In the field of real estate, there are so many expressions that people don’t come across with very often in everyday life. One of these is the title deed. This is the Alpha and the Omega of real estate transactions, so we are now sharing with you the most important information about it.
In real estate the title deed is like the identity card for us – or even more so, like the customer portal. It is a public document available to anyone, which every apartment, house, and plot has from the moment it is “created” or built and its use is authorized in the system. Just as people are entered into the civil registry at birth, real estate is also entered into the real estate registry system. The data – certified by the surveyor – is registered by professionals with a degree in law, and from there onwards all changes are officially recorded therefore, it is a constantly updated, living document. Since it is authentically certified, we can rest assure that all downloaded, retrieved data on the sheet is real. It contains all current and deleted information, so we can even learn about the history of the property.
All the important rights are listed on the title deed: such as ownership, usufruct, mortgage or enforcement.
Each title deed has a lot number, next to which the name of the place must appear. From the title deed you can find out the dimensions of the property, the name of the current owner, whether there are loans or other encumbrances on the property and even who the previous owners were.
You can obtain a copy of it in person, in paper version at the land office or online, where you can download an authentic or non-authentic electronic copy of the title deed. (The non-authentic copy cannot be used for official purposes, it is for information purposes only.)
Types of the title deed:
-Full copy: This type of document contains all entries since the building of the property or, in the case of a parcel, since the existence of the registry. It also contains the deleted owners and encumbrances, as well as the current data.
-Abstract copy: Only existing entries are displayed but it also refers to deleted entries.
-Partial copy: This contains only the requested entries.
– Interim copy: This type of title deed only displays existing entries. This is what most people request for before buying a house.
In the next section we will explain you what exactly a title deed is needed for when selling or buying real estate and what we should pay particular attention to in this regard.