Gochang-gun Temporarily Enforces 'Special Act on Real Estate Ownership Transfer Registration'

Excluding Real Estate Under Ownership Dispute Lawsuits for Two Years Starting August

[Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil] Gochang-gun, Jeonbuk announced on the 8th that it will temporarily implement the "Special Act on Real Estate Ownership Transfer Registration, etc." from August 5 to August 4, 2022.

This law, being implemented for the fourth time following 1978, 1993, and 2006, is a special law that allows real estate not matching the actual rights relationship to be registered through a simple procedure.

The applicable targets are real estate effectively transferred by legal acts such as sale, gift, or exchange before June 30, 1995, inherited real estate, and real estate without ownership preservation registration. Real estate involved in ongoing ownership attribution lawsuits is excluded.

To apply for registration, a certificate must be issued by attaching a guarantee letter from five or more guarantors appointed by the town or township (including one with qualifications as a lawyer or judicial scrivener) and submitted to the Comprehensive Civil Affairs Division of Gochang County Office.

The applied certificate will be issued after a public notice and objection period, and final registration adjustment will be done at the Gochang Registry Office.

Kim Jonghun, head of the Comprehensive Civil Affairs Division, said, "We will do our best to promote the implementation in advance so that the actual owners of real estate who cannot exercise ownership rights can be protected."

This content was produced with the assistance of AI translation services.