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Philippine Real Estate Laws |
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Philippine
Law Real Estate Acquisition and Disposition
Definitions |
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a..
Acquisition is the act of procuring or getting a hold
of real estate property. Disposition is the manner of
alienation, transfer of possession and ownership
thereof as prescribed by the Philippine law. The
acquisition and disposition of real estate is embodied
in written agreements or contracts voluntarily entered
into and subscribed by the selling and buying parties
thereof, before a public officer designated as the
Notary Public of the City or Province where the
subject property is located. Thereafter, the
instrument embodying the particular real estate
transaction is required by law to be recorded in the
Registry of Deeds in the City or Province where the
real estate property is involved and located. The
Philippines uses the "Torrens" system of real estate
ownership. See below for more information. |
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Disclaimer: |
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The information above has been obtained from
sources believed reliable. While we do not doubt its accuracy
we have not verified it and make no guarantee, warranty or
representation about it. Everyone is advise to
independently confirm its accuracy and completeness. Any
projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future
performance of the property. The value of this transaction to
you depends on tax and other factors which should be evaluated
by your tax, financial and legal advisors. You and your
advisors should conduct a careful, independent investigation
of the property to determine to your satisfaction the
suitability of the property for your needs. |
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