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The Land Registration Authority (LRA; Filipino: Pangasiwaan sa Patalaan ng Lupain) is an agency of the Philippine government attached to the Department of Justice responsible for issuing decrees of registration and certificates of title and register documents, patents and other land transaction for the benefit of landowners, agrarian reform-beneficiaries and the registering public in general ...
Instead, the United States Congress, influenced by agricultural interests that did not want competition from the Philippines, in the 1902 Land Act, set a limit of 16 hectares of land to be sold or leased to American individuals and 1,024 hectares to American corporations. [1]
The Torrens system was established in the Philippines on 6 November 1902, by the enactment of Act No. 496, "The Land Registration Act", which was virtually identical to the Real Property Act of Massachusetts of 1898. [35] [36]
The Philippine Criminology Profession Act of 2018 November 15, 2018 [27] 11148 Kalusugan at Nutrisyon ng Mag-Nanay Act (lit. ' Health and Nutrition for Mother and Child Act ') November 29, 2018 [28] 11663 National Bible Day Act December 20, 2018 [29] 11665 Telecommuting Act December 20, 2018 [30] 11666 Philippine HIV and AIDS Policy Act of 2018
It is the obligation of a real property appraiser to estimate the true market value of a property and not its market price. Frequently, properties are assessed at a value below their market values; this is known as fractional assessment. [5] Fractional assessment can result in properties that are assessed at 10% or less of their given market ...
A purchaser might pay £15,000 for a land plot that only has a current market value of £500. On this basis, most of the investment is not in land, and the small percentage annual increases in the value of the land plot are meaningless. The actual investment is in a proposed service to deliver valuable approved building land in the future.
President Joe Biden is commuting the sentences of nearly 1,500 people and pardoning 39 others in "the largest single-day act of clemency in modern history," the White House announced Thursday.
Land registration is governed by the Land Transfer Act 1952. [25] The Deeds system was introduced in 1841 [26] [27] and the Torrens system in 1870. [28] Both methods ran in parallel until 1924 when registration under the Land Transfer Act (Torrens system) became compulsory and a project to issue titles for all property was instituted. [29]