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Act on Special Measures for the Registration of Real Estate.

Country/Territory
Korea, Republic of
Document type
Legislation
Date
1990
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Cadastre/land registration Transfer Tax/levy Registration Offences/penalties
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific
Abstract

The purpose of this Act is to establish a real estate transaction order by providing matters pertaining to special cases relating to real estate registration. Provisions for applying for registration of transfer of property are defined in article 2. To apply for an ownership transfer registration for a contract to purchase real estate the applicant shall submit a contract containing items specified in article 3. Special cases pertaining to applications of seals of approval and to permission are defined in articles 4 and 5. The remaining part of the Act contains penal provisions and provisions of miscellaneous nature.

Full text
English