Question & AnswerQ&A (Republic Act No. 4123)
The main purpose of Republic Act No. 4123 is to authorize the Director of Lands, under the direction of the Secretary of Agriculture and Natural Resources, to sell certain disposable and alienable lots located at Pandacan, City of Manila, to its present and actual occupants.
The Director of Lands, under the direction of the Secretary of Agriculture and Natural Resources, is authorized to sell the lots.
No, the lots shall be sold without delay and without the necessity of public bidding to its present and actual occupants.
The area of each lot to be sold to present and actual occupants shall not exceed two hundred square meters.
The Director of Lands shall cause the land to be subdivided into smaller lots according to a plan that includes allowances for alleys deemed necessary for fire escape and other purposes. The cost of survey and subdivision shall be considered part of the purchase price.
The selling price of each lot shall not be more than five pesos per square meter.
Purchasers may pay without any down payment, and have fifteen years to pay in one hundred eighty equal monthly installments with an annual interest rate of four percent. They may also pay in cash or in more than one installment at a time.
Lands acquired shall not be subject to encumbrance or alienation within fifteen years after the issuance of the transfer certificate of title, except in favor of the Government or legally constituted banking institutions.
If a purchaser or their successors fail to pay six consecutive or cumulative installments, the Director of Lands shall bring suit to recover the unpaid installments and enforce the Government's lien by selling the lot in a manner provided by law for foreclosure of mortgage.
Only persons who do not own any residential lot in Manila, Quezon, Pasay, or their suburbs and are qualified to acquire public lands may participate in the auction.
Any contract or agreement made in violation of this Act will cause the reversion of the property and its environs to the Government and the forfeiture of all payments made by the purchaser.
The widow and children of the deceased purchaser shall succeed all rights and obligations related to the lot.
The Bureau of Lands is responsible for implementing and carrying out the provisions of this Act.
The Act took effect upon its approval on June 20, 1964.