Certificate of Land Ownership Award ( CLOA ) - Facts to Know

 
Robert G. Sarmiento Properties
Professional Affiliation :
Philippine Association of Real Estate Boards
Member, City of Taguig Real Estate Board 2016 - 2019
Real Estate Broker’s Association of the Philippines 2000 - 2015
President, San Juan 2008, 2009
Philippine Association of Real Estate Boards
San Juan Mandaluyong Chapter 1998, 1999
PRC # 6569
PRC Lecturer’s License # 0294
+ 632 5536051 ( trunkline )
+ 632 4781316 ( telefax )
+ 632 8561365 ( line 3 )
+ 632 8041701 ( line 4 )
+ 6325148481 ( mobile landline )
+ 63 917 5364829 ( globe )

Since this Pandemic started, we’ve been working on properties outside the National Capital Region, land banking makes a lot of sense as prices are at an all time high in the National Capital Region and having your money in the bank isn’t as an attractive option as interest rates are so low.  Residential, rawland, beach properties, industrial and agricultural lands in Central Luzon ( Tarlac, Bulacan, Pampanga, Pangasinan, Nueva Ecija, Ilocos Norte / Sur, La Union ) and South Luzon ( Cavite, Laguna, Batangas, Quezon ) have posed as attractive alternative investments for investors and developers as well.  

Now buying into some sectors such as Agricultural Land pose some issues most aren’t aware of and it’s understandable as it’s a rule of thumb to not get into something you aren’t aware of.  Here’s a video explaining Certificate of Land Ownership ( CLOA ) where investments posed quite a return but “Due Diligence” is highly recommended to avoid problematic issues that may occur.  Take note that some major developments in Laguna, Batangas, Tarlac, Cavite, to name a few, went through CLOA before being issued an Original Certificate of Title then eventually to a Transfer Certificate of Title.

Here's some information on Titles issued in the Philippines :

A Certificate of Land Ownership Award ( CLOA ) is a document evidencing ownership of the land granted or awarded to the beneficiary by the [ Department of Agrarian Reform (DAR) ], and contains the restrictions and conditions provided for in the [ Comprehensive Agrarian Reform Law (CARL) ] and other applicable laws,” the decision read. 

Agricultural free patents are land grants awarded to natural-born Filipino citizens in actual occupation and cultivation for at least 30 years of alienable and disposable lands not more than 12 hectares, and have paid the corresponding real property taxes.

The Owner's Duplicate Certificate is either an Original Certificate of Title ( OCT ), if it is the first title issued on the land, or a Transfer Certificate of Title ( TCT ), if it was issued subsequent to the first title.

Here's a video from Attorney Rogelio Wong of Batas Pinoy on what you should know about CLOA ownership : https://youtu.be/qPj31FwLd1s

Visit www.robertgsarmiento.com for blogs, news, case studies and property listings which you may find informative.
 
Subscribe to my daily postings by filling in your email address at the SUBSCRIBE section located at the lower right hand portion of the webpage 
 
View properties you are looking for by using the SEARCH engine located on the upper right hand corner of the webpage 
 
Finally, should you have a property for SALE or LEASE, let us know if our office could be of assistance.
 
Thank you.
 
 
robert
Robert G. Sarmiento Properties
Professional Affiliation :
Philippine Association of Real Estate Boards
Member, City of Taguig Real Estate Board 2016 - 2019
Real Estate Broker’s Association of the Philippines 2000 - 2015
President, San Juan 2008, 2009
Philippine Association of Real Estate Boards
San Juan Mandaluyong Chapter 1998, 1999
PRC # 6569
PRC Lecturer’s License # 0294

 

 

Share
 

Newsletters

Subscribe and get the latest updates, news, and more...
Zircon - This is a contributing Drupal Theme
Design by WeebPal.