Geochang-gun, Real Estate Special Measures Act Applications Until August 4, 2022

About One Year Left for Real Estate Ownership Transfer Registration

Geochang County Office building exterior view

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Geochang-gun, Gyeongnam announced on the 19th that there is just over one year left until the application deadline for the issuance of confirmation certificates under the Special Measures Act on Real Estate Ownership Transfer Registration, which is August 4, 2022.

The application targets are real estate that was effectively transferred by sale, gift, inheritance, exchange, etc. before June 30, 1995, or real estate inherited after June 30, 1995, that was effectively transferred and for which ownership preservation registration has not been made.

Applicants must submit a guarantee letter stamped by five or more guarantors appointed in the legal district where the real estate is located (including one lawyer or judicial scrivener) and apply through the civil complaint communication office.

As a precaution, since the 4th Special Measures Act does not exclude other laws, fines or penalties may be imposed under Article 10 of the Real Name Real Estate Act and Article 10 of the Special Act on Real Estate Registration, and if agricultural land is acquired not by inheritance, a certificate of qualification for agricultural land acquisition must be attached.

Gu In-mo, the mayor of Geochang-gun, said, "Since the Special Measures Act on Real Estate is implemented temporarily, applicants must apply within the deadline," and added, "We will actively promote so that many residents can benefit."

Since August last year until now, 3,220 parcels have been received for the Special Measures Act application, confirmation certificates have been issued for 945 parcels, and registration has been completed for 883 parcels.

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