Dealing with a lost or destroyed original land title can be a daunting task for many Filipinos. Understanding the nuances of reconstitution of title in the Philippines is essential for protecting your real estate investment.
The Basics of Title Reconstitution
In simple terms, reconstitution of title is the process of reproducing a lost or destroyed certificate of title in its original form.
Under Republic Act No. 6732, administrative reconstitution is possible when the number of certificates lost or destroyed in the Registry of Deeds is at least ten percent (10%) of the total number of titles.
Who Can File for Title Restoration?
Property owners can initiate this process when there is clear evidence that the original record at the government office no longer exists.
Key requirements often reconstitution of title include:
A formal, notarized petition addressed to the LRA.
administrative reconstitution of title The Owner’s Duplicate Certificate of Title.
Certification from the Register reconstitution of title of Deeds regarding the loss.
Updated real estate tax payments.
Procedural Flow for Title Restoration
The procedure for administrative reconstitution of title involves several critical steps.
Initial Application: Present your documents to the registrar for initial evaluation.
Notice: Notice of the petition may be posted or published to ensure there are no adverse claims.
Issuance of Order: If the petition is found to be in order, an Order of Reconstitution will be issued.
Issuance: A new original title is created and filed in the registry's archives.
Why Professional Guidance is Recommended reconstitution of title philippines
Even though it is an administrative process, the documentation required can be overwhelming for many.
A single mistake in the filing process can result in the rejection of your application.
Conclusion
Restoring a lost title is crucial for any future transactions, administrative reconstitution of title such as selling or mortgaging the property.