WHAT ARE THE DIFFERENT TYPES OF PROPERTIES AVAILABLE? WHAT IS THE DIFFERENCE BETWEEN A SUBDIVISION LOT, CONDOMINIUM, AND CLUB SHARE?
APPMI offers subdivision lots in tagaytay, house and lot units, condominium units and membership club shares. Subdivision lots are parcels of land within a subdivision project that are each covered by an individual title (i.e., transfer certificates of title or TCT’s) from the register of deeds. A Subdivision lot may be sold with a particular type of dwelling unit constructed on it, Which may be a single- detached house or a townhouse. The use and occupancy of subdivision lot and common areas, such as open spaces and roads, in a subdivision project are governed by a deed of restrictions, which formulated by the developer. Condominium units are also covered by individual titles (i.e., condominium certificates of title or CCT’s) from the register of deeds. A condominium project is covered by the master deed with declaration of restrictions, Which constitutes, among others, the description of the land, building, common areas, facilities, intended purpose of the building, and the statement
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