A Home for Every Filipino
Evident in many laws relating to real estate is the underlying presumption that every act of a developer proceeds from avarice. Apparently proceeding from this presumption of guilt, the general trend in these laws has been to impose excessive demands and conditions, as if to penalize the entire housing industry for the perceived faults of …
Rectifying Inequity & Ambiguities of the Maceda Law Read More »
“One cannot enrich himself at the expense of another” – so says the legal precept. The Maceda Law was enacted on August 26, 1972 “to protect buyers of real estate on installment payments against onerous and oppressive conditions.” Essentially, it grants installment buyers the following rights: The right to pay in advance any installment or …
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