REPUBLIC ACT NO. 3120
AN ACT CONVERTING CERTAIN PARCELS OF LAND IN THE CITY OF MANILA WHICH ARE RESERVED AS COMMUNAL PROPERTY INTO DISPOSABLE OR ALIENABLE LANDS OF THE STATE AND PROVIDING FOR THEIR SUBDIVISION AND SALE.
Section 1. Lot 62 of Block 573 and Lot 21-B of Block 610 of the cadastral survey of the City of Manila, all situated in the District of Malate, City of Manila, which are reserved as communal property are hereby converted into disposable or alienable lands of the State, to be placed under the administration and 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, fix the price of each lot 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 to 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, further, 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, further, That in the event of lease, the rentals which may be charged shall not exceed eight per cent per annum of the assessed valuation of the property leased: Property, finally, That in fixing the price of each lot, the cost of subdivision and survey shall not be included.chanrobles virtualaw library
Sec. 2. Upon the 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 tenants 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.chanrobles virtualaw library
Sec. 3. Upon the 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 monthly installments from the date of liquidation.chanrobles virtualaw library
Sec. 4. No property acquired by virtue of this Act shall be sold, transferred, 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.chanrobles virtualaw library
Sec. 5. The Chairman of the Land Tenure Administration, with the approval of the President of the Philippines, shall issue such rules and regulations as may be necessary to carry out the provisions of this Act.chanrobles virtualaw library
Sec. 6. This Act shall take effect upon its approval.
Approved: June 17, 1961