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Item details
Category REGISTRATION
Why do I have to register the sale of the house and lot that I recently acquired?
Created Jun-5-2015
Owner admin
QUESTION Why do I have to register the sale of the house and lot that I recently acquired?
ANSWER

You have to register the sale of the house and lot that you purchased with the Register of Deeds of the Philippines in order to cause the transfer of the title to the property from the seller to you as its new owner. Your title as the new registered owner of the property is evidenced by Owner’s Duplicate Transfer Certificate of Title (Owner’s Duplicate Condominium Certificate of Title in case of condominium units) which will be issued to you bearing your name by the Register of Deeds.

The purpose of said title registration is to provide public record of the title itself upon which a prospective purchaser or someone else interested may rely.