the requirements for the incorporation of a condominium corporation under RA
4726?
 A. The submission of the enabling or master deed, the declaration of restrictions, the
articles of incorporation, and the by-laws to the Securities and Exchange
Commission
B. The submission of the enabling or master deed, the declaration of restrictions, the
articles of incorporation, and the by-laws to the Housing and Land Use Regulatory
Board
C. The submission of the enabling or master deed, the declaration of restrictions, the
articles of incorporation, and the by-laws to the Department of Trade and Industry
D. The submission of the enabling or master deed, the declaration of restrictions, the
articles of incorporation, and the by-laws to the Department of Human Settlements
and Urban Development.

7. What are the rights and obligations of the condominium corporation under RA 4726?

A. To acquire, own, hold, enjoy and dispose of the common areas; to operate the
condominium project; levy and collect assessments from the unit owners; to enforce
the provisions of the enabling or master deed, the declaration of restrictions, the
articles of incorporation, and the by-laws
B. To acquire, own, hold, enjoy and dispose of the common areas; to operate the
condominium project; to levy and collect assessments from the unit owners; to
amend the provisions of the enabling or master deed, the declaration of restrictions,
the articles of incorporation, and the by-laws
C. To acquire, own, hold, enjoy and dispose of the common areas; to operate the
condominium project; to levy and collect assessments from the unit owners; to
dissolve the condominium corporation and the condominium project.
D. To acquired, own, hold, enjoy and dispose of the common areas; to operate the
condominium project; to levy and collect assessments from the unit owners; to sue
and be sued as a corporation

8. What are the limitations on the right of the unit owner to sell or dispose of his unit under RA
4726?

A. The unit owner must obtain the written consent of the condominium corporation and
the majority of the other unit owners
B. The unit owner must obtain the written consent of the condominium corporation and
the registered owner of the property
C. The unit owner must obtain the written consent of the condominium corporation and
the developer of the project
D. The unit owner must obtain the written consent of the condominium corporation and
the mortgagee of the unit

9. What are the grounds and procedures for the voluntary dissolution of the condominium
corporation and the condominium project under RA 4726?

A. The condominium corporation may be dissolved by a resolution of the majority of the

members of the board of directors and the affirmative vote of at least two-thirds of
the unit owners; the resolution shall be recorded in the Register of Deeds and a copy
thereof shall be sent to the Securities and Exchange Commission
B. The condominium corporation may be dissolved by a resolution of the majority of the
members of the board of directors and the affirmative vote of at least two-thirds of
 the unit owners; the resolution shall be published once a week for three consecutive
weeks in a newspaper of general circulation in the province or city where the project
is located and a copy thereof shall be sent to the Securities and Exchange
Commission
C. The condominium corporation may be dissolved by a resolution of the majority of the
members of the board of directors and the affirmative vote of at least two-thirds of
the unit owners; the resolution shall be approved by the Housing and Land Use
Regulatory Board and a copy thereof shall be sent to the Securities and Exchange
Commission
D. The condominium corporation may be dissolved by a resolution of the majority of the
members of the board of directors and the affirmative vote of at least two-thirds of
the unit owners; the resolution shall be approved by the Department of Human
Settlement and Urban Development and a copy thereof shall be sent to the
Securities and Exchange Commission.

10. What is the declaration of restrictions as defined by RA 4726?

A. A document containing the rules and regulations governing the use and occupancy
of the units and the common areas of the condominium project
B. A document containing the limitations and prohibitions on the rights of the unit
owners to sell, lease, or encumber their units and the common areas of the
condominium project
C. A document containing the conditions and stipulations for the creation, modification,
or termination of the condominium project
D. A document containing the specifications and standards for the construction,
maintenance, and repair of the units and the common areas of the condominium
project.

11. What are the effects of the terminations of the condominium project under RA 4726?

A. It shall operate to extinguish the condominium project and the separate titles of the
unit owners.
B. It shall operate to convert the common areas into co-ownership among the unit
owners
C. It shall operate to distribute the proceeds of the sale of the project among the unit
owners and the creditors of the condominium corporation
D. All of the above

12. What are the instances when the unit owner may partition his unit under RA 4726?

A. When the partition is authorized by the enabling or master deed and the declaration
of restrictions
B. When the partition is approved by the affirmative vote all the other unit owners
C. When the partition is necessary for the repair, restoration, or reconstruction of the
damaged or destroyed unit
D. When the partition is incidental to the transfer or disposition of the unit to another
person

