Fixing A Maximum Period For The Duration Of Leases Or Private Lands To Aliens
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Fixing A Maximum Period For The Duration Of Leases Or Private Lands To Aliens
Presidential Decree No. 471
May 24, 1974
Case Overview and Summary
Summary of Presidential Decree No. 471Maximum Period for Leases of Private Lands to Aliens
- The maximum period allowed for leases of private lands to aliens or alien-owned entities is twenty-five (25) years. (Section 1)
- The lease can be renewed for another period of twenty-five (25) years upon mutual agreement of the lessor and lessee. (Section 1)
Penalties for Violation
- Any contract or agreement made in violation of this decree shall be null and void from the beginning. (Section 2)
- Both parties to the agreement shall be punished by a fine of not less than five hundred (500) nor more than one thousand (1,000) pesos, or by imprisonment of six (6) months to one (1) year, or both, at the discretion of the court. (Section 2)
- For corporations, associations, or partnerships, the president, managers, directors, or trustees shall be criminally liable instead. (Section 2)
Effectivity
- This decree shall take effect immediately. (Section 3)
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Fixing A Maximum Period For The Duration Of Leases Or Private Lands To Aliens
Presidential Decree No. 471
•May 24, 1974
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 471 May 24, 1974
FIXING A MAXIMUM PERIOD FOR THE DURATION OF LEASES OR PRIVATE LANDS TO ALIENS
WHEREAS, the Constitution bans the acquisition by aliens and alien-owned entities of public and private lands;
WHEREAS, leases of unreasonably long duration would amount to a virtual transfer of ownership in violation of the intent of the Constitutional prohibition;
WHEREAS, there is a compelling need to fix a reasonable maximum period for the duration of leases of private lands to aliens and to enforce compliance thereof by punishing violations;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and degree:
Section 1. The maximum period allowable for the duration of leases of private lands to aliens or alien-owned corporations, associations, or entities not qualified to acquire private lands in the Philippines shall be twenty-five years, renewable for another period of twenty-five years upon mutual agreement of both lessor and lessee.
Section 2. Any...
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