• • Coverage & Limits: Covers apartments, houses, and boarding houses/rooms with monthly rentals of PHP 1.00 to PHP 10,000.00 in Metro Manila and other highly urbanized cities, and PHP 1.00 to PHP 5,000.00 in other areas.
  • Rent Increases: Annual increases for existing tenants are capped at 7%. When a unit becomes vacant, the landlord may set a new, higher rate for the next tenant
    .

• Default on Payment: The most common ground is failure to pay the principal amount or interest on a loan, often defined as missing a specific number of payments.
• Breach of Mortgage Contract: Violation of any terms, such as failure to pay real estate taxes, failure to maintain insurance, or selling the property without the lender’s consent.
• Unpaid Interest and Principal: Even if part of the loan was paid, significant unpaid, legitimate, and agreed-upon interest and principal can trigger foreclosure. 

• If a sale is conducted, the proceeds pay for costs and the debt; any remaining funds go to the debtor, but if there is a deficiency, the lender may sue for it, depending on the type of foreclosure. 

1. Primary Heirs: Legitimate children and their direct descendants.
2. Secondary Heirs: Legitimate parents and direct ascendants (only in default of legitimate children/descendants).
3. Concurring Heirs:
   • The surviving spouse (widow or widower).
   • Illegitimate children (both acknowledged natural children and other illegitimate children). 

• Purpose: To secure a real estate loan, acting as the security document for a promissory note.
• Parties: Identifies the borrower(s) and the lender(s), including any guarantors.
• Property Description: Provides a detailed legal description of the real property being used as collateral.
• Loan Terms: Outlines the loan amount (principal), interest rate (fixed or adjustable), repayment schedule (monthly installments), and maturity date.
• Covenants & Obligations: Requires the borrower to maintain the property, pay property taxes, and maintain insurance.
• Default & Remedies: Defines what constitutes a breach of contract (e.g., missed payments) and the lender’s rights to accelerate the loan (make the full balance due) and initiate foreclosure.
• Discharge: States that the mortgage becomes null and void once the debt is fully repaid. 

An exclusively marketed property is a real estate asset assigned to a single authorized broker or agent for promotion and sale. The property is promoted through planned and coordinated marketing strategies such as advertisements, client outreach, and scheduled site viewings. Because only one representative manages the inquiries and negotiations, information given to buyers is consistent, accurate, and professionally handled.

This arrangement is carried out in accordance with Republic Act No. 9646 (Real Estate Service Act of the Philippines), which requires that only licensed real estate brokers and salespersons conduct real estate transactions and marketing activities. It ensures that the property is represented ethically and competently under the supervision of a registered broker.

The Comprehensive Agrarian Reform Program (CARP), established by Republic Act No. 6657 in 1988, is the Philippines’ primary land reform initiative aimed at promoting social justice, poverty alleviation, and rural development. It covers all public and private agricultural lands, redistributing them to landless farmers and farmworkers to break land monopolies and foster equity. 

The agrarian reform is part of the long history of attempts of land reform in the Philippines.^[3] The law was outlined by former President Corazon C. Aquino through Presidential Proclamation 131 and Executive Order 229 on June 22, 1987,^[4] and it was enacted by the 8th Congress of the Philippines and signed by Aquino on June 10, 1988. In 1998, which was the year that it was scheduled to be completed, the Congress enacted Republic Act No. 8532 ^[5] to allocate additional funds for the program and extending the automatic appropriation of ill-gotten wealth recovered by the Presidential Commission on Good Government (PCGG) for CARP until the year 2008.

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• Ownership Scope: You own the interior of your unit (“walls-in”) and an undivided interest in the common areas, such as hallways, amenities, and the land.
• Maintenance & Fees: Monthly fees cover exterior maintenance, amenities (pool, gym), and security, reducing personal upkeep responsibilities.
• Rules & Restrictions: Strict homeowners’ association (HOA) bylaws govern noise, pets, parking, and exterior appearance (e.g., door color).
• Lifestyle: Ideal for urban dwellers seeking convenience, security, and shared amenities.
• Cost: Generally less expensive to buy, but subject to ongoing, increasing HOA fees. 

• Ownership Scope: You own the entire structure, the land it sits on, and all surrounding property (yard/garden).
• Maintenance & Costs: You are solely responsible for all maintenance, repairs, and associated costs, including roof, landscaping, and exterior upkeep.
• Freedom & Control: You have maximum privacy and flexibility to renovate, remodel, or change the home’s appearance without seeking approval.
• Lifestyle: Suited for those desiring space, privacy, and long-term, independent control.
• Cost: Higher upfront cost and generally higher utility bills, but no monthly HOA fees (unless in a managed community).