27/08/2024
What is a Land Title and Why is It Important?
A land title is a legal document that represents a person’s ownership of a property. The main reason you should transfer land title in the Philippines is to protect your rights as an owner. Moreover, it’s to allow you to facilitate the building of a structure or any other transactions involving the piece of land and use the title as collateral for loans and other bank transactions.
According to the law, a title, once registered, cannot be defeated even by adverse, open, and notorious possession. It’s issued as absolute proof of ownership of the property by the person whose name appears on it. Therefore, certificates of title are considered binding and conclusive.
Thus, even when someone claims to be the owner of the property because they’ve been living there for years, they can’t be legally considered as the property owner without a title under their name.
ctto: moneymaxph
