⌛ By property in Philippines

BUY PROPERTY IN PHILIPPINES..... sorry for the wrong spelling above.


I read the following statement on the thread "25 minutes to Paradise" I qoute...


"PS. Im sure you know that you can OWN non deeded property as a non Philippino."

Can anyone explain if their are any truth to the statement. What is non- deeded property? I appreciate your response.

Cheers, Ron

 

Hi Ron,
A foreigner can't own land here by law, and there is no such thing as deeded property property. There is land with a tax declaration and or titled land. However if you are married to a local lady, it is in her name, married to you, In theory she can't sell it without your permission. There are other options like lease and corporations that have been discussed on this forum, you might want to check out. hope this helps.
Ron

 

Another strange option for foreigners, according to my attorney. We can actually own the structures on the land but, of course, not the land. He suggested a long term lease of the house with permission to use the land during the term.

A problem with land leases, apparently, is that if/when one of the parties dies, (the wife, for example) the lease ends. There is no such thing as heirs or assignees or others being allowed to continue using the house/lot for the rest of the original term of the lease. In the States, it's established law that the lease does continue after death unless specifically stated otherwise in the document.

One way around that is to lease the house/lot through a corporation. Since corporations can be designated to last in perpetuity, then the death of the wife doesn't end the lease. Of course, there are real problems with corporations here, too.

In Washington State I can form a new corporation, online, in about 15 minutes for a couple hundred bucks. Here, it may take as long as a year and cost a lot more. And, as an expat, you cannot legally own the controlling share.

Modern day Philippines gives new meaning to the term Dark Ages.............

 

As I said in another thread 8 or 9 months ago, I found a beautiful 2 story house on the water, completely finished on the outside, and unfinished on the inside. I called on it and was told that yes the house is for sale by "party A" but the land belongs to "party B". This is a very big beautiful house. And the owners of the house had no idea if or for how much the land was for sale for.
I don't quite understand the logic behind building the house on someone elses land.
And the house still sits there, for sale, but now has squatters operating a vehicle repair shop next to it.

 

It happens all the time here when a foreigner build a house on the lot of his wife or girlfriend.

 

Or someone with connections suddenly shows up with a crude drawing in Crayon and 'proves/buys' in court that the land is his. Seen that happen...well, not in crayon....pencil actually....

 

A friend of mine, very wealthy and powerful Pinoy, was forced to put labels to the perimeter of his lot, in Quezon City, stating "this lot is not for sale" to
discourage possible buyers..! How ? Someone, out of the blue, not relative or "enemy" claimed it was his property. Despite the charges against him, he put the labels just to be sure..

 

That is a very familiar story...LOL...we had relatives lose their house to a senior army officer in QC...along with a couple adjoining neighbours...some lame drawing, histrionics about the family land and WWII....They fought it but lost. Ran out of pesos....

 

What about a house built on stilts or a boat house?? :D:D:D

 

So my friend in the mountains here invited me to build a house on his land and come any time to stay,there is lots of room here in Mt. Silay area where they have land..I asked about the title to the land and they said it has been title less passed down by local family oral records since no one remembers,i asked if the house across the yard was theirs and they said no-that those guys showed up claiming property boundry into their lot and the defendant who is a Bacolod govt.official ,seceeded and has neighbours now who he works with on communal building projects on his land and theirs regardless of claim disputes in the past...they said the title less lands are common in the mountain country of the probvinces