Presidential Decree No. 14508 “On the establishment of the Service for State Registration of Rights to Real Estate and Related Transactions under the Ministry of Justice”.

This Presidential Decree primarily addresses the registration and regulation of real estate rights and obligations within the framework of state registration. It outlines the procedures for recording the emergence, transfer, or termination of rights related to real estate, emphasizing the importance of maintaining accurate records in the State Register. The legal principles highlighted include the necessity for official documentation to validate changes in property rights and the role of local authorities in overseeing these registrations, ensuring compliance with national legislation. The document specifies several key measures regarding the registration process. It mandates that any changes in property rights must be recorded in the State Register, with explicit instructions on how to document the termination of rights. It also details the requirements for submitting applications, including the necessity of providing proof of payment for registration services. Furthermore, it outlines the process for correcting errors in registration records, emphasizing the need for judicial intervention in cases of significant discrepancies that could affect stakeholders. Implementation of the outlined measures involves local registration authorities, which are tasked with processing applications and maintaining the integrity of the registration system. The document stipulates a timeline for responding to applications, set at three working days from the date of submission. Additionally, it addresses procedural considerations, such as the need for proper documentation and the involvement of stakeholders in the registration process, ensuring transparency and accountability in the management of real estate rights.