Land lots in Cavite, Philippines

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Cavite, officially the Province of Cavite (Tagalog: Lalawigan ng Kabite; Tagalog pronunciation: [ˈkäbite̞], [käˈbiːte̞] or [käˈbitɛː]; Chabacano: Provincia de Cavite), is a province in the Philippines located on the southern shores of Manila Bay in the Calabarzon region on Luzon island. Situated 21 kilometers (13 mi) southwest of Metro Manila, it is one of the most industrialized and fastest-growing provinces in the Philippines. Its population of 3,678,301 (2015) makes it one of the most populated provinces in the country. Originally agricultural and now a booming bedroom community for ultracongested Metro Manila, its location just north of Taal volcano poses significant risks of ashfall, and debris flows through it into Manila Bay. The de facto capital of the province is Trece Martires, although Imus is the official (de jure) capital. For over 300 years, the province played an important role in both the country's colonial past and eventual fight for independence, earning it the title "Historical Capital of the Philippines". It became the cradle of the Philippine Revolution, which led to the renouncement of Spanish colonial control, finally culminating in the Philippine Declaration of Independence on June 12, 1898 in Kawit, Cavite. The old provincial capital, Cavite City also hosted docks for the Manila galleon, becoming an essential part of commerce between Asia and Latin America.

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In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A lot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a lot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a lot is called fee simple in some countries. A lot may also be defined as a small area of land that is empty except for pavement or similar improvement. An example would be a parking lot. This article covers lots as parcels of land meant to be owned as units by an owner(s). Like most other types of real estate, lots owned by private parties are subject to a periodic real estate tax payable by the owners to local governments such as a county or municipality. These real estate taxes are based on the assessed value of the real property; additional taxes usually apply to transfer of ownership and property sales. Other fees by government are possible for improvements such as curbs and sidewalks or an impact fee for building a house on a vacant lot.

Source: https://en.wikipedia.org/