The legal effect of the L.R. information
The main distinction to be drawn is between a deed registration and a title registration.
An important aspect of the presentation of the legal effects, is the reliability of the information: if the Land Registry informs me that person A is the owner of a plot of land, can I be sure that this person is indeed the owner ?
No security on property. The information gives you guarantee on the existence of deeds in a chronological way.
1. What is the probative value of the LR information sheet? Does the national law provide it with special legal nature, like a public document or authentic act? Are there different types of LR information with
It is an authentic act.
There is only one model of excerpt.
However full copies of deeds can be provided as well, at a relatively high cost.
2. What is the degree of reliability of the information? Which are the effects given by the legal provisions in each country to this information, should it be necessary to carry out further investigations?
See answer 1.
3. Are there any hidden liens?
Yes. In case of successions, until 18 months of the decease, the state can put a mortgage on the property in order to collect the succession rights. This mortgage takes then rank at the date of death, possibly before other mortgages inscribed in between.
4. What effect does the issuing of the excerpt from the Land Register has over the land registry system?
Yes if it occurs.
5. Is an excerpt from the Land Register necessary and sufficient for the assignment of the property right of an immovable (regarding the information provided by the Land Registry?)
No effect.
6. Does the excerpt from the Land Register issued especially for real estate transaction have different effects from the excerpt from the Land Register normally issued?
Yes.
7. Does the excerpt from the Land Book issued especially for real estate transaction have different effects from the excerpt from the Land Book normally issued?
No
8. Is the excerpt from the Land Book necessary and sufficient for the assignment of the property right of an immovable (regarding the information provided by the Land Registry)?
No, it is not necessary. It gives you a 99% certainty certainly if you are able to trace the property chain for over 30 years, but in case of disputes, on has to address himself to court.