Just to be clear, a foreigner can own a house or townhouse that sits on land that his wife owns. He can own the house whether or not he leases the land. However it's not wise to not lease the land. He can also have a power of attorney given to him by his Filipina spouse which gives him complete control over the property. There are many other options to protect yourself but you really need to discuss this with a competent attorney and be sure your spouse will agree with you.
I have invested thousands of pounds in the Philippines, raised two philippino kids, put them through school helped out with charity work learnt to speak tagalog fluently and spent a fortune on land but it all has to be exclusively in my wife's name. The kids enjoy every right of citizenship except voting though they are able to get British citizenship if they wish. After 22 year myself in the Philippines I am worth nothing to the Philippine government philipinos are allowed dual citizenship but not for us.
I agree the Philippines discriminates in a very foul way against foreign spouses. We would like to invest there and create businesses and build properties, and create jobs for Philippine citizens, due to family connections. But; - I can't stomach the thought that my wife gets full citizenship and all rights of a citizen as a permanent resident, including buying land in my country, but if we invest with her in her country, they have no respect for our marriage. Dispite children who are citizens, and a wife who is...- you'll always be a unwelcome foreigner even as a spouse (actions speak louder than words). You will never be welcome into the Philippine national family even in marriage. Bigotry does not just happen in the west as you can see.
as a filipino I agree that we need to abolish this rule(or atleast lessen the grip for foreigners), any country who allow foreigners to own land and business are seeing progress like china, almost all companies are investing in china and made china a global power. as a filipino, we should learn from this and open the gates for foreign investment and businesses to flourish to our country and not only does that helps employment, it also helps us filipinos to improve our import products, make our OFWs come back home and stop the brain drain that has been happening for hundreds of years, this is not asslicking, it's just business and in this deal, we're winning.
Ty very informative! So knowing that if we only have a small parcel of land that we bought years back and now we r currently US citizens we should still be acquiring the title since it has been fully paid for about over a decade ago and paid for the title processing almost 2 years ago. I am glad to learn this from you very helpful !👍🏻😊ty!!!!
Thank you for explaining options in owning a property in the Philippines...best guidelines for both Filipinos & foreigners... Sir, God bless and stay safe 🙏🏼🌷🌺🌸🌹💮🌼🥀🙏
Thanks, Danny. Good to know you don't have to be a dual Citizen in order to own land with house on a 50 sq/m in the Philippines. The only problem you won't be able to build a mansion on the property unless you build verticle (3-6 story house. :)
Good point regarding 60% Filipino ownership as it relates to condo square-footage, since going by number of units would allow for abuse and we would likely see many properties with small closets being designated as 'units' while 95% of the property was designated for the remaining '40%'.
Just a correction, its 1K square meters for residential and 1 hectare for rural. The 5k sq. meters is for commercial on urban and 3 hectares on provincial.
Thank you for the video. Personally, I don’t recommend to buy a property in Philippines especially if you don’t know the real estate rules and don’t forget, everybody’s interest is only their own pockets. If you really want o live in Philippines, rent for awhile.
Thanks for your video....I will check out your channel....very interesting video because I'm buying land now and I am facing some difficulty with the papers, titles....I will be posting videos about it
This is very interesting Danny and my wife and I were set on just renting when we retire. This is tempting me to reconsider. Another great topic sir, you just keep them coming.
We were just talking about this earlier today. I have a couple questions about what I have heard. 1. The foreigner can own the property/improvements built or on the land. 2. The title will be in the Filipino's name, but the foreigner wants to have their name on the Bill of Sale, to stop the property from being sold out from under them. If the foreigner's name is on the Bill of Sale the property cannot be sold without the foreigner's approval too. Do you know if this information is correct? Great idea to have the contract giving the property to the foreigner if the Filipino dies. Thank you! Take care and God bless you all!
(1) Correct. (2) Both names can be on the contract of sale, but only Filipino's name can be on the title. Because of conjugal rights, I believe that both parties will have to agree to sell the property even if the property is only on Filipino's name. (3) No, the Filipino is not giving the property to the foreigner when Filipino dies. Within reasonable time, he is being given the right to sell the property and to keep the proceeds. Otherwise, the title to the property will revert to the heirs of the Filipino spouse.
By the way, here's the answer to your question regarding whether or not a property could be sold without foreigner spouses' approval : "If married, the spouse must signify his or her consent. Otherwise, the sale is void. Under the family Code, if the spouse sold the property without the consent and knowledge of the other spouse, then the sale is void. However, the transaction shall be considered as a continuing offer and may be perfected upon acceptance of the other spouse. On the other hand, if the spouse sold the community property with the knowledge but without the consent of the other, the contract is merely annullable. The other spouse has 5 years from the date of the contract to go to court and seek the annulment of the contract."
@@vloggergrandpa2707 Thats incorreect. property can be inherited by xpats. it's a rather complicated process from what I have read. Many get around this inheritance mess by putting the property in a childs name. insuring the property isn't sold. even if under age the property is still held in the family and no need for it to be sold.
interestingly, section 7 of article X11 of the Philippine constitution covers foreign national inheritance, strangely inheriting from Philippine spouse is allowed if there is NO will, but the land can not be left to the foreign national in the will, but nothing surprises me
Pay freehold price for leasehold must to be most stupid option :D we have leasehold in UK as well, but only flats. Most common 125 years, but you can get 999 years as well. 999 years it's like a freehold, but still leasehold, but you have much more security. I seen houses with condominium title, I believe that's only reasonable option to buy or put house on your child name who was your nationality. That's i believe another most secure way to buy to avoid wife running away with sold property money.
A fair number of us have already owned property or properties in America or in countries considered to be the "West" Many of us really have no desire to own property in the Philippines during our retirement age as is the case with myself. I plan to simply rent and explore as much of the islands as possible. AirBnB easily allows me to do that with really no to very little worry one would have with "ownership", which in my opinion is not a true definition of the word. Not attempting to discourage anyone from purchasing land and/or lot and building either a new home or a pre-existing one. To each his or her own. What I do not like is foreigners rushing to UA-cam and other social media platforms complaining about how they were scammed. I would much rather those foreigners simply suck it up, take the lost and move on. For me, the risk(s) does not outweigh the reward(s) as I am contented with the benefits simply renting offers me.
My filipino of 6 years we bought a house and lot in the provence. I said to my woman when we got the title well now you have a house and lot . Her reply the title is only a piece of paper it is our house. Really you can't take your money with you but you can invest it in people like children family. Life it not allllll about money some times it is about being cough cough loving of a country and people.
Like most women, one day she will wake up and be bored of you. Then you're screwed because she owns everything and you own nothing. Being giving is not the same as setting yourself up to get swindled.
@Rosita Baker Purchase by a former natural-born Filipino citizen who lost their citizenship by acquiring foreign citizenship is entitled to own up to 5,000 sqm of residential land, and 1 hectare of agricultural or farm land.Here's one link regarding this: www.chicagopcg.dfa.gov.ph/land-ownership-by-former-filipino-citizensHere's another link: kittelsoncarpo.com/property-ownership/
Grandpa, i have question to follow on Foreigner married to Filipina, acquire land and build house and have a contract of agreement in the event filipina spouse die then he will sell the property within 2years, now what if he dont want to leave and sell the property what he should do in order for him a security in staying and not be kick out by any Filipino family? Thank you so much for replying bec this is one of the argument of some foreigners.
@Racquel Lebre. Here's a link regarding this subject of inheritance: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/ Regarding land ownership by foreigners and "former" Filipino citizens, here's the link: sydneypcg.dfa.gov.ph/gen-info/162-land-owning-in-the-phils
Very simple ,while your wife is alive make a rental contract where it states that in event of her death the property goes to her children but the foreigner husband is allowed to live there as long as he wants ,,have both husband n wife sign it along with any children who are of age,,,if kids don't agree then the foreigner just sells n find another place
Maraming salamat po sa very informative content ng mga vlogs ninyo! How do I go about purchasing land in the Philippines when both seller and buyer are here in the states? Please advise! Maraming salamat po!
You have to contact a local reputable real estate agent. Try asking friends and relatives for recommendation, then check them out. Then, personally, I would go to the Philippines after looking at several properties online to checkout the properties before signing anything.
At 9.48 I wonder what constitutes "a reasonable amount of time". That's pretty cruel to someone who has just been bereaved. Not only do they lose their spouse, they are also forced to sell their house.
Don't know. The law is not specific on that matter. I guess it depends on each personal situation. Yes, it appears to be cruel, but one SHOULD know the possible consequences before making a decision to buy the house.
good advice, but being a foreigner myself and have a condo, I will sell, when time is right to buy a home with my so to be a wife and buy a house, and believe Filipino land belongs to Filipino's. I have no problem with that law. as such most foreigners if they have a good woman.
This has nothing to do with your wife; ITS DISRESPECTFUL TO THE FOREIGN SPOUSE FOR WHOM THE COUNTRY MAKES NO ACCOMMODATIONS FOR FAIR AND EQUAL TREATMENT. GET IT: - They are slapping you in the face for no reason than bigotry against foreign spouses.
I married an American but before him and my marriage i already acquired multiple properties.I asked my lawyer if i need to let him signed a pre nuptial agreement but my lawyer says I am fine because under our family code,foreigners cannot acquire property in the Philippines,if something happen to me my children can automatically inherit it.but i feel insecured specially when the hubby chooses to retire in there and people thought myproperty is coming from him and some women is flirting him thinking that the hubby is rich because of my properties and i am not around him too,am here in the US working.i talked again to my lawyer and he advised me to make me comfortable i need to transfer my properties in the name of my children.i made a deed of donation,donating all my properties to my children,i worked hard anyway for them...now the title and all the improvements of the property is under the new owner,my children...good luck to all women flirting him 🤨🤨🤨
Part of that law is frustrating. If I am a US citizen who marries a Filipina, and we build a home together, the title is in her name (which is OK). But if she dies before me, I'm essentially out on the street lol! Sure, I get the proceeds from the sale of the home, but I'm essentially displaced - even if that's our dream family home. So I'd basically be left mourning the loss of my spouse - AND lose my home on top of that. Talk about a double whammy! But at least I'd get money to go downgrade to a condo? 🤥
Why do you feel entitled? You will still get the proceeds of the sale of the condo anyway. You are not a citizen and you remained a foreigner. You feel displaced because the stupid politicians of your country allowed foreign ownership of lands in your country. Now the land prices in your country have become so high that many of among you can no longer afford to buy lands in your country for your retirement. Why should we entertain your wishes of being allowed to own lands in our country if the end result is we will suffer your fate? Do not blame our law, blame your own laws and your stupid politicians.
