Sale of Gov't Lots to Pandacan Occupants Act

Prior to sale, the Director of Lands must subdivide the property into smaller lots per a subdivision plan prepared by him.
The subdivision plan must include necessary alleys for fire escape and other purposes.
Cost of survey and subdivision shall be part of the purchase price.
Excess land (areas greater than 200 square meters occupied by present occupants) must be allocated to other actual occupants made available through alley constructions.

Selling price capped at no more than PHP 5.00 per square meter.
Purchasers may pay without down payment over 15 years in 180 equal monthly installments.
Annual interest of 4% is applied on all installments due and payable.
Alternative payment options include cash payment or multiple installments at any time.

Lands purchased cannot be encumbered or alienated to anyone except the government, its branches, institutions, or legally constituted banking corporations within 15 years from issuance of transfer certificate of title.
The property shall not satisfy any debt contracted prior to the expiration of this 15-year restriction period.

Any agreement or contract violating the provisions of this Act will result in reversion of the property to the government and forfeiture of all payments made.

Upon death of purchaser before full payment, widow and children succeed to the rights and obligations regarding the lot.
Failure to pay six consecutive or cumulative installments triggers the Director of Lands’ duty to sue for recovery.
The government may enforce lien and sell the lot in foreclosure manner.
Only persons not owning residential lots in Manila, Quezon, Pasay, or their suburbs, and qualified to acquire public lands may participate in auction sales.
Auction purchaser obtains good and indefeasible title.

The Bureau of Lands is responsible for implementing the Act.
The Director of Lands may issue necessary rules and regulations to enforce the law.