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Ownership of Land under CCT

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1 Ownership of Land under CCT on Fri Oct 08, 2010 6:26 pm

GDY


Arresto Menor
i own a townhouse with CCT. I just want to ask, who owns the land under the "unit"?

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2 Re: Ownership of Land under CCT on Fri Oct 08, 2010 8:47 pm

attyLLL


moderator
it is owned by the condominium corporation, where you are a member and own in common with all the other unit owners.


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3 Re: Ownership of Land under CCT on Tue Oct 19, 2010 12:14 pm

GDY


Arresto Menor
Hi,

I recently got the SEC Registration of the Condominium Corp and the Mother TCT which our townouse is situated. The SEC Reg looks like is in proper order but the TCT is still in the developer's name.

Is this normal in those days? (the townhouse was built in 1990) Do I need to ask the developer to transfer to the Condo Corp or is it an unproductive excercise?

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4 Re: Ownership of Land under CCT on Tue Oct 19, 2010 7:55 pm

attyLLL


moderator
the TCT on the property and common areas should be transferred by the developer to the homeowner's association. if it refuses then the proper remedy is to file a case at HLURB


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