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Category Archives: Real Estate Laws

Know Your Rights under Republic Act 6552 (Maceda Law)

Defaulting Payments – Know Your Rights under Republic Act 6552 (Maceda Law)

Knowing your rights as purchaser of a real estate property under the Maceda Law, will mean a huge difference. It can mean losing everything you have put in for your investment, or getting at least 50% of it back, when

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Sale With Assumption of Mortgage: How Does It Really Work?

Sale With Assumption of Mortgage: How Does It Really Work?

One of the less common way to sell a property is through a Sale with Assumption of Mortgage. And because it is not the usual way of selling real estate, many people are not familiar with it. We even see

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Contract to Sell v. Contract of Sale

Contract “to Sell” vs. Contract “of Sale”

How is a “Contract to Sell” different from a “Contract of Sale”? Such a small variation in the words, but such a huge difference in meaning and effect. To the sharp observer, the difference is easy to see. But to

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Property Rights: Legal Wife vs. The Other Woman

The Little-known Property Rights of the Legal Wife vs. That of the Other Woman

Sometimes people just have too much love to give that one person is not enough to receive it all! …and of course that’s just a joke. 😀 People may have all sorts of reasons, but the effects of these decisions

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Property for Sale in Philippines: Can Foreigners Own Them

Property for Sale in Philippines: Can Foreigners Own Them?

When foreigners come across a good property for sale in Philippines, a few questions come to mind quickly. One of the very first of these questions is also the most important. Can foreigners own real estate in the country? The

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The Basic Taxes Involved in a Sale of Real Estate Property

The Taxes Involved in a Sale of Real Estate Property

It has been said that one can only be sure about two things in this life – death and taxes. But we’re gonna have to talk about first one some other time. In this post, we’ll be talking about taxes.

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Rental Control Act of 2009 (RA 9653) for Landlords & Tenants

Rent Control Act of 2009 (RA 9653): What Landlords and Tenants Need to Know

Are you a landlord? Or a tenant? You might have heard that the Rent Control Act of 2009 has been extended until December 31, 2017. This law is beneficial for both landlords and tenants because it protects both parties from

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P.D. 957 - Your Protection Against Real Estate Misrepresentations

P.D. 957 – Your Protection Against Real Estate Misrepresentations

Presidential Decree No. 957 otherwise known as “Subdivision and Condominium Buyer’s Protective Decree” was initiated by the late President Ferdinand Marcos on July 12, 1976 and applied with the latest revised implementing rules and regulations in 2009. The primary purpose

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What Happens To a Condominium After 50 Years

What Will Happen To a Condominium Investment After 50 Years?

This is one of the most common concerns raised by condominium buyers. And it is a very relevant question to ask especially since we are talking about millions of money here. In the Philippines, there is a law that protects

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VAT Update RR 13-2012

VAT Update RR 13-2012: Concerns and Implications to Sale of Adjacent Properties

As an owner, buyer, or seller of adjacent properties, you might be familiar with this practice. Some sellers of adjacent real estate properties document the sale as sale of separate units even when both properties are sold to and will

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