What is the Original/ Transfer/Condominium Certificate of Title?
The Original/ Transfer/Condominium Certificate of Title are the types of Land Title in the Philippines.
A land title is a legal document that proves ownership and rights over a piece of land or property. It is issued by the government and is recorded in the Registry of Deeds.
There are three main types of land titles in the Philippines:
a. Original Certificate of Title (OCT)
-
The Original Certificate of Title (OCT) is the first title issued for a piece of land that has never been registered under the Torrens System before.
-
It is granted to landowners after completing legal and administrative procedures such as agricultural free patents, judicial titling, or other land registration processes.
b. Transfer Certificate of Title (TCT)
-
The Transfer Certificate of Title (TCT) is issued when an OCT or another TCT is transferred from one owner to another.
-
This happens when a property is sold, inherited, or otherwise transferred.
-
The previous title is canceled, and a new TCT is issued under the new owner’s name.
c. Condominium Certificate of Title (CCT)
-
The Condominium Certificate of Title (CCT) is issued to individual unit owners in a condominium project.
-
Unlike land titles, a CCT pertains to a specific condominium unit and includes a proportionate share in the common areas of the building.
- Requirements for Professional Real Estate Service Assistance
- I’m a property owner. How can I sell or lease my property?
- What is Professional Real Estate Service Assistance?
- What is a Tax Declaration of Land and Improvement?
- How can I avail of Professional Real Estate Service Assistance?
- Can I get Real Estate Service Assistance and handle my own inquiries?
- What is a Real Property Tax (RPT) Receipt?
- Can I sell or lease w/o Professional Real Estate Service Assistance?