Sir, here’s my question in regards to owning a residential lot by former Filipinos who are now foreign citizens. You mentioned that former Filipinos can purchase and own residential lots but limited to 5,000 sq. m. Does this mean for each individual? Can a married couple own a total of 10,000 sq.meters? Thank you, sir.
Foreigners can only buy Appartements nothing more , they can own a House and Land if they are married with a native and it can be bought under their name . To maintain property she / he should maintain the Filipino Cititenship ..But I think for Business ,Foreigners are allowed to buy a Land but not for Building a House. ... I know it before because i can't buy a House , i lost my Phil Citizenship .
My wife inherited some land in the Philippines from her parents. She is in the US with me now. If she becomes a US citizen, does she still keep that land?
When a condo project is built, the marked/demand for expat eligible ownership will be different than the balance of the units. Expat eligible will be in short supply. So the value of expat owned condominium units should be higher than the remaining units. Have you found this to be true? Is there a distinct expat market? Are homes marketed this way?
I'm not aware of market value being affected by expat demands. However, I'm not even aware that units are specifically identified for expats. I believe they are all the same. It's just that when the threshold (40% of the units) are sold to expats, then you have to buy from existing expat owners and that could raise the price.
Demand is demand, after all, and in some countries, foreigners are charged more if the seller can get away with it. I am not sure about how prevalent this is in the Philippines, though. Your best bet would be to have a local, Filipino inquire about unit pricing, then go in as a foreigner to inquire about unit pricing to compare the cost difference.
Cars over 5 years old are not allowed to be brought in to the Philippines. Also, consider the following: availability of parts to maintain your car, and possible harassment by Customs ("lagay"). Unless there's a good reason to bring your car, I do not recommend it. Too many unknowns!
just like here in US if you buy a house, you pay the mortgage (if you paid off your mortgage, you own the house, but still you pay property tax for the land, because the land is not yours, it's owned by the government.....
Not correct, you own the land, (if titled) the Real Property Taxes,( however, if the land-only has a tax declaration, it is owned by the Government and you only own the "right of occupancy" }are just that, a tax collected to allow the government to maintain infrastructure to the public areas, which technically also partially belong to you as a citizen, that is in most democratic countries, however, not in all countries, such as China where the CCP owns everything.
@@vloggergrandpa2707 i live in Mainland USA....San Diego, CA, whether you like it or not, you have to pay property taxes or the government will take care of you..... kahit n ipamana mo sa mga anak mo ang bahay at lupa, still you pay property tax, so what does it means? you don't own the land....
@@metutubi True, but you still own the land. Those taxes are to support things like local schools. Everyone pays tax. in the PH you pay those taxes too BTW on top of all this other stuff.
Hi Sir good Morning I appreciate for your hard work to pass on very important topics on buying or selling the property in philippines , well I have an question sir I am legally married to philippines citizen we are thinking of buying an house and lot can it be on join name first my name second my wife name by the way I am an expats or called as foreigner .. pls advise thx tc
At 4.34 you say a foreigner can own 100% of a condominium or a townhouse. I think you're wrong about the townhouse. I'm pretty sure ownership of a townhouse includes the land underneath it. So, in this respect it can't be 100% owned by the foreigner.
hello love your channel, new to it.. I am particularly lnterested in recent comments about former filipino citizens being able to own land up to 5000 sq meters, I have found a house and lot of 3150 that im very interested in purchasing , wanting to check it out as soon as travel restrictions from usa lifted...can you direct me to the legal info that i can take with me just in case i have problems with transaction....again...thanks
@Michael Crider I would suggest getting a real estate lawyer to be safe rather than DIYing it yourself because of corruption in land deals. Or, you can hire a very knowledgeable realtor.
This could be complicated depending on whether you have a prenuptial agreement or not. For your reference, let me refer you to the following link: www.lamudi.com.ph/journal/property-ownership-before-and-during-marriage-and-after-separation/
@Vince Sang. Here's a link regarding this subject: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/ It's best to consult with a lawyer regarding this matter because it could be rather complicated.
Magandang umaga po Granpa. Dual citizen po ako gusto ko pong bumili ng lupa sa Pilipinas. Ang may ari po ng lupa andito din sa America. Kung ang bayadan at deed of absolute sale mangyayari at manggagaling dito sa US i hohonor po ba sa Pilipinas ang mga documents? Salamat po
at time mark 4:34 you said I could "own" a town house, I would like to know where the documentation for that is. Town houses are basically horizontal condos to me so that makes sense to me, but does it make sense to the Philippine government? I've seen what I would call "fixer upper" town houses I wouldn't mind buying one of.
Only way can buy land with a building is must be a perminate resident by a 13a visa for married to filipina and still can not will it to a nonfilipina.
Hello, thank you for your videos, i learn from you and appreciate that. Can you point me to information on the corporation rules that you discussed. I'm talking about the ability for a foreigner to own land when part of a corporation. I'm not sure i understand the details of how many people need to be part of the corporation, etc. Thank you, sir.
But what about the FATCA act, lets say as a dual citizen of US and Filipino citizen I own a piece of commercial lot, do I still have to pay taxes according to the FACTA act?
Good day grandpa. I have a question po. My partner is American, hindi kami kasal dahil di pa siya divorce sa asawa niya na Japanese. May anak sila na apat peru may ibat ibang pamilya na. 10 years na po kaming nagsama. nakabili ng 3000sq. lot at nagpatayo ng bahay. lahat po nakapangalan sa akin. peru may SPA siya sa property at may aggreement kami dalawa na siya ang ang nag invest sa property. at nakalagay dun na may lease sya. ang tanong po. may karapatan ba ang mga foreigner na anak niya sa property namin, anak po ba niya ang magka inherit kahit foreigner sila? may karapatan ba sila habulin ang property? kasi may aggreement kami sa partner ko at may SPA siya. Sana matulongan mo ako grandpa na malinawan po. Thank u and God bless
Best to consult a Philippine lawyer. I believe his children, just like the father, will not be able to own the property in the Philippines. Your husband can inherit the property when you die provided you have no WILL.
How do u compare inheritance tax vs donor's tax in the Philippines? Can a dual citizen parent pass a property on to the children who are not dual citizens?
Good question for a lawyer. However, why not just get dual citizenship for $50. Much less headache. It will probably cost you ten folds just to consult a lawyer. 😉
The philippines law on land not condos . Condos not own land rhey only a room not land it own. You must be a perminate resident of philippinre to own land or a car. After own it , it can not be on a will to a non resident of philippines or will not good. Land stays to residents only of philippines
@@vloggergrandpa2707 Is this a new law? When I was researching Philippine property law a foreigner couldn't own anything that sits on earth... even first floor condos.
@@vloggergrandpa2707 The REPUBLIC ACT NO. 7652 was enacted in May of 1993. I guess a foreigner can own a building (not the land). If a stand-alone house is desired, a land lease would have to be created. Thanks for setting me straight. ;)
I need clarification po. I am a US Citizen (naturalized). I bought 2 years ago, a subdivision home 290 sqm. Can I own this legally? I was a natural born Filipino. Please advise.
@Patti Cutler Purchase by a former natural-born Filipino citizen who lost their citizenship by acquiring foreign citizenship is entitled to own up to 5,000 sqm of residential land, and 1 hectare of agricultural or farm land. Here's one link regarding this: www.chicagopcg.dfa.gov.ph/land-ownership-by-former-filipino-citizens Here's another link: kittelsoncarpo.com/property-ownership/
thank you for your explanation about foreingers owning land in the philippines. i just want to add that laws are not in any foreigners best interests. the laws that govern foreigners who set up corporations must really think twice because a foreigner must relinquish 60% of corporate ownership to filipinos who may not have contributed anything to the corporation but their names. 60 % of ownership makes you a minority owner and the 60% ownnership owned by filipinos could overrule a foreigners 40% this goes against good judgement . a foreigner puts up all the resources for the corporation only to have people with no finacial investment in the corporation dictate to the person who has the capital to make the corporation grow. think i will pass on the insane notion telling me i can be the owner but i have to give away total control of my investment. its not worth the risk.
Yes, this is the reason that the Philippines is being passed up for foreign direct investment compared to places like Vietnam. Business people who want to invest in the Philippines need security and control of their own companies.
Hello: Wife is a natural born Philippines citizen currently USA citizen, but she has applied for her dual citizenship. Will are looking at 1 hector land on Leyte. QUESTON Can our children born in USA inherit the land?
@rocky heuer. Here's a link regarding this subject: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/
Not fully correct in regards to a Foreigner buying land with a Filipina / Filipino spouse. ( 9 mins) In that case, the foreigner can be placed upon the actual Title of the land. For example, Susan Smith, Philippine Citizen, married to John Smith American Citizen, in a "legal sense" this makes the spouse a 50% owner as Philippine Law states that all conjugal property is equally shared between the spouses.
The foreigner's name cannot be on the title. That's law. However, when you sell the property, the proceeds is conjugal property and will be shared equally between spouses.
@@vloggergrandpa2707 Beg to differ, please check your source. My wife and I own several properties and my Name is on the titles of all, as quoted, her Name, Filipino Citizen, Married to My Name, Australian Citizen. Re Andy Gee, also when I first started in the Philippines, I was informed that maximum Lease duration could be 25 years with an option of a further 25. (Private lands) However, Government lands could be 50 or 99-year leases. However, that was quite some time ago and may have changed.
Humm! I'm reading that differently, but I'm no lawyer. Ask another lawyer if you want. It's saying that it is titled to your wife, and explains that she is married to you. If it is titled to both of you, I would have thought that it would say Name and Name, Filipino citizens. That is probably noted on the title to be sure that when she sells the property, the buyer will know to get the permission of the husband to sell. Just a thought. As I said, I'm not a lawyer.
@@vloggergrandpa2707 Sorry to say, but much of what you have presented is not fully correct. If you wish you can PM me and discuss further, rather than here, however that is up to you. Example re the Condominium situation, let's say there are 20 units and you, a foreigner, own one, the title, that is provided will show that the property is owned by the corporation, (many are on leasehold, which is a whole other story) will state the names and percentage of ownership of each owner, including foreigners, Example John Smith, unit 2, owns 5% of the property "in common with others" thus technically you do not own a "defined" actual part of the titled land, just a portion "in common with others". As I say if you wish you can PM me, if not no problem. As for JustaBill02... If you feel you cannot trust your wife, why marry her, to ask your wife to give you a lease is not really very nice, how would you feel if it was the other way.
@@vloggergrandpa2707 The foreigner can be listed on the title as the spouse of the owner. But that's for hereditary purposes only and a foreigner can inherit property. It's the only way a foreigner can legally own property here, but keeping it is not necessarily the smartest thing to do since other family members can try to lay claim to it. So the best thing to do is to sell it ASAP, or possibly put it in the name of your child if he/she is a Philippines citizen. A friend just went through this a few years ago and he sold it.
Not really, John. It's because there are other benefits to being a dual citizen, not just owning land although that is significant. Actually, since I bought a condominium, I could have bought one without being a citizen anyway.
@@vloggergrandpa2707 ok thank you Danny for the quick response. You been so valuable to my wife and I. We are so close to retirement we can smell it and for now Philippines during winter here in MN is our plan. We are going to assess if full-time Philippines is doable. Maraming salamat Kuya 👍😊
Good day sir, Can you cover on how you can send money to the Philippines if you buy a property there in cash basis and you are here In the USA. Are you allowed to send money more than $20k with no problem? How? Thank you in advance.
That is covered in one of my vlogs. Here's the link to my channel. ua-cam.com/channels/YU70S4jYvhw0BOetMFdD6A.htmlvideos If you go to your bank, you send any amount you need, but using the bank does not give you a favorable exchange rate. Using other exchanges will give you better exchange rate but may be limited as to the amount. You can always send every day or week to take care of this limitation.
Why is it if your buying lot in Philippines they would recommend you to have to sets of declarations of value of the lot you purchase? Lower value and the real value? Wouldn’t you get in trouble by the government for declaring lower value for taxes and payments purposes? Thanks
I think the higher value is the true "fair market value", while the lower value is the "assessed value" used for tax purposes. At least that's how it is in the US. In the US the assessed value is discounted and it is usually fixed such as 80% or 70% of the fair market value. The total budget of the city, township, or county is divided by the total of all property assessed value to come-up with the millage rate.
Hypothetical scenario: I own a condominium building with 300 units and I want to get out of real estate. I receive an irresistible offer from a foreign real estate company. I am not allowed to sell?
Hi Po, what about an investor who came in the Ph to invest, but as you know Po, the investor had already his spouse married in his home country, the point is does the foreign investor with his married foreign legal wife must live on rent, example if he invest 20millions php, that does means necessary that he must divorce his own married wife to marrying a Filipina and then to be able to own a 2 or 5millions Php condo??? And with only 40% the share in it, most important point of it, will the other or other's "corporates" have the 60% of the money to pay it???? What do you Po think about it. You Po are not the blame, but , I did not hear You talked about the investor issues Many thanks and seeking forward for your Reply, Po
@Nygel Labelle Please see my other video regarding condo ownership or buying a property in the Philippines. That is covered in one or several of my vlogs. Here's the link to my channel. ua-cam.com/channels/YU70S4jYvhw0BOetMFdD6A.htmlvideos
Sir question po about inheritance. As a foreigner (born in Philippines) have a property owned not more than 1000sq, pwede na po bang ipa transfer sa name ng anak na foreigner din (not born in the Philippines)? Any suggestion po what tp do with the property. I hope you’ll notice my comment. Thank you Sir and God bless
@Ma. Kristina Butalon. Here's a link regarding this subject: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/
I have a question if you are a foreigner married to a Filipina woman and say you have a child together and say she passes away foes that child count as an heir? how does that work? from what I understand is the grand parents get custody automatically if they are living so i am assuming they would be able to take control if the child is a minor. but what even they are not living how would that work?
Humm, I'm not really sure. However, I don't think that the grandparents will have the right to the child. I believe that you will have the right. However, I would suggest consulting an attorney regarding the matter to be sure, but I have never heard of grandparents taking over the child while one of the spouses is still living...foreigner or not!
As a US citizen you can own a condominium because land is not titled to you. Now, if you are talking about land ownership, you may be allowed to inherit land provided your Filipino citizen parent die without a will. I don't really know why this is. Please talk to a legal counsel first.
Bayaw ko po ay may parte sa lupa nila sa Cavite, namatay po ang Nanay niya at namatay na rin po ang bayaw ko, ang question po ay yong lupa po Dalawa po ang anak niya born po dito sa USA, puede po bang i claim nila yong lupa, hindi po sila dual citizen, US citizen lang. Thank you po.
They have to establish their citizenship even if born in the Philippines. Also, if classified as former Filipino, they are allowed to own a limited amount (in size) of land. These are covered in one of my vlogs. Here's the link to my channel. studio.ua-cam.com/channels/YU70S4jYvhw0BOetMFdD6A.htmlplaylists
Only way someone not a filipino buy land with a house is must be a perminate resident 13a visa. And then can nit will property ti a non filipino. Only house can buy is a condo room house. Land not go with a condo room.
If your spouse dies without a will, the property will be transferred to you. If it is on the will, transfer will not be allowed. I do not understand the reasoning behind it. Ask a lawyer before doing it.
Can you do a post on home owners insurance and maybe car and motor cycle. I'm an american married to a filipina living in America yet. Her parents home burned down last year in mindanao no insurance! Now rebuilt and looking into insuring it.
I will be posting a vlog on car insurance. Meanwhile, contact Charter Ping An Ins. Corp. They will likely be able to give you a quote on all your insurance needs. Charter Ping is one of the top two insurance companies in the Philippines.
yes they can but its a double edged sword in the US. It is nearly impossible for a single Filipina woman to get a visa to even come to visit US immigration is completely closed off to them cause they know many would come here find a man get married have a child then divorced and take everything away from the man.
And look what's happening to the US right now. A lot of land is owned by countries like China or by multinational megacorporations that aren't even based in the US. Property prices are so high that citizens can not buy land in their own country. THAT is why these laws exist in the Philippines and other countries. It protects the citizens first, preventing other countries from owning and controlling the country through an economic "invasion". Without these laws, the Philippines would have been like Myanmar or Laos or Cambodia right now, where citizens are dirt poor, and all the major businesses and the economy are owned and controlled by China.
@Lhexter Morales. Here's a link regarding this subject of inheritance: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/ Regarding land ownership by foreigners and "former" Filipino citizens, here's the link: sydneypcg.dfa.gov.ph/gen-info/162-land-owning-in-the-phils
If you are an American citizen and want to purchase a condo in Tagaytay how much is put down how many years to purchase and l am guessing a lawyer is required ,thank you , what is procedure ,thank you
I bought my condo with 20% down although you can buy one that is less than that. The frequent term I have seen is 15 years, although some may give you 20 or more years. It depends on what you can afford to pay monthly. You don't really need a lawyer. Just a good, reliable agent would suffice. The agent I got is really good and responsive. If you need recommendation, let me know I can put you in touch with her. Hope this helps.
@James Cronk. Here's a link regarding this subject: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/
me and my wife born in the Philippines and we are now leaving in Australia and a citizen.. Can we purchase a farmland more than 1ha ( let us say 2ha. ) both in our names?
Hi, I’d like to get your advise on buying land in The Philippines. I’m Canadian and share a 2 year old child born in Canada with a Philippino woman. I have the opportunity now to buy a couple hectares of farm land in the Philippines but since I’m not a Philippino national I can’t buy that property. Can I buy the land and have my two year old’s name on the title? If that’s possible, would I still be in charge of the land or her mom would be the person that has power over the land?
@@vloggergrandpa2707 Just want to ask , you said in case the Filipino wife die or divorce the foreigner will be required to sell the property. I have three questions 1. Will the sell be at fair market value or will he have to take a lose to meet the sale deadline? In other words will he be forced to take a lose? 2 What if no one want to buy the property will he be allowed to live there continuously? 3. In case of a divorce or annulment will the Filipino spouse or family if she died, get a share of the sell proceeds? even though she did not buy the house but he did.
It depends on the condo. It is paid monthly. Some are about $50 per month, others are over $300 per month. It varies depending on the condominium and the area of the unit you occupy. The larger your unit is, the more expensive the fee.
Could the voting rights of foreign owners of a corporation owning land differ from the share of foreign owned equity? In other words: Could a foreigner hold e.g. 40% of the equity of a corporation which is owning land but 51% of the voting rights?
Hello Sir. I’m selling my condo for less than the amount I paid for. I was informed that I need to pay the capital gain which I’m expecting to be zero. I was informed I need to pay the capital gain for the current assessed value of the property and not the amount I paid for and it doesn’t matter there’s a gain or not. Please help. Thank you.
I'm afraid that is correct. Although it is called capital "gain" tax, it is not really a tax on the gain. It is like an excise tax or sales tax. It has nothing to do with "gain" from the sale of property. Silly and misleading, isn't it? But that is how it is done in the Philippines.
Are you sure about the 50 years plus 25 year lease? I was under the impression that only a 25+25 year lease is possible. Could you point me towards some laws that covers this. Much appreciated!
