PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 1162 - AN
ACT PROVIDING FOR THE EXPROPRIATION OF LANDED ESTATES OR HACIENDAS OR
LANDS WHICH FORMED PART THEREOF IN THE CITY OF MANILA, THEIR
SUBDIVISION INTO SMALL LOTS, AND THE SALE OF SUCH LOTS AT COST OR THEIR
LEASE ON REASONABLE TERMS, AND FOR OTHER PURPOSES |
Section 1. The
expropriation of landed estates or haciendas in the City of Manila,
which have been and are actually being leased to tenants, is hereby
authorized.cralaw Sec. 2. Immediately upon the availability of the necessary funds by the Congress of the Philippines for the payment of just compensation for the said landed estates or haciendas, the Solicitor General shall institute the necessary expropriation proceedings before the competent court of the City of Manila.cralaw Sec. 3. The landed estates or haciendas expropriated by virtue of this Act shall be subdivided into small lots, none of which shall exceed one hundred and fifty square meters in area, to be sold at cost to the tenants, or occupants, of said lots, and other individuals, in the order mentioned: Provided, That if the tenant of any given lots is not able to purchase said lot, he shall be given a lease from month to month of said lot until such time that he is able to purchase the same: Provided, further, That in the event of lease, the rentals that may be charged by the Government shall not exceed twelve per cent per annum of the assessed valuation of the property leased.cralaw Sec. 4. The sale of the lots of the landed estates or haciendas expropriated by virtue of this Act, shall be in installments for a period of not less than ten years.cralaw
Sec. 5. From the approval of this Act, and until
the expropriation herein provided, no ejectment proceedings shall be
instituted or prosecuted against any tenant or occupant of any landed
estates or haciendas herein authorized to be expropriated if he pays
his current rentals: Provided, however, That if any tenant or occupant
is in arrears in the payment of rentals or any amounts due in favor of
the owners of the said landed estates or haciendas, the amount legally
due shall be liquidated and shall be payable in eighteen equal monthly
installments from the time of liquidation: Provided, further, That the
rentals being collected from the tenants of the landed estates or
haciendas herein authorized to be expropriated, shall not be increased
above the amounts of rentals being charged as of December thirty-one,
nineteen hundred and fifty-three, except in cases where there were
existing rental contracts for a fixed period which expired on said
date: Provided, furthermore, That no lot or portion thereof actually
occupied by a tenant or occupant shall be sold by the landowner to any
other person than such tenant or occupant, unless the latter renounces
in a public instrument his rights under this Act: Provided, finally,
That if there should be tenants who have constructed bona fide
improvements on the lots leased by them, the rights of these tenants
should be recognized in the sale or in the lease of the lots, the
limitation as to area in section three notwithstanding. Sec. 7. The property acquired by virtue of this Act may not be sold, transferred, mortgaged, or otherwise disposed of within a period of five years from the date full ownership has been vested in the purchaser without the consent of the Secretary of Agriculture and Natural Resources.cralaw
Sec. 8. The amount of fifteen million pesos is
hereby authorized to be appropriated for the purposes of this Act:
Provided, however, That this shall be without prejudice to any method
of raising the necessary funds required for the expropriation herein
provided, which the President of the Philippines may determine,
including the use of proceeds of government bonds which may be
authorized by law. Approved: June 18, 1954 |
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