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Manila Bulletin devider Philippines devider National devider House unanimously approves proposed Condominium Redevelopment Act 

House unanimously approves proposed Condominium Redevelopment Act 

Published May 18, 2024 05:18 am

At A Glance

  • The measure providing for the redevelopment of condominiums in the country has been unanimously approved on third and final reading by the House of Representatives. 

IMG-1e0d3dd51da98113f2b97d0109322097-V-01.jpegHouse of Representatives (Ellson Quismorio/ MANILA BULLETIN)

The measure providing for the redevelopment of condominiums in the country has been unanimously approved on third and final reading by the House of Representatives.

On the strength of 188 affirmative votes, the House gave final approval to House Bill (HB) No. 10173, also known as the proposed Condominium Redevelopment Act, during a recent plenary session.

The bill seeks to amend Republic Act (RA) No. 4726, as amended, also known as "The Condominium Act".

The bill was lodged in substitution of HB No. 7618, which was filed by San Jose del Monte City lone district Rep. Florida "Rida" Robes.

Through the measure, the proponents seek to establish Iivable communilies that provide equitlable, inclusive, and resililent opportunities for the improvement of human well being while contributing to the economic vitality of the communities.

"This is meant to ensure the safety and integrity of existing and future condominium developments to protect the public against hazards of aged buildings that pose threats to the owners and the general public," said House Speaker Martin Romualdez, leader of the 300-plus strong House of Representatives.

Moreover, HB No. 10173 establishes rules for the proper maintenance, repair, reconstruction, and redevelopment of condominium projects.

"It ensures that the property rights of unit owners are respected while addressing the needs of the community and improving the overall quality of life of Flipinos," noted Romualdez.

The bill, which originated from the House Committee on Housing and Urban Development, provides that developers and their agents may be allowed entry to a unit during emergency situations where there is danger to life or property, or for maintenance purposes relative to common areas

As part of its key provisions, it reduces the voting requirement for the dissolution of a condominium corporation from 70 percent to a simple majority for projects that have been condemned or expropriated or projects that are no longer viable.

It reduces the voting requirement for the dissolution of a condominium corporation from 100 percent to two-thirds of the stockholders or members for projects that have been in existence for 30 to 50 years, and from 100 percent to a simple majority for projects that have been in existence for 50 years or more.

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House of Representatives Condominium Third and Final Reading
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