Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password




You are not connected. Please login or register

Buying a property w/o TCT yet but with LRA approved consolidation Plan

View previous topic View next topic Go down  Message [Page 1 of 1]

stallone rambo


Arresto Menor
Dear Atty,just want to ask for legal advise. We are planning to buy a Lot w/o TCT yet but with LRA approved new subdivision/consolidation plan already and with technical description.The existing mother Title was previously divided to 3, all has its own TCT now. However, one of the siblings wanted to have a share so a new LRA approved plan was issued, this time for 4 shares. The new LRA approved plan is now for 4 owners, the 3 existing TCT will just be revised on the technical description plus 1 NEW TCT. Can we sign a Deed of Sale even w/o TCT yet and we will just process the issuance of TCT in our name? What particular documents are needed? Are there any legal implications on the ownership if we are only holding a Deed of Sale? Thanks and God bless.

View user profile

stallone rambo


Arresto Menor
up

View user profile

attyLLL


moderator
sounds ok based on the info you gave. there will be a deed of partition, make sure your names will replace the seller


_________________
[i] Visit our FB Page: BPO Employee Legal Advice
Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
View user profile

stallone rambo


Arresto Menor
attyLLL wrote:sounds ok based on the info you gave. there will be a deed of partition, make sure your names will replace the seller
thank you very much Atty for that valuable info. Last napo, can we directly put our name in the Deed of Partition instead of the Seller even though the LRA approved plan is still on the SELLER's name? Baka po kasi magkaroon ng technicality sa LRA pag iba na nakapangalan sa magiging owner nung isang share of lot. Thanks and more power. God bless.

View user profile

attyLLL


moderator
you should inquire at the LRA, but i'd think so.


_________________
[i] Visit our FB Page: BPO Employee Legal Advice
Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
View user profile

stallone rambo


Arresto Menor
attyLLL wrote:you should inquire at the LRA, but i'd think so.
thank you sir. God bless.

View user profile

Sponsored content


View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum