the mansion in Baguio as a presidential museum?Baguio City, Philippines – According to the statement made by First Lady Liza Marcos, a new presidential museum will be constructed in Baguio City to encourage local and foreign tourists to get to know all the presidents of the Philippines without the need to undergo strict protocols such as those being implemented at the Teus Museum in the Malacanang compound.
The presidential museum would allow visitors to learn about the life and works of each Philippine president who served the country. It will be built at the Mansion House, one of the tourist attractions in the City of Pines. Just like the Teus Museum, it will be designed to attract students and the youth so that they will understand the life of each president on a deeper level. Entrance fee is free to help promote the new educational spot that will be constructed in the city. Currently, The Mansion is the official summer house of the incumbent President of the Philippines. The soon-to-be-built museum will display the beauty of the barong that is worn by all the leaders, willingly donated by each president’s families. There will also be other memorabilia that will be featured according to the First Lady. Meanwhile, now is the best time to invest in a real estate property in Baguio City with the impending construction of the new presidential museum at The Mansion as well as the growing tourism in the Summer Capital. Apart from that, the rising value of properties in the highlands is a good reason to explore business opportunities in the city. However, it’s important to make sure you consult a real estate agent in Baguio in order to determine which area in the city is the best for your property investments.
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Real Estate Industry in the Philippines - Opportunities and ChallengesIn recent years, the Philippine real estate industry has experienced rapid development. As one of the main drivers of the nation’s economic growth, real estate provides employment opportunities and an income stream to many Filipinos.
However, developers and property owners should know the challenges they may face before investing in real estate. To help you out, we’ve listed the opportunities and challenges in the Philippine real estate market, so read on. Opportunities High Demand for Affordable Housing One of the opportunities why you should invest in the Philippine real estate industry is the high demand for affordable housing. The continuous urbanization in the country led to the increasing demand for low-cost housing projects. Nonetheless, there’s a lack of economical housing in the country. That’s why developers who can handle and take advantage of this opportunity have a high chance of succeeding. Expansion of the BPO Sector In 2019, the Business Process Outsourcing (BPO) sector employed around 1.3 million Filipinos, growing by 8% to 10% annually. As the BPO sector continuously expands, the demand for office space also increases. The Philippines became a center for BPO companies, thanks to the competitive costs, beneficial environment for business, and knowledgeable and highly skilled workers. Thus, real estate developers should grab this opportunity by creating more office space. Growing Tourism Industry While tourism took a step back during the pandemic, the industry experienced significant growth in the past few years. Dubbed the “Pearl of the Orient Seas,” many tourists love the Philippines for its natural and picturesque landscapes, deep history, rich culture, and hospitable people. So, it’s no surprise that the Philippines attracts millions of tourists yearly. Whether you're a developer or entrepreneur, investing in the Philippine real estate market will generate long-term revenue. From hotels and resorts to condos and rental homes, these are some tourism-related infrastructures where you can invest your money. Rising Number of OFWs Apart from that, the rising number of Overseas Filipino Workers (OFWs) contributed a lot to the real estate market of the Philippines. Many OFWs are investing in real estate for their families or as a source of income, resulting in the increasing demand for vacation homes and rental properties. So, if you're planning to invest in the Philippine real estate industry, providing properties that cater to the needs of OFWs is expected to be successful. Challenges Competitive Market Like any other business, competition is an inevitable challenge that potential investors will face. Since many established developers and newcomers compete for a share of the Philippine real estate market, it will be difficult for novices or small-scale competitors to obtain a foothold. On the contrary, competition is common in profitable sectors, so knowing how to deal with it is vital. Insufficient Option for Affordable Financing Investing in real estate requires substantial capital. That’s why many developers look for economical financing to join the market. However, the Philippines offers insufficient options for affordable financing, making it more difficult for developers to obtain the required funds and invest in the market. Unlike established players, smaller developers often experience insufficient affordable financing options. Complicated Process to Obtain Property Titles Many developers experience complicated and time-consuming processes to obtain property titles. It is one of the reasons real estate developers can't proceed and efficiently facilitate their projects, causing delays and additional costs. Thus, real estate developers and investors should consider this problem before investing. Problems with Developing Infrastructure Infrastructure development affects the real estate industry, from public transportation to roads and bridges. But in the Philippines, developing infrastructure has always been slow and inconsistent. Many areas also don't have essential infrastructure to bolster real estate development. Hence, developers have to collaborate with the government to address this issue. Conclusion In summary, the Philippine real estate industry provides significant profit to developers and investors, given they acknowledge the opportunities and challenges in the market. Furthermore, addressing these challenges is possible by cooperating with the government and private sectors. Investors are also encouraged to look for alternative financing options to facilitate the project completion. By doing so, real estate developers and investors will most likely enjoy lucrative rewards in the long run. Real estate is one of the best investments you can put your hard-earned money. It's a solid and long-term investment that offers passive income opportunities. If it's your first time investing in the Philippine real estate market, it's crucial to research to know when and where to invest. It will allow you to understand the risks of investments and make a sound decision to ensure revenue.
