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FINAL NOTES

DATES
Min floor area:
June 29, 2009 - RESA approved by the
President
Ceiling for Economic Housing
1700 M

July 30, 2009 - RESA Law took effect


July 21, 2010 - IRR issued by PRBRES
approved by PRC

Ceiling for Socialized Housing


450k

August 9, 2010 - Full implementation of


RA 9646 after effectivity of IRR
PAG-IBIG amount financed

June 16, 1966 passage of Condominium


Law

Within 450 K 4.5%


loanable 100% without
equity

LAWS

Over 450K 6.5%


EO 090

National Shelter Program


designated HLURB as the sole
regulatory body of housing and
land development

EO 209

Family Code 1988

EO 648

HLURB assume the functions of


NHA on real estate

BP 185

acquisition by a natural-born
Filipino citizen on residential
property

BP 220

An Act authorizing the Ministry


of Human Settlements (now
HLURB)
to
establish
and
promulgate different levels of
standards for economic and
socialized housing

PD 027

Tenants Emancipation Decree


for rice and corn lands

PD 157

Urban Land Reform Act

PD 892

discontinued
the
Spanish
Mortgage Law system of
Registration
(February
16,
1976)

PD 957

Subdivision and Condominium


Buyers Protective Decree
Max 70% saleable area, min
30% open space

PD 1216 defines
open
space
residential subdivision

in

PD 1529 Property Registration Decree


PD 2016 prohibits
the
eviction
of
occupants from ands identified
and proclaimed as APDs or
ULRZs and exempting such
land from payment of realty
tax (July 23, 1986)
PD 4726 Condominium Law
Act
2728

Brokerage Law

RA 496

Land Registration Act

RA 6552 Maceda Law of 1972


RA 6657 Comprehensive
Agrarian
Reform Law to 1988 (CARL)
RA 6732 ADMINISTRATIVE
RECONSTITUTION
OF
ORIGINAL
COPIES
OF
CERTIFICATES OF TITLES
LOST OR DESTROYED DUE
TO
FIRE,
FLOOD
AND
OTHER
FORCE
MAJEURE
(June 08, 1989)
RA 6809 Act which provides that age of
majority commences at 18
years as incorporated under
Article 234 of FC
Government

RA 8179 acquisition by a natural-born


Filipino citizen on commercial
property
RA 8371 ACT TO RECOGNIZE, PROTECT
AND PROMOTE THE RIGHTS OF
INDIGENOUS
CULTURAL
COMMUNITIES/
INDIGENOUS
PEOPLES

RA 4726 An Act to define Condominium,


Establish Requirements for its
Creation
and
govern
its
incidence

RA 7160 Local
1991

RA 7652 allows foreign investors to


lease (long-term) private lands
for a maximum of 50 years
renewable once for 25 years

Code

of

RA 7279 Urban
Development
and
Housing Act (UDHA) LINA Law

RA 8424 The Tax Reform Act of 1997


RA 8763 Home Guaranty Act
RA 8974 Expropriation Law of 2000
RA 9225 Dual
Citizenship
Law
(approved and signed by PGMA
on August 29, 2003)
RA 9646 RESA Law
RA 9653 Rent Control Law of 2009
RA 9700 CARPER
RA 9856 Real Estate Investment Trust
RA 9858 Act providing legitimization of
children born to parents below
marrying age
RA 9904 Magna
Carta
for
Homeowners
and
Homeowners Associations
Protects the rights of the
subdivision homeowners and
the homeowners association

RA
10023

Residential Free Patent Law of


2010

1920 Condominium existed in Europe /


World

This Act shall cover:


-

DOJ
Opinion
No. 44,
Series
of 1990

all lands that are zoned


as
residential
areas,
including townsites as
defined under the Public
Land Act; Provided, That
none of the provisions of
Presidential Decree No.
705 shall be violated.
Zoned residential areas
located inside a delisted
military reservation or
abandoned
military
camp,
local government units
(LGUs)
townsites
which
preceded Republic Act
No. 7586 or the National
Integrated
Protected
Areas System (NIPAS)
law

ruled that all agricultural lands


that are already classified as
commercial,
industrial
or
residential before June 15,
1988 no longer need any
conversion clearances even if
it is still devoted to agricultural
activity

Sec. 9. Priorities in the Acquisition of


Land. Lands for socialized housing
shall be acquired in the following order:
a) Those owned by the Government or
any
of
its
subdivisions,
instrumentalities,
or
agencies,
including government-owned or
controlled corporations and their
subsidiaries;
b) Alienable
domain;

lands

c) Unregistered
idle lands;

or

of

the

public

abandoned

and

d) Those within the declared Areas for


Priority
Development,
Zonal
Improvement Program sites, and
Slum
Improvement
and
Resettlement Program sites which
have not yet been acquired;
e) Bagong Lipunan Improvement of
Sites and Services or BLISS sites
which have not yet been acquired;
and
f) Privately-owned lands.
Section 20. Assessment Levels. The
assessment levels to be applied to the
current market values of real property for
taxation purposes shall be as follows:
residential lands 30%

Facts
agricultural lands 40%
1960 Condominium existed in US
commercial lands 50%

industrial lands 50%


Mineral Lands 50%

Focus
on
condominium
subdivision law

law

and