Registering your property

You have to register your property at the Property Registry before your right to your newly purchased home can earn full protection and you can get a mortgage loan.

 

Once you have signed the purchase agreement and the mortgage loan agreement and paid your taxes, you still have one last step left, which is to register the property you have just acquired in the Property Registry. You need to do this so that:

 

You as the buyer will have your rights fully protected over the property you have just acquired, if you register because:

  • You will be considered the true owner of the property, unless a court rules otherwise.
  • You will be protected from the seller’s creditors.

  • You will be protected from hidden burdens that might affect your home.
  • You will get judicial protection over your rights to the property in case others challenge it or disturb your possession.
  • Once your have registered your right to the property, nobody can acquire any effective rights whatsoever to your home without your consent.

You can get a mortgage loan to finance your purchase. Only if you register your right can the bank register the mortgage that secures the loan.

 

In addition, once you have registered your right, the Property Registry will notify the Cadastre of the property’s change of ownership, so that the next property tax notice will be made out to you.


For all these reasons it is essential that you from the person who is listed in the Property Registry as the owner of the home or the lot your home is going to be built on. It’s the only way you can find out if there are any injunctions, mortgages or other burdens in the property’s registered history. And after you have signed the deed, it is equally essential for you to register your right with the Property Registry.


How do I register my property?

In order for ownership rights to be entered in the Property Registry, the following papers must be submitted to the registry office in whose territory the property is situated:

 

 

  • An authorized copy of the notarial deed of sale.
  • The self-assessment form for the applicable type of tax, showing that the self-assessed sum has been deposited.
  • The latest property tax receipt, so the Registry can record your home’s cadaster reference number.

 

These documents may be submitted

 

  • Directly by you, the buyer.
  • By an administrative agent acting on your behalf.
  • By the notary’s office, if it renders this sort of services.

 

 

Once the document has been submitted to the Property Registry, the registration entry must be made within the next fifteen working days. The registrar will check that the agreement meets all the requirements set by law for full efficacy and that the buyer’s ownership right can be registered.