What Is The Registration Of Property Rights

Posted By on December 9, 2013

In accordance with Russian legislation, any transaction related to real estate, or the registration of the property, subject to mandatory state registration. The essence of the procedure of registration of title to property is to record the relevant law in the State Register. What is it? First of all, the state registration law protects the interests of right holders, individuals or legal entities, Real Estate. If there is no uniform system of accounting, it is difficult to confirm their rights and, accordingly, dispose of property, sell, donate, send a heritage, etc. And secondly, in terms of the state – it is necessary to account for property and taxation.

More recently, there were times when the whole land and all property owned by the state. That is, there was no concept of the 'ownership of real property '. Taking into account the buildings, residential projects and land engaged bti (Bureau of Technical Inventory). Once these offices is part of the People's Commissariat of Internal Affairs, and then were transferred to the Ministry construction. The only body that could answer the question 'Whose apartment? " were passport offices. Registration was a kind of registration rights.

After the beginning of mass privatization of apartments obligation to integrate their legal supplies was entrusted to the bti, although among the office staff has never been legal. A sales transaction is confirmed only by a notary or by the federal agency, which include real property. In other words, the law was, and accounting system was not right. Federal law "On state registration of rights to immovable property and transactions with it" and the introduction of the Single State Register of Rights to real estate and transactions with them (EGRP) in 1997 solved this problem. Since that time, registration in egrp become a mandatory procedure in conducting real estate transactions and registration of property rights. To date, egrp contains information on all registered in Russia, real property, the transaction, as well as the rights and restrictions on property owners. There is such a thing as 'previously accrued right', that is, those rights which have been issued before the law came into force on registration. All property rights claimed in the period since 1991, when privatization began actively, by the year 1997, previously thought to arise and be recognized as legally valid. Their compulsory re-registration is required. Thus, pre-existing rights can be registered only at the request of their owners or if necessary, engaging in any transactions with the object, for example, his pledge. Single register of real property rights will be filled to the extent that the objects will change their respective owners. Information on registered rights to the public. Any citizen, provide proof of individuals and carried out the necessary formalities can obtain information about the property and all registered rights to it, including leases, mortgages, easements, arrests initiated transactions and other restrictions and encumbrances. Similar information is available and legal representatives of legal entities. Registration of the real estate object and write egrp made under the law no more than 30 days. After this period, the applicant who passed the documents for registration of rights to receive any registration, or a reasoned refusal of it. Allowed and faster check-in, as the law establishes a maximum period of time.

About the author


Comments are closed.