If you intend to buy or invest in real estate, whether it’s a condominium, a parcel of land or a house and lot, you should know the basic requirements on how to transfer the title of property to your name.
What are the documents needed for land/condominium title transfer?
BASIC documents:
Original Deed of Absolute Sale (duly notarized)
- It simply refers to a document executed by the seller and buyer of a specific real property indicating therein that the seller has agreed to transfer the ownership of the said property in favor of the buyer in view of the full payment of the purchase price. It must be duly notarize before a Notary Public.
Tax Declaration (certified true copy only)
- A document issued by the Assessor’s Office of the City or Municipality where the property is located which shows the current and fair market value of the property. The tax declaration also contains a description of the property sufficient in detail. You can request a certified true copy of the tax declaration from the Assessor’s Office of the City or Municipality where the property is located.
Original Owner’s Duplicate Copy of Title
- Refers to the duplicate copy of the original copy of the certificate of title issued to the registered owner. It is very important that the seller (registered owner) surrender the original owner’s duplicate copy of the title to the buyer.
Certified True Copy of Certificate of Title
- It refers to a facsimile or image of a certificate of title in the records of the Office of the Register of Deeds, the contents of which are attested to be an accurate and complete reproduction of the original document. You can request a certified true copy of the title from the Register of Deeds where the subject property is located.
ADDITIONAL requirements:
Condominium Management Certificate (original)
- If the property subject of sale is a Condominium unit, owners are required to secure a Certificate of Clearance from the Administration Office, prior to the execution of any agreement for the sale of such unit, for the purpose of certifying that the seller does not have any outstanding accounts with the Condominium Corporation.
Certificate of No Improvement (original)
- The City or Municipal Assessor’s Office issues this certificate to any property owners or to his/her duly authorized representative as proof that the property has no existing building/structure and/or machinery or with improvements. Certificate of No Improvement is required when the property subject of sale pertains to land or lot without any building/structure thereon.
If you have the above documentary requirements with you, then you are ready to transfer the title of the property to your name. In the next article, we will discuss the process of how to facilitate title transfer.
In case you need assistance relative to land/condominium title transfer, you can contact DOMINIUM Land Title Service with office address at 625 Vinia Residences Philam, EDSA Southbound, Quezon City.
