SC voids Marcos Sr.-PTA lease contract for Paoay property

Ferdinand Marcos Sr Berita

SC voids Marcos Sr.-PTA lease contract for Paoay property
Paoay Property
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The Supreme Court has declared as void a lease contract over a property in Paoay, Ilocos Norte between former President Ferdinand Marcos Sr . and the Philippine Tourism Authority. In a 55-page decision promulgated in November 2023, the SC En Banc declared void for being unconstitutional a 1978 Lease Contract between Marcos Sr. and the PTA, now the Tourism Infrastructure and Enterprise Zone Authority.

before the lease contract was executed. “Evidently, Marcos Sr. had no legal claim of ownership over the properties whatsoever. While the lessor does not need to be the owner of the property, they must possess an authority or a right to lease it… or at the very least, act as an agent of the owner, usufructuary, or lessee,” it said.“Seeing as Marcos, Sr. had no authority over the property, either as owner or possessor, he likewise had no authority to enter into the 1978 Lease Contract,” it added.

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