Here's the link that talks about 50 + 25 years: www.investateph.com/facts-foreigners-should-know-about-owning-a-property-in-the-philippines/ . However, I also saw some that says 25 + 25 so I'm not sure which one is right. You may want to inquire with a lawyer. At any rate, a total of 50 years should be good enough for retired individuals.
The 50+25 years lease is embodied in Sec 4 of RA 7652 www.officialgazette.gov.ph/1993/06/04/republic-act-no-7652/ However, the original intent of that law is for “long-term lease on private lands to foreign investors for the establishment of industrial estates, etc”, unless some smart lawyer has found a loophole to make it also applicable to residential homes for US retirees.
@@vloggergrandpa2707 It's 25+25 as it is still covered by Presidential Decree No. 471 the 50 + 25 is for business use and requires a minimum investment and registration with the DTI.
@@vloggergrandpa2707 I think it's normally a 25+25 then additional 25at the end of the term and may have a fee. From what I understand the 25_25 can be setup to be automatic, but as some kind of tax is added for the last 25 it can't be just added on.
Can I design a corporation in the PI where my wife owes 60% of the corporation and I , the foreigner owe the 40%, we can then buy property and I be protected for at least the 40%?
A domestic corporation is required to have a minimum of 5 shareholders/incorporators, majority of which must be Filipino citizens. Before you do that, be sure to consult with a qualified corporate and real estate lawyer.
Could you buy a property in your wife's name, and simultaneously buy a 50 + 25 year lease from your wife for some small price, so that even if spouse dies/annuls marriage, you still have control over/use of land for that time?
Yes, you can legally do that, however, may I say that if you feel you cannot trust your wife, why did you marry here, think if the shoe was on the other foot, would you feel like you were not trusted. Ouch
@@vloggergrandpa2707 No you can't Art. 1646 of the civil code gives reference to the persons disqualified to buy referring to Articles 1490 and 1491 of the civil code stating they are also disqualified to become lessees of the things mentioned therein. So Article 1646 refers to Article 1490 in determining who cannot lease to whom: Art. 1490. The husband and the wife cannot sell property to each other, except under certain circumstances such as the termination of marriage. So if they can't sell property to each other they can not lease to each other. That is why all such leases are void ab initio. Unfortunately some lawyers would still take your money and a draw up a fancy contract, knowing it would offer you no protection as it would be void from the start and it is not possible to get legal recourse from a void contract.
Roger Bound Without such an agreement, if anything happened to her in his lifetime, he would be homeless and lose his entire investment. I’m sure if a woman truly loved a man, she wouldn’t want him to be left homeless over a loophole in such a situation. It sounds like a wise part of estate planning to me.
Hello! I hope you can help me. What will happen to my properties, money in the bank and stocks investment in the Philippines if I become a citizen to another country? I am planning to renounce my filipino citizenzhip (i am a natural-born filipino)
some of these comments are quite funny talk about fairness as if US laws are any better well i hate to break it to you but US has crappy laws too like you could buy a house then after the fact get married and in 6 month she file for divorce and now she owns half your house that she has put zero money into how is that fair? I have friends married multiple times and they have had to buy back there house several times already. your best bet is never get married and live in a state that doesn't practice common law. just cause one country does things one way doesn't mean the other country is obligated to the same laws. Philippines laws are designed to protect their citizens Unlike the US its all about protecting the Elites and corporate entities they really don't care about its citizens so they have no such protections.
Although I paid for a farm and beachlot via a friend - I have a lease contract AND have a RIGHT OF SOLE OCCUPANCY contract. When I am dead and gone they can have it, it wont be any good to me.
Hi! I am planning to buy land and lease it to my husband so he can have the right to the house we are going to build. I've been doing the research but couldn't find an answer to this. Does the government set a limit on how much land can a foreigner lease?
Just came from the Philippines and not sure how Filipinos can ever afford to own a Condo or a house at what they are paid. I travel there often and shake my head at who created these laws. Ease of business is very difficult and unless they change some these laws this place will never proper. They have failed to modernize the system for foreign investment in particular western foreign investment. I have not bought any land or condos there because of these biased rules and don’t foresee ever investing there unless they change the percentage of ownership. No sane individual is going to use their hard earned money to invest in something and give away 60% of it .🤷♂️This place is 50 years in the past🤦♂️
So do you think all Filipinos are poor as rats and we don't have people who earn more than PHP 100k a month? Don't you know we have OFWs, successful businessmen, rich families in the provinces, etc. who invest in condos in Metro Manila that they can use as residence when they need to travel to Manila or when their kids are already studying in Metro Manila?
@Rhodora Rodriguez Purchase by a former natural-born Filipino citizen who lost their citizenship by acquiring foreign citizenship is entitled to own up to 5,000 sq.m. of residential land, and 1 hectare of agricultural or farm land.
Do you think it would be best to rent for first five years of marriage and then buy when you get citizenship so my name can be on the property. If after five years marriage and I get citizenship is there any reason they can take my citizenship back?
I would highly recommend that, not only from citizenship standpoint, but also from the standpoint of testing the water. Making sure that you like the place, and making sure that your marriage will work as well.
@@vloggergrandpa2707 She is a very good woman and close to my age so I'm not one of those Americans looking for a child bride.She is a very good person with her master's degree in education. I enjoy watching your channel and welcome your knowledge.
There is no problem if you become a citizen, but you will have to renounce your former citizenship which is very unfair on the part of the Philippine government and irresponsible for an individual to do as you have a responsibility towards your family. I love my country the UK and America but I also love the Philippines why do I have to give up my connection to my two sons.
@David-Paul US is the same way. They will ask you to renounce your citizenship when you go for US Naturalization. The difference is that Philippine allow you to recapture your citizenship after while US does not.
I do not see the benefit of marrying a Filipina. Her name goes on title, she is the owner, not the expat. That's called a gift. That the land could be sold should the wife die is not a very compelling reason. Also be careful of leasing land when you have a Filipina girlfriend living with you. That may be considered a common law marriage and any property acquired is co-owned. If you get a 25 year lease and pay the entire 25 year lease up front that could convey ownership to the girlfriend. I'm not a Philippine lawyer but the words I read in the few laws I've read sound vague. I think I would be at a serve disadvantage trying to convince a court there of anything. Philippine legal system is alien to me and I'm not looking to increase stress getting entangled in legal matters. It seems cheaper to me to rent with as short a term lease as possible. However, on the other hand, if land and simple house cost say $20k USD, for me that wouldn't be a big risk. Might be worth the risk if I'd been married to a Filipina for several years and things looked stable. Eyes open.
![Should I retire in the Philippines or stay in U.S.? [Why foreigners/Filipinos love the Philippines.]](http://i.ytimg.com/vi/_zrUCoPyK4E/mqdefault.jpg)
Just to be clear, a foreigner can own a house or townhouse that sits on land that his wife owns. He can own the house whether or not he leases the land. However it's not wise to not lease the land. He can also have a power of attorney given to him by his Filipina spouse which gives him complete control over the property. There are many other options to protect yourself but you really need to discuss this with a competent attorney and be sure your spouse will agree with you.
Can't she just reverse this power of attorney decision if she ever wants to divorce you?
Danny, you’re almost at 30K subs milestones. I learned so much on your vids. Salamat po!
Thank you too!
I have invested thousands of pounds in the Philippines, raised two philippino kids, put them through school helped out with charity work learnt to speak tagalog fluently and spent a fortune on land but it all has to be exclusively in my wife's name. The kids enjoy every right of citizenship except voting though they are able to get British citizenship if they wish. After 22 year myself in the Philippines I am worth nothing to the Philippine government philipinos are allowed dual citizenship but not for us.
I agree the Philippines discriminates in a very foul way against foreign spouses. We would like to invest there and create businesses and build properties, and create jobs for Philippine citizens, due to family connections. But; - I can't stomach the thought that my wife gets full citizenship and all rights of a citizen as a permanent resident, including buying land in my country, but if we invest with her in her country, they have no respect for our marriage. Dispite children who are citizens, and a wife who is...- you'll always be a unwelcome foreigner even as a spouse (actions speak louder than words). You will never be welcome into the Philippine national family even in marriage. Bigotry does not just happen in the west as you can see.
as a filipino I agree that we need to abolish this rule(or atleast lessen the grip for foreigners), any country who allow foreigners to own land and business are seeing progress like china, almost all companies are investing in china and made china a global power. as a filipino, we should learn from this and open the gates for foreign investment and businesses to flourish to our country and not only does that helps employment, it also helps us filipinos to improve our import products, make our OFWs come back home and stop the brain drain that has been happening for hundreds of years, this is not asslicking, it's just business and in this deal, we're winning.
why don't you apply to be a full citizen of PI?
Ty very informative! So knowing that if we only have a small parcel of land that we bought years back and now we r currently US citizens we should still be acquiring the title since it has been fully paid for about over a decade ago and paid for the title processing almost 2 years ago. I am glad to learn this from you very helpful !👍🏻😊ty!!!!
Thank you for explaining options in owning a property in the Philippines...best guidelines for both Filipinos & foreigners... Sir, God bless and stay safe 🙏🏼🌷🌺🌸🌹💮🌼🥀🙏
Congrats, your vid doesn't have anymore feedback. Good stuff!
Thank you for bringing that to my attention! 😉
Thanks, Danny. Good to know you don't have to be a dual Citizen in order to own land with house on a 50 sq/m in the Philippines. The only problem you won't be able to build a mansion on the property unless you build verticle (3-6 story house. :)
Good point regarding 60% Filipino ownership as it relates to condo square-footage, since going by number of units would allow for abuse and we would likely see many properties with small closets being designated as 'units' while 95% of the property was designated for the remaining '40%'.
I love your channel and videos. This is great information, thank you!
Thank you for the professional presentation. Fair choices for expats.
Hi Sir, what a big help...topic...now i knew....You are a great well spoken speaker Sir....
First time subscriber, good information. Thank you. M
Just a correction, its 1K square meters for residential and 1 hectare for rural. The 5k sq. meters is for commercial on urban and 3 hectares on provincial.
That is correct.
