PD957 - THE SUBDIVISION AND CONDOMINIUM BUYERS' PROTECTIVE DECREE - Episode 1 - ALE Review

From this video presentation, you can see a sample question about the minimum and maximum standard Dimensions,, rules and regulation, Site Criteria, Planning Consideration, Layout, pertaining to the PD957 also known as REVISED RULES AND REGULATIONS IMPLEMENTING THE SUBDIVISION AND CONDOMINIUM BUYER'S PROTECTIVE DECREE (PD 957) AND OTHER RELATED LAWS. What is PD957? P.D. 957 is a law that seeks to regulate the sale of subdivision lots and condominiums in view of the increasing number of incidents wherein “real estate subdivision owners, developers, operators, and/or sellers have reneged on their representations and obligations to proved and maintain properly” the basic requirements and amenities, as well as “reports of alarming magnitude… of swindling and fraudulent manipulations perpetrated by unscrupulous subdivision and condominium sellers and operators.” As such, P.D. 957 requires the registration not just of the developers, seller, brokers and/or owners of the project but also of the project itself. Upon the registration of the project, a license to sell must be obtained prior to the sale of the subdivision lots or condominium units therein. The law also provides for the suspension and revocation of the registration and license in certain instances, as well as the procedure to be observed in the event thereof. Finally, the law provides for administrative fines and other penalties in case of violation of, or non-compliance with its provisions.