Best Real Estate Due Diligence Lawyers in Marikina City
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Philippines Real Estate Due Diligence Legal Questions answered by Lawyers
Browse our 7 legal questions about Real Estate Due Diligence in Philippines and the lawyer answers, or ask your own questions for free.
- Property right of way quesiton
- The land my wife and I purchased and built a house was originally platted based on a provincial road. The provincial road was straightened and our property is no longer directly on the new road. Do we have a legal claim to an access right of way along the original... Read more →
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Lawyer answer by Kanasra & Mangi Law Associates
If the provincial road was straightened and your property now lacks direct access, you might have a legal claim for a right of way along the original lines if it is the most practical route to access your property. When...
Read full answer - eviction of squatters
- We inherited a lot of property in Lapasan that has been inhabited by squatters for years. I need to evict them so I can fence it.
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Lawyer answer by Atty. Rainier Mamangun
You would need to send the informal settlers a prior Demand/Notice to Vacate prior to filing a case for Ejectment. You may message us directly if you wish to discuss this matter in detail.
Read full answer - Failure to show up for turnover of the completion
- We hired a contractor an engineer, for the full house renovation including a second-floor garage room, 4 months for the project, and an extension of one month in case there is a forced majeure or act of God incident. The project started on July 28, 2023.
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Lawyer answer by P.O OHIKHENA & Co
Good day, The engineer will be compelled to complete the project. We can write a letter of demand to begin.
Read full answer
About Real Estate Due Diligence Law in Marikina City, Philippines:
Real Estate Due Diligence in Marikina City, Philippines refers to the process of thoroughly investigating a property before a transaction takes place to ensure that there are no hidden issues or risks involved. This process is crucial in real estate transactions to protect both buyers and sellers.
Why You May Need a Lawyer:
You may need a lawyer for Real Estate Due Diligence in Marikina City if you are buying or selling a property and want to ensure that all legal aspects are properly addressed. Additionally, a lawyer can help you navigate complex real estate laws and regulations, review contracts, and protect your interests throughout the transaction.
Local Laws Overview:
In Marikina City, key aspects of local laws relevant to Real Estate Due Diligence include property registration requirements, land use regulations, zoning laws, and tax obligations. It is essential to comply with these laws to avoid legal issues in real estate transactions.
Frequently Asked Questions:
1. What is Real Estate Due Diligence?
Real Estate Due Diligence is the process of investigating a property to assess its legal and financial status before a transaction.
2. What are the common issues found during Due Diligence?
Common issues include title discrepancies, outstanding liens or mortgages, environmental concerns, and zoning violations.
3. How long does Due Diligence typically take?
The timeline for Due Diligence can vary depending on the complexity of the transaction, but it usually takes several weeks to complete.
4. Do I need a lawyer for Due Diligence in Marikina City?
While it is not mandatory to have a lawyer, having legal assistance can help you navigate the complexities of real estate transactions and ensure that all legal requirements are met.
5. What documents are required for Due Diligence?
Common documents include property titles, survey reports, tax records, and any relevant permits or licenses.
6. How much does Due Diligence cost?
The cost of Due Diligence can vary depending on the size and complexity of the transaction, as well as the fees charged by legal professionals involved.
7. What happens if issues are found during Due Diligence?
If issues are found, the parties can negotiate to resolve them, seek legal advice on how to proceed, or may choose to terminate the transaction.
8. Can Due Diligence be performed by the buyer or seller?
Both buyers and sellers can conduct Due Diligence, but it is typically the buyer's responsibility to ensure that all aspects of the property are thoroughly investigated.
9. What is the role of a lawyer in Due Diligence?
A lawyer can review documents, conduct legal research, provide legal advice, and help resolve any legal issues that may arise during the Due Diligence process.
10. What are the legal consequences of skipping Due Diligence?
Skipping Due Diligence can lead to unexpected legal issues, financial risks, and disputes in real estate transactions. It is highly recommended to conduct Due Diligence to protect your interests.
Additional Resources:
For more information on Real Estate Due Diligence in Marikina City, you can contact the Marikina City Hall or consult with local real estate law firms for legal advice and assistance.
Next Steps:
If you require legal assistance in Real Estate Due Diligence in Marikina City, it is recommended to consult with a qualified real estate lawyer who can guide you through the process, review documents, and protect your interests in the transaction.
Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.