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What is Land Acquisition
Sale- is a contract where one of the contracting parties obligates himself to transfer
the ownership of and to deliver a determinate thing and the other to pay therefore a
price certain in money or its equivalent. (Art. 1458 Civil Code)
Parties: Buyer -Seller
Note: Pacto de Retro Sale- (period of redemption- not to exceed 10 years)
Expropriation- the process where private lands are taken by the Government
for public use upon payment of just compensation. (in the exercise of
the States Power of Eminent Domain)
○ The act whereby one who has claim over the property cause the writing of entries
on the title that signify that a property is subject to a transaction entered into by
the owner or its representative.
Steps in Registration/Annotation Process
• Gives the right to enjoy the property of another with the obligation of
preserving its form and substance, unless the title constituting it or the law
otherwise provides. ( Article 562 of the Civil Code)
• Contents:
• that the right to use the property is granted to the usufructuary (the one who will benefit)
• When to use
• When the intention of the owner of the land is to merely lend the beneficial use and not to
transfer ownership
• Maximum Period is 50 years ( art 605 of the NCC)
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