The Deed of Ownership: What You Need to Know

The deed of ownership of a property, also known as the deed of transfer or conveyance deed, is the official document that proves you are the rightful owner of a specific property. This document is prepared and signed by a notary during the property’s transfer. After signing, the deed is registered in the public records of the Land Registry (Kadaster), legally establishing your ownership.

What Does the Deed of Ownership Contain?

The deed of ownership includes important information about your property, such as:

• Description of the property: Location, type of property, and plot size.

• Details of the buyer and seller: Names of both parties and any specific agreements made.

• Purchase price: The agreed-upon price for the property.

• Rights and obligations: Such as easements, perpetual clauses, or other restrictions associated with the property.

Why Is the Deed of Ownership Important?

The deed of ownership plays a critical role in several situations:

• When selling your property: It proves that you are the rightful owner and have the authority to sell the property.

• When applying for a mortgage: Financial institutions require the deed to verify your ownership rights.

What Should You Do If You Lose Your Deed of Ownership?

If you cannot find your deed of ownership, don’t worry. You can request a copy from the Land Registry (Kadaster). This can be done easily online via their website or by contacting the notary who originally prepared the deed.

Conclusion

The deed of ownership is an essential document that confirms your ownership rights and contains vital information about your property. Make sure to store it safely. If you have any questions or have lost the document, reach out to your notary or the Land Registry for assistance.