Do You Know Your Rights and Responsibilities as a Property Owner?

A Filipino’s Rights as a Property Owner

● You can fully own lands and other properties in the Philippines, whether public or private.

● A Filipino citizen can only acquire up to 12 hectares of alienable lands and 500 hectares through lease.

● Owning a property gives you the right to possess, use, enjoy the fruits, dispose or sell, and to recover.

A Filipino’s Responsibilities as a Property Owner

● As a property owner, you have to:

○ Pay annual Real Property Tax and Special Education Fund Tax.

○ Follow the Building code on height, setback, and materials requirements as well as specifications.

○ Take note and comply with the subdivision and zoning regulations as well as the requirements of Philippine laws (Eminent Domain, Escheat, Easement of Right of Way, etc.) before developing a land.

● For condo or apartment owners, you

have to:

○ Pay Real Property Tax and Special Education Fund Tax for the unit and the common area and land.

○ Insure the condo or apartment and share the premium payments for common areas.

○ Pay condo and association dues and assessments.

A Foreigner’s Rights & Responsibilities as a Property Owner

● You can acquire Philippine properties

through inheritance from blood

relatives and properties that are under

the 1935 Philippine Constitution.

● For investors, you can only own up to

40% of units in a condo development

in the country.

● If you are a former natural born

Filipino citizen, you can still acquire

properties, but it is subject to

limitations and requirements

prescribed by law.

● You can only acquire up to 1,000 sqms. of urban land and 1 hectare of rural land for residential purposes and up to 3 hectares of rural land or 5,000 sqms of urban land for business purposes.

For more information about residential or commercial buildings in Fort Bonifacio, contact us.