Section 1
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: Provided, finally, That in fixing the price of each lot, the cost of subdivision and survey shall not be included.