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Affidavit of Loss

Affidavit of Loss

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Published by: Jahzel Dela Pena Carpio on Jun 16, 2012
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04/06/2014

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REPUBLIC OF THE PHILIPPINES)CITY OF _______ )S.S.X - - - - - - - - - - - - - - - - - - - - - - - -X
AFFIDAVIT OF LOSS
 
I,
 ___________ 
, Filipino, of legal age, single/married and a resident of __________________________, Philippines, after having duly sworn to in accordancewith law, hereby depose and say that:
 1.
I am a holder of a student Identification Card issued by _____________________________ ;
 2.
I lost said Identification Card on ____________________ and that I exerted allefforts to locate the same but I could not remember exactly where I placed/left itand it is considered lost for all legal purposes;
 3.
Said Identification Card was not confiscated by any officer of the law or theofficers of (name of school) by reason of any violation of any law, ordinance,presidential decree or rules and regulation of said university; and neither was itoffered as collateral for any loan;
 4.
I am executing this affidavit to attest to the foregoing facts;
 
IN WITNESS WHEREOF, I have hereunto set my hand this ______________ inthe City of _____________, Philippines.
 
 ________________ 
 Affiant
 
SUBSCRIBED AND SWORN to before me this _______________ in the City of __________, Philippines, affiant having exhibited to me his/her community taxcertificate with no. __________________ issued on _________________ at ______________ .
 
Doc. No. ________;Page No. ________;Book No.________;Series of 2006.
 
 
All about Conveyance
[ TNN ]
 
Though the Conveyance Deed is one of the most important documents for flat owners, many societies do not have it.Here are some things you must know
What is a conveyance deed?
A conveyance deed is a document that conveys the title of ownership of a property from the original owner to theultimate purchaser. All the flat owners must obtain conveyance deed for their structures, to become true owners of the entire structure and land attached to it.
What is the objective behind obtaining a conveyance deed?
As specified earlier, a conveyance deed transfers the ownership rights from the developer or the landowner to theflat owners. The first and foremost objective is to become the legal owners of the entire property. Obtaining free andmarketable title of the property is the most important objective.When a particular person or society has paid full consideration and is in possession of the property but the titledocuments are in the name of the original owner (developer or landowner), the purchaser does not have a free andmarketable title of the said property. It is only after obtaining the conveyance that the buyers derive free andmarketable title over the property.
What are the advantages of conveyance?
Here are some advantages of obtaining the conveyance deed from the developer: Getting the proper title Retainingadditional FSI, if any Property will be free and marketable Loan can be raised by mortgage Permission forreconstruction possible Construct additional floor/s by TDR Receive compensation on development
How can the flat owners obtain a conveyance deed of their building?
According to section 10 of Maharashtra Ownership Flat Act (MOFA), 1963, it is the duty of the promoter to submitan application to the Registrar for registration of a Co-operative Housing Society. This should be done within fourmonths from the date on which minimum number (60 per cent of flats) of persons required to form such anorganisation have taken flats.Once the society is registered , it is the duty of the promoter, as specified in section 11, to convey the right title andinterest in favour of the society within four months.
What if the developer does not fulfil his duties as specified in the MOFA?
According to section 13 of MOFA, if any promoter without reasonable excuse fails to comply with or contravenesmandatory requirements of section 10 and 11 then, he can be punished with imprisonment for a term, which mayextend up to three years or with fine or both. The flat owners can file civil or criminal cases against the promoter forcontriving the provisions of the Act.
What is the society expected to do once it obtains the conveyance deed?
After the conveyance deed is executed in favour of the society, the office bearers must apply to the Talathi / Revenue Officer or the city survey office for making necessary changes in the revenue records. There are prescribedforms to be filled to make the necessary changes.
 
Even the landowner will have to give his/ her consent for making the changes. After the said changes are done in therevenue records, the property card, or the 7/12 extract, form 6 extracts will be issued in the name of the society.Once this is done, the society becomes the complete owner of the propertymentioned therein.
Article 749 Importance of formalities for donations of real property
Art. 749.
In order that the donation of an immovable may be valid, it must be made in apublic document, specifying therein the property donated and the value of the chargeswhich the donee must satisfy.The acceptance may be made in the same deed of donation or in a separate publicdocument, but it shall not take effect unless it is done during the lifetime of the donor.If the acceptance is made in a separate instrument, the donor shall be notified thereof inan authentic form, and this step shall be noted in both instruments. (633)
A stockholder may wish to raise money for personal or business use. For this purpose, he mayobtain a loan from a lender. To secure payment of the loan, the lender may require the borrowerto pledge personal properties (such as shares of stock) owned by the borrower.A pledge is an agreement by which the borrower delivers to the lender (or a third person agreedupon by the parties) personal properties for the purpose of securing the fulfillment of anobligation (such as repayment of a loan), with the understanding that when the obligation isfulfilled (or in case of a loan, when the borrower pays the loan), the thing delivered is returnedby the lender to the borrower. The person who gives the pledge is called a pledgor, while theperson in whose favor the pledge is given is called the pledgee.The basic steps in creating a pledge over shares of stock are:1. Negotiation, execution and notarization of the pledge agreement (often called a deed of pledge);2. Delivery of the thing pledged to the pledgee (or an authorized third person);3. Payment of the documentary stamp (DST) tax on the pledge and the filing of theappropriate return with the Bureau of Internal Revenue (BIR).
Let’s discuss each of those steps:
 
1. Pledge agreement
 The basic pledge agreement will contain the following:(a) the name and other personal details (e.g., civil status, citizenship, address, etc.) of thepledgor and the pledgee;

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