PAULYN MARIE VALDEZ

BS REAL ESTATE MANAGEMENT |1ST YEAR

PD -957 Know your rights as a The primary purpose of this law is

Property Buyer to protect buyers ’ welfare from
all types of real estate
misrepresentations

IRR of PD 957 The Subdivision & ​ A joint project of the rules and
Condominium Buyers standards development group
Protective Decree and the technical working group
on the revision of the IRR

PD 1216 Defining "Open Compelling need to create and

space" In residential maintain a healthy environment in
subdivisions and human settlements by providing
amending section 31 open spaces, roads, alleys and
of presidential decree sidewalks as may be deemed
no. 957 requiring suitable to enhance the quality of
subdivision owners to life of the residents therein;
provide roads, alleys,
sidewalks and reserve
open space for parks
or recreational use.

PD 1344 Empowering the Under Presidential Decree No.

national housing 957, the National Housing
authority to issue writ Authority is vested with the
of execution in the exclusive jurisdiction over the real
enforcement of its estate trade and business;
decision under
presidential decree
no. 957

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PAULYN MARIE VALDEZ
BS REAL ESTATE MANAGEMENT |1ST YEAR

BATAS An Act Authorizing It is hereby declared a policy of

PAMBANSA the Ministry of the Government to promote and
Blg. 220 Human Settlements encourage the development of
to Establish and economic and socialized housing
Promulgate Different projects, primarily by the private
Levels of Standards sector, in order to make available
and Technical adequate economic and
Requirements for socialized housing units for
Economic and average and low-income earners
Socialized Housing in urban and rural areas.
Projects in Urban and
Rural Areas from
Those Provided Under
Presidential Decrees
Numbered Nine
Hundred Fifty-Seven,
Twelve Hundred
Sixteen, Ten Hundred
Ninety-Six and Eleven
Hundred Eighty-Five.

Barrios Bantacan, Katipunan,

An Act Creating the
RA 4756 including Upper Aquibawa and

Municipality of New Upper Agusan of Barrio San

Miguel, Magsaysay, Panay,
Bataan in the Province of Batinao, Fatima, Magangit,
Camanlangan and San Roque in
Davao
the Municipality of Compostela,
Province of Davao, are hereby
separated from the said
municipality and constituted into

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PAULYN MARIE VALDEZ
BS REAL ESTATE MANAGEMENT |1ST YEAR

a distinct and independent

municipality to be known as the
Municipality of New Bataan, same
province.

RA 4726 "The condominium A condominium is an interest in

act". real property consisting of
An act to define separate interest in a unit in a
condominium, residential, industrial or
establish commercial building and an
requirements for its undivided interest in common,
creation, and govern directly or indirectly, in the land
its incidents. on which it is located and in other
common areas of the building. A
condominium may include, in
addition, a separate interest in
other portions of such real
property. Title to the common
areas, including the land, or the
appurtenant interests in such
areas, may be held by a
corporation specially formed for
the purpose (hereinafter known as
the "condominium corporation")
in which the holders of separate
interest shall automatically be
members or shareholders, to the
exclusion of others, in proportion
to the appurtenant interest of
their respective units in the
common areas

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PAULYN MARIE VALDEZ
BS REAL ESTATE MANAGEMENT |1ST YEAR

The enabling or master deed may

RA 7899 The Condominium
be amended or revoked upon
Act”
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 per unit of ownership
basis and that in the case of mixed
use, simple majority shall be on
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
provision of this Act shall continue
to apply to such property.

An act to provide for a

RA 7279 Urban Development
comprehensive and continuing
and Housing Act of
urban development and housing
1992.
program, establish the mechanism
for its implementation, and for

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PAULYN MARIE VALDEZ
BS REAL ESTATE MANAGEMENT |1ST YEAR

other purposes

RA 10884 Balanced Housing An act strengthening the

Development balanced housing development
Program program, amending for the
Amendments purpose republic act no. 7279, as
amended, otherwise known as the
urban development and housing
act of 1992

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