Definition
A permit issued by DHSUD (formerly HLURB) that authorizes a developer to sell units in a subdivision or condominium project. Buying from a developer without LTS is risky as it means the project hasn't been approved by the government.
Examples
- •Always ask for LTS number before buying preselling
- •Verify LTS at DHSUD website
Tips & Best Practices
- ✓No LTS = No legitimate sale
- ✓LTS proves the project meets requirements
- ✓Never buy from unlicensed developers
More in Development Terms
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