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State Registration of Real Estate: What Is It And Why Is It Necessary?
State registration of real estate — is a legally significant process by which data on real estate transactions are entered into the Unified State Register of Real Estate (USRRE). The process confirms the legality of both property rights and their transfer to the real estate object and guarantees their protection by the state. The absence of registration makes the real estate transaction legally invalid.
Types of registration:
- Registration of property rights. The most common type of registration, which is carried out in any transactions with real estate objects, is purchase and sale, inheritance, etc. The procedure confirms that the new owner has received the right to the object.
- Registration of real estate transactions. In some cases, registration of the real estate transactions themselves is required. This applies to leases for a period of more than one year, mortgages, or registration of encumbrances (for example, easements). Registration of such transactions occurs under similar conditions — through an application to Rosreestr.
State registration protects the owner from possible risks of fraud, double sales, property rights disputes, and other violations. Registration also makes real estate transactions transparent: each potential buyer can check the real estate in the Unified State Register of Real Estate for encumbrances, mortgages, or other restrictions.
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