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REPUBLIC ACT NO. 4118 - AN ACT
CONVERTING CERTAIN PARCELS OF LAND IN THE CITY OF MANILA, WHICH IS
RESERVED AS COMMUNAL PROPERTY, INTO DISPOSABLE OR ALIENABLE LAND OF THE
STATE AND PROVIDING FOR ITS SUBDIVISION AND SALE
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| SECTION
1. Lot 1-B-2B of Block 557 of the cadastral survey of
the City of Manila, situated in the District of Malate, City of Manila,
which is reserved as communal property, is hereby converted into
disposable or alienable land of the State, to be placed under the
disposal of the Land Tenure Administration. The Land Tenure
Administration shall subdivide the property into small lots, none of
which shall exceed one hundred and twenty square meters in area and
sell the same on installment basis to the tenants or bona fide
occupants thereof and to individuals, in the order mentioned: provided,
that no down payment shall be required of tenants or bona fide
occupants who cannot afford to pay such down payment: provided,
further, that no person can purchase more than one lot: provided,
furthermore, that if the tenant or bona fide occupant of any given lot
is not able to purchase the same, he shall be given a lease from month
to month until such time that he is able to purchase the lot: provided,
still further, that in the event of lease, the rentals which may be
charged shall exceed eight per cent per annum of the assessed value of
the property leased: and provided, finally, that in fixing the price of
each lot, which shall not exceed twenty pesos per square meter, the
cost of subdivision and survey shall not be included. SECTION 2. Upon approval of this Act, no ejectment proceedings against any tenant or bona fide occupant of the above lots shall be instituted and any ejectment proceedings pending in court against any such tenant or bona fide occupant shall be dismissed upon motion of the defendant: provided, that any demolition order directed against any tenant or bona fide occupant thereof shall be lifted. SECTION 3. Upon approval of this Act, if the tenant or bona fide occupant is in arrears in the payment of any rentals, the amount legally due shall be liquidated and shall be payable in twenty-four equal monthly installments from the date of liquidation. SECTION 4. No property acquired by virtue of this Act shall be transferred, sold, mortgaged, or otherwise disposed of within a period of five years from the date full ownership thereof has been vested in the purchaser without the consent of the Land Tenure Administration. SECTION 5. In the event of the death of the purchaser prior to the complete payment of the price of the lot purchased by him, his widow and children shall succeed in all his rights and obligations with respect to his lot. SECTION 6. The Chairman of the Land Tenure Administration, shall implement and issue such rules and regulations as may be necessary to carry out the provisions of this Act. SECTION 7. The sum of one hundred fifty thousand pesos is appropriated out of any funds in the National Treasury not otherwise appropriated, to carry out the purposes of this Act. SECTION 8. All laws or parts of laws inconsistent with this Act are repealed or modified accordingly. SECTION 9. This Act shall take effect upon its approval. Approved: June 20, 1964 |
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