Let's find out about the real estate register copy
A copy of the real estate register (certificate of all registered matters) can be said to be a kind of resume of real estate. Let's find out how this copy of the real estate register, which is the basis of real estate study, is structured and what to note.
Dec 18, 2023
1. How to view a copy of the real estate register1) Headline Section2) Gap-Gu3) Eul-gu4) Other matters2. The importance of a copy of the real estate register1. Ensuring the safety of the deposit2. Avoid additional spending when taking ownership3. Other matters
1. How to view a copy of the real estate register
You can print the online register at the Supreme Court registry office ([http://www.iros.go.kr/ ] (http://www.iros.go.kr )
1) Headline Section
The title section displays the general status of real estate. It contains general data on the size, height, and composition of what type of real estate it is structured. It also deals with the reasons for the registration.
2) Gap-Gu
Basically, Gap-gu focuses on matters that can change ownership or ownership (seizure, provisional registration, registration of decision to start an auction, notice registration, provisional registration, etc.). As for the registration criteria that have not been canceled, the closer the ranking number is to 1, the more priority will be taken.
The most important thing to check in Gap-gu is the seizure or auction-related part, and the provisional registration part should be carefully checked. If there is a provisional registration such as 'right to claim transfer of ownership', it can be very fatal when acquiring property. The auction, seizure, or seizure part can check the debt linked to the property, so it is very important when entering the tenant.
3) Eul-gu
Eul-gu records matters on superficies, regional rights, leasehold rights, and mortgage rights other than ownership. Most typically, due to the nature of real estate, root mortgage rights are often established.
It is possible to approximately infer the amount of debt at the time of the initial real estate purchase through the collateral security in the district. Typically, it is set at 120% of the debt in the first financial sector, 120-130% in the second financial sector, and 150% in the loan industry (which varies from financial institution to financial institution). In addition, there are cases where the establishment of the collateral right is attached to the underlying mortgage, which is the content of money raised from the outside by the setter of the collateral security right as collateral for the collateral security right.
4) Other matters
The summary summarizes the parts of the above that are not canceled and shows them in a summary. You can look up the list of joint collateral separately. Joint collateral is a way to check other properties that are tied up as joint collateral when you combine multiple properties and proceed with a loan.
2. The importance of a copy of the real estate register
1. Ensuring the safety of the deposit
The biggest fear during the lease process is whether or not to return the lump sum of money tied up. Most scams in Korean real estate, such as various jeonse scams, are often caused by insufficient confirmation of the register, in addition to moral defects of related industry officials and owners. At least, the seizure, seizure, provisional registration, and establishment of a root mortgage right of the property need to be confirmed twice at the time of contract and when the balance is paid.
2. Avoid additional spending when taking ownership
Even when acquiring ownership, damage can be caused if you do not have an accurate understanding of the order of rights. Even if ownership is transferred, the registration of the right to claim the transfer of ownership is a priority, so if you move to the main registration, it can be very troublesome. Also, keep in mind that unexpected additional expenditures may occur due to the remaining rights that do not expire even when bidding for an auction.
3. Other matters
In addition, there are cases where information is not visible on the certified copy of the register due to trust registration. In this case, never trust the register, and you must obtain a trust register from the registry office and proceed. Fraudulent trust items is also frequent.
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