I have read that if you buy more than 5 hectares of of agricultural land that the CARP act can be used against you to make you relinquish control off your land, but I still see huge tracks of land available for sale. Can anyone explain this?
Hacienda Luisita, the farm of the Aquino family is more than 6,000 hectares big and the owners are involved in a law case that last for more than 20 years now. If you don't want to be a victim of land scams stay far,far away from any transaction that is even near the limit of the law. Keep in mind that at least 90 % of all land that is offered to you is problem property. Be very,very,very alert in buying property in the Philippines,and never believe someone who knows the brother of a friend who has connections ....and can fix an iregularity for a small fee.
by law the maximum you can own is 5 hectars beyond that is subject to CARP, your kids are entitled to 3 hectars when they are 15 years old and up.
