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Need and Advice for buying unsubdivided lot

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1 Need and Advice for buying unsubdivided lot on Tue Jan 09, 2018 9:57 am

AMC


Arresto Menor
Hi. We are planning to buy an untitled property (TAX DECLARION only). The name on the tax dec is the grandmother who is long gone, and the one selling it are the grandchildren, apparently the children of the original owner are all dead. It’s a 2 hectare land and we are only buying 3000sqm. They are proposing that when we decide we will buy a portion of the property they will have it surveyed, subdivide it and after the survey we will do the deed of sale. The lawyer of the seller is assuring us it’s secure but we find it risky because we will be paying them the money before the approval of subdivision.
Can anybody advise us on what to do? And can you please enlighten us on the risks involved?
Thanks

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xtianjames


Reclusion Perpetua
have it divided first before you buy. If it were that easy, then they should have already divided it in the first place.

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attyLLL


moderator
i recommend first that you go to the local CeNro/ Penro office to determine the status of the property is alienable and disposable. the local LMB will be there also and you can inquire about the requirements for subdivision.

A sale of unsubdivided property is ok, but the sellers are not the registered owners. Determine their identity and there are no other heirs. Determine the estate and transfer tax liability. You can do an initial subdivision with a surveyor so it will be clear which part will become yours (if you haven't already)


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