What fines can a person face for gross negligence regarding the Magna Carta for homeowners?

The correct answer reflects the legal framework established by the Magna Carta for homeowners, which outlines penalties for violations related to housing and property management. In the case of gross negligence, the law specifies a fine range that underscores the seriousness of such offenses in maintaining standards and protections for homeowners.

A fine of no less than P 5,000 but not more than P 50,000 indicates that the legislation aims to impose significant financial repercussions to deter gross negligence that could harm homeowners or compromise their rights. This penalty structure also serves to promote accountability among property developers and local government officials by establishing a clear consequence for failing to uphold their responsibilities.

The other options present amounts that do not align with the statutes set forth in the Magna Carta for homeowners, illustrating a misunderstanding of the law's intent to enforce balanced oversight while protecting homeowner interests. The specified range acknowledges varying degrees of severity in violations, allowing for appropriate punitive measures that reflect the impact of gross negligence on the affected parties.