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Free Guide to Hiring a Real Estate Lawyer
Conveyancing is the legal process of transferring property ownership from one person to another. In Taguig, Philippines, this process typically involves buying, selling, or transferring residential, commercial, or industrial properties. Conveyancing ensures that the transaction is lawful, the title is valid, all taxes and fees are paid, and all necessary documents are properly executed and registered. Given the rapid urban development and real estate activity in Taguig, conveyancing plays a crucial role in maintaining confidence and legitimacy in property transactions.
Engaging a lawyer for conveyancing is highly recommended to safeguard your interests, avoid disputes, and ensure compliance with local laws. Common situations that require legal assistance in conveyancing include:
A conveyancing lawyer can provide due diligence, draft and review contracts, coordinate with government agencies, and represent you in case of complications.
Conveyancing in Taguig, as in the rest of the Philippines, is governed primarily by the Civil Code, Property Registration Decree (Presidential Decree No. 1529), and other national statutes. However, local government regulations and processes, such as zoning ordinances and tax rates, may also impact the transaction. Taguig City implements its own real property tax rates, local transfer tax, and specific requirements for securing clearances and permits. Buyers and sellers are required to secure certificates like the Tax Declaration, Tax Clearance from the city treasurer, and sometimes a certificate of non-delinquency. Transactions are completed by registering deeds with the Registry of Deeds for Taguig, ensuring legal transfer of ownership.
Conveyancing is the legal process of transferring property ownership from one party to another, including the preparation and execution of necessary documents and registering the transfer with the Registry of Deeds.
While not mandatory, hiring a lawyer is strongly recommended to ensure all legal requirements are met, documents are in order, and to minimize risks in the transaction.
Important documents include the original Certificate of Title, Tax Declaration, Deed of Sale, proof of payment for taxes and fees, community tax certificates, and valid IDs of the parties involved.
Typical costs include capital gains tax, documentary stamp tax, real property tax, transfer tax (collected by the Taguig City government), registration fees, and notarial fees.
The process involves executing a notarized Deed of Sale, paying applicable taxes and fees, securing necessary clearances, and registering the transfer with the Registry of Deeds for issuance of a new title in the buyer's name.
It can take from a few weeks to a few months, depending on the completeness of documents, speed of processing with government offices, and complexity of the transaction.
Foreigners are generally not allowed to own land but may acquire condominium units, subject to legal restrictions. Proper legal advice is necessary for foreign ownership matters.
Due diligence includes verifying the authenticity of the land title, checking for liens or encumbrances, confirming payment of property taxes, and ensuring property boundaries are correct.
If taxes are unpaid, the transaction cannot proceed until delinquencies are settled and a tax clearance is secured from the Taguig City Treasurer's Office.
A lawyer can help verify documents, resolve disputes through negotiation, or represent you in court if necessary. Engaging a licensed surveyor may also be required for boundary issues.
For assistance with conveyancing in Taguig, consider reaching out to the following offices and organizations:
These offices can provide forms, guidelines, and support regarding property transactions and legal requirements in Taguig.
If you need legal assistance for conveyancing in Taguig, start by gathering all available documents related to your property transaction. Consider consulting with a licensed Philippine lawyer or law firm specializing in real estate or property law. Verify the lawyer's credentials and experience in handling Taguig-specific conveyancing matters. You may also reach out to the local Registry of Deeds and Taguig City Hall for guidance on procedural requirements. Acting promptly and seeking qualified legal advice can help you navigate property transactions safely and efficiently.
