Land Registry
What is it?
The land registry is a public register where property rights over real estate are recorded. It provides legal and juridical information about the property, such as the name of the owner, existing encumbrances or liens (mortgages, attachments, easements), and details of the property deed. This register is essential for ensuring legal security in real estate transactions and protecting the rights of property owners.
The land registry acts as a system of legal publicity, providing transparency and preventing disputes over property ownership. In addition, registering a property grants it a presumption of legality regarding ownership, giving it official status before third parties.
Key aspects to consider
The land registry is essential for validating property ownership, as it provides conclusive proof of title and any encumbrances the property may have. Registration is also a requirement for many legal operations, such as obtaining a mortgage loan or selling the property.
It is important to note that although registration in the land registry provides legal security, it does not guarantee the absence of prior disputes, such as ownership conflicts. Therefore, it is advisable to conduct a thorough background check on the property before acquiring it, especially if there are encumbrances or liens that could affect the value or ownership.
Additionally, the land registry varies according to local laws and regulations, so it is important to understand the specific rules and procedures in the country or region where the real estate transaction is taking place.