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8 cze 2024 · Real estate transactions in the Philippines are primarily governed by the following laws: Civil Code of the Philippines (Republic Act No. 386): This code outlines the general principles of property ownership, contracts, and obligations.
21 cze 2023 · A fire sale in real estate occurs when a property owner is forced to sell their property quickly and at a significantly discounted price due to financial distress. This distress can be caused by various factors, such as personal financial difficulties, economic downturns, or unexpected circumstances.
15 lip 2021 · Finding fire sales as an opportunity in Philippine real estate investments. Previously, “fire sales” were defined as the discounted sale of smoke-damaged assets as a result of a fire. At the moment, fire sales pertain to the purchase and sale of properties at drastically reduced prices.
A complex system of laws, rules and regulations apply to real estate and real estate transactions in the Philippines. Key prohibitions on the ownership and disposition of lands are found in our organic law (i.e. the 1987 Philippine Constitution) while incentives and other regulatory
LAWS RELATED TO VESSELS AND SHIPPING IN THE PHILIPPINES. Category: Transportation Laws. CODE OF COMMERCE. ARTICLE 573. Merchant vessels constitute property which may be acquired and transferred by any of the means recognized by law.
Discover the essentials of Philippine real estate laws in this comprehensive guide. Get insights on ownership, transactions, tenant rights, and more. Navigate the legal landscape with confidence.
The sale of real estate considered as an ordinary asset is also subject to value-added tax equivalent to 12% of the purchase price. The execution of the document evidencing the absolute sale of the real estate will attract a documentary stamp tax equivalent to approximately 1.5% of the purchase price.
