documents required for registering an apartment
To officially register residential apartments, it requires providing a set of official documents, as follows:
- Certificate of property data extracted from the Real Estate Registry in the province.
- Copy of the ID card of both parties.
- Copy of the sale contract, whether preliminary or final, registered in the Real Estate Registry.
- Receipt of property registration fees from the city registry.
- Registration application form with the required attached documents.
- Survey proof document from the relevant authorities.
- Finally, the residential property registration certificate from the Real Estate Registry must be delivered within a few minutes of submitting the required documents.
Steps to register ownership of an apartment in the Real Estate Registry
Registering your apartment in the Real Estate Registry is a straightforward and direct process. Follow these clear steps after preparing all the required documents:
- Visit the nearest Real Estate Registry office or the office designated for your residential area.
- Fill out the application form for registering the apartment in the Real Estate Registry.
- Pay the registration fees at the Real Estate Registry office.
- Wait for a text message confirming acceptance of your application within 24 hours.
- Upon receiving the message, go to the Real Estate Registry office to sign the registration deed.
Typically, the process of registering an apartment in the Real Estate Registry takes about 37 days from the date of signing.
Cost of registering a residential apartment contract in the Real Estate Registry
The registration of the apartment in the Real Estate Registry involves specific fees that vary depending on the area of the residential unit. According to the latest information, the registration fees are as follows:
- Property up to 100 square meters: 500 Egyptian pounds.
- Residential property ranging from 101 to 200 square meters: 1000 Egyptian pounds.
- Residential property ranging from 201 to 300 square meters: 1500 Egyptian pounds.
- Residential property exceeding 300 square meters: 2000 Egyptian pounds.
Additionally, an additional fee of 100 Egyptian pounds is required for the apartment registration form.
Is the validity of the signature sufficient to prove ownership?
Correct, typically, the process of signing and registering a contract in the real estate registry primarily involves verifying the authenticity of the parties’ signatures on the contract itself, rather than necessarily proving ownership of the property. The required documents in the registration process substantiate all legal details and conditions related to ownership, while specialists handle any issues concerning ownership itself.
Does the method of property registration differ depending on the type of apartment purchase contracts?
There are different types of contracts that determine the form and structure of agreements, including:
- Registered Sale Contract: This contract legally proves property ownership and can be relied upon in case of disputes. It is also known as the “Green Contract,” and the original must be registered in the real estate registry to avoid losing the original copy and ensure the ability to obtain a copy when needed. This contract features specific markers for verification, such as the registry number, date, and its green color.
- Preliminary Sale Contract: It comes in two main forms:
- A contract that has valid signatures and establishes a sequence of ownership.
- A verbal contract that may not be legally supported and does not rely on any legal provisions.
These are the primary types of contracts used in real estate purchase and registration processes, differing in their legal reliability and evidentiary support provided by each type.
Benefits of registering an apartment in the Real Estate Registry
Registering an apartment in the real estate registry holds significant importance, offering several benefits, including:
- Protection of Property Ownership: Registration in the real estate registry legally establishes property ownership, safeguarding the property owner from potential risks of rights loss.
- Access to Legal Status of the Property: Anyone can access the records of the real estate registry to know who owns the property and its legal status.
- Prevention of Fraud in Buying and Selling Operations: Registration ensures that the property is not sold or bought illegally or multiple times, thereby maintaining real estate market stability and protecting owners’ rights.
- Encouragement of Real Estate Credit: Registration is a fundamental requirement for obtaining real estate loans, as loans are only granted to registered property owners in the real estate registry. This facilitates transparent and legal property transfer and registration.
In summary, registration in the real estate registry provides legal protection for property ownership, contributes to organizing the real estate market, and enhances trust among involved parties.
Indications of the validity of registered contracts
Although green contracts are valid, they can still be forged and used for fraudulent activities based solely on their color, without a registered number or date. Therefore, when completing a sale transaction, it is advisable to be accompanied by a lawyer to verify signs indicating the validity of the contracts, such as:
- The contract should include precise property area data through a survey report registered by the survey office.
- A statement on the left margin should declare that “this contract has no value between the parties unless declared.”
- The right margin must display the date, registry number, and should be sealed with a lotus flower-like stamp, with the phrase “valid for registration” written in the designated box.
- The contract should be signed using the project number, date, and time, sealed, and accompanied by a notarized authentication record from the real estate registry confirming that both the buyer and seller have signed it.