Thank you for the video. Personally, I don’t recommend to buy a property in Philippines especially if you don’t know the real estate rules and don’t forget, everybody’s interest is only their own pockets. If you really want o live in Philippines, rent for awhile.
Maraming salamat, Po, para ng information. Mabuti yan!
Very interesting subject..thank you po God Bless😇🙏
Thanks for your video....I will check out your channel....very interesting video because I'm buying land now and I am facing some difficulty with the papers, titles....I will be posting videos about it
Very informative, thank you so much.
This is very interesting Danny and my wife and I were set on just renting when we retire. This is tempting me to reconsider. Another great topic sir, you just keep them coming.
We were just talking about this earlier today. I have a couple questions about what I have heard.
1. The foreigner can own the property/improvements built or on the land.
2. The title will be in the Filipino's name, but the foreigner wants to have their name on the Bill of Sale, to stop the property from being sold out from under them. If the foreigner's name is on the Bill of Sale the property cannot be sold without the foreigner's approval too.
Do you know if this information is correct?
Great idea to have the contract giving the property to the foreigner if the Filipino dies.
Thank you! Take care and God bless you all!
(1) Correct.
(2) Both names can be on the contract of sale, but only Filipino's name can be on the title. Because of conjugal rights, I believe that both parties will have to agree to sell the property even if the property is only on Filipino's name.
(3) No, the Filipino is not giving the property to the foreigner when Filipino dies. Within reasonable time, he is being given the right to sell the property and to keep the proceeds. Otherwise, the title to the property will revert to the heirs of the Filipino spouse.
By the way, here's the answer to your question regarding whether or not a property could be sold without foreigner spouses' approval :
"If married, the spouse must signify his or her consent. Otherwise, the sale is void. Under the family Code, if the spouse sold the property without the consent and knowledge of the other spouse, then the sale is void. However, the transaction shall be considered as a continuing offer and may be perfected upon acceptance of the other spouse. On the other hand, if the spouse sold the community property with the knowledge but without the consent of the other, the contract is merely annullable. The other spouse has 5 years from the date of the contract to go to court and seek the annulment of the contract."
Philippine Retirement & Travels very good thank you
@@vloggergrandpa2707 Thats incorreect. property can be inherited by xpats. it's a rather complicated process from what I have read. Many get around this inheritance mess by putting the property in a childs name. insuring the property isn't sold. even if under age the property is still held in the family and no need for it to be sold.
interestingly, section 7 of article X11 of the Philippine constitution covers foreign national inheritance, strangely inheriting from Philippine spouse is allowed if there is NO will, but the land can not be left to the foreign national in the will, but nothing surprises me
Thank you po. Keep safe and God Bless.
Pay freehold price for leasehold must to be most stupid option :D we have leasehold in UK as well, but only flats. Most common 125 years, but you can get 999 years as well. 999 years it's like a freehold, but still leasehold, but you have much more security. I seen houses with condominium title, I believe that's only reasonable option to buy or put house on your child name who was your nationality. That's i believe another most secure way to buy to avoid wife running away with sold property money.
A fair number of us have already owned property or properties in America or in countries considered to be the "West" Many of us really have no desire to own property in the Philippines during our retirement age as is the case with myself. I plan to simply rent and explore as much of the islands as possible. AirBnB easily allows me to do that with really no to very little worry one would have with "ownership", which in my opinion is not a true definition of the word.
Not attempting to discourage anyone from purchasing land and/or lot and building either a new home or a pre-existing one. To each his or her own. What I do not like is foreigners rushing to UA-cam and other social media platforms complaining about how they were scammed. I would much rather those foreigners simply suck it up, take the lost and move on. For me, the risk(s) does not outweigh the reward(s) as I am contented with the benefits simply renting offers me.
Thank you for the knowledge
My filipino of 6 years we bought a house and lot in the provence. I said to my woman when we got the title well now you have a house and lot . Her reply the title is only a piece of paper it is our house. Really you can't take your money with you but you can invest it in people like children family. Life it not allllll about money some times it is about being cough cough loving of a country and people.
Like most women, one day she will wake up and be bored of you. Then you're screwed because she owns everything and you own nothing. Being giving is not the same as setting yourself up to get swindled.
We adopted 4 kids in the Philippines and now they are U.S. citizens can they own house and lot in the Philippines given by us.
@Rosita Baker Purchase by a former natural-born Filipino citizen who lost their citizenship by acquiring foreign citizenship is entitled to own up to 5,000 sqm of residential land, and 1 hectare of agricultural or farm land.Here's one link regarding this: www.chicagopcg.dfa.gov.ph/land-ownership-by-former-filipino-citizensHere's another link: kittelsoncarpo.com/property-ownership/
That's wonderful you adopted four kids in Philippines. I am at one adopted and hoping for three more.
Can you please make a topic regarding Filipinos who wants to retire in Philippines and bring their personal stuff like cars. Thank you very much!
Let me look into that.
I looked into bringing a car from Europe to the Philippines but I decided against it. The import taxes would have been too much to make it worthwhile.
Good stuff. Thanks...
Good to know just in case if I want to buy a land in the Philippines.Thanks
Grandpa, i have question to follow on Foreigner married to Filipina, acquire land and build house and have a contract of agreement in the event filipina spouse die then he will sell the property within 2years, now what if he dont want to leave and sell the property what he should do in order for him a security in staying and not be kick out by any Filipino family? Thank you so much for replying bec this is one of the argument of some foreigners.
@Racquel Lebre. Here's a link regarding this subject of inheritance: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/
Regarding land ownership by foreigners and "former" Filipino citizens, here's the link: sydneypcg.dfa.gov.ph/gen-info/162-land-owning-in-the-phils
Very simple ,while your wife is alive make a rental contract where it states that in event of her death the property goes to her children but the foreigner husband is allowed to live there as long as he wants ,,have both husband n wife sign it along with any children who are of age,,,if kids don't agree then the foreigner just sells n find another place
Maraming salamat po sa very informative content ng mga vlogs ninyo!
How do I go about purchasing land in the Philippines when both seller and buyer are here in the states?
Please advise!
Maraming salamat po!
You have to contact a local reputable real estate agent. Try asking friends and relatives for recommendation, then check them out. Then, personally, I would go to the Philippines after looking at several properties online to checkout the properties before signing anything.
@@vloggergrandpa2707 Maraming salamat po sa inyong input and recommendations.
Mabuhay po kayo.
At 9.48 I wonder what constitutes "a reasonable amount of time". That's pretty cruel to someone who has just been bereaved. Not only do they lose their spouse, they are also forced to sell their house.
Don't know. The law is not specific on that matter. I guess it depends on each personal situation. Yes, it appears to be cruel, but one SHOULD know the possible consequences before making a decision to buy the house.
good advice, but being a foreigner myself and have a condo, I will sell, when time is right to buy a home with my so to be a wife and buy a house, and believe Filipino land belongs to Filipino's. I have no problem with that law. as such most foreigners if they have a good woman.
This has nothing to do with your wife; ITS DISRESPECTFUL TO THE FOREIGN SPOUSE FOR WHOM THE COUNTRY MAKES NO ACCOMMODATIONS FOR FAIR AND EQUAL TREATMENT. GET IT: - They are slapping you in the face for no reason than bigotry against foreign spouses.
I married an American but before him and my marriage i already acquired multiple properties.I asked my lawyer if i need to let him signed a pre nuptial agreement but my lawyer says I am fine because under our family code,foreigners cannot acquire property in the Philippines,if something happen to me my children can automatically inherit it.but i feel insecured specially when the hubby chooses to retire in there and people thought myproperty is coming from him and some women is flirting him thinking that the hubby is rich because of my properties and i am not around him too,am here in the US working.i talked again to my lawyer and he advised me to make me comfortable i need to transfer my properties in the name of my children.i made a deed of donation,donating all my properties to my children,i worked hard anyway for them...now the title and all the improvements of the property is under the new owner,my children...good luck to all women flirting him 🤨🤨🤨
You are smart!
It's not five thousand square meters. It's only one thousand square meters according to our attorney.
👍👍👍very helpful
Part of that law is frustrating. If I am a US citizen who marries a Filipina, and we build a home together, the title is in her name (which is OK). But if she dies before me, I'm essentially out on the street lol! Sure, I get the proceeds from the sale of the home, but I'm essentially displaced - even if that's our dream family home. So I'd basically be left mourning the loss of my spouse - AND lose my home on top of that. Talk about a double whammy! But at least I'd get money to go downgrade to a condo? 🤥
Why do you feel entitled? You will still get the proceeds of the sale of the condo anyway. You are not a citizen and you remained a foreigner. You feel displaced because the stupid politicians of your country allowed foreign ownership of lands in your country. Now the land prices in your country have become so high that many of among you can no longer afford to buy lands in your country for your retirement. Why should we entertain your wishes of being allowed to own lands in our country if the end result is we will suffer your fate? Do not blame our law, blame your own laws and your stupid politicians.
Sir, here’s my question in regards to owning a residential lot by former Filipinos who are now foreign citizens. You mentioned that former Filipinos can purchase and own residential lots but limited to 5,000 sq. m. Does this mean for each individual? Can a married couple own a total of 10,000 sq.meters? Thank you, sir.
That's a good question. Something to ask a lawyer, but it does appear that each individual might be entitled to 5,000 sqm.
@@patrioticpinoy3753 Source this please
Thank you!
Foreigners can only buy Appartements nothing more , they
can own a House and Land if they
are married with a native and it can be bought under their name .
To maintain property she / he should maintain the Filipino
Cititenship ..But I think for Business ,Foreigners are allowed
to buy a Land but not for Building
a House. ...
I know it before because i can't buy
a House , i lost my Phil Citizenship .
My wife inherited some land in the Philippines from her parents. She is in the US with me now. If she becomes a US citizen, does she still keep that land?
A former Filipino citizen is allowed to own land with some limitation.
@Timothy Smith. That is covered in one of my vlogs. Here's the link to my channel. studio.ua-cam.com/channels/YU70S4jYvhw0BOetMFdD6A.htmlplaylists
When a condo project is built, the marked/demand for expat eligible ownership will be different than the balance of the units. Expat eligible will be in short supply. So the value of expat owned condominium units should be higher than the remaining units. Have you found this to be true? Is there a distinct expat market? Are homes marketed this way?
