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Simplified real estate data registration

In the newspaper Dienas bizness of 8 November 2018, Kristīne Gaigule-Šāvēja, Partner of PRIMUS DERLING, provides her opinion about the simplified real estate data registration process laid down by recent legislative amendments.

Amendments that are aimed at the simplified registration of real estate data and the solution of matters relating to the cooperation and data exchange among public authorities (data holders) will be in force as of 1 December 2019.

PRIMUS DERLING have analysed the amendments and concluded that in certain cases private individuals will no longer be required to apply to several authorities in order to register their real estate information and the environment for the receipt of information will be improved. However, PRIMUS DERLING point to the lack of transparency of legislation as a potential problem because the amendments affect five different laws and regulations. Consequently, both competent authorities and notaries, lawyers and other persons involved in property transactions will have to explain the new procedures to the public in order to ensure that the administrative burden of private individuals is reduced not just on paper but also in practice and people have a clear understanding of these procedures. Moreover, it will take time to bring the procedures to life and ensure that private individuals clearly understand what authority must be applied to and what documents must be prepared according to the new effective procedure, avoiding unnecessary expenditure and administrative burden due to ignorance.

Meanwhile, K. Gaigule-Šāvēja points out that the objective of the amendments is to provide that each database (the Land Register and the cadastre information system) contains only information meeting the purpose for which a relevant database is designed. “In fact, owing to the amendments, the amount of data that will be entered into the Land Register but that are more relevant for the cadastre information system will be reduced. The purpose of the Land Register is to show real estate and related rights (such as ownership) rather than all property-related information,” says K. Gaigule-Šāvēja.

Read the full text of the article in Latvian here.