The jurisdiction of real estate transactions have been modernized

The country's present judicial structure is composed of six jurisdictions that including The Real Estate Jurisdiction. With regard to the jurisdiction Real Estate, it must be said that it had operated major innovations, from the entry into the force of the Real Estate Registration Law 108-05.

Changes have occurred in the composition of this jurisdiction on its inner workings. Indeed, jurisdiction real estate consists of the following organs: the higher courts of land and original jurisdiction of courts, Department for the Registration of Titles, National Directorate of measurable and Cadastre.

As for the higher courts of land, it must be pointed out that colleges are composed of no less than five judges appointed by the Supreme Court. The National Register of Titles is the national body within the jurisdiction Real Estate responsible for coordinating, managing and regulating the development of the registry offices of titles and enforces the law Registration real estate within its competition. Its functions are to register property rights.

The National Cadastre by his side is the organ of national real estate within the jurisdiction to coordinate, manage and regulate the development of the Regional Directorate of Cadastral measurable, is the body that provides technical support to the jurisdiction Real estate in terms of operations and cadastral surveying techniques.

A different situation is the National Land Survey, which under the 1317 Act of 145, June 1978, is an entity of public law under the Ministry of Finance, which by the same law's main purpose is to make an inventory of all immovable property in the country which reflects the physical, economic and legal description of the property.

These institutions are vital for the formulation and implementation of development plans of the executive branch, to receipts from taxes for transfer of real estate, the collection of Tax for houses and lots (IVSS), and the need of a technological upgrade of the National Land Survey. Knowledge of institutions and jurisdictions that relate to the real estate sector giving better guidance when making a negotiation of buying, selling, leasing and assessorial dispute.

The legal system in this area has made great strides in the midst of a modernization process that seeks to establish clear boundaries and real estate in the country, state, as the private sector. For more information, click here.