Hassan Babaei, the head of the National Registration of Deeds and Properties, elaborated on the latest status of registration services for properties with various types of deeds in a significant press conference. He clearly stated that real estate consultants do not have the right to draft contracts for properties with green title deeds, and this issue could have a significant impact on the real estate transaction market.
Changes in Registration Laws
Babaei emphasized in this meeting that a new law is being implemented, under which, after the end of the five-year deadline for booklet deeds, no registration services will be provided for this type of deed. This matter is particularly important for individuals who have not yet taken steps to register their deeds. Given the high costs of registration and the ongoing changes in laws, this decision could place many property owners in difficult situations.
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Legal Criteria for Transactions
The head of the National Registration of Deeds and Properties also referred to the legal criteria for registering transactions, stating: "The legal criterion for the official registration of real estate transactions is the green title deed." This statement clearly indicates that only properties with green title deeds can be legally traded. This change in the approach to deed registration will benefit the organization and regulation of the real estate market and assure buyers and sellers that the transactions conducted are legally valid.
With the enactment of these laws, it is clear that deed registration in the country is moving towards greater transparency and better organization. However, on the other hand, owners of properties with booklet deeds will face new challenges. These individuals must take prompt action to officially register their properties to benefit from the legal advantages.
Overall, these decisions could have profound effects on the housing market and the way transactions are conducted in the country. Given the increasing changes in the economy and the real estate market, property owners and real estate consultants must update their information more carefully and stay informed about the latest laws and regulations to avoid potential problems.
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