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  2. Philippine Real Estate Laws

Philippine Real Estate Laws

RESA LAW: Code of Ethics for Real Estate Service Practitioners

RESA LAW: Code of Ethics for Real Estate Service Practitioners

RESA LAW: CODE OF ETHICS AND RESPONSIBILITIES for Real Estate Service Practitioners Pursuant to Section 5 (f), Article II and Section 35, Article IV of R.A. No.9646, otherwise known as “Real Estate Service Act of the Philippines”, the Professional Regulatory Board of Real Estate Service (PRB-RES) subject to the approval by the Professional Regulation Commission […]

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Laws on Property Ownership in the Philippines

Laws on Property Ownership in the Philippines

Laws on Property Ownership CONCEPT OF OWNERSHIP Real Estate Philippines Ownership is the independent right of a person to the exclusive enjoyment and control of a property including its disposition and recovery subject only to the restrictions established by law and rights of others. RIGHTS INCLUDED IN OWNERSHIP Fee simple consists of the so called […]

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Rights and Responsibilities of a Condo Unit Owner

Rights and Responsibilities of a Condo Unit Owner

Condo owner responsibilities: Rights and responsibilities of a condo unit owner: Absolute ownership of his unit Co-ownership of land and common areas Exclusive easement of the space of his unit Non-exclusive easement to common areas for ingress or egress Right to sell, lease, or mortgage his unit Right to repair, paint, decorate the interior surface […]

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Can a Foreigner Own Real Estate in the Philippines?

Can a Foreigner Own Real Estate in the Philippines?

RIGHT TO OWN CONDOMINIUMS: Real Estate Foreign Ownership Foreigners can buy and enjoy 100% ownership of a condominium unit in the Philippines provided that the condominium project or developer maintains 40% Foreigner and 60% Filipinos of the ownership of units in any Condominium project. RIGHT TO OWN LAND Foreigners cannot buy land in the Philippines […]

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