Definition of Property Registry

When buying a home, land or premises, it is common to register the property acquired in a institution, the record of the property. The purpose of said registration is to guarantee and protect the legitimate rights of an owner against other people. By determining publicly and reliably the possession of an asset, the condition of legitimate owner is being protected. In this way, whoever owns a property can sell or rent it with all the guarantees established by the law.

A body controlled by governments

As a general guideline, the cost of registration depends on the value of the property and the rates previously established by the government (To guarantee the transparency of this procedure, the rates are published in the official state gazette).

The information in the registry is public, but data protection laws must always be respected, so the The person requesting information on a property must adequately identify himself and justify the reason for his petition. The

right Registration does not prescribe and, therefore, is for life and its renewal is not necessary.

In some countries this registration process is mandatory, while in others it is voluntary. This body manages its activity in different sections and departments: commerce, mortgages, civil, etc. With this system it is easier to carry out any type of consultation.

As a general criterion, each property record is related to a territory concrete. All types of assets can be registered: mortgages, homes, usufructs, easements, liens, etc. In any case, every registration has its corresponding registration number.

Legal certainty about the property

The ownership of an asset can generate disputes and legal conflicts. With the property registry, reliable information is provided on the property rights of any asset. In a complementary way, this procedure is related to tax deductions on real estate.

What does a registrar do?

These professionals have legal training and exercise their functions through public competitions. In their daily activity, different tasks are carried out: reception and classification of public documents to ensure their legality, review and rectification of the data of each public document, resolution of possible doubts from citizens and request for registry notes to applicants and legal professionals.

At the same time, it is checked that the information received and issued has all the necessary legal guarantees. With these procedures citizens have a legal record of their properties.

Photos: Fotolia - Sylverarts / Selma

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