REAL ESTATE FAQS

Some of the documents that you need to pay attention to when buying a property in the Philippines:

- Right of way. Another aspect that you shouldn’t overlook is the right of way. Some owners even have to pay for the property’s right of way, especially if a street or road bounds the land they own.

- Tax declaration. Ask for a copy of the latest tax declaration. The receipts and documents that it will provide will confirm the payment of taxes. Take note that unpaid taxes will lead to penalties.

- Special Power of Attorney (SPA). In cases when the actual property owner isn’t the one dealing with the buyer, check if they have a Special Power of Attorney (SPA) from the owner. Verify if they are the rightful seller and ensure the validity of the authorized signatures.

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