Philippines Real Estate Buyers Guide |
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Philippines Real Estate Buyers Guide
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The different modes of acquiring property ownershipPrivate Grant - such as in a voluntary deeds of sales of property; Public Grant - by administrative method of government such as in homesteads, free patent, etc; Descent - by hereditary succession or inheritance; Accretion - the process by which soil is deposited to lands adjoining rivers or flowing waters; Reclamation - the filling of submerged land by deliberate act; Adverse Possession or Prescription - the continuous, public and uninterrupted possession of a property for a period fixed by law; Voluntary Transfer - such as by execution of sale; Involuntary Alienation or Involuntary Grant - the process by which the land is taken against the consent of the owner. Examples are expropriation proceeding, execution of judgement, tax sales, and foreclosure of mortgage; Devise - the acquisition of land by a person through the will of the owner or the testator such as in donation; Emancipation Patent - the grant of agricultural land to tenant-farmers in the implementation of the land reform program of the government Related Topic/s: Steward Concept of property ownership |
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