Land Rights Waiver Explained

Summary

The discussion involves waiving and selling land rights. One part involves executing a waiver for 1/8 of a 15,099 square meter property, transferring it to Atty. Guerrero A. Felipe, documented under specific title numbers. The other part involves selling 7/8 of the same property, equating to 13,211 square meters, to interested buyers, requiring the signing of a Deed of Absolute Sale or similar document. Understanding these processes is crucial for legal compliance in property transactions.

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To execute and sign the Waiver of Rights of Undivided Portion of Registered Land corresponding to one-eight (*/*) of *,* square meters or an area of *,* square meters of the lots covered by TCT No. *-* and TCT No. *-* in favor of Atty. Guerrero A. Felipe;
The paragraph is about giving up ownership rights to a portion of a piece of land. Specifically, it involves signing a document to waive rights to */* of a *,* square meter land, which equals *,* square meters. This portion is being transferred to Atty. Guerrero A. Felipe and is documented under two titles, TCT No. *-* and TCT No. *-*.
To sell, transfer and convey our undivided shares in the seven-eighth (*/*) of *,* square meters or an area of *,* square meters to interested buyer/s in the subject lots and to sign the Deed of Absolute Sale or similar document;
The paragraph is about selling and transferring ownership of a portion of a piece of land. Specifically, it involves selling */* of a *,* square meter land, which equals *,* square meters, to interested buyers. The process will include signing a Deed of Absolute Sale or a similar document to complete the transaction. Is there anything else you need help with regarding this?