So, if you’re eyeing to invest in Pearl of the Orient Seas, keep reading as we share the types of real estate investments in the Philippines. Buy and Sell In the Philippines, one of the top investments you can consider is buying houses and properties. It's a rewarding investment where you can enjoy the flourishing real estate market. This type of real estate investment in the Philippines will most likely provide significant profit and financial security in the long run. When you opt for this investment, it involves flipping properties. First, you'll purchase a low-cost property and fix it. Afterward, immediately resell it at a higher value to earn profit. Buy and Hold Another type of real estate investment in the Philippines is to buy and hold. This strategy involves buying a property and keeping it long-term. You can use or rent it out to earn profit. Once the value of the said property appreciates, you can sell it to generate revenue. Rental Properties Consider investing in rental properties if you're looking for a passive income. It involves renting or leasing residential, commercial, and vacation properties. From single-detached homes, apartment buildings, vacation homes, condominium units, and commercial or office space, these are the options you can choose from to invest in rental properties. Real Estate Investment Trusts (REITs) If you want to invest in diverse investments with less capital, opt for Real Estate Investment Trusts (REITs). With the help of REITs, you can purchase various properties since they will finance income-producing real estate. This type of investment is from the concept of mutual funds, involving numerous investors. It allows individual investors to generate returns from real estate investments. Most importantly, investors who choose REITs no longer need to buy, manage, or finance the properties, making it a less demanding investment option. Shared Ownership Properties Under this type of investment, qualified buyers or investors can share property ownership. Generally, the share of ownership is around 25% and 75%. Then, pay the remaining portion as rent, which can be a profit-generating investment. However, shared ownership properties require complex management. Therefore, we recommend looking for trustworthy partners for those who plan to invest in the Philippines through this strategy. Also, don’t forget to hire lawyers who will protect your investment interests. Co-op Investments For those who want to do business with a corporation, go for the co-op investments. With this strategy, you can purchase shares in a corporation with ownership of the whole building. If you choose this type of investment, owning shares will give you the right to reside in a unit within the building. On the other hand, this investment is not the same as traditional properties where you own a specific property or unit. Instead, co-op investments offer a stable revenue stream. Investors will also enjoy tax benefits. However, this strategy requires additional effort compared to other real estate investments. Forest and Structural Fires Hits Baguio - CordilleraForest fires often occur in vast vegetation, which makes it difficult to control and extinguish. It usually starts due to the surface or ground's heat and combustion, resulting in uncontrollable fire. These fires may begin from natural and human-induced causes, like lightning, electric sparks, or cigarettes. Recently, there have been surging forest and structural fires in Baguio and other parts of the Cordillera region. These fire incidents led the Cordillera Regional Disaster Risk Reduction and Management Council (CRDRRMC) to call for community unity in implementing measures to help prevent forest fires.
