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LBP vs. Paliza, Sr.

LAND BANK OF THE PHILIPPINES, PETITIONER, VS. IGNACIO PALIZA, SR., RESPONDENT.

G.R. Nos. 236772-73 | 2021-06-28

D E C I S I O N
 
LOPEZ, J., J.:
 
The time-honored principle is that just compensation is the fair and full equivalent of the property at the time of taking. The time of taking is the time when the landowner was deprived of the use and benefit of their property, such as when the title is transferred in the name of the Republic of the Philippines, or when the Certificate of Land Ownership Awards (CLOAs) are issued in favor of farmer-beneficiaries.

For purposes of determining just compensation in agrarian reform cases, courts are bound to consider the factors in Section 17, Republic Act (R.A.) No. 6657[1] and the Department of...