Article 152. The family home, constituted jointly by the husband and the wife or by an unmarried head of a family, is the dwelling house where they and their family reside, and the land on which it is situated. (223a)

Article 153. The family home is deemed constituted on a house and lot from the time it is occupied as a family residence. From the time of its constitution and so long as any of its beneficiaries actually resides therein, the family home continues to be such and is exempt from execution, forced sale or attachment except as hereinafter provided and to the extent of the value allowed by law. (223a)

Article 154. The beneficiaries of a family home are:

1. The husband and wife, or an unmarried person who is the head of a family; and
   
   

2. Their parents, ascendants, descendants, brothers and sisters, whether the relationship be legitimate or illegitimate, who are living in the family home and who depend upon the head of the family for legal support. (226a)

Article 155. The family home shall be exempt from execution, forced sale or attachment except:

1. For nonpayment of taxes;
   
   

2. For debts incurred prior to the constitution of the family home;
   
   

3. For debts secured by mortgages on the premises before or after such constitution; and
   
   

4. For debts due to laborers, mechanics, architects, builders, material men and others who have rendered service or furnished material for the construction of the building. (243a)

Article 156. The family home must be part of the properties of the absolute community or the conjugal partnership, or of the exclusive properties of either spouse with the latter’s consent. It may also be constituted by an unmarried head of a family on his or her own property.

Nevertheless, property that is the subject of a conditional sale on installments where ownership is reserved by the vendor only to guarantee payment of the purchase price may be constituted as a family home. (227a, 228a)

Article 157. The actual value of the family home shall not exceed, at the time of its constitution, the amount of Three Hundred Thousand Pesos (P300,000.00) in urban areas, and Two Hundred Thousand Pesos (P200,000.00) in rural areas, or such amounts as may hereafter be fixed by law.

In any event, if the value of the currency changes after the adoption of this Code, the value most favorable for the constitution of a family home shall be the basis of evaluation.

For purposes of this Article, urban areas are deemed to include chartered cities and municipalities whose annual income at least equals that legally required for chartered cities. All others are deemed to be rural areas. (231a)