13. What are the effects of the transfer or disposition of a unit under RA 4726?
 A. It shall operate to transfer to the transferee the unit conveyed and the common areas
appertaining thereto
B. It shall operate to confer upon the transferee the membership or shareholdings in the
condominium corporation
C. It shall operate to subject the transferee to the provisions of the enabling or master
deed and the declaration of restrictions
D. All of the above

14. What are the effects of the lease of a unit RA 4726?

A. It shall operate to transfer to the lessee the right to use and occupy the unit leased
and the common areas appertaining thereto
B. It shall operate to confer upon the lessee the membership or shareholdings in the
condominium corporation
C. It shall operate to subject the lessee to the provisions of the enabling or master deed
and the declaration of restrictions
D. A and C only

15. What are the instances when the condominium corporation may repair or maintain the
common areas or the condominium project under RA 4726?

A. When the repair or maintenance is authorized by the enabling or master deed and
the declaration of restrictions
B. When the repair or maintenance is approved by the affirmative vote of the majority of
the unit owners
C. When the repair or maintenance is necessary for the preservation, restoration, or
improvement of the condominium project
D. All of the above

16. What are the effects of the repair or maintenance of the common areas or the condominium
project under RA 4726?

A. It shall operate to increase the value of the common areas and the condominium
project
B. It shall operate to confer upon the condominium corporation the right to levy and
collect assessments from the unit owners
C. It shall operate to subject the condominium corporation to the provisions of the
enabling or master deed and declaration of restrictions
D. All of the above

17. What are the instances when the unit owner may vote in the meetings of the condominium
corporation under RA 4726?

A. When the unit owner is present in person or by proxy

B. When the unit owner is not delinquent in the payment of his assessments or dues to
the condominium corporation
C. When the unit owner is not in violation of the enabling or master deed and the
declaration of restrictions
D. All of the above
18. What are the instances when the condominium corporation may hold meetings under RA
4726?

A. When the meeting is called by the board of directors or the president of the
condominium corporation
B. When the meeting is called by the written request of at least one-fourth of the unit
owners
C. When the meeting is held annually on a date fixed in the by-laws
D. All of the above

19. What are the effects of the meetings of the condominium corporation under RA 4726?

A. It shall operate to elect the board of directors and the officers of the condominium
corporation
B. It shall operate to adopt or amend the by-laws and the rules and regulations of the
condominium corporation
C. It shall operate to approve or ratify the annual budget and the financial statements of
the condominium corporation
D. All of the above

20. What are the qualifications and disqualifications of the members of the board of directors of
the condominium corporation under RA 4726?

A. The members of the board of directors must be unit owners of their spouses, and
must not be delinquent in the payment of their dues to the condominium corporation
B. The members of the board of directors must be unit owners or their spouses, and
must not be convicted of any crime involving moral turpitude
C. The members of the board of directors must be unit owners or their spouses, and
must not be engaged in any business that competes with the condominium
corporation
D. The members of the board of directors must be unit owners or their spouses, and
must not be officers or employees of the developer of the condominium projects

21. What are the powers and duties of the board of directors of the condominium corporation
under RA 4726?

A. To elect the officers of the condominium corporation, to adopt the annual budget, to
approve the financial statements, and to appoint an auditor
B. To enact the by-laws, to amend the enabling or master deed and the declaration of
restrictions, to dissolve the condominium corporation, and to sell the condominium
project
C. To manage the affairs of the condominium corporation, to adopt rules and
regulations, to fix and collect assessments, and to repair and maintain the common
areas and facilities
D. To represent the condominium corporation in all legal matters, to enter into contracts,
to acquire and dispose of properties, and to sue and be sued as a corporation

22. What is the enabling or master deed as defined by RA 4726?

 A. The document that creates or establishes the condominium project and defines the
basic rights and obligations of the unit owners
B. The document that transfers the title to or the appurtenant interests in the common
areas to the condominium corporation
C. The document that contains the specifications and standards for the construction,
maintenance, and repair of the units and the common area of the condominium
project
D. The document that contains the limitations and prohibitions on the rights of the unit
owners to sell, lease, or encumber their units and the common areas of the
condominium project.

23. What are the instances when the unit owner may mortgage his unit under RA 4726?

A. When the mortgage is authorized by the enabling or master deed and the declaration
of restrictions
B. When the mortgage is approved by the written consent of the condominium
corporation
C. When the mortgage is in favor of any bank, trust company, insurance company, or
any other financial institution
D. All of the above

24. what are the effects of the enjoyment of the facilities of the condominium project under RA
4726?

