Today, we would like to change from yesterday and explain what kind of information can be obtained from the registration certificate. First, the following is an example of a registration certificate of the land registry.
We will explain the important contents according to the numbers.
① Location: Location of the land; xxx Town, xxx ward, Kyoto City
②-① Lot number: #xxx
②-② the Classification of Land Category: Type of Land (residential land)
②-③ Acreage: Land Size
③ Right Department (Section A) (matters related to ownership): Order of registration, purpose of registration, date of receipt, right holder and other matters. (Reason for registration, owner's address, owner's name)
*If there is an underline, the content has been changed and the registration has been deleted.
④ Right Department (Section B) (Matters related to rights other than ownership): creation of mortgage and revolving mortgage, etc.
⑤The order of registration, purpose of registration, date of receipt of registration, right holder and other matters (reason for registration, amount of claim, interest, debtor, etc., Mortgagee's address, mortgagee's name and catalog number)
⑥ Common Warranty Catalog: If mortgages are to be set for buildings as well as land, joint common warranty will be made.
The above items are important confirmation items. When purchasing real estate, it is necessary to confirm whether the lot number is correct and whether the land area is correct.
Regarding the rights department (Section A), it is necessary to first confirm whether there is seizure. In addition, if there are multiple owners, it is necessary to confirm whether the seller has all the ownership rights, in the case of a large number, all of them are sellers and whether there is a power of attorney. If there is underlined to the mortgage, it has already been deleted, so it is necessary to confirm it as well.
The right department (Section B) has mortgages and revolving mortgage when the seller has a loan. Elimination of mortgages is often done at the same time when the settlement is delivered, and the judicial scrivener confirms the legitimacy of the erasure procedure and confirms that the remaining amount can be paid. This is also the same as above, and if it is underlined, the mortgage has been deleted.
The common warranty catalog will be detailed in this section if, for example, you purchase land and a building and mortgage both real estates. The symbol and number of the common warranty catalog will also appear on the mortgage holder and other matters. Old deleted information remains as history, but if there is an underline as well, it has already been deleted, so you can trade with confidence. Tomorrow, we will explain the the building registration certificate.
Arrows International Realty Corp.