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Questions and Answers Regarding Real Estate Law in the Philippines

ARE YOU INTERESTED IN BUYING OR SELLING REAL ESTATE IN THE PHILIPPINES?


If so, you should be aware of the real estate laws that govern the industry and protect your rights and interests. These laws cover topics such as property rights, transactions, contracts, and regulations for real estate professionals. Here are some of the key laws you should know:

  • The Civil Code provides the general rules for real estate transactions, such as the requirements for a valid contract, the modes of acquiring ownership, and the remedies for breach of contract.
  • The Property Registration Decree establishes the system of registration of title over private land, as well as any interest in registered land that is less than ownership, such as mortgages and leases.
  • The Condominium Act regulates the ownership and management of condominium units and common areas, as well as the rights and obligations of condominium owners and associations.
  • The Subdivision and Condominium Buyers’ Protective Decree protects the rights of buyers of subdivision lots and condominium units against fraud, misrepresentation, and unfair trade practices by developers, brokers, and salesmen.
  • The Real Estate Service Act sets the qualifications, licensing, and ethical standards for real estate service practitioners, such as brokers, appraisers, assessors, and consultants.