Money and business

"The property": One year for the real registration instruments to acquire their absolute validity

The General Real Estate Authority approved a package of fundamental amendments to the executive regulations of the real estate registration system, which included restructuring the procedures for advertising and documenting rights, and granting the courts direct powers to mark real estate records, with the aim of raising the efficiency of the real estate market and enhancing the reliability of the instruments within one year of publishing the lists.

The Authority began its amendments with a precise definition of “material errors,” describing them as unintended errors in data Land Registry whose correction does not affect the essence of the real right, in a step aimed at simplifying data processing without procedural complications.

Acquiring in-kind registration

The new amendments set a time frame for the first in-kind registration to gain its absolute authority, so that this authority begins from the date of publishing the lists of real estate registered in kind and does not exceed one year, in accordance with what is regulated by the guide to the first in-kind registration of real estate.

The updated regulations abolished Article 2, which stipulated the formation of a higher committee for real estate registration headed by the CEO, in a clear direction towards reducing central committees and accelerating the pace of making executive decisions related to real estate areas.

/>The procedures stressed the need for the advertisement to include Real estate area Accurate data including the decision number and date, the location of the area and its borders, accompanied by an explanatory map, in addition to clarifying the entity concerned with documenting the actions during the first registration period.

The amendments obligated the Authority to invite interested parties, including owners and holders of real property rights, to submit applications for the first real property registration within the specified period, while clarifying the mechanism for receiving these applications to ensure that everyone’s rights are preserved.

Different spaces

With regard to the difference in areas, the regulations stipulate that the area stated in the instrument is approved if it differs more or less from nature, provided that it is verified that this difference does not exceed the legally permissible discrepancy rate.

The Authority modified the name of the published lists to become “Lists of real estateregistered in kind” instead of “lists of owners,” as they are published on the electronic platform of the Real Estate Registry immediately after the completion of the first registration procedures.

The amendments abolished the paragraph that detailed the contents of the owners’ lists, which previously included the property number, its location, its area, the names of the owners, and the last four digits of their identities, in a measure that enhances the privacy of real estate data.

The regulations gave the courts competent to hear objections the power to mark lawsuits directly in the Real Estate Registry. And lists of real estate properties registered in kind, without the need to wait for the objector to submit a request for registration, which provides immediate protection for disputed rights.

The regulations entrusted the real estate registrar with the task of documenting all actions subsequent to the first real estate registration and issuing deeds of real rights in accordance with the approved procedural guide, while enabling the disposee to view the data of the real estate newspaper before documentation.

It also authorized the courts concerned with real actions or actions that must be registered, to mark these actions in the register. Real estate and real estate lists automatically whenever the lawsuit includes a change in data, without requiring the plaintiff’s request.

The amendments concluded by assigning the authority to issue evidence of “first in-kind registration,” “registration of subsequent dispositions,” and “survey work” to the Board of Directors of the General Real Estate Authority, to ensure the integrity of the regulatory reference and the unification of technical standards.

Related Articles

Back to top button