The legal effect of the L.R. information
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
The land registry extract issued by a land registration court has the power of a public deed so what is stated in the extract is considered to be true.
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?
Until 1990, social ownership existed in the Republic of Croatia so a great number of real properties was under the communal ownership regime, and for these real properties will require further investigate whether the transformation of social ownership into private ownership.
3. Are there any hidden liens?
No
4. What effect does the issuing of the excerpt from the Land Register has over the land registry system?
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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?
Not necessary
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)?
Not necessary