Approval of Three Remaining Regulations of the Obligation Law

The spokesperson for the Registration Organization announced that the cabinet has approved the three remaining regulations of the Obligation Law.

According to Mehr reporter, a press conference was held by Azam Qavidel, the spokesperson of the country's Property and Deed Registration Organization, with the media.

Explaining the latest actions of this organization in the implementation of the law requiring the official registration of real estate transactions, the spokesperson of the country's Real Estate and Deeds Registration Organization stated: Out of the total of 14 executive regulations foreseen in this law, the approval of 6 regulations was the responsibility of the judiciary and the approval of 8 regulations was the responsibility of the Council of Ministers.

He added: Out of 6 regulations related to the judiciary, five regulations have been approved, and the regulations under Note 5 of Article 1 of the law are in the final stages of approval. Also, out of eight regulations related to the Board of Ministers, five regulations were approved earlier and the remaining three regulations were recently approved by the Board of Ministers.

Expressing his gratitude to the government for approving the remaining regulations, Qavidel said: The approval of these regulations is one of the requirements for the full implementation of the law requiring the official registration of real estate transactions.

Determining the assignment of unfinished apartments

The spokesperson of the country's Deeds and Real Estate Registration Organization, referring to the executive regulations of Note 6, Article 10 of the Mandatory Law, said: This regulation, which is one of the regulations expected by the people to determine the status of some apartment units, has been approved by the Cabinet, but has not yet been notified.

He continued: Based on the initial explanations provided about this regulation, it is anticipated that in cases where the building does not have completion of work and its apartment units were purchased with normal documents, after paying the related fines and debts and determining the share of each unit from the costs related to the commons, it is possible to issue completion of work for the unit in question. In the following, the minutes of the separate assembly and the ownership document of the same unit will be issued.

Qavidel clarified: The implementation of these regulations can help solve the problems of some citizens who have purchased unfinished apartment units. After the notification of the regulations, the necessary changes will be made in the claim registration system to provide the possibility of registering claims related to these units.

Issuance of more than 11.5 million green ownership documents

In another part of his speech, he mentioned the status of Hadnagar ownership documents and said: So far, more than 11,500,000 green single-page ownership documents have been issued.

Referring to Article 1 of the Law, the spokesperson of the country's Deeds and Real Estate Registration Organization stated: Ownership documents issued after the entry into force of this law, i.e. July 3, 1403, are subject to the provisions of Article 1 in terms of the manner of conducting transactions, and legal acts related to these properties must be registered in the electronic document registration system.

Qavidel added: With regard to the official launch of the system for organizing informal documents or registering claims on June 1, 1405, one year after the official launch of the system, that is, from June 1, 1406, the land ownership documents that were issued before this date and are subject to the next stage of law enforcement will also be related in terms of the manner of transactions subject to regulations.

He emphasized: Currently, the green ownership documents are subject to the provisions of Article 1 of the Mandatory Law, and citizens should refrain from preparing normal affidavits to conduct transactions related to these properties and conduct their transactions through legal and official channels.

Execution of real estate collateral in less than two minutes

Referring to the technological services of the country's Deeds and Real Estate Registration Organization in the field of real estate collateral provision, Qavidel said: Before launching this service, providing real estate collateral in judicial authorities required going through steps such as choosing an official judicial expert, visiting the property, presenting an expert opinion and correspondence with the local registry office.

He added: By using the online services of the registration organization and using the information of about 30 million properties in this system, it is possible to execute the mortgage agreement in less than two minutes.

The spokesperson of the country's Real Estate and Deeds Registration Organization noted: In one of the implementation cases of this process, a record of 86 seconds was recorded; A service that facilitates the provision of collateral without the need for multiple referrals and the payment of fees related to previous processes.

Qavidel emphasized: The development of smart and online services in the country's document and real estate registration organization is pursued with the aim of reducing costs, speeding up judicial and registration processes and providing fast, timely and easier services to the people.