New SCJ rules for boundaries
In an effort to facilitate the paperwork needed to obtain a deed on a piece of land, the Supreme Court has approved the Regulations for Boundary and Lot Adjustments. This new procedure will allow holders of annotated proofs of ownership to obtain Certified Titles of ownership (deeds) through an administrative procedure when there is agreement about the ownership and boundaries of the property. The move is part of the Program to Consolidate Real Estate Jurisdiction. The control and reduction of the use of Annotated Proofs has been one of the initiatives pushed through in the area of real estate law, and this will guarantee judicial security and investments in real estate in the country. By means of an act of Parcel (or Lot) Adjustment, a survey of the lots is carried out, through which all owners of ‘annotated proofs’ agree to set out their parcels through an administrative procedure. The [...]
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