I'm not aware of market value being affected by expat demands. However, I'm not even aware that units are specifically identified for expats. I believe they are all the same. It's just that when the threshold (40% of the units) are sold to expats, then you have to buy from existing expat owners and that could raise the price.
Demand is demand, after all, and in some countries, foreigners are charged more if the seller can get away with it. I am not sure about how prevalent this is in the Philippines, though. Your best bet would be to have a local, Filipino inquire about unit pricing, then go in as a foreigner to inquire about unit pricing to compare the cost difference.
Hi grandpa!
I would like to know if a returning resident to the Philippines is allowed to bring car tax free.
Cars over 5 years old are not allowed to be brought in to the Philippines. Also, consider the following: availability of parts to maintain your car, and possible harassment by Customs ("lagay"). Unless there's a good reason to bring your car, I do not recommend it. Too many unknowns!
just like here in US if you buy a house, you pay the mortgage (if you paid off your mortgage, you own the house, but still you pay property tax for the land, because the land is not yours, it's owned by the government.....
Are you from Hawaii? Because I heard that that's how it is in Hawaii, but not mainland US.
Not correct, you own the land, (if titled) the Real Property Taxes,( however, if the land-only has a tax declaration, it is owned by the Government and you only own the "right of occupancy" }are just that, a tax collected to allow the government to maintain infrastructure to the public areas, which technically also partially belong to you as a citizen, that is in most democratic countries, however, not in all countries, such as China where the CCP owns everything.
@@vloggergrandpa2707 i live in Mainland USA....San Diego, CA, whether you like it or not, you have to pay property taxes or the government will take care of you..... kahit n ipamana mo sa mga anak mo ang bahay at lupa, still you pay property tax, so what does it means? you don't own the land....
@@metutubi True, but you still own the land. Those taxes are to support things like local schools. Everyone pays tax. in the PH you pay those taxes too BTW on top of all this other stuff.
@@patrioticpinoy3753 Hawaii is a different story. Houses there are passed from generation to generation, and few ever come up for sale.
Hi Sir good Morning I appreciate for your hard work to pass on very important topics on buying or selling the property in philippines , well I have an question sir I am legally married to philippines citizen we are thinking of buying an house and lot can it be on join name first my name second my wife name by the way I am an expats or called as foreigner .. pls advise thx tc
The land can only be on your wife's name, but your name can only be on any improvement (building) on the lot.
@@vloggergrandpa2707 good morning , thx you so much sir appreciate it tc
At 4.34 you say a foreigner can own 100% of a condominium or a townhouse. I think you're wrong about the townhouse. I'm pretty sure ownership of a townhouse includes the land underneath it. So, in this respect it can't be 100% owned by the foreigner.
You are correct. I mean to say "condominium townhouse" because condominiums are not limited to high rise buildings. Good catch. Thanks.
of course its by unit..
hello love your channel, new to it.. I am particularly lnterested in recent comments about former filipino citizens being able to own land up to 5000 sq meters, I have found a house and lot of 3150 that im very interested in purchasing , wanting to check it out as soon as travel restrictions from usa lifted...can you direct me to the legal info that i can take with me just in case i have problems with transaction....again...thanks
@Michael Crider I would suggest getting a real estate lawyer to be safe rather than DIYing it yourself because of corruption in land deals. Or, you can hire a very knowledgeable realtor.
@@vloggergrandpa2707 thanks
sir, i have a question. if a filipina wife dies, can a foreigner husband has a right to claim her share of piece of land from her family? TIA
This could be complicated depending on whether you have a prenuptial agreement or not. For your reference, let me refer you to the following link: www.lamudi.com.ph/journal/property-ownership-before-and-during-marriage-and-after-separation/
Thanks...clear as mud.
@@vloggergrandpa2707 It is possible for a foreigner to own land in their name via Intestate inheritance as provided for in the constitution.
@Vince Sang. Here's a link regarding this subject: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/ It's best to consult with a lawyer regarding this matter because it could be rather complicated.
Magandang umaga po Granpa. Dual citizen po ako gusto ko pong bumili ng lupa sa Pilipinas. Ang may ari po ng lupa andito din sa America. Kung ang bayadan at deed of absolute sale mangyayari at manggagaling dito sa US i hohonor po ba sa Pilipinas ang mga documents? Salamat po
I suggest getting the documents drafted in accordance with Philippine requirement. Philippines has too many kutso-kutso!
at time mark 4:34 you said I could "own" a town house, I would like to know where the documentation for that is. Town houses are basically horizontal condos to me so that makes sense to me, but does it make sense to the Philippine government? I've seen what I would call "fixer upper" town houses I wouldn't mind buying one of.
Sorry, I misspoke. I meant that to be condominium only because land belongs to the condo association unlike a townhouse.
@@vloggergrandpa2707 darn
Only way can buy land with a building is must be a perminate resident by a 13a visa for married to filipina and still can not will it to a nonfilipina.
Hello, thank you for your videos, i learn from you and appreciate that. Can you point me to information on the corporation rules that you discussed. I'm talking about the ability for a foreigner to own land when part of a corporation. I'm not sure i understand the details of how many people need to be part of the corporation, etc. Thank you, sir.
Here's a link: www.pinoymoneytalk.com/buying-and-owning-property-in-the-philippines/#4_Purchase_of_land_by_a_corporation Hopefully this helps.
Thanks again
But what about the FATCA act, lets say as a dual citizen of US and Filipino citizen I own a piece of commercial lot, do I still have to pay taxes according to the FACTA act?
Both FATCA and FBAR do not require any tax payment. It's just informational to discourage money laundering. 🙂
Vlogger Grandpa, USA that’s a relief! Thank you po
Good day grandpa. I have a question po. My partner is American, hindi kami kasal dahil di pa siya divorce sa asawa niya na Japanese. May anak sila na apat peru may ibat ibang pamilya na.
10 years na po kaming nagsama. nakabili ng 3000sq. lot at nagpatayo ng bahay. lahat po nakapangalan sa akin. peru may SPA siya sa property at may aggreement kami dalawa na siya ang ang nag invest sa property. at nakalagay dun na may lease sya. ang tanong po. may karapatan ba ang mga foreigner na anak niya sa property namin, anak po ba niya ang magka inherit kahit foreigner sila? may karapatan ba sila habulin ang property? kasi may aggreement kami sa partner ko at may SPA siya. Sana matulongan mo ako grandpa na malinawan po. Thank u and God bless
Best to consult a Philippine lawyer. I believe his children, just like the father, will not be able to own the property in the Philippines. Your husband can inherit the property when you die provided you have no WILL.
How do u compare inheritance tax vs donor's tax in the Philippines? Can a dual citizen parent pass a property on to the children who are not dual citizens?
Good question for a lawyer. However, why not just get dual citizenship for $50. Much less headache. It will probably cost you ten folds just to consult a lawyer. 😉
The philippines law on land not condos . Condos not own land rhey only a room not land it own. You must be a perminate resident of philippinre to own land or a car. After own it , it can not be on a will to a non resident of philippines or will not good. Land stays to residents only of philippines
No foreigner can own any building that sits on the ground. Second floor ownership is permitted. As I understand it, "townhouse" is on the ground.
You can own a townhouse that sits on the ground. It's only the land that cannot be titled to a Foreigner.
@@vloggergrandpa2707 Is this a new law? When I was researching Philippine property law a foreigner couldn't own anything that sits on earth... even first floor condos.
@@vloggergrandpa2707 The REPUBLIC ACT NO. 7652 was enacted in May of 1993. I guess a foreigner can own a building (not the land). If a stand-alone house is desired, a land lease would have to be created. Thanks for setting me straight. ;)
you don't understand the concept of condominium ownership with unit entitlements.
I need clarification po. I am a US Citizen (naturalized). I bought 2 years ago, a subdivision home 290 sqm. Can I own this legally? I was a natural born Filipino. Please advise.
The title is on my name but I added my brother on the title. So we are both on title. Can I remove his name?
Additional question following.
@Patti Cutler Purchase by a former natural-born Filipino citizen who lost their citizenship by acquiring foreign citizenship is entitled to own up to 5,000 sqm of residential land, and 1 hectare of agricultural or farm land.
Here's one link regarding this: www.chicagopcg.dfa.gov.ph/land-ownership-by-former-filipino-citizens
Here's another link: kittelsoncarpo.com/property-ownership/
@Patti Cutler Of course. But your brother will most likely be required to sign his name on the document as well.
I forgot to add I am a US citizen . TY
thank you for your explanation about foreingers owning land in the philippines. i just want to add that laws are not in any foreigners best interests. the laws that govern foreigners who set up corporations must really think twice because a foreigner must relinquish 60% of corporate ownership to filipinos who may not have contributed anything to the corporation but their names. 60 % of ownership makes you a minority owner and the 60% ownnership owned by filipinos could overrule a foreigners 40% this goes against good judgement . a foreigner puts up all the resources for the corporation only to have people with no finacial investment in the corporation dictate to the person who has the capital to make the corporation grow. think i will pass on the insane notion telling me i can be the owner but i have to give away total control of my investment. its not worth the risk.
Yes, this is the reason that the Philippines is being passed up for foreign direct investment compared to places like Vietnam. Business people who want to invest in the Philippines need security and control of their own companies.
Hello: Wife is a natural born Philippines citizen currently USA citizen, but she has applied for her dual citizenship. Will are looking at 1 hector land on Leyte. QUESTON Can our children born in USA inherit the land?
@rocky heuer. Here's a link regarding this subject: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/
Not fully correct in regards to a Foreigner buying land with a Filipina / Filipino spouse. ( 9 mins) In that case, the foreigner can be placed upon the actual Title of the land.
For example, Susan Smith, Philippine Citizen, married to John Smith American Citizen, in a "legal sense" this makes the spouse a 50% owner as Philippine Law states that all conjugal property is equally shared between the spouses.
