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Steps to minimize land dispute risks
Buying land with a preliminary contract requires verifying the validity of ownership data and related documents, along with reviewing relevant paperwork, as governed by civil law and regulations concerning sale and transfer of ownership. The buyer must have full knowledge of the property sale, and the contract should include an accurate description of the property to facilitate identification. Additionally, laws indicate that transfer of ownership and property rights can only be completed through registering the contracts in the real estate registry; failure to register results in rights remaining untransferred or inactive, and the obligation remains solely between the parties. Therefore, it is essential to review and confirm the completion of the registration procedures to ensure ownership protection and avoid future disputes.
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