According to Albert A. Mongol, the Office of Civil Defense regional director and CRDRRMC chairperson, forest lands are significant for the community and future generations. Hence, unified, proactive, and community-based measures are necessary to fight forest fires throughout the Cordillera region. The organization states that the concerned stakeholders in the community should collaborate to prevent fire incidents to ease the needed efforts for the ordinary members of society. Mongol also stressed that local support is vital in empowering and educating communities to counteract incidents of forest fires that started surging. As per the Department of Environment and Natural Resources (DENR) incident report for January 2024, about 680.07 hectares were affected by forest fire incidents in different areas in Cordillera, including 65.35 hectares of forest plantation. In two months of 2024, the Cordillera Administrative Region recorded 41 forest fires and 14 structural fire incidents. These incidents alarmed the authorities, including the Bureau of Fire Protection (BFP), Police Regional Office-Cordillera (PROCOR), local government units, and health officials, promoting intensified public awareness and preparedness within the community. Based on the data given by PROCOR, there were fire incidents throughout the region. From January 1 to February 27, Baguio recorded 16 forest fire incidents and 13 in Benguet. Mountain Province also had 11 forest fire incidents, while Apayao recorded 1. Aside from that, structural fires occurred in various areas, including Abra, Baguio, Benguet, Ifugao, and Mountain Province. However, Benguet recorded the highest fire incidents, damaging 623.73 hectares of land. Meanwhile, the damages in Abra reached 49.44 hectares and 6.9 hectares in Mountain Province. That’s why BFP Cordillera strengthened fire prevention and control measures. The Philippine Air Force (AFP) also lend a helping hand to the municipalities of Tuba and Baguio City by dispatching a Huey helicopter to extinguish the forest fire at Mount Sto. Tomas. In February, Mount Sto. Tomas was hit twice by forest fires. Major forest fires also transpired in Camp 6 and fan out to the Philippine Military Academy forest reservation, destroying pine forests of about 25 hectares. In addition, Baguio did not experience significant rainfall in a month. Strong winds also caused the fire to spread faster, while the ashes covered the city's central business district. Therefore, the CRDRRMC issued Memorandum No. 18 series of 2024, instructing members of DRRM councils and all concerned agencies to administer and impose forest fire management measures. In the said memorandum, CRDRRMC proclaims that all forests susceptible to natural or human-induced fire causes should undergo proper evaluation, inspection, and surveillance. The memorandum also states that concerned stakeholders should ensure the implementation of mitigation and interventions to prevent fire incidents. Furthermore, CRDRRMC reiterates the strict implementation of Republic Act No. 9003, titled the "Ecological Solid Waste Management Act of 2000." This act prohibits burning trash in the open. Establishments should also install fire breaks, lanes, and other similar features that help prevent fire. Reasons to Invest in the Philippine Real Estate MarketAccording to statistics, the real estate market in the Philippines will hit US$6.06 in 2024. Meanwhile, the annual growth rate will reach 2% from 2024 to 2028. However, although investing in real estate is profitable and offers favorable opportunities, it's vital to understand the market before considering buying a piece of land, house-and-lot, or condo.
