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A sale agreement on real estate is legally binding even without registration in the land register, the only requirement being certification of the agreement by a notary. Registration is required, however, in order for the new owner to sell or otherwise transfer the property, or enter a mortgage.
[22] [23] Imee Marcos accused House Speaker Martin Romualdez of spearheading the initiative for Charter change and questioned the initiative's motives, saying the restrictive economic provisions have already been addressed in the past Congress through the enactment of the Retail Trade Act, Foreign Investments Act, and Public Service Act. [17]
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 ...
Money is the most common form of consideration, but other consideration of value, such as other property in exchange, or a promise to perform (i.e. a promise to pay) is also satisfactory. Notarization by a notary public is normally not required for a real estate contract, but many recording offices require that a seller's or conveyor's ...
Republic Act No. 11201 signed by President Rodrigo Duterte on February 14, 2019. The law creating the Department of Human Settlements and Urban Development (DHSUD), Republic Act No. 11201, was signed into law by President Rodrigo Duterte on February 14, 2019, with the signing announced to the public by the government on February 19, 2019.
House Bills 114 and 3051 were filed in the House of Representatives in 2017 and endorsed by the Department of Agrarian Reform. The bills aimed to distribute land without the need for beneficiaries to pay amortization. [18] In 2022, House Bill 1161, or the Free Land Distribution Act, was filed in the House of Representatives. [19]
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In December 2006, House Speaker Jose de Venecia, Jr. attempted to push for the constitutional change process by convening the House of Representatives of the Philippines and the Senate of the Philippines into a Constituent Assembly, or "con-ass," one of the three modes by which the 1987 Constitution could be amended.