Practice question
A foreign investor proposes a qualifying private-land lease under the Investors Lease Act as amended by RA 12252. A consultant says the law still invariably caps this route at the old fifty-year term and that any longer permitted lease would necessarily convey ownership. Which is best?
- Both assertions are automatically correct
- Every foreign person receives ninety-nine years unconditionally
- A permitted lease repeals all land-ownership limits
- The new statute concerns public forest ownership
- The amended Act permits an aggregate lease period up to ninety-nine years subject to its conditions, and leasing remains distinct from ownership
Legal references
- Republic Act No. 12252, amending the Investors Lease Act, especially Section 2: https://lawphil.net/statutes/repacts/ra2025/ra_12252_2025.html
- 1987 Constitution, Article XII, Sections 2, 3, 5, 7 and 8: https://lawphil.net/consti/cons1987.html
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