Friday, June 12, 2009

What are the Modes in Acquiring Land for Foreigners in the Philippines


Modes of Acquiring Land:

  • Private Grant - voluntary transfer or conveyance of private property by a private owner, such as sale or donation.
  • Public Grant – acquisition of alienable lands of the public domain by homestead patent, free patent, sales patent, or other government awards.
  • Involuntary Grant – acquisition of private party against the consent of the former owner, such as foreclosure sale, execution sale, or tax sale.
  • Inheritance – acquisition of private property through hereditary succession.
  • Reclamation – filling of submerged land, subject to existing laws and government regulations.
  • Accretion – acquisition of more lands adjoining the banks of rivers due to the gradual deposit of soil as a result of the river current.
  • Prescription – acquisition of title by actual, open, continuous, and uninterrupted possession in the concept of owner for the period required by law.

A foreign national and or corporation may enter into a lease agreement with Filipino landowners for an initial period of up to 50 years, and renewable for another 25 years. Or lease the property in your Philippine Corporation name for an unlimited period of time.

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