Subd/ condo

1. Beneficial ownership over common areas

Costs of common areas incorporated in the price of the lots
2. Release of mortgage over fully paid lot/condo – get approval of HLURB which needs an affidavit
that release mortgage once payment has been fully paid
3. Mandatory membership in the homeowners association

Reclamation

Chavez v. PEA – Amari company was a private company and spent so much to reclaim the land but the
court ruled that the foreshore land is still part of public domain. Reclaimed land comes from the sea so it
belongs to the State.

Chavez v. NHA – Chavez questioned contract to reclaim smokey mountain into a habitable residential
area. Right across was the Manila bay so govt wanted to reclaim to provide employment for the former
scavengers because this would be the industrial component of the project. Needs to be by govt act to be
declared alienable and disposable and not needed anymore for public use.

- Reclaimed land at first instance owned by the state then after if declared alienable and disposable
can be distributed

IPRA

CADT and CALT – they have been in the land since time immemorial so their lands were never the
State’s in the first place

- The IPs own the ancestral domain which are irrigation, forests, etc. collectively whil ancestral land is
land that belongs to them

VIRTUAL COMMODITY

“Its like your soul”

Cryptocurrency – no form but can be traded and can appreciate in value (BitCoin)

Tulip Bulb – became more valuable before than money itself and a lot of businessmen were hording it;
Demand alone more valuable than gold then the demand stopped and a lot lost money

- No physical form and supply not determined by central bank

Artificial Intelligence –robotic, etc

- same as human intelligence but as of now, ours is still above that

- Right now AI are property but what will happen in the future will robots still be property?