The Land Registry records the acts that affect the property or rights in real property, of both public and private ownership.
The Land Registry provides legal certainty to registered rights, favors the security and agility of legal traffic and saves transaction costs.
The Land Registry makes public the facts, acts and rights registered for those who have a legitimate interest in knowing them.
The registration in the Land Registry produces the following effects:
- Legitimate registration: For all legal purposes it will be presumed that the registered real rights exist and belong to their holder in the form determined by the respective entry.
- Unenforceability: Domain titles or other real rights over real estate that are not duly registered or recorded in the Land Registry do not harm third parties.
- Public registration: A person who in good faith acquires for pecuniary interest some right of someone who appears in the Register with powers to transmit it, will be maintained in its acquisition, once it has registered its right, even although afterwards the right of the transferor proves not to be valid for reasons that are not in the Registry.
- Presumption of veracity: The entries for which the titles are registered in the Land Registry produce all their effects until they are declared inaccurate.
- Judicial Safeguard: The entries in the register are under the protection of the courts and produce all its effects while inaccuracy is not declared, under the terms established by law.
- Judicial protection of registered rights: Actual actions derived from registered rights may be exercised through the trial regulated in the Law of Civil Procedure against those without registered title to oppose such rights or disturb their exercise.
- The Land Registