land titles set e

8/10/2019 Land Titles Set E

1/5

Tala Realty Services Corporation vs. Banco Filipino Savings and MortgageBankG.R. No. 137533Novermber 22, 2002

In 1981, Banco Filipino Saving an! "or#gage Ban$ %The Bank& e'ec(#e! a ale o)nine %9& parcel o) lan! *i#+ ala Real#- Service orpora#ion %TALA& conve-ing

#+em #o #+e la##er. /n #+e ame !a-, ala an! #+e ban$ e'ec(#e! ano#+er con#rac#,

#+i #ime a con#rac# o) leae. +e con#rac# ini#iall- #a#e! #+a# #+e Ban$ *o(l! leae

#+e lan! )or 20 -ear a# #+e ra#e o) 9, 800.00mon#+, rene*able )or ano#+er 20

-ear a# #+e op#ion o) #+e ban$. B(# accor!ing #o ala, i# *a amen!e! on #+e ame

!a- c+anging #+e leae perio! #o 11 -ear, rene*able )or ano#+er 9 -ear, a# #+e

op#ion o) #+e leee (n!er #erm an! con!i#ion m(#(all- agreeable #o bo#+ par#ie.

+e ren# ra#e remaine! (nc+ange!.

lmo# 11 -ear la#er, ala !irec#or, 4liabe#+ alma %Palma& remin!e! #+e ban$

#+a# #+e leae perio! *a almo# over an! #+a# #+e- *ere open #o !ic( a rene*al

o) #+e leae (n!er #erm an! con!i#ion m(#(al #o bo#+ par#ie. 6+en alma me#

*i#+ #+e ban$, #+e- (bmi##e! a propoal )or increae! ren#al ra#e )or 31,

800.00mon#+. o*ever, i# appeare! #+a# #+e ban$ *a no# amicable #o #+i

agreemen# an! re(e#e! )or #+e !oc(men# relevan# #o #+e leae #o +elp clari)- #+e

bai o) i# leae nego#ia#ion *i#+ #+e ala, b(# #+e la##er )aile! #o pro!(ce #+e

!oc(men# re(e#e! )or. +(, #+e ban$ never gave in #o #+e agreemen# o) ala #o

pa- #+e mon#+l- ren#al o) 31, 800.00

From #+e #ime #+e leae e'pire! in (g(# 1992 (n#il "arc+ 199, #+e Ban$

con#in(e! #o occ(p- #+e (b:ec# proper#- an! onl- pai! ren#al o) 9,800.00in#ea! o) #+e 31, 800.00 #+a# ala *an#e! #+em #o. +en )rom 199 on*ar!, #+e

ban$ #oppe! pa-ing al#oge#+er.

In repone, ala repea#e!l- *ro#e #+e ban$ an! !eman!e! pa-men# )or #+e

!i;erence be#*een #+e ol! an! ne* ren#al )rom #+e #ime o) #+e e'pir- o) #+e 11

-ear leae perio!, goo!*ill mone- )or #+e rene*al o) #+e con#rac#, leae !epoi#,

an! e#c. #+e ban$ !i! no# compl- *i#+ ala !eman!, #+e la##er #+a#

#+e #*o par#ie en#ere! in#o in 1981. pparen#l-, inve#iga#ion -iel!e! #+e )ac# #+a#

ala *a a corpora#ion *+ic+ *a e#abli+e! b- cer#ain ma:or #oc$?+ol!er o) #+e

ban$ in or!er #o circ(mven# #+e Rep. c# No. 337 or #+e General Banking Act a

amen!e! *+ic+ limi#e! #+e amo(n# o) lan! #+e ban$ co(l! o*n. +e Rep(blic c#

#a#e! #+e )ollo*ing@


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=Sec. 25. n- commercial ban$ ma- p(rc+ae, +ol! an! conve-

real e#a#e )or #+e )ollo*ing p(rpoe@

a. S(c+ a +all be necear- )or i# imme!ia#e acoomo!a#io in #+e

#ranac#ion o) i# b(ine@ rovi!e!, +o*ever, #+a# #+e #o#al

inve#men# in (c+ real e#a#e an! improvemen# #+ereo),incl(!ing ban$ e(ipmen#, +all no# e'cee!


