The Ministry of Land and Resources Issues the Interim Guideline for Inquiry about Real Estate Registration Information

Written By: and on TRANSACTIONAL SERVICES

On March 20, 2018, the Ministry of Land and Resources issued the Interim Guideline for Inquiry about Real Estate Registration Materials (the “Guideline“), immediately effective from the date of issuance. We provide a summary of the key takeaways below:

  • Before the issuance of the Guideline, in practice only the property right owners and lawyers involved in cases relating to the property can apply to view the registration information.
  • Currently according to the Guideline, real estate right owners, relevant parties and their representatives may apply to view the real estate registration information;
  • Relevant parties include those who buy, sell, exchange, gift, rent, mortgage, file lawsuit or apply for arbitration relating to a property;
  • Bankruptcy administrators, property custodians and inheritors, who are legally entitled to manage and dispose of real estate rights may also make such application like property right owners;
  • The information that can be viewed includes:
    1. 1. location/address, size and usage;
      2. ownership;
      3. registration status such as charge; and
      4. existence of any attachment order.