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Batas Pambansa 185, which was enacted in March 1982, stipulates guidelines on land ownership by former Filipinos, while Section 10 of Republic Act 8179 (which amended the Foreign Investment Act of 1991) specifies conditions for land acquisition for investment purposes.
The following are the pertinent limitations:
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- Maximum of 1,000 sq. meters for urban land
- Maximum of 1 hectare for rural land
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- Maximum of 5,000 sq. meters for urban land
- Maximum of 3 hectares for rural land
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Acquisition by both spouses
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- Either of the spouses may avail of the privilege
- In case both spouses wish to acquire lands for this purpose, the total area acquired should not exceed the maximum
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- Either of the spouses may avail of the privilege
- In case both spouses wish to acquire lands for this purpose, the total area acquired should not exceed the maximum
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Additional land acquisition
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- If he/she already owns land for residential purposes, he or she can still acquire additional land but the total area should not exceed the maximum
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- If he/she already owns land for business purposes, he/she can still acquire additional land but the total area should not exceed the maximum
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Limits to acquisition of land
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- A person can acquire a maximum of two (2) lots for use as residence, which should be situated in different municipalities or cities in the Philippines. The total area of these lots should not exceed 1,000 sq. meters for urban land or 1 hectare for rural land
- A person who has already acquired urban land is disqualified from acquiring rural land and vice versa
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- A person may acquire a maximum of two (2) lots for business or commercial purposes, which should be situated in different municipalities or cities in the Philippines. The total area of these lots should not exceed 5,000 sq. meters for urban land or 3 hectares for rural land
- A person who has already acquired urban land is disqualified from acquiring rural land and vice versa
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- The land should be used for residence. It cannot be used for any other purpose
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- The land should be used for business or commercial activities. This includes leasing the land, but excludes buying and selling of the land
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