03/12/2024
#⚖️What is the benefit of registering real estate in the real estate register and the harm of not registering it?⚖️⚖️⚖️⚖️
The benefits of registering real estate in the real estate register, the most important of which are securing the right of ownership and protecting it from encroachment, as well as reducing the number of litigations, increasing the value of the residential unit when assessed by real estate experts, and providing the opportunity to obtain a loan under its guarantee.
In the event of a dispute between two parties regarding the property, it will be registered in accordance with the decision made on the relevant claim, provided that priority is given to the party who published the claim document, before the decision was made. or after 5 years.
If two buyers of the same property do not register their contracts, then a comparison of the two sales is impossible due to the equality of the buyers' obligations. This entails that if the first buyer received the sold property from the seller. his or his heirs after him in fulfillment of personal obligations provided for in the contract, it is not allowed to remove the property from his possession and transfer it to the second buyer except after registration of his contract and proof of his preference. We are talking about the transfer of ownership of registered property in the event that Buyers from one seller compete by registration, and not by the fact of purchase. Therefore, a buyer in a hurry to register his property has more rights than others, even if his sale is conditioned by the sale of others.
Making a comparison when buyers compete for one property on the basis of priority in notarization, even if the buyer who initiated the notarization is accused of fraud or collusion, provided that he entered into a contract with the real owner whose title deed is not tainted by a defect that makes it invalid.
