"cadastral" - 1 õppematerjal

Investors Handbook. A Legal Guide to Business in Georgia

g) Letting, sub-letting; h) Lending; i) Leasing; j) Liabilities connected to ownership on immovable object. (Law on Public Registry, Article 11, Paragraph 1) For registration, the interested person must apply to territorial body of Public Registry according to the location of the immovable property. Specifically, the buyer must submit an adequate appli- cation, technical papers related to the immovable property (drawing of building, cadastral draw- ings of the land) and the purchase agreement on the basis of which the property was acquired. If the property is obtained by auction with preconditions or in the form of direct selling under the condition of fulfillment of particular obligations, these obligations will be also registered in the Public Registry along with the ownership right. The document verifying the payment of the registration fee has to be attached to the application.