3/5

agreemen# in #+e reconve-ance cae (b:ec# o) #+e preen# pe#i#ion, +el! #+a# #+e

#r(# agreemen# i voi! an! canno# #+( be en)orce!.

n implie! #r(# co(l! no# +ave been )orme! be#*een #+e Ban$ an! ala a #+e

o(r# +a +el! #+a# C*+ere #+e p(rc+ae i ma!e in viola#ion o) an e'i#ing #a#(#e

an! in evaion o) i# e'pre proviion, no #r(# can re(l# in )avor o) #+e par#- *+oi g(il#- o) #+e )ra(!.C

+e ban$ canno# (e #+e !e)ene o) nor ee$ en)orcemen# o) i# allege! implie!

#r(# *i#+ ala ince i# p(rpoe *a con#rar- #o la*. a!mi##e! b- #+e Ban$, i#

C*are+o(e!C i# branc+ i#e +ol!ing #o ala #o enable i# #o p(r(e i# e'panion

program an! p(rc+ae ne* branc+ i#e incl(!ing i# main branc+ in "a$a#i, an! a#

#+e ame #ime avoi! #+e real proper#- +ol!ing limi# (n!er Sec#ion 25%a& an! 3 o)

#+e General Ban$ing c# *+ic+ i# +a! alrea!- reac+e!.

learl-, #+e Ban$ *a *ell a*are o) #+e limi#a#ion on i# real e#a#e +ol!ing (n!er

#+e General Ban$ing c# an! #+a# i# C*are+o(ing agreemen#C *i#+ ala *a ac+eme #o circ(mven# #+e limi#a#ion. +(, #+e Ban$ op#e! no# #o p(# #+e agreemen#

in *ri#ing an! call a pa!e a pa!e, b(# in#ea! p+rae! i# rig+# #o reconve-ance o)

#+e (b:ec# proper#- a# an- #ime a a C


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Land Bank o( the Philippines vs. Rep)*licG.R. No. 15082Febr(ar- , 2008

+i cae revolve aro(n! a parcel o) lan! i#(a#e! in avao i#- *+ic+ i .1

+ec#are large. +i lan! i covere! (n!er +CT ,o. P-/0 1+CT2 *+ic+ *a

i(e! #o one, B)gayong in 199 b- vir#(e o) a ale be#*een #+e la##er an! #+e

irec#or o) lan!.

+e lan! *a ini#iall- (b!ivi!e! in#o )o(r lo# %o# ,B,, an! & b- B(ga-ong *+o

#+en ol! i# #o !i;eren# peron. o# *a ol! #o Spo)ses ')and TCT T-34551TCT-A2*a i(e! #o #+em in #+eir )avor. S(be(en#l-, #+e po(e ( (b!ivi!e!

#+e lo# )(r#+er in#o #*o more lo# an! #ran)erre! one o) #+e lo# #o po(e a-ola,

*+o *ere #+en i(e! TCT ,o. T-366/5 1TCT-AA&. +e remaining lo# (n!er #+e

po(e ( *a re#aine! b- #+em. o*ever, #+e- +a! #+e o) #+eir remaining lo#

cancelle! an! a ne* one regi#ere! (n!er #+e name o) Lo)rdes Farms "nc.(n!er

TCT T-6703/ 1TCT-AB2.

o(r!e Farm, Inc in #(rn, mor#gage! #+eir proper#- #o pe#i#ioner Land Bank o(

the Philippines 1LBP2in 1980.

+e vali!i#- o) +CT-A remaine! (n!i#(rbe! (n#il ome rei!en# o) #+e lan! i#covere!


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illegall- i(e! an! #+a# #+e irec#or o) an! +a! no :(ri!ic#ion #o !ipoe o) #+e

(b:ec# lan!.

+e complain# *a

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