The foreigner's name cannot be on the title. That's law. However, when you sell the property, the proceeds is conjugal property and will be shared equally between spouses.
@@vloggergrandpa2707 Beg to differ, please check your source. My wife and I own several properties and my Name is on the titles of all, as quoted, her Name, Filipino Citizen, Married to My Name, Australian Citizen. Re Andy Gee, also when I first started in the Philippines, I was informed that maximum Lease duration could be 25 years with an option of a further 25. (Private lands) However, Government lands could be 50 or 99-year leases. However, that was quite some time ago and may have changed.
Humm! I'm reading that differently, but I'm no lawyer. Ask another lawyer if you want. It's saying that it is titled to your wife, and explains that she is married to you. If it is titled to both of you, I would have thought that it would say Name and Name, Filipino citizens. That is probably noted on the title to be sure that when she sells the property, the buyer will know to get the permission of the husband to sell. Just a thought. As I said, I'm not a lawyer.
@@vloggergrandpa2707 Sorry to say, but much of what you have presented is not fully correct. If you wish you can PM me and discuss further, rather than here, however that is up to you. Example re the Condominium situation, let's say there are 20 units and you, a foreigner, own one, the title, that is provided will show that the property is owned by the corporation, (many are on leasehold, which is a whole other story) will state the names and percentage of ownership of each owner, including foreigners, Example John Smith, unit 2, owns 5% of the property "in common with others" thus technically you do not own a "defined" actual part of the titled land, just a portion "in common with others".
As I say if you wish you can PM me, if not no problem.
As for JustaBill02... If you feel you cannot trust your wife, why marry her, to ask your wife to give you a lease is not really very nice, how would you feel if it was the other way.
@@vloggergrandpa2707 The foreigner can be listed on the title as the spouse of the owner. But that's for hereditary purposes only and a foreigner can inherit property. It's the only way a foreigner can legally own property here, but keeping it is not necessarily the smartest thing to do since other family members can try to lay claim to it. So the best thing to do is to sell it ASAP, or possibly put it in the name of your child if he/she is a Philippines citizen. A friend just went through this a few years ago and he sold it.
Danny in this video a Philippine born Foreigner can own land after all. Would this knowledge have swayed your decision in becoming a dual citizen?
Not really, John. It's because there are other benefits to being a dual citizen, not just owning land although that is significant. Actually, since I bought a condominium, I could have bought one without being a citizen anyway.
@@vloggergrandpa2707 ok thank you Danny for the quick response. You been so valuable to my wife and I. We are so close to retirement we can smell it and for now Philippines during winter here in MN is our plan. We are going to assess if full-time Philippines is doable. Maraming salamat Kuya 👍😊
Good day sir, Can you cover on how you can send money to the Philippines if you buy a property there in cash basis and you are here In the USA. Are you allowed to send money more than $20k with no problem? How? Thank you in advance.
That is covered in one of my vlogs. Here's the link to my channel. ua-cam.com/channels/YU70S4jYvhw0BOetMFdD6A.htmlvideos If you go to your bank, you send any amount you need, but using the bank does not give you a favorable exchange rate. Using other exchanges will give you better exchange rate but may be limited as to the amount. You can always send every day or week to take care of this limitation.
Why is it if your buying lot in Philippines they would recommend you to have to sets of declarations of value of the lot you purchase? Lower value and the real value? Wouldn’t you get in trouble by the government for declaring lower value for taxes and payments purposes? Thanks
I think the higher value is the true "fair market value", while the lower value is the "assessed value" used for tax purposes. At least that's how it is in the US. In the US the assessed value is discounted and it is usually fixed such as 80% or 70% of the fair market value. The total budget of the city, township, or county is divided by the total of all property assessed value to come-up with the millage rate.
Hypothetical scenario: I own a condominium building with 300 units and I want to
get out of real estate. I receive an irresistible offer from a foreign real estate company.
I am not allowed to sell?
No, because foreigners can only own less than half of the hotel.
@@vloggergrandpa2707 Then I lose the opportunity of the attractive offer
and the Philippines the injection of foreign capital to the economy.
Hi Po, what about an investor who came in the Ph to invest, but as you know Po, the investor had already his spouse married in his home country, the point is does the foreign investor with his married foreign legal wife must live on rent, example if he invest 20millions php, that does means necessary that he must divorce his own married wife to marrying a Filipina and then to be able to own a 2 or 5millions Php condo??? And with only 40% the share in it, most important point of it, will the other or other's "corporates" have the 60% of the money to pay it????
What do you Po think about it.
You Po are not the blame, but , I did not hear You talked about the investor issues
Many thanks and seeking forward for your Reply, Po
@Nygel Labelle Please see my other video regarding condo ownership or buying a property in the Philippines. That is covered in one or several of my vlogs. Here's the link to my channel. ua-cam.com/channels/YU70S4jYvhw0BOetMFdD6A.htmlvideos
@@vloggergrandpa2707 ok thank you very much
Sir question po about inheritance. As a foreigner (born in Philippines) have a property owned not more than 1000sq, pwede na po bang ipa transfer sa name ng anak na foreigner din (not born in the Philippines)? Any suggestion po what tp do with the property. I hope you’ll notice my comment. Thank you Sir and God bless
@Ma. Kristina Butalon. Here's a link regarding this subject: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/
Thank you Sir.
I have a question if you are a foreigner married to a Filipina woman and say you have a child together and say she passes away foes that child count as an heir? how does that work? from what I understand is the grand parents get custody automatically if they are living so i am assuming they would be able to take control if the child is a minor. but what even they are not living how would that work?
Humm, I'm not really sure. However, I don't think that the grandparents will have the right to the child. I believe that you will have the right. However, I would suggest consulting an attorney regarding the matter to be sure, but I have never heard of grandparents taking over the child while one of the spouses is still living...foreigner or not!
Can somebody from the US come to the and buy an RV in Louisville
my mom is a dual citizen and I am a legal or natural aire . Can I own and what do I need to do ? Wife of Chris Neunhoffer. TYVM
As a US citizen you can own a condominium because land is not titled to you. Now, if you are talking about land ownership, you may be allowed to inherit land provided your Filipino citizen parent die without a will. I don't really know why this is. Please talk to a legal counsel first.
Bayaw ko po ay may parte sa lupa nila sa Cavite, namatay po ang Nanay niya at namatay na rin po ang bayaw ko, ang question po ay yong lupa po Dalawa po ang anak niya born po dito sa USA, puede po bang i claim nila yong lupa, hindi po sila dual citizen, US citizen lang. Thank you po.
They have to establish their citizenship even if born in the Philippines. Also, if classified as former Filipino, they are allowed to own a limited amount (in size) of land. These are covered in one of my vlogs. Here's the link to my channel. studio.ua-cam.com/channels/YU70S4jYvhw0BOetMFdD6A.htmlplaylists
Only way someone not a filipino buy land with a house is must be a perminate resident 13a visa. And then can nit will property ti a non filipino. Only house can buy is a condo room house. Land not go with a condo room.
If your spouse dies without a will, the property will be transferred to you. If it is on the will, transfer will not be allowed. I do not understand the reasoning behind it. Ask a lawyer before doing it.
Can you do a post on home owners insurance and maybe car and motor cycle. I'm an american married to a filipina living in America yet. Her parents home burned down last year in mindanao no insurance! Now rebuilt and looking into insuring it.
I will be posting a vlog on car insurance. Meanwhile, contact Charter Ping An Ins. Corp. They will likely be able to give you a quote on all your insurance needs. Charter Ping is one of the top two insurance companies in the Philippines.
@@vloggergrandpa2707 Thank you your a big help.
Filipino can own land in the United State and they don't have to be a citizen
Well we are not Usa idiot
yes they can but its a double edged sword in the US. It is nearly impossible for a single Filipina woman to get a visa to even come to visit US immigration is completely closed off to them cause they know many would come here find a man get married have a child then divorced and take everything away from the man.
And look what's happening to the US right now. A lot of land is owned by countries like China or by multinational megacorporations that aren't even based in the US. Property prices are so high that citizens can not buy land in their own country. THAT is why these laws exist in the Philippines and other countries. It protects the citizens first, preventing other countries from owning and controlling the country through an economic "invasion".
Without these laws, the Philippines would have been like Myanmar or Laos or Cambodia right now, where citizens are dirt poor, and all the major businesses and the economy are owned and controlled by China.
If you have $$$ you can own anything in the US
Im planing to buy 150 square feet land in the philippines but im american citizen . Do i need to be dual before i buy this land?
@Lhexter Morales. Here's a link regarding this subject of inheritance: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/
Regarding land ownership by foreigners and "former" Filipino citizens, here's the link: sydneypcg.dfa.gov.ph/gen-info/162-land-owning-in-the-phils
If you are an American citizen and want to purchase a condo in Tagaytay how much is put down how many years to purchase and l am guessing a lawyer is required ,thank you , what is procedure ,thank you
I bought my condo with 20% down although you can buy one that is less than that. The frequent term I have seen is 15 years, although some may give you 20 or more years. It depends on what you can afford to pay monthly. You don't really need a lawyer. Just a good, reliable agent would suffice. The agent I got is really good and responsive. If you need recommendation, let me know I can put you in touch with her. Hope this helps.
I thought naturalized US citizen can buy residential land of up to 1,000 sqm only. 5k for commercial land only.
What about a foreign spouse inherit from the filipino spouse if they die
@James Cronk. Here's a link regarding this subject: www.guampdn.com/story/news/local/bayanihan/2016/09/17/foreigners-can-inherit-private-lands-philippines/89947474/
me and my wife born in the Philippines and we are now leaving in Australia and a citizen.. Can we purchase a farmland more than 1ha ( let us say 2ha. ) both in our names?
Good question! I'm not sure if you can combine the individual limit to one. Please consult with a real estate attorney.
