Land titling was and will always be an essential part of Real Estate. Whether it’s for personal or for commercial use, the process of land titling should always be seen. A lot of people own real estate properties without titles and there are certain risks to it. One example is when another person would claim the property and you’ll lack the relevant evidence to prove the truth. In this article, we will be showing you how you can process land titling here in the Philippines using the Land Registration Authority’s (LRA’s) 5 easy steps.
Essentially, having a land title is enough proof to say that your land is yours. Furthermore, it serves as evidence [“A CERTIFICATE of title serves as evidence of an indefeasible and incontrovertible title to the property in favor of the person whose names appears therein.”]
The downside of landowners not having this certificate is underinvestment as other people can claim even a part of their property for their own personal use. Although there are tax declarations and tax receipts, these still cannot win over a title. It is understandable that these are the forms of paying for the land tax in the previous years but to process a land title, these would be needed.
However, for the LRA, they issue land title because of three (3) different things:
For the Sale of the property;
Consolidation resulting from mortgage foreclosure; and
To support and to have a back-up for involuntary transactions and movements such as court orders.
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