So, the question is, why buy a property in the Philippines? To find out, keep reading as we’ve listed down the reasons to invest in the Philippine real estate market. 7 Reasons to Invest in the Philippine Real Estate Market 1. Affordability One of the top reasons to invest in the Philippine real estate market is the affordability of properties. Contrary to other markets in industrialized countries, the value of real estate properties in the Philippines is somewhat economical. Thus, many local and foreign investors are attracted to invest in the country due to the advantageous return on investment. 2. Demographic Edge Another reason to invest in Philippine real estate is demographic advantage. It's high time to invest in the market due to the country's growing young population. The majority of the population enters the workforce and simultaneously creates new households. As a result, the demand for real estate increases, specifically in residential and commercial properties. 3. Economic Growth In recent years, the Philippines has been undergoing stable economic growth. Its gross domestic product (GDP) is also developing steadily. Generally, an increase in GDP indicates that the country's middle class is growing, including their purchasing power. Hence, the country's economic growth will contribute to the rising demand for real estate properties. 4. Surging Property Values Aside from that, the value of real estate properties in the Philippines is continuously rising. During the last few years, multiple areas in the country have experienced a surge in property values. As the market value of investments appreciates, many investors who keep their properties for the long term may benefit from substantial gains. 5. Tourism Industry Known for its natural landscapes, stunning beaches, rich biodiversity, and lively culture, it’s no surprise that the Philippines has a profitable tourism industry. Apart from Filipino hospitality, the country's tourism contributes to its economy. That's why there's a high demand for hospitality-related real estate properties in the Philippines, from hotels and resorts to condos and vacation rentals. 6. Urbanization & Infrastructure Expansion In the past few years until the present, the Philippines has been experiencing impressive urbanization, and the development of infrastructures is evident in various places. From new roads, bridges, metropolitan areas, and public transportation systems, the country's rapid development helps improve the quality of life. Therefore, investing in Philippine real estate is ideal as the new investment opportunities will increase further. 7. Multiple Investment Options Most of all, the Philippine real estate market provides multiple investment options. Investors can choose from residential to commercial properties or invest in mixed-used developments and agricultural land. The diverse options offered by the country empower potential investors to customize their strategies based on their risk tolerance or preferences. Summary But similar to any other investment, there are risks in investing in the Philippine real estate market. Investors must conduct thorough research and adequate assessment. By doing so, they can make wise investment decisions by understanding the possible challenges, legal regulations, and dynamics of the Philippine real estate market. Furthermore, investors must consult with financial advisors, real estate, and legal experts who can help them navigate the intricacy of the local market, allowing them to make informed investment choices. These reasons to invest in the Philippine real estate market only serve as a guide. So, it's still best for investors to seek guidance from financial advisers and real estate professionals. Panagbenga Festival 2024 - Schedule of ActivitiesPopular to tourists for its cool temperate climate, Baguio City has plenty of things to offer, from its beautiful landscapes with lush highland forests to the freshest produce, like the sweet red strawberries. Aside from that, the Summer Capital of the Philippines is a fun and festive place to visit, especially in February, when the Baguio Flower Festival occurs. It's a colorful and vibrant festival that offers an unforgettable experience, boasting Baguio's culture, creativity, and beauty.
If you’re ready to immerse yourself in this one-of-a-kind experience, read on as we share the Baguio Flower Festival 2024 Schedule (Panagbenga)! Baguio Flower Festival 2024 (Panagbenga) Also known as the Panagbenga Festival, the Baguio Flower Festival is an official event that can only be experienced in Baguio City. It's an annual celebration, which takes place in the first week of February to March when the region is in full bloom of beautiful and radiant flowers. The festival also features the Cordillera region's rich cultural heritage through exciting activities. That's why the Panagbenga Festival is a must-experience in Baguio City. Theme & Highlights The theme of the Baguio Flower Festival 2024, or Panagbenga, is “Celebrating Traditions, Embracing Innovation.” Since this highly anticipated event is a crowd drawer, the City of Pines has prepared plenty of activities showcasing artistry and cultural expression. The Grand Street Dancing Parade is the main highlight of the Baguio Flower Festival 2024, reflecting the Cordilleras' cultural heritage through lively dance productions and detailed costumes. Apart from that, the main event of the Panagbenga Festival 2024 is the Grand Float Parade throughout the streets of Baguio City, featuring magnificent floats embellished with vibrant flowers. Tourists can also enjoy other activities, like exhibits, a kite flying challenge, cultural dance competitions, and the Session Road in Bloom. Schedule of Activities Here’s the schedule of activities for the Baguio Flower Festival 2024 (Panagbenga):
Summary Overall, the Baguio Flower Festival 2024 (Panagbenga) is not just a celebration of the blossoming flowers. But it's more of a demonstration of the spirit and flexibility of the Cordillerans. Additionally, the Panagbenga Festival 2024 highlights the improvements of the city, rich traditions, and lively community. Therefore, the festival is a remarkable moment to experience the natural beauty and culture of Baguio City - a celebration loaded with fun and colorful memories! Baguio City Today - Latest News & TrendsBaguio City is one of the top tourist destinations in the Philippines, known for its cool climate, luscious parks, and mountainsides filled with enormous pine trees. Dubbed the "Summer Capital of the Philippines," Baguio is popular among tourists thanks to its romantic vibe, vibrant nightlife, and many shopping options. But what's new in Baguio City?
