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RA 409 Section 98

Section 98

SEC. 98. The Municipal Board shall by ordinance fix the terms and conditions for resale of the lots in the lands, haciendas or estates mentioned in section one: Provided, That (a) in such resale, first priority shall be given to the bona fide tenants or occupants of the land, hacienda or estate at the time the same was purchased by the National Government, and second priority to laborers and low-salaried employees; (b) the price to be fixed shall not exceed that which is sufficient to cover the purchase price paid by the National Government plus the cost of surveying, subdividing and laying of boundaries and monuments, etc, if the same had not been already made at the time of purchase; (c) in the case of lots sold on the installment plan, no interest shall be charged in excess of four per centum per annum of the unpaid balance; (d) no cost or expenses of administration of any kind shall be imposed upon the buyers of lots; (e) lands or areas reserved for streets, alleys or other public improvements shall be paid by the City of Manila and shall not be charged to the buyers, but for this purpose, the city shall be considered as a bona fide tenant and shall be entitled to such terms, installments, and other conditions as any other bona fide tenant; and (f) no rent shall be charged to the bona fide tenants or occupants from the time the lands, haciendas or estates were bought by the National Government to the time the lots into which they have been subdivided were sold to the bona fide tenants or occupants.

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Other provisions in RA 409

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 409 Section 98 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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