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Notes 1 - Introduction To Condominium Concepts

The document provides an introduction to condominium concepts. It defines a condominium as individually owned units with shared ownership of common areas. Condominiums allow for more efficient use of limited land space through vertical subdivision. Units can be residential, commercial, or industrial. Condominium projects range from low-rise (1-5 stories) to medium-rise (6-15 stories) to high-rise (16+ stories). Common unit types include studios, 1-3 bedroom units, lofts, and penthouses. Owning a condominium unit offers advantages like affordability, maximized land use, shared facilities/maintenance costs, exclusive unit ownership, and closer community.

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Gian Carlo Bero
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69 views

Notes 1 - Introduction To Condominium Concepts

The document provides an introduction to condominium concepts. It defines a condominium as individually owned units with shared ownership of common areas. Condominiums allow for more efficient use of limited land space through vertical subdivision. Units can be residential, commercial, or industrial. Condominium projects range from low-rise (1-5 stories) to medium-rise (6-15 stories) to high-rise (16+ stories). Common unit types include studios, 1-3 bedroom units, lofts, and penthouses. Owning a condominium unit offers advantages like affordability, maximized land use, shared facilities/maintenance costs, exclusive unit ownership, and closer community.

Uploaded by

Gian Carlo Bero
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Introduction to Condominium Concepts

WHAT IS CONDOMINIUM?

1. refers to a building or group of buildings in which units are owned individually and the
structure, common areas and facilities are owned by the owners in a proportionate undivided
basis.
2. refers to a vertical subdivision of a building which each individual unit was held in separate
private ownership and all floor spaces, facilities and outdoor areas were used in common by all
tenants are owned, administered and maintained by a corporation or condominium corporation
created by law.
3. refers to an arrangement of ownership where a tenant in a complex of multiple dwelling units
holds full right and ownership to his/her unit and a joint ownership in the common grounds or
areas.
4. refers to individually owned parcel that includes a share of common areas.
5. pertains to an interest in real property consisting of absolute ownership of a unit in residential,
commercial or industrial building and joint or common ownership in the land on which the
building was erected and in other common areas of the condominium project or complex.

BACKGROUND

• Condominium housing was born out of the condition of limited land space.
• Normally, a condominium is in the form of a vertical building, however, it may take the form of a
subdivision or referred to as the "horizontal condominium" or also referred to as a "townhouse
project."

FORMS OF CONDOMINIUM PROJECTS

a. Residential — refers to a high‐rise or medium‐rise buildings use for dwelling or habitation


purposes
b. Industrial — refers to a single‐detached, apartment type, medium‐rise and high‐rise factories
or warehouse
c. Commercial — refers to offices, stores, shops, restaurants, theaters, concessionaires, marts
and malls, etc and
d. Resorts — refers to a project that has its own recreational facilities like: beaches, golf course,
club houses, etc

BUILDING HEIGHTS IN THE PHILIPPINES

HEIGHT OF BUILDING/ STRUCTURE ‐ The vertical distance from the established grade elevation
to the highest point of the coping of a flat roof, to the average height of the highest gable, pitch
or hip roof, or to the top of the parapet, if the roof is provided with a parapet, whichever is
higher or to the topmost elevation of the helipad structure, if the roof is provided with a helipad,
whichever is higher. (PD 1096 Glossary)
1. LOW‐RISE BUILDING
• One‐storey up to 5‐storeys in height
• i.e., from 3.00 meters up to a maximum of 15.00 meters above established grade;
• while not generally requiring an elevator if the building/structure is for purely residential
use;
• fire escapes and other safety systems are mandatory for all low‐rise buildings/structures.

2. MEDIUM‐RISE BUILDING
• From 6‐storeys up to 15‐storeys in height,
• i.e., from 18.00 meters up to a maximum of 45.00 meters above established grade;
• elevators, fire escapes, sprinkler systems and other safety systems are mandatory for all
medium‐rise buildings/structures.

3. HIGH‐RISE BUILDING
• 16‐storeys or taller in height,
• i.e., from 48.00 meters above established grade;
• elevators, fire escapes, sprinkler systems, arresters, beacons and other safety systems,
particularly if near airports, are mandatory for all high‐rise buildings/structures.

COMMON CONDO UNIT TYPES

STUDIO UNIT
• This unit is usually the most affordable in any condo project given the limited floor area.
• It has an open floor layout.
• Bathroom, Living Room, Kitchen, and Bedroom are all integrated.
• It is recommended for sing dwellers and couples

BEDROOM UNIT
• 1‐Bedroom / 2‐Bedroom / 3‐Bedroom Unit
• Unit that has one, two, or three bedrooms which cater to couples or small families.
• Because of partitions of bedroom, it is often the most recommended type.
• It may vary from one to four bedrooms and sometimes come with a maid’s room.
• It is recommended for starter or growing families who wants more private settings within
urban or suburban locations.

LOFT
• A condo unit with high ceilings, with an elevated bedroom accessed by stairs.
• The loft bedroom is open, looks over onto the main living area below.

PENTHOUSE
Located on the uppermost floor of a condo, penthouses are the most expensive units, due to a large
floor area plus the exclusivity and privacy offered to the tenants.
ADVANTAGES IN OWNING CONDOMINIUM UNIT

a. Affordability is Enhanced ‐ It enhances affordability by fractionalizing cost land and building.


b. Maximizing Land Space ‐ There is an economy in land space. Families or parties holding title to
contiguous land may this and producing more housing through the construction of a
condominium.
c. Facilities and services cost will be less to build and maintain ‐ This happens because the costs
are distributed equally among unit owners.
d. Exclusive ownership of unit ‐ involves retention or the psychological and economic concepts of
family house
e. Co‐ownership of undivided common areas and facilities – also involves retention or the
psychological and economic concepts of family house
f. Closer neighborhood — Due to the physical closeness of each unit and the concept of Co‐
ownership of common areas and facilities, unit owners are bound to uphold the quality of their
living standards
g. Better security
h. Accessibility to the amenities of the city ‐ Condominium unit owner lives near the place of
his/her work whereby saving time and money

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