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Bedrock Land & Property Development Corp. is a development company engaged in developing and selling subdivisions, condominium units and industrial estates. In order to replenish its inventories, it embarked on an aggressive land banking program. It employed "scouts" who roam all over the Philippines to look for and conduct investigations on prospective sites for acquisition and development, whether developed, semi-developed or raw land. The management of Bedrock asks you as the company counsel to prepare a manual containing a summary of the pertinent laws and regulations relating to land registration and acquisition of title to land. The manual should include the following items:
- What is the governing law?
- What properties are not registrable?
Supply this information.
1 comment:
IV.
a.
The governing laws relating to land registration and acquisition of title to lands are as follows:
1. The 1987 Constitution;
2. PD 1529 – Property Registration Decree;
3. RA 4726 – The Condominium Act;
4. Act No. 496 – The Land Registration Act;
5. Act No. 2259 – The Cadastral Act;
6. CA No. 141 – The Public Land Act.
b.
Properties which are not registrable are the following:
1. Forest lands;
2. Mineral lands;
3. National parks.
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