About this document
Condo Ownership and Shareholding Rights by May RM is a document available to read on EtoBox.
The petitioner, Sunset View Condominium Corporation, filed a collection case against Aguilar-Bernares Realty for unpaid condominium assessments. Aguilar-Bernares Realty moved to dismiss, arguing they were not a shareholder of the condominium corporation as they had not fully paid for the unit. The issue was whether a purchaser of a condominium unit, who has not yet fully paid, is automatically a shareholder. The court ruled that pursuant to the Condominium Act, only the owner of a unit, which requires full
- Author
- May RM
- Language
- EN