5 Documents Required for Transferring Land Title
Are you planning to buy a house but don't know the ins and outs? Or you're selling a property and wondering what you'll need to transfer a land title? No matter what the case, we're here to help you out. As we all know, buying and transferring property can be time-consuming.
Apart from knowing the basic real estate laws, it requires a lot of paperwork, which can be frustrating. But what are the documents needed for transferring a land title? To find out, read on as we share the 5 documents required to transfer a land title in the Philippines
1. Deed of Absolute Sale (DOAS)
The Deed of Absolute Sale serves the contract when you purchase a piece of property. This document legally transfers the property's complete ownership from the seller to the buyer. After the Deed of Absolute Sale is signed and executed, the seller/previous owner can no longer claim the property since it's completely transferred to the new owner.
It should be notarized by a lawyer and signed by two witnesses. During the notarization, all the signatories in the deed or the seller and buyer should present two (2) valid IDs. In addition, you should secure the deed's official receipt of notarization from the Notary Public. Prepare one (1) original copy and eight (8) photocopies since you have to submit them to different parties.
2. Transfer Certificate of Title (TCT)
Another document you should secure is the Transfer Certificate of Title (TCT), the title of the property you're purchasing. You should get the original and certified true copy (CTC) of the TCT. Prepare at least three (3) copies of this document. To obtain the TCT, visit the local Registry of Deeds or the Land Registration Authority (LRA) Central Office on East Avenue corner NIA Road, Quezon City.
3. Certified True Copy of Tax Declaration
The city's Assessor's Office issues the Certified True Copy of Tax Declaration if the property owner or their authorized representative requests it on their behalf. Furthermore, you should secure two Tax Declarations to transfer a land title, one for improvements and the other for land. If the property you're purchasing is a vacant lot or has not improved at all, obtain a Certificate of No Improvement. Then, prepare the Certified True copies and two (2) photocopies of the latest Tax Declaration.
4. Certificate of Non-Delinquency
Now, the Certificate of Non-Delinquency is very important. This document proves that the property has no debt in Real Property Tax, serving as a tax clearance. It verifies that the property’s land and improvements have settled the payment for Real Property Taxes. You can get the Certificate of Non-Delinquency at the municipal or city Treasurer’s Office. To obtain this certificate, prepare the following requirements:
After securing the stated documents, you can proceed with the transfer of the lot title. Also, don't forget to prepare a Special Power of Attorney (SPA) if you've authorized a representative to transfer the lot title on your behalf.
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