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Unregistered apartment contract risks
The article clarifies the legal risks associated with failing to register a property purchase contract. It explains that property ownership does not automatically transfer upon signing the contract and paying the purchase price; instead, formal registration procedures are required. The law indicates that ownership is only considered transferred after meeting the registration requirements, and unregistered contracts do not grant enforceable real rights against third parties. This exposes the buyer to problems in proving ownership, potential disputes, and future modifications to the property. Therefore, it is advised to complete the registration process to secure the buyer's rights, facilitate future sales or mortgages, and avoid possible legal disputes.
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