VOLUNTARY DEALINGS WITH REGISTERED LAND

VOLUNTARY DEALINGS WITH REGISTERED LAND

OPERATIVE ACT – registration by owner; if deed is not registered, it is binding only between parties

PROCESS OF REGISTRATION:

1. File instrument creating or transferring interest and certificate of title with ROD
a. Owner’s duplicate
b. Payment of fees & documentary stamp tax
c. Evidence of full payment of real estate tax
d. Document of transfer – 1 copy additional for city/provincial assessor

2. ROD shall make a memorandum on the certificate of title, signed by him

3. Issue TCT

VOLUNTARY DEALINGS:

need to present title to record the deed in registry & to make memorandum on title

while in INVOLUNTARY DEALINGS:

No presentation required; annotation in entry book is sufficient

FORMAL REQUISITES OF A DEED
1. Full name
2. Nationality
3. Place of residence
4. Postal address of grantee or other persons acquiring or claiming interest
5. Civil status
6. Whether or not corporation

1. ROD to keep an entry book – day book

2. Enter in order of reception all deeds & voluntary instruments, write & processes re land -year, month, day, time, minute of reception of instrument; Registered from time of entry

3. Fees of 5 pesos per document to be paid within 15 days

4. Note memorandum & sign & issuance of certificate

5. Documents are numbered & indexed & indorsed with reference to certificate of title– public records

6. Subject to reasonable regulation

• Cost borne by vendor