Jinan-gun Implements Special Measures Act for Real Estate Ownership Transfer Registration

[Asia Economy Honam Reporting Headquarters Reporter Go Dallyeong] The Special Act on Real Estate Ownership Transfer Registration will be temporarily enforced for two years starting from August 5.

According to Jinan-gun on the 26th, this law is being implemented for the first time in 14 years since 2006, allowing residents who have been unable to exercise their property rights due to failure to register ownership transfer to complete registrations that reflect the facts through a simplified procedure.

The areas of application in Jinan-gun include all land and buildings, and the scope covers real estate that was effectively transferred by sale, gift, exchange, etc., before June 30, 1995, as well as inherited real estate and real estate without ownership preservation registration.

Those wishing to apply for registration must obtain guarantees from five or more guarantors appointed in the jurisdictional eup/myeon of the relevant real estate, apply for a confirmation certificate at the Land Administration Team of the Civil Service Department in Jinan-gun Office, and then submit it to the Jinan Registry Office after public notice and objection procedures.

A county official stated, “We will do our best in advance publicity and preparation so that the long-standing inconvenience in exercising property rights of residents can be resolved through the Special Act on Real Estate.”

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