Amendment to R.A. No. 4726 (The Condominium Act)
Republic Act No. 7899 amends certain provisions of the Condominium Act (Republic Act No. 4726) regarding the amendment and management of condominium projects. It allows for the amendment or revocation of the enabling deed with the approval of a simple majority of registered owners, requiring prior notification and subsequent approval from relevant regulatory bodies. Additionally, it stipulates that a condominium corporation must obtain a simple majority vote from registered owners before selling or disposing of common areas, with similar notification and approval requirements. This law took effect 15 days after publication in national newspapers.
Quick Answers
- What is Amendment to R.A. No. 4726 (The Condominium Act) about?
- Republic Act No. 7899 amends certain provisions of the Condominium Act (Republic Act No. 4726) regarding the amendment and management of condominium projects. It allows for the amendment or revocation of the enabling deed with the approval of a simple majority of registered owners, requiring prior notification and subsequent approval from relevant regulatory bodies. Additionally, it stipulates that a condominium corporation must obtain a simple majority vote from registered owners before selling or disposing of common areas, with similar notification and approval requirements. This law took effect 15 days after publication in national newspapers.
- What type of law is Republic Act No. 7899?
- Amendment to R.A. No. 4726 (The Condominium Act) (Republic Act No. 7899) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendment to R.A. No. 4726 (The Condominium Act) enacted?
- Amendment to R.A. No. 4726 (The Condominium Act) (Republic Act No. 7899) was enacted on Feb 23, 1995.
- What is the citation for Amendment to R.A. No. 4726 (The Condominium Act)?
- Amendment to R.A. No. 4726 (The Condominium Act), Republic Act No. 7899, Feb 23, 1995 (Philippines)
Law Information
- Reference Number
- Republic Act No. 7899
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 23, 1995
REPUBLIC ACT NO. 7899
AN ACT AMENDING SECTION FOUR AND SECTION SIXTEEN OF REPUBLIC ACT NUMBERED FOUR THOUSAND SEVEN HUNDRED TWENTY-SIX, OTHERWISE KNOWN AS "THE CONDOMINIUM ACT"
Section 4, last paragraph of Republic Act No. 4726 is hereby amended as follows:
"Sec. 4. . . . .
"The enabling or master deed may be amended or revoked upon registration of an instrument executed by a simple majority of the registered owners of the property: Provided, That in a condominium project exclusively for either residential or commercial, use, simple majority shall be on a per unit of ownership basis and that in the case of mixed use, simple majority shall be on a floor area of ownership basis: Provided, further, That prior notifications to all registered owners are done: and Provided, finally, That any amendment or revocation already decided by a simple majority of all registered owners shall be submitted to the Housing and Land Use Regulatory Board and the city/municipal engineer for approval before it can be registered. Until Registration of a revocation, the provisions of this Act shall continue to apply to such property."
Section 16 of the same Act is hereby amended to read as follows:
"Sec. 16. A condominium corporation shall not, during its existence, sell, exchange, lease, or otherwise dispose of the common areas owned or held by it in the condominium project unless authorized by the affirmative vote of a simple majority of the registered owners: Provided, That prior notifications to all registered owners are done: and Provided, further, That the condominium corporation may expand or integrate the project with another upon the affirmative vote of a simple majority of the registered owners, subject only to the final approval of the Housing and Land Use Regulatory Board."
SECTION 3. Effectivity. — This Act shall take effect fifteen (15) days after its complete publication in at least two (2) national newspapers of general circulation.
Approved: February 23, 1995
Published in Malaya and the Manila Times on March 2, 1995. Published in the Official Gazette, Vol. 91 No. 20 page 3024 on May 8, 1995.
Cite This Law
Amendment to R.A. No. 4726 (The Condominium Act), Republic Act No. 7899, Feb 23, 1995 (Philippines)
Amendment to R.A. No. 4726 (The Condominium Act), Republic Act No. 7899 (Phil. 1995)
Related Laws
- The Condominium ActRepublic Act No. 4726 • Jun 18, 1966 • Statutes
- Amendment to Sections 2 and 3 of R.A. No. 2239 Re: Sale of Land to the Ramon Magsaysay Award FoundationRepublic Act No. 9415 • Mar 25, 2007 • Statutes
- Revised Rules and Regulations Implementing the Subdivision and Condominium Buyer's Protective DecreeHLURB Resolution No. R. 699-01 • Aug 20, 2001 • Implementing Rules and Regulations
- Subdivision and Condominium Buyers' Protection DecreePresidential Decree No. 957 • Jul 12, 1976 • Presidential Issuances
- Amendment to the 2005 Implementing Rules and Regulations of R.A. No. 7459IRR of RA 7459 (Amendment) • Feb 3, 2010 • Implementing Rules and Regulations
- Board Resolution No. R-575, Amending Sections 1(b), (c), (e.3), (i); 2, 3(c), 3(d.3) and (d.4), 3(e) and 7, of the Implementing Rules and Regulations to Govern Section 18 of R.A. No. 7279 Otherwise Known as the Urban Development and Housing Act of 1992HLURB Administrative Order No. 10-95 • Oct 23, 1995 • Implementing Rules and Regulations
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