Can an American buy an RV in the Philippines and live in a camp ground
Hi, I’d like to get your advise on buying land in The Philippines. I’m Canadian and share a 2 year old child born in Canada with a Philippino woman. I have the opportunity now to buy a couple hectares of farm land in the Philippines but since I’m not a Philippino national I can’t buy that property. Can I buy the land and have my two year old’s name on the title? If that’s possible, would I still be in charge of the land or her mom would be the person that has power over the land?
I suggest you consult with a real estate attorney on that. It could be used as a vehicle to "control" land by a foreigner.
@@vloggergrandpa2707
Just want to ask , you said in case the Filipino wife die or divorce the foreigner will be required to sell the property. I have three questions 1. Will the sell be at fair market value or will he have to take a lose to meet the sale deadline? In other words will he be forced to take a lose? 2 What if no one want to buy the property will he be allowed to live there continuously? 3. In case of a divorce or annulment will the Filipino spouse or family if she died, get a share of the sell proceeds? even though she did not buy the house but he did.
I just want to ask, if you owned a Condo in the Phillippines, how much the maintenance fee's, is it monthly or quarterly payments please. Thanks
It depends on the condo. It is paid monthly. Some are about $50 per month, others are over $300 per month. It varies depending on the condominium and the area of the unit you occupy. The larger your unit is, the more expensive the fee.
Could the voting rights of foreign owners of a corporation owning land differ from the share of foreign owned equity? In other words: Could a foreigner hold e.g. 40% of the equity of a corporation which is owning land but 51% of the voting rights?
Not sure about Corporate Law aspect on your question.
Hello Sir. I’m selling my condo for less than the amount I paid for. I was informed that I need to pay the capital gain which I’m expecting to be zero. I was informed I need to pay the capital gain for the current assessed value of the property and not the amount I paid for and it doesn’t matter there’s a gain or not. Please help. Thank you.
I'm afraid that is correct. Although it is called capital "gain" tax, it is not really a tax on the gain. It is like an excise tax or sales tax. It has nothing to do with "gain" from the sale of property. Silly and misleading, isn't it? But that is how it is done in the Philippines.
@@vloggergrandpa2707 thank you very much for the information.
Are you sure about the 50 years plus 25 year lease? I was under the impression that only a 25+25 year lease is possible.
Could you point me towards some laws that covers this.
Much appreciated!
Here's the link that talks about 50 + 25 years: www.investateph.com/facts-foreigners-should-know-about-owning-a-property-in-the-philippines/ . However, I also saw some that says 25 + 25 so I'm not sure which one is right. You may want to inquire with a lawyer. At any rate, a total of 50 years should be good enough for retired individuals.
The 50+25 years lease is embodied in Sec 4 of RA 7652
www.officialgazette.gov.ph/1993/06/04/republic-act-no-7652/
However, the original intent of that law is for “long-term lease on private lands to foreign investors for the establishment of industrial estates, etc”, unless some smart lawyer has found a loophole to make it also applicable to residential homes for US retirees.
@@vloggergrandpa2707 It's 25+25 as it is still covered by Presidential Decree No. 471 the 50 + 25 is for business use and requires a minimum investment and registration with the DTI.
Just leased land few years ago.. maximum is 25+25
@@vloggergrandpa2707 I think it's normally a 25+25 then additional 25at the end of the term and may have a fee. From what I understand the 25_25 can be setup to be automatic, but as some kind of tax is added for the last 25 it can't be just added on.
I am naturalized US citizen, so I am allowed to buy 500 sq.meters and be able to build a house.
Can I design a corporation in the PI where my wife owes 60% of the corporation and I , the foreigner owe the 40%, we can then buy property and I be protected for at least the 40%?
A domestic corporation is required to have a minimum of 5 shareholders/incorporators, majority of which must be Filipino citizens. Before you do that, be sure to consult with a qualified corporate and real estate lawyer.
Could you buy a property in your wife's name, and simultaneously buy a 50 + 25 year lease from your wife for some small price, so that even if spouse dies/annuls marriage, you still have control over/use of land for that time?
Excellent question. I would think that you can, but best to check with a lawyer and please let me know when you get the answer. 😉
Yes, you can legally do that, however, may I say that if you feel you cannot trust your wife, why did you marry here, think if the shoe was on the other foot, would you feel like you were not trusted. Ouch
@@vloggergrandpa2707 No you can't Art. 1646 of the civil code gives reference to the persons disqualified to buy referring to Articles 1490 and 1491 of the civil code stating they are also disqualified to become lessees of the things mentioned therein. So Article 1646 refers to Article 1490 in determining who cannot lease to whom: Art. 1490. The husband and the wife cannot sell property to each other, except under certain circumstances such as the termination of marriage. So if they can't sell property to each other they can not lease to each other. That is why all such leases are void ab initio. Unfortunately some lawyers would still take your money and a draw up a fancy contract, knowing it would offer you no protection as it would be void from the start and it is not possible to get legal recourse from a void contract.
@@rogerboundZambales You can't lease land from your spouse, read my comment to Philippine Retirement & Travels if you want the legal basis.
Roger Bound Without such an agreement, if anything happened to her in his lifetime, he would be homeless and lose his entire investment. I’m sure if a woman truly loved a man, she wouldn’t want him to be left homeless over a loophole in such a situation. It sounds like a wise part of estate planning to me.
Hello! I hope you can help me. What will happen to my properties, money in the bank and stocks investment in the Philippines if I become a citizen to another country? I am planning to renounce my filipino citizenzhip (i am a natural-born filipino)
@Abcd Effg You have to consult with a lawyer on that. My guess is you will still own them except, maybe, for the land ownership.
Can an American buy a houseboat in the Philippines before he gets married
Do you have an idea how much the land per sqm in Lipa City this day..thank you
You should really ask a real estate agent. There are many factors that affect value...location is number one.
@@vloggergrandpa2707 Thank you so much po, I learned so much by watching your vlog and always looking forward for more..stay safe po as always
some of these comments are quite funny talk about fairness as if US laws are any better well i hate to break it to you but US has crappy laws too like you could buy a house then after the fact get married and in 6 month she file for divorce and now she owns half your house that she has put zero money into how is that fair? I have friends married multiple times and they have had to buy back there house several times already. your best bet is never get married and live in a state that doesn't practice common law. just cause one country does things one way doesn't mean the other country is obligated to the same laws. Philippines laws are designed to protect their citizens Unlike the US its all about protecting the Elites and corporate entities they really don't care about its citizens so they have no such protections.
Comrade Chairman Bei Jing Biden and The Party will protect us!
Although I paid for a farm and beachlot via a friend - I have a lease contract AND have a RIGHT OF SOLE OCCUPANCY contract. When I am dead and gone they can have it, it wont be any good to me.
Hi! I am planning to buy land and lease it to my husband so he can have the right to the house we are going to build. I've been doing the research but couldn't find an answer to this. Does the government set a limit on how much land can a foreigner lease?
Exactly right way to do it
Just came from the Philippines and not sure how Filipinos can ever afford to own a Condo or a house at what they are paid. I travel there often and shake my head at who created these laws. Ease of business is very difficult and unless they change some these laws this place will never proper. They have failed to modernize the system for foreign investment in particular western foreign investment. I have not bought any land or condos there because of these biased rules and don’t foresee ever investing there unless they change the percentage of ownership. No sane individual is going to use their hard earned money to invest in something and give away 60% of it .🤷♂️This place is 50 years in the past🤦♂️
Their laws do not encourage FDI. So Filipinos go abroad to better legal jurisdictions to earn money.
So do you think all Filipinos are poor as rats and we don't have people who earn more than PHP 100k a month? Don't you know we have OFWs, successful businessmen, rich families in the provinces, etc. who invest in condos in Metro Manila that they can use as residence when they need to travel to Manila or when their kids are already studying in Metro Manila?
Hello po...just want to make sure ..those who became US citizens ( not dual citizenship) can buy property in Phils. With limit sqm.?…Thank you po.
@Rhodora Rodriguez Purchase by a former natural-born Filipino citizen who lost their citizenship by acquiring foreign citizenship is entitled to own up to 5,000 sq.m. of residential land, and 1 hectare of agricultural or farm land.
Vlogger Grandpa, USA thank you so much po for replying really appreciate .
Do you think it would be best to rent for first five years of marriage and then buy when you get citizenship so my name can be on the property. If after five years marriage and I get citizenship is there any reason they can take my citizenship back?
I would highly recommend that, not only from citizenship standpoint, but also from the standpoint of testing the water. Making sure that you like the place, and making sure that your marriage will work as well.
@@vloggergrandpa2707 She is a very good woman and close to my age so I'm not one of those Americans looking for a child bride.She is a very good person with her master's degree in education. I enjoy watching your channel and welcome your knowledge.
You're so lucky. That's not an easy find. Good luck. 😉
There is no problem if you become a citizen, but you will have to renounce your former citizenship which is very unfair on the part of the Philippine government and irresponsible for an individual to do as you have a responsibility towards your family. I love my country the UK and America but I also love the Philippines why do I have to give up my connection to my two sons.
@David-Paul US is the same way. They will ask you to renounce your citizenship when you go for US Naturalization. The difference is that Philippine allow you to recapture your citizenship after while US does not.
Why are these koreans owning residences and probably the land becoz they built their own village in korean name in pampanga?
maybe is condo? but you can own land with corporation
I do not see the benefit of marrying a Filipina. Her name goes on title, she is the owner, not the expat. That's called a gift. That the land could be sold should the wife die is not a very compelling reason.
Also be careful of leasing land when you have a Filipina girlfriend living with you. That may be considered a common law marriage and any property acquired is co-owned. If you get a 25 year lease and pay the entire 25 year lease up front that could convey ownership to the girlfriend. I'm not a Philippine lawyer but the words I read in the few laws I've read sound vague. I think I would be at a serve disadvantage trying to convince a court there of anything.
Philippine legal system is alien to me and I'm not looking to increase stress getting entangled in legal matters. It seems cheaper to me to rent with as short a term lease as possible. However, on the other hand, if land and simple house cost say $20k USD, for me that wouldn't be a big risk. Might be worth the risk if I'd been married to a Filipina for several years and things looked stable.
Eyes open.