Legal documents: what is important to know the owners of real estate

It's no secret that the number of transactions and real estate transactions continues to grow. This concerns not only buying / selling, but also other circumstances that everyone may face. Thus, without even planning to buy or sell real estate, knowledge of what such title documents will not be superfluous.

To whom it can be useful?

• Buyers and sellers of real estate;
• Who accepts an inheritance, a gift;
• Those who privatize their living space;
• Property owners.

The opinion that title documents is a certificate of ownership is erroneous. The latter is obtained on their basis, but it is not.

Legal documents - what is it and how are they drawn up?

The documents establishing the right include:

• Contracts in which the transfer of rights and its terms are recorded (gift, purchase, privatization, sale, etc.);
• Certificates received after the acceptance of the inheritance ;
• The decisions of the courts that came into force and settlement agreements (as a result of the division of property rights);
• Commissioning acts (for new buildings);
• For the projects under construction - the securities confirming the full payment of units (for HSC, HBC and DSC).

Decisions or decisions of local Soviets of People's Deputies (for the adopted after October 29, 1993, the registration of the Committee on Land Resources is obligatory ) are also the documents establishing the right, if it is a question of plots.

Certificates of perpetual right to use land or property are considered only in conjunction with the relevant decisions or regulations.

The list of such documents is determined by the Law on State Registration of Rights. Quite often, title documents can be issued in free form. Indeed, the approved forms of many documents do not exist (for example, contracts). On the other hand, the requirements for them are more than transparent: they should not contradict the legislation, have a detailed description of the object of the transaction and the type of the right to it, as well as the full data of its participants.

The documents received from the BTI, various funds and property administrations can not be right-establishing, but complement them.

If the papers are written by hand, the handwriting should be legible, and the text - written pen. The sheets of the multipage document are numbered and stitched. Texts in which it is impossible to unambiguously interpret the stated (correcting, adding, erasing, etc.), it is better not to sign, as this may lead to problems with registration authorities in the future.

Usually correctly drawn up documents are unlimited (except when the time limit is set in the document itself). They will have to be changed only if the newly adopted law contradicts the old law, according to which they were drafted.

Legal documents - what are they for?

First of all, they will be required to register their rights to property, which will be the result of the transaction. If it is a question of property, the papers for which have been drawn up for a long time, they can not be changed until you need to conduct any operations.

Secondly, they will be required in defending their rights (in the case of someone's claims to them). So, it happened that a person received a certificate in the registration office, and after a while - a lawsuit, and it was in the unclean history of the apartment that he acquired. Therefore, any serious realtor before the transaction will check the title documents for real estate, and will track the entire chain (when and to whom this object was transmitted throughout the history of existence).