1What is a land title?
A legal document that serves as conclusive proof of land ownership under the Torrens System.
2What are the two main types of land titles?
Original Certificate of Title (OCT) and Transfer Certificate of Title (TCT).
3What is an Original Certificate of Title (OCT)?
The first title issued for land brought under the Torrens System.
4What is a Transfer Certificate of Title (TCT)?
A new title issued when ownership of land is transferred to another person.
5What law governs land titles?
Presidential Decree No. 1529 (Property Registration Decree).
6What is a deed?
A written legal instrument that transfers or affects ownership or rights over land.
7What are common types of deeds?
Deed of Sale, Deed of Donation, Deed of Mortgage, Deed of Partition, Deed of Exchange.
8What is the function of a deed?
It serves as evidence of a transaction involving land ownership or rights.
9What is the legal significance of a land title?
It is indefeasible and conclusive proof of ownership, except in cases of fraud.
10What is the legal significance of a deed?
It proves the transfer or encumbrance of land but must be registered to affect third parties.