03/01/2024
๐ฃTo all BUYERS & INVESTORS:
DID YOU KNOW?
โ ๏ธIF you are buying an agricultural land converted and subdivided for residential land, you will be required for a copy of subdivision plan, licenses & a mapped out copy of the residential drainage system before you can apply for water, electricity and other utilities?
That's why it is highly discouraged to buy/sell "Yuta-data-data" most specially if with no LICENSE TO SELL from HLURB. But if you insist because it's the cheapest, BUY AT YOUR OWN RISK PLUS MULTIPLE ADD-ON EXPENSES and PENALTIES FOR THE PERSON SELLING (Ingnorance of the Law, excuses no one)
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LICENSE TO SELL (LTS).
Always look for HLURB License to SELL to make sure you have a LEGIT investment.
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Check the LAND TITLE.
The land title contains the total land area of the land you are trying to purchase.
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CERTIFICATE OF RE-CLASSIFICATION.
The subdivided lot should have the certificate of reclassification from agricultural land to residential land from LGU. You need to check for this inorder to make sure that you will be able to install utilities and apply for them from the providers of the city/municipality.
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SUBDIVISION MASTERPLAN.
You need to check on subdivision plans. Which includes plans for the drainage systems, access roads and road right of way.
โ ๏ธPlease keep in mind that there are developers that sells LOT ONLY projects. And some have installment mode of payment. As long as you have all documents present most specially the HLURB License to SELL #, your investment is pretty much in good shape.
