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Is it safe to buy a property which does not have a registered title? |
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No. The law forbids the sale and purchase of real estate which does not have a registered title: notaries may not deal with the sale and purchase of unregistered real estate. Where a property does not have a registered title, this situation is commonly dealt with by specifying in the pre-agreement that the seller is responsible for arranging such registration and that registration is a condition precedent to the signature of the formal agreement to transfer ownership.
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