Section 2
SEC. 2. Land Tenure System The Land Tenure System prescribed for the Project shall consist of two modes of residential land ownership and disposition, to wit: Freehold with restrictions Freehold with restrictions will be applied only to titled lots and claims with "vested rights" such as those with final Deeds of Sale, Agreements to sell, and other legal claims which may be honored by the Authority, provided, however, that owners of these legal rights may opt for leasehold with option to purchase arrangement. Leasehold with or without the option to purchase Leasehold with option to purchase shall be applied to those lands which are untitled, vacant, unclaimed and without vested rights.