Read on as we’ve gathered the latest news and trends in Baguio that you should know about before taking your long-awaited vacation in the City of Pines. Local Irritability Since it’s a popular tourist destination in the country, locals and foreign tourists come and go to Baguio City. During February, tourists flock to the city to enjoy and witness the charming beauty of Panagbenga or the Baguio Flower Festival. When the weather in Baguio turns chilly, the influx of tourists also rises, especially during Christmastide. While it's good for tourism, it has increased local irritability. That's why the local officials aim to address the issue. According to local officials, they are now weighing the resources tourists utilize whenever they visit Baguio to efficiently deal with the road, water, and environment. Additionally, the officials seek to address the local irritability caused by heavy crowds and road gridlocks on weekends. Although a local official advises tourists not to bring their cars to go, it's not reasonable. Thus, the planning congress has discussed establishing a new tourism code in preparation for the Panagbenga Festival, which attracts the biggest crowd in the city. The local government seeks to understand and find a solution to why the residents of Baguio began resenting tourists who have contributed to the town's economy. Hence, Baguio is currently undertaking redevelopment utilizing studies on Urban Carrying Capacity. Diarrhea Outbreak Aside from the antagonism of locals on tourism, Baguio had an outbreak of acute gastroenteritis, which was declared by Mayor Benjamin Magalong. As per the Department of Health (DOH), based on the Baguio City Health Office's preliminary findings, the surge in diarrhea cases in the city started on December 21, 2023. Nonetheless, the outbreak’s critical period is already over. Therefore, health officials shifted their focus to determining the source and cause of the diarrhea outbreak in the city. Starting last January 9, 2024, the new cases of diarrhea continued dropping. As of January 14, 2024, there were only 14 cases reported, which significantly dropped from 520 last January 8. Furthermore, most patients recovered or are almost recovering, and there's no record of fatalities. According to the tests performed by the Research Institute for Tropical Medicine (RITM), patients from 10 hospitals have tested positive for sapovirus and norovirus. More tests are also performed according to officials of the Department of Health Epidemiology Bureau and City Health Services Office (CHSO). The test conducted by the CHSO showed that some water sources tested positive for E. coli bacteria. Nonetheless, there were no bacteria found in the Baguio Water District. Meanwhile, health officials encourage everyone to perform precautionary measures, such as frequent handwashing and drinking boiled or purified water only. Digital Payment Trends Although Baguio residents were irked by the influx of tourists, the busy crowd meant more sales for local vendors. That's why some vendors introduced an innovative payment method in the Baguio City Public Market to make shopping more convenient for customers. Now, customers can pay via GCash when purchasing vegetables - a seamless, efficient, and cashless payment method for modern-day shoppers. This trend will benefit all buyers, from residents and tourists, making it easier to buy fresh produce. How to Refund Payment from Real Estate Developer for Delayed Turnover of Subdivision or Condominium ProjectAre you planning to buy your dream home in a subdivision? Or maybe you want to own a condominium unit in the city? Whether you're still thinking of buying or have already bought one, it's essential to know what measures to take in the event the seller or real estate developer fails to turn over your property as promised. Although no one wants to back out from purchasing their home, the best thing you can do is to refund all your payments if the real estate developer is delayed in completing the project based on their prescribed timeline.