A. It shall operate to increase the value of the unit and the common areas appertaining
thereto
B. It shall operate to confer upon the unit owner the right to claim reimbursement from
the condominium corporation
C. It shall operate to subject the unit owner to the provisions of the enabling or master
deed and the declaration of restrictions
D. None of the above

25. What are the instances when the developer may sue or be sued under RA 4726?

A. When the developer has a cause of action arising from the breach of contract or
warranty by the unit owners
B. When the developer has a cause of action arising from the defect or deficiency in the
construction, maintenance, or repair of the units of the common areas
C. When the developer has a cause of action arising from the fraud, misrepresentation,
or deceit in the sale or disposition of the units or the common areas
D. All of the above

26. What is the name of the document that contains the floor plan, technical specifications, and
other information of a condominium project?

A. Master Deed
B. Condominium Certificate Title
C. Declaration of Restriction
D. Condominium Plan

27. Identify the most appropriate law that covers condominium ownership and rights?
 A. Subdivision and Condominium Buyer’s Protective decree
B. Property Registration Decree
C. Condominium Act
D. Realty Installment Buyer’s Protective Act

28. What is the most important function of a condominium corporation?

A. Hold title to the land of the condominium project

B. Collect dues from the unit owners
C. Pay for the realty taxes of the common areas
D. Pay for the insurance of the separate units

29. What are the grounds and procedures for the involuntary dissolution of the condominium
corporation and the condominium project under RA 4726?

A. The condominium corporation may be dissolved by a court order upon the petition of
any unit owner or the condominium corporation itself on the ground of insolvency, fraud,
mismanagement, or violation of the enabling or master deed, the declaration of
restrictions, the articles of incorporation, or the by-laws

B. The condominium corporation may be dissolved by a court order upon the petition of
any unit owner or the condominium corporation itself on the ground of damage or
destruction of the units or the common areas that renders the project untenantable or
obsolete

C. The condominium corporation may be dissolved by a court order upon the petition of
any unit owner or the condominium corporation itself on the ground of condemnation or
expropriation of the land or the building where the project is located

D. Any of the above

30. What are the effects of the partition of the common areas under RA 4726?

A. It shall operate to terminate the condominium project and the separate titles of the
unit owners

B. It shall operate to revoke the enabling or master deed and the declaration of
restrictions
C. It shall operate to dissolve the condominium corporation and the appurtenant
interests of the unit owners in the common areas
D. All of the above

31. What are the instances when the condominium corporation may sell or dispose of the
common areas or the condominium project under RA 4726?

A. When the sale or disposition is authorized by the enabling or master deed and the
declaration of restrictions
 B. When the sale or disposition is approved by the affirmative vote of all the unit owners
C. When the sale or disposition is necessary for the repair, restoration, or reconstruction
of the damaged or destroyed units or common areas
D. When the sale or disposition is incidental to the dissolution of the condominium
corporation a nd the condominium project

32. What are the powers and duties of the board of directors of the condominium corporation
under RA 4726?

A. To elect the officers of the condominium corporation, to adopt the annual budget, to
approve the financial statements, and to appoint an auditor
B. To enact the by-laws, to amend the enabling or master deed and the declaration of
restrictions, to dissolve the condominium corporation, and to sell the condominium
project
C. To manage the affairs of the condominium corporation, to adopt rules and regulations,
to fix and collect assessments, and to repair and maintain the common areas and
facilities
D. To represent the condominium corporation in all legal matters, to enter into contracts,
to acquire and dispose of properties, and to sue and be sued as a corporation

33. What are the instances when the unit owner may encumber his unit under RA 4726?

A. When the encumbrance is authorized by the enabling or master deed and the
declaration of restrictions
B. When the encumbrance is approved by the written consent of the condominium
corporation
C. When the encumbrance is in favor of any bank, trust company, insurance company, or
any other financial institution
D. All of the above

34. What are the instances when the condominium corporation may encumber the common
areas or the condominium project under RA 4726?

A. When the encumbrance is authorized by the enabling or master deed and the
declaration of restrictions
B. When the encumbrance is approved by the affirmative vote of all the unit owners
C. When the encumbrance is necessary for the repair, restoration, or reconstruction of
the damaged or destroyed units or common areas
D. All of the above

35. What are the instances when the unit owner may modify or alter his unit under RA 4726?

A. When the modification or alteration is authorized by the enabling or master deed and
the declaration of restrictions
B. When the modification or alteration is approved by the written consent of the
condominium corporation
 C. When the modification or alteration does not impair the structural integrity or
mechanical systems or lessen the support of any portion of the condominium project
D. All of the above

36. What are the effects of the repair or maintenance of a unit under RA 4726?

A. It shall operate to increase the value of the unit and the common areas appertaining
thereto
B. It shall operate to confer upon the unit owner the right to claim reimbursement from
the condominium corporation
C. It shall operate to subject the unit owner to the provisions of the enabling or master
deed and the declaration of restrictions
D. None of the above

37. What are the instances when the unit owner may use and enjoy the common areas or
the facilities of the condominium project under RA 4726?

