Previous LR Information

It is not necessary to have information from the LR (Land Register), but it is advisable.

For example, the right for government compensation for a defective title depends on that the transferor was registered as owner at the time of entering a contract.

Registration of title for an acquirer is also conditional that transferor had his or her title registered. The information from the LR is in demand from brokers, credit institutions, interested parties themselves and solicitors. Information from the LR shows title holders, last purchase and purchase sum, mortgages (but not mortgage lenders) leases, easements and other contractual encumbrances. Certain notices, for instance about bankruptcy or enforcement, are also entered by the LR.