Frequently Asked Questions
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General
All general questions
Ownership of immovable property is not obtained on the signature of the offer to purchase document or even on payment of the purchase price. Ownership is only obtained on registration of the property, into the buyer's name, in the Deeds Registry Office.
Conveyancing is the legal process that takes place when lawful ownership is obtained of immovable property. Each time a property is sold; a new deed of transfer must be drawn up and registered. This is to ensure the security and certainty of an owner's title to his property.
Property law is the area of law that governs what people own. It’s the area of law that says who can own land and personal items, how they can use them and with what conditions. Property law applies to both real property and personal property. Ownership and use of property is an area of law that impacts everyone in society. Property law is also an important part of estate law, family law and municipal law.
There are two kinds of property: real property and personal property. Real property is land. It can also include things that are attached to the land like a house, commercial buildings, a garage or barn and even trees. Real property is land and the things that go along with land. By contrast, personal property is something that you possess or own that can move. A car is an example of personal property. A desk chair, a computer and anything else that’s not land or buildings is personal property. Most people own at least some personal property.
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