A. When the use and enjoyment is authorized by the enabling or master deed and the
declaration of restrictions
B. When the use and enjoyment is approved by the written consent of the condominium
corporation
C. When the use and enjoyment does not interfere with the use and enjoyment of other
unit owners or the condominium corporation
D. All of the above

38. What are the effects of the enjoyment of the facilities of the condominium project under
RA 4726?
A. It shall operate to increase the value of the unit and the common areas
appertaining thereto
B. It shall operate to confer upon the unit owner the right to claim reimbursement
from the condominium corporation
C. It shall operate to subject the unit owner to the provisions of the enabling or
master deed and the declaration of restrictions
D. None of the above
39. What are the instances when the unit owner may sue or be sued under RA 4726?
A. When the unit owner has a cause of action arising from the violation of the
enabling or master deed and the declaration of restrictions
B. When the unit owner has a cause of action arising from the damage or
destruction of his unit or the common areas
C. When the unit owner has a cause of action arising from the non-payment of his
assessments or dues to the condominium corporation
D. All of the above
40. What are the effects of the suit or judgment against the condominium corporation under
RA 4726?
A. A) It shall operate to affect the title to or the appurtenant interests in the common
areas or the condominium project of the condominium corporation
B. B) It shall operate to affect the membership or shareholdings in the condominium
corporation of the unit owners
 C. C) It shall operate to affect the rights and obligations of the unit owners or the
condominium corporation
D. D) All of the above
41. Condominium Act
A. RA 9700
B. RA 6657
C. RA 4726
D. None of the above

42. What is the name of the right that allows a condominium unit owner to use the common
areas and facilities of the project in accordance with the purpose for which they are
intended, without hindering or encroaching upon the lawful rights of the other unit
owners?
A. Ownership
B. Usufruct
C. Lease
D. Easement

43. What is the name of the document that must be executed by the owner or developer of a
condominium project, duly approved by the Board of Consultants for Condominium
projects, and filed with Register of Deeds, in order to create a condominium regime
under RA 4726?
A. Enabling or master deed
B. Declaration of restrictions
C. Condominium certificate of title
D. Deed of sale

44. What is the term used to describe the division of ownership or other interest in real
property by conveying one or more condominium therein but less than the whole
thereof?
A. Subdivision
B. Partition
C. Condominium
D. Conversion

45. What is the name of the corporation that may be formed to hold title to or the
appurtenant interests in the common areas of condominium project?
A. Condominium Association
B. Condominium Corporation
C. Condominium Management
D. Condominium Trust

46. What is the name of the of the document that must be executed by the condominium
corporation, containing the rules and regulations for the government and management of
the corporation, the manner of electing the board of directors, the time, place and
manner of calling and conducting regular or special meetings of the directors and the
unit owners?
A. By-laws
B. By-rules
C. By-orders
 D. By-decisions

47. What is the name of the board composed of the Secretary of Justice, the Commissioner
of Land Registration, and the Chairman of the National Planning Commission, or their
duly authorized representatives, that is empowered to approve, reject, alter or modify the
plan or plans for the condominium project.
A. Board of Consultants for Condominium Projects
B. Board of Appraisers for Condominium Projects
C. Board of Administrators for Condominium Projects
D. Board of Commissioners for Condominium Projects

48. What is the name of the action that may be brought by the condominium corporation, the
managing agent, a unit owner, or a group of such owners, for the enforcement of any
right granted or obligation imposed by RA 4726, the enabling or master deed, the
declaration of restrictions, the by-laws, or the rules and regulations of the condominium
project?
A. Action for specific performance
B. Action for injunction
C. Action for damages
D. Action for partition

49. What is the name of the document that must be executed by the condominium
corporation, containing the corporate name, the purposes, the principal office if the
corporation, the names, nationalities and residences of the incorporators, the number of
directors, the names, nationalities and residences of the persons who are to serve as
directors until the first regular directors are duly elected by the unit owners, the
subscribed and paid up capital, the description of the common areas in the project?
A. Articles of incorporation
B. Articles of association
C. Articles of organization
D. Articles of agreement

50. What is the name of the right that allows a condominium unit owner to alienate, transfer,
or encumber his unit, subject to the provisions of RA 4726, the enabling or master deed,
the declaration of restrictions, and the existing laws?
A. Ownership
B. Usufruct
C. Lease
D. Disposition