Prof. Augusto B. Agosto
Cebu City
Land is an important source of wealth for a nation. Everything that we use can be traced ultimately to land. In economics, land is one of the factors of production. Land serves also as a commodity, it can be bought or sold. Due to its value, there are different laws that ensure real estate transactions are properly performed and recorded. The land also can be passed on to family members through estate planning, or maybe owned by one or more people. In governance, the State and local government regulates the use and purpose of the land, it must be in accordance with the zoning and the construction will not damage the surrounding environment.
Continue reading “Notes on Real Property Laws in the Philippines”