Land Register

The Land Register serves to publicise the occurrence of facts subject to registration before third parties.

The main purpose of the Land Register is to publicize the legal status of buildings in order to improve the certainty of legal transactions that concern them, seeing that the transfer of ownership of properties or any legal transaction become effective with the execution of the deed.

Only in as far as concerns mortgages does the act of registration in the Land Register constitute the mortgage, seeing that it only becomes legally effective after its registration is complete.

The main purpose of the land register is to assign priority to legal transactions registered before those that follow in relation to the same properties. Registration in the Land Register results in the presumption that the registered rights are lawfully and belong to the holders registered therein.