Title Search Report
Prepared for: Juan de la Cruz
Date: October 5, 2024
1. Introduction
This Title Search Report provides a summary of the current ownership and the status of the title for the property located at 456 Elm Street, Alabang, Muntinlupa. This report is intended to offer a quick overview of the essential legal aspects of the property title, particularly focusing on corporate ownership.
2. Property Details
| Address | 456 Elm Street, Alabang, Muntinlupa |
|---|---|
| Size | 350 sqm |
3. Current Ownership
| Current Owner | XYZ Holdings Inc. |
|---|
4. Title Status
| Encumbrances | 1. Mortgage with ABC Bank 2. Right of Way easement benefiting neighboring property |
|---|---|
6. Documents Attached (Note: Actual report will have link to softcopies)
- Certified True Copy of Title
8. Lot Visualization
9. Recommendations
- Get a copy of the latest tax declaration to cross check information
- Verify any unpaid property taxes
- Verify zoning
- Verify any unpaid balance of the existing mortgage with ABC Bank
- Review the Right of Way easement agreement to ensure it does not negatively impact property value or usage.
- Verify the corporate documents of XYZ Holdings Inc. to ensure authorized signatories are updated and legally compliant.
- Check if XYZ Holdings Inc. has unpaid BIR taxes.
- Avail of our Title Due Diligence Package.