The main pros for real estate triggered by the new Land Registry regulation
The main pros for real estate triggered by the new Land Registry regulation

The main pros for real estate triggered by the new Land Registry regulation

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RE+D magazine
08.10.2024

The Official Gazette was published with the main regulations for the Land Registry, some of which were core requests and proposals by property owners.

According to POMIDA' relevant announcement, the main regulations that solve many controversies and issues for property owners' are the following:

  • Processing of land registration within a functioning Land Registry. Requests for correction of article 6A or objections of article 7 or pending decisions of the Examination Committees of article 7A are noted on the relevant cadastral sheet. If the submitted application or objection is accepted, the head of the competent cadastral office or branch corrects the first entry in accordance with the provisions of the decision, which is noted on the relevant cadastral sheet, only the reasoned refusal being allowed. If the submitted application or objection is rejected, the decision is noted on the relevant cadastral sheet.
  •  Acceleration and digitization of the process of correcting spatial changes in cadastral maps.
  •  Simplifying the process of correcting obvious errors in cadastral records.
  • Ability to easily correct "unknown owner" property records in favor of the real and legal owner.
  • Establishment of a second-level judgment procedure on applications for correction of cadastral records.
  • Accelerating the time of transcription of notarial deeds through the use of artificial intelligence.
  • New procedure for correcting cadastral records in forest areas, in case of a decision to accept objections against the forest map, so that the corrections are made within the Cadastre Office and not judicially.
  • Establishment of the possibility of unilateral modification of acts of establishment of horizontal or vertical property in terms of the surface, outline and use of the properties.
  • Possibility of transferring a horizontal or vertical property with an area deviation of up to 2% without requiring correction of the title deed.
  • Possibility of unilateral notarial transfer of the right to exclusive use of a property to another of the same owner, of the same building, which lacks such space.
  • Possibility of lifting the invalidity of a transfer or establishment of a real right that took place before 1.5.2024 through the subsequent subjugation of the arbitrariness or the urban planning violations that had been established before the above actions if permitted and if a Building Identity is drawn up. In the event that the notarial deed drawn up in violation of the first paragraph needs correction in terms of the property's details, it can be corrected by the last acquirer of the right in rem, unilaterally, by attaching only the ENFIA Certificate of the last acquirer, the Completeness Certificate of Electronic Building Identity , the certificate of affiliation, the layout of the floor plan, and the extract of the cadastral diagram. Any required tax return is submitted unilaterally.
  • Pre-contracts: Possibility of self-contracting final real estate transfer contracts with compelling reason in execution of old pre-contracts until 31.8.2024, without an expiration date.
  • Extension of the deadline for validating "anomalous legal acts" until 31.12.2027.

Finally, it is worth noting that these provisions will be analyzed in detail in a special seminar for POMIDA members that will take place on Thursday, October 10, 5 p.m. in the Events Hall of the Federation's offices, by the President and the scientific staff of POMIDA, with the participation of the President of the Coordinating Committee of the Notarial Associations of Greece, Mrs. Eleni Kontogeorgou.