Here are simple ways of checking the authenticity of titles:ġ. There are some instances also where there are fake titles roaming around, and it really pays to take extra attention to the authenticity of the title and the reliability of the person you are contracting to. It is based on the premise of Caveat Emptor, or let the buyer beware, in so doing, before committing yourself in buying a property, check not only the certified true copy but the original copy of the title at the Registry of Deeds, check whether there are annotations at the back of the title like encumbrances, liens, mortgage, adverse claim, or pending suit (lis pendens), Section 4, Rule 74 of the Rules of Court, sale or donation of undivided portion and any other claims to the property depreciative to its value, because without doing it, you will take and shoulder all risks and the one at loss due to such negligence. To give you a better understanding, the following, among others, are VAT exempt transactions (BIR Revenue Regulations 03-2012): As experience, there are some who buy properties without knowing that the sale is subject to VAT, thus the contract is silent as to who shoulders the VAT, which is a big problem and causes further delay in the transfer and titling rocess especially if there's no one who wants to give way. It really pays to have technical know-how in real estate since we adhere to the latin maxim of Ignoratia legis non excusat, which means ignorance of the law excuses no one. Normally, it is the seller who pays for the capital gains tax/creditable withholding tax, however, there's no exact provision in the law as to who will shoulder for the expenses of the sale, it’s always upon the agreement of the parties concerned and there enters the indispensable role of a contract. Provided further that before signing any agreement, make sure to read the entire provisions, since maybe an item you missed will have a big deal in the future. Writing it down doesn’t mean that the element of trust isn’t there, it’s a matter of preserving your interest so in case of conflict in the future there is a document to guard and protect you.
When you are buying a million worth of property, it always follows that you have something as a proof that payment has been made as well as conveyance of ownership, otherwise you are just throwing away your money for property which is only half yours. While, there are instances wherein some choose not to write down every agreement because of the trust reposed towards the other party, always remember that writing it down is a necessity no matter how simple the agreement is. Maybe it’s one of the reasons why Statutes of Frauds provides that agreements to be enforceable needs to be in writing and subscribed by both parties, like an agreement in real estate.
Vox emissa volat litera scripta manet - Words spoken vanish the written letter remains. MAKE SURE TO SET DOWN EVERYTHING IN BLACK AND WHITE Although the interface is intuitive, normal users will not be able to use this program, as it contains a lot of unfamiliar information.1.
#Just cause 4 reloaded software#
To sum up, Informatik Mapdraw Deed Mapper is a very useful software tool to have on your computer, if you happen to be a land survey professional. Although the maps are automatically scaled and centered, so as to be displayed properly on your monitor, you should know that when you want to print something, you can specify the scale. The maps generated by this software tool can be saved in a number of different formats, such as PDF, PNG, and GIF and so on.
Furthermore, this application also has the option to add curves, by entering the arc distance or the chord, the radius and the left/right orientation.
All you have to do in order to generate a map is to add into the program the direction, angle and distance of each section of the deed’s legal description. Informatik Mapdraw Deed Mapper offers an intuitive interface with a lot of options, which makes using it ideal for daily use. The term ‘metes’ refers to a boundary defined by the measurement of each straight run, specified by a distance between the terminal points and an orientation or direction, while the term ‘bounds’ refers to a general boundary description (e.g. In order to define and describe boundaries of a parcel or a land, the system usually makes use of physical features of the local geography, coupled with directions and distances. Metes and bounds is a method of describing real estate, used in the United Kingdom and other countries. With this, you will be able to create numerous maps based on metes and bounds. Informatik Mapdraw Deed Mapper is a useful piece of software developed specifically for land title insurance, real estate, legal and survey professionals.