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THE COMMUNITY MORTGAGE PROGRAM (CMP) is a mortgage PARCCOM is PROVINCIAL AGRARIAN REFORM COORDINATING
financing program of the National Home Mortgage Finance COMMITTEE
Corporation which assists legally organized associations of
underprivileged and homeless citizens to purchase and develop a BARC is BARANGAY AGRARIAN REFORM COMMITTEE
tract of land under concept of community ownership
CNI is CAPITALIZED FUTURE NET INCOME OF PROPWERTY
RE-CLASSIFICATION the act of specifying how agricultural lands
shall be utilized for non-agricultural uses such as residential, CS is COMPARABLE SALES OF NEARBY PROPERTIES
industrial or commercial
MV is MARKET VALUE PER TAX DECLARATION OF THE PROPERTY
LAND USE PLAN usually presented in a land use map, indicates the
social desired mix of land uses and a set of policies to guide for Agrarian reform law of October 221, 1972 refers to PD 27
future development
In case of sale of agricultural lands not exceeding 5 hectares, aside
Agricultural lands with a slope of 18% are exempt from the from clearance from DAR, buyer must also submit an AFFIDAVIT
coverage of Agrarian Reform Law OF TOTAL OR AGGREGATE LANDHOLDING
DAR has exclusive authority to approve or disapprove applications As provided for by the Agrarian Reform Law, lands awarded to a
for conversions of agricultural lands for residential, commercial, tenant beneficiary cannot be the subject of a conversion permit
industrial and other land uses within FIVE (5) YEARS FROM GRANT OF EMANCIPATION PATENT
For landowner, retention limit is maximum of 5 HECTARES and for The right of pre-emption or right of 1st refusal under PD 1517
each children of the landowner, 3 HECTARES EACH, provided that (Urban Land Reform) is exercisable by a legitimate tenant in urban
the child is at least 15 years of age and actually TILLING OR land if he has occupied the land for AT LEAST 10 YEARS
DIRECTLY MANAGING the farm
Penalty for professional squatters or squatting syndicates per RA
The acquisition of land in advance of actual payment need based 7279 (UDHA) 6 YEARS IMPRISONMENT OF FINE OF NOT LESS
on present value for future planned development is referred to THAN P60,000 BUT NOT MORE THAN 100,000 OR BOTH AT
under the Urban Land Reform law as LAND BANKING DISCRETION OF THE COURT
Change from one classification or use of land property to another is The 2 Criteria for CARP coverage is suitability of the land for
called CONVERSION agriculture and ITS POSSIBILITY OF ACQUISITION