But how do you refund your money from a real estate developer? To find out, read on as we share the four (4) steps on how to refund payment from a real estate developer for delayed turnover of a subdivision or condominium project. Step 1: Ask the developer for a 100% refund of payment. This process is simple. All you have to do is visit the developer's office and talk to the officer in charge. Inform them that you will cancel the purchase of the property since they're delayed in completing the project, and you'll refund all your payment. But if they don't agree to refund your payment, proceed to the next step. Step 2: Go to DHSUD. The second step is to visit the Department of Human Settlement and Urban Development (DHSUD) office. Here, you'll get a Notice for Conciliation. After obtaining the said letter, you can personally give it to the developer or let DHSUD send it. This letter invites the developer or seller of the property to visit the DHSUD office and discuss the problem. Once the developer receives the Notice for Conciliation, you can proceed to the third step. Step 3: Attend the Conciliation Conference. Through the Conciliation Conference, the officers of DHSUD, the buyer, and the developer/seller will discuss the problem face-to-face. The problem is usually resolved with the said conference. However, you should proceed to the final step in case the developer is coldhearted and does not agree to refund your payment even though they know they're delayed in delivering the project. Step 4: File a complaint at HSAC. Your last resort is to file a formal complaint at the Human Settlement Adjudication Commission (HSAC) if the developer or seller still doesn't agree to refund all your payment. This court is designed for complaints regarding problems in selling properties that involve a real estate developer. The function of HSAC is to exclusively hear and decide cases about real estate transactions and developments. Nonetheless, buyers usually don't reach this stage. Real estate developers are well aware that they don't have a chance of winning the case if the reason for the buyer's refund is due to the delayed turnover of a subdivision or condominium project. Consequently, buyers are protected by Presidential Decree (PD) No. 957, also known as the "Subdivision and Condominium Buyer's Protective Decree." The PD No. 957 safeguards buyers of condominium and subdivision projects from any fraudulent activities and misrepresentation of sellers, developers, and operators. It's a legal solution for buyers who want to refund all their payments from real estate developers for failing to deliver or complete the property as promised. With PD No 957, buyers are allowed a 100% refund of their payments, including the interest, given they can prove that the developer failed to deliver or complete the project at their prescribed timeline. Therefore, buyers should visit DHSUD to check the developer's timeline, proving they did not finish the project on time. References https://www.tiktok.com/@iam_romanjoe/video/7296087105892224262 https://lawphil.net/statutes/presdecs/pd1976/pd_957_1976.html https://cebuhousefinder.wixsite.com/cebuhousefinder/post/law-refund-when Delayed Turnover of Condo or Land Subdivision Development: Refunding Payment from Real Estate DeveloperBuying your dream home is a fulfilling achievement, especially for those who wish to live in the city or suburbs. However, real estate developers may experience problems throughout the construction process, causing delays in the project completion. If this ever happens to you, it will delay the turnover of your property for months or even years. But the question is, can you refund all your payments from a real estate developer for the delayed turnover of a condominium or subdivision lot?
To find out, read on as we answer the question, “Can you refund your money if the developer delays the turnover of a condominium or subdivision project.” We will also share legal tips to resolve this situation, so let’s get started. Can You Refund Your Money if the Developer Delays the Turnover? The answer is “yes!” You can surely refund your money if the real estate developer delays the turnover of the condominium or subdivision lot you bought from them. Regardless of the reasons, whether the developer canceled the project, did not complete it, or failed to deliver it as promised, their buyers will have a right to a 100% or full refund of all the payments they made, including its interest. However, buyers can only request a refund if the developer fails to complete or deliver the project at their promised timeline. Thus, buyers who want a refund should prove that the developer is behind their timeline to complete the project. You can check the developer's timeline in a government agency called DHSUD, which stands for Department of Human Settlements and Urban Development. This agency is where the developers submit their plans and timeline of turnover of their projects. By visiting DHSUD, buyers can get proof that the developer did not deliver their project on time, allowing them to refund all their payments. Presidential Decree (PD) No. 957 Now, let's talk about the legal grounds to refund all your payments from a real estate developer if they fail to deliver your property on the promised timeline. On July 12, 1976, the late President Ferdinand Marcos initiated the Presidential Decree (PD) No.957, also known as the "Subdivision and Condominium Buyer's Protective Decree." With this decree, buyers of subdivision developments and condominium projects can protect themselves against fraudulent acts and misrepresentations of developers, sellers, and operators. Furthermore, it's a legal remedy if the developer fails to complete the project. Under Section 23 of PD No 957: "Non-Forfeiture of Payments. No installment payment made by a buyer in a subdivision or condominium project for the lot or unit he contracted to buy shall be forfeited in favor of the owner or developer when the buyer, after due notice to the owner or developer, desists from further payment due to the failure of the owner or developer to develop the subdivision or condominium project according to the approved plans and within the time limit for complying with the same. Such buyer may, at his option, be reimbursed the total amount paid, including amortization interests but excluding delinquency interests, with interest thereon, at the legal rate." Conclusion Whether you paid in full or installments, buyers can request a refund of 100% of total payments, including the amortization interests, given they meet the decree's grounds. On the other hand, buyers cannot demand a refund just because they changed their mind. Therefore, buyers can only refund the total amount paid to a real estate developer due to their failure to complete or deliver the condominium or subdivision project based on the approved plans and prescribed timeline. In short, PD No 957 resolves the issue of delayed turnover to protect the welfare and rights of property buyers. Adverse Possession: How to Acquire a Property Without Buying Are you occupying a lot that is not yours legally or residing at a property with no one claiming ownership? Whichever the case may be, you're in the right place. If you're wondering if you can get a title for a lot you have been occupying for a long time, the answer is "yes." But how do you get a title for a property that is not yours?
How can you claim it if you don’t have any documents proving ownership? To find out, read on as we share how to acquire a property via adverse possession. What is Adverse Possession? Adverse possession refers to a legal process where a non-owner who occupies or possesses a piece of land of another person is granted a right to obtain title and ownership of the said property after residing for a certain period. Under this process, the occupant or possessor can apply for the property's title given they meet certain conditions, whether they continuously possess the property or infringe the rights of the true landowner. Despite unlawfully occupying unused or uninhabited land, adverse possession gives illegal settlers the right to acquire property without buying. Hence, it's often called squatter's rights or homesteading. Nonetheless, an occupant or disseisor must prove they meet several criteria, which may vary per state before the court allows their claim. For instance, most states require the claimant to provide a deed and proof of payment for the property’s taxes. Each state also has a different statutory period for adverse possession. For example, the state's predetermined statutory period is twenty (20) years. Adverse possession will be successful if the claimant or occupant continuously and exclusively uses or possesses the property. But the disseisor or occupant's claim under adverse possession will be invalidated if the true landowner performs or pays any maintenance on the property in the 19th year. Although this process may provide rights to non-owners, landowners can prevent adverse possession by taking necessary measures and fulfilling their obligations to their property. On the other hand, the law may favor the adverse possessor as a reward for productively using the land, given the true landowner sleeps on their rights. Therefore, you may acquire a property without buying it, given you meet the statutory requirements for adverse possession. You can even obtain legal title to claim ownership of the said property. How to Acquire Property via Adverse Possession? As stated in the Republic Act 10023, or " An Act Authorizing the Issuance of Free Patents to Residential Lands," a Filipino will obtain the right to get a title for a property that they have been occupying for a long time, given they have been staying at it for over ten (10) years. Furthermore, the property must be classified as alienable and disposable, which means it's not a protected land and not yet titled under other people’s names. This law aims to provide Filipinos with legal and titled residence. At the same time, the law punishes landowners who don’t use their property productively. But do note, acquiring a property through adverse possession can only be done once in your residence address where you've been residing for over ten (10) years. You must also comply with requirements before acquiring a property via adverse possession. Through RA 10023, you may apply for a title given the property you've occupied for more than ten (10) years meets the required land size based on the city or municipality of location. Most importantly, the property should not be needed for public use or service before the court allows your claim. Thus, you should meet and comply with the qualifications and requirements to apply for a Free Patent Title under RA 10023. |
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