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Deposit Requirement - Section 267 LGC
Legal SheetsProperty LedgersTax Journals

On Deposit Requirement Under Section 267 of the Local Government Code

The deposit is a jurisdictional requirement which must be satisfied before the court can entertain any action assailing the validity of the public auction sale...
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Heirs
Legal SheetsProperty Ledgers

A Co-Heir may Institute an Action Prior to Full Settlement of Estate and Without Impleading the Other Co-Heirs

Even before the settlement of the estate, an heir may file an action for reconveyance of possession as a co-owner thereof, provided that such heir recognizes and acknowledges the other co-heirs as co-owners of the property...
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Realty Appraisal
Property Ledgers

Approaches to Value in Real Estate Appraisal

In real estate appraisal, the appraiser normally uses three approaches: 1) market data approach, 2) cost approach, and 3) income approach...
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Real Property Tax
Legal SheetsProperty LedgersTax Journals

On Real Property Tax Collection Case and Boundary Dispute Between Local Government Units

The real property tax is due to the local government unit where the property is located. Pending resolution of the boundary dispute...
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Law and Jurisprudence
Legal SheetsProperty Ledgers

Interest on Installment Sale of Real Property and Suspension of Payment

Although the suspension of payment by the buyer was valid, he is still liable to pay the interest as agreed upon...
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Collection of real property tax
Legal SheetsProperty LedgersTax Journals

Authority to Collect Real Property Tax During Pendency of Boundary Dispute Case Between Local Government Units

It is imperative to determine the location of the property in order to identify who between the local government units involved has the authority to collect real property tax...
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Legal SheetsProperty Ledgers

Maceda Law – Transactions Covered and Rights of Buyer

Republic act No. 6552, the Realty Installment Buyer Act, was enacted ‘to protect buyers of real estate on installment payments against onerous and oppressive conditions' (Sec. 2)...
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