Acquisition by Former Natural Born Filipino Citizens
- Mode of acquisition is not limited to voluntary deeds (such as sale or donation) but includes involuntary deeds (such as foreclosure, execution or tax delinquency sale).
- Maximum area that may be acquired.
- For residential purpose - 1,000 square meters of urban land or one hectare of rural land.
- For business purpose - 5,000 square meters of urban land or three hectares of rural land
"Business purpose" refers to the use of land primarily, directly, and actually in the conduct of business or commercial activities in the broad areas of agriculture, industry and services, including the lease of land but excluding the buying and selling thereof.
- In case of married couple where both spouses are former natural born Filipino citizens, both of them may avail of the right provided that the total acquisition shall not exceed the maximum area allowed.
- A transferee who acquired urban or rural land for residential purpose while still a Filipino citizen may acquire additional urban or rural land for residential purpose which, when added tot that already owned by him, shall not exceed the maximum area allowed by law. The same right applies to a transferee who already owns urban or rural land for business purpose while still a Filipino citizen.
- A transferee who has already acquired urban land for residential purpose shall be disqualified to acquire rural land for residential purpose and vice versa.
The same rule applies to a transferee of land for business purpose. However, a transferee of residential land under B. P. 185 may still avail of the right to acquire land for business purpose under R. A. 8179.
- Fundamentals of Property Ownership
- Rights Included in Ownership
- Limitations on Right Of Ownership
- Surface, Subsurface and Air Right
- Right to Hidden Treasure
- Rights of Accession
- Meaning of Title
- Modes of Acquiring Title
- Right to Own
- Acquisition by Former Natural Born Filipino Citizens
- Lands of The Public Domain
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