REPUBLIC ACT NO. 4726 AN ACT TO DEFINE CONDOMINIUM, ESTABLISH REQUIREMENTS FOR ITS CREATION, AND GOVERN ITS INCIDENTS. Sec. 1. The short title of this Act shall be "The Condominium Act". Sec. 2. A condominium is an interest in real property consisting of separate interest in a unit in a residential, industrial or commercial building and an undivided interest in common, directly or indirectly, in the...
PRESIDENTIAL DECREE No. 1529 AMENDING AND CODIFYING THE LAWS RELATIVE TO REGISTRATION OF PROPERTY AND FOR OTHER PURPOSES WHEREAS, there is a need to update the Land Registration Act and to codify the various laws relative to registration of property, in order to facilitate effective implementation of said laws; WHEREAS, to strengthen the Torrens system, it is deemed necessary to adopt safeguards to...
Commentary: This is the law that covers rentals or leases above ₱10,000 or those that are not covered by the Philippine Rent Law For Residential Units | Rent Control Act of 2009. If you're a would-be landlord, tenant or leasing manager, this is best resource to get up-to-speed with all the necessary knowledge on how to properly manage the rental/leasing venture. Remember, ignorantia legis neminem...
Commentary: I'm late to the party on this topic, but none the less, I'd like to contribute to the discussion. R.A. No. 9653 or Rent Control Act of 2009 is the law protecting residential tenants from unscrupulous landlords that raise rental fees to exorbitant amounts. One issue that I have regarding this law is the definition involving "Residential unit". According to this law, a residential unit is...
Commentary: I received a distress call yesterday evening, 26 April 2018. A client of mine had a friend who could not anymore continue his monthly payment to the developer of a house that he purchased. He has already paid ₱500,000, but now he can't continue because of an unexpected situation. This client was asking for advice on what his friend should do and where his friend should go. I wasn't always...
I have skin in the game (I have Bitcoin holdings, a good friend of mine is the top Bitcoin expert in Europe and I have plans to integrate Blockchain technology to one of our SaaS company), so I was itching to make this article. The recent ₱900,000,000 Bitcoin scam perpetrated by Arnel and Leonady Ordonio is both sickening and ludicrous. Sickening on one end as this scam leads to a lot of...
NTRC Tax Research Journal Vol. XXIX.6 November – December 2017 I. INTRODUCTION With the end view of democratizing wealth by allowing Filipinos from all walks of life to invest and participate in the ownership of income-generating real estate in the Philippines, Republic Act (RA) No. 9856 or the “Real Estate Investment Trust Law” (“REIT Law”) was passed by the Philippine legislature in 2009....
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