Live in Philippines - can a foreigner become an owner?
I am from the UK, is the procedure the same?
Certain parts of the estate of a decesed Filipino citizen cannot be freely disposed of because Philippines law reserves them for the compulsory heirs, the same reservation does not apply to Foreigners who are governed by their national inheritance laws
The compulsory heirs are classified as:
Primary. Legitimate children and or descendants
Secondary. Legitimate parents and or assendants, illegitimate parents
Concurring. Surviving spouse, illegitmate children and or descendants
I am not a lawyer but reading some of the law this applies to her part of the estate
In any case it is a mess
samangelevski wrote:you right always is a mess for some, this is not a free country as what every one have been thought to believe, it funny they want your money but in return they give nothing, maybe all this is our fault that we let them use foreigners as they do, hope one day we all will wake up and leave this place, and I tell you what they will be in one hell of a economical troubles, who is contributing to this economy we do and their own people who work over seas, not the Filipinos here, here they are all corrupt, from the president to little low life man, what are country they run, haha said plenty they will bare me for few more weeks haha
Sorry to read things are so bad in Tarlac, glad we never stop there.
I need some advice.
I have a girlfriend and I want to buy 200sqm land (I know owning it, is not possible accept a retirement visa) and building a house near her families house in their compound.
I believe she is very trustworthy but we all know things can happen
I want to avoid the concerns like but not limited too.
Breaking up and loosing my house and land
Breaking up and her moving other men or family into house
Breaking up and her setting up a karaoke party etc.
What are my options to protect myself but also include her in this process.
I am very scared and want to get several opinions before I commit
Please help.
There is much information that is not accurate and a person should never make a decision based on blog entries. You need to be prepared and willing to research as much as possible FIRST.
What you are asking is complex and would require way more than just a few lines of my opinions. You must perform deep research and read the laws for yourself. Examples of where you can start your research include the following:
1. Can a non-Philippine citizen own a house that is on a lot under a TCT and what will a new TD contain regarding registered homeowner? Yes, you can own the house 100% but not the land it sits on. The new house TD should correlate to your name on the house only.
2. Is the land in the name of a living person and is the title shared with other living relatives?
3. Are all parties in agreement with the details and correct wording for the Contract to Sell/100% own the structures (including a future house) and the land lease to you?
4. Have you made any inquiries with the local Deed of Registrar's office?
5. Do you understand you can't lose land that you never legally owned?
6. Who is the owner of the compound and what would be the quality of your life in that compound if there was a break?
7. What is and what will be your visa status later?
8. Have you reviewed contract law that relates to your goals and do you understand the wording that must be used?
PS. A retirement visa does not grant land ownership rights to foreigners or void the Philippine constitution.
Sincerely here is Anthony Jones (Tony)
Anthonyjones34953@yahoo.com
And for sure chase down all the deeds and titles to any piece of land or structure before laying down any cash, as well the status of family relationships re. the purchase of any ppty or business.
Cheers... John
Okieboy wrote:Hahaha trust a Filipino partner
That quite a generalization and a racist remark don't you think?
This remark says more about you than your partner.
One also had the cheek and issued me a handwritten note for 5t pesos/with no official receipt.
(which was again bull-shit work that was never meant to help me in any way.)
So I too avoid the need for a lawyer for anything.
DukeStamina wrote:I have not read through all the pages of answers so I apologize if this was stated already. On one of my trips to Siargao Island, I met an Australian who purchased land by forming a corporation. He called it a 60/40 corporation formed with 3 Filipinos and 2 foreigners. Prior to the purchase of the land, the was an under the table agreement that once the land was purchased, the members of the corporations would be bought out, leaving only this Aussie as the sole owner of the corporation. I don't fully know the legality of this, but I am told it is somewhat common. Of course, you will need to trust the people you are playing with here.
Hi and welcome to the forum, enjoy and share your experiences. Anti dummy laws are more prevalent now and such a situation would end in grief, perhaps deportation. Worse things have also happened.
OMO.
Cheers, Steve.
manwonder wrote:No generalization meant here...but from the lawyers I have encountered (with my limited experience) they all have left me high & dry.
One also had the cheek and issued me a handwritten note for 5t pesos/with no official receipt.
(which was again bull-shit work that was never meant to help me in any way.)
So I too avoid the need for a lawyer for anything.
Been there, when we purchased our property here the attorney was paid up front (PHP 20K) for the sale and lease, part way through disappeared, moved to Manila apparently and I went the agent who recommended that attorney,,,,,,, stating that I have already paid the funds for the security of the sale and lease.......... well done to them they secured and paid for the next attorney to complete the sale,,,,, only took 10 plus emails but a small part of their commission. Win or lose you just have to have a few brains to walk or fight.
OMO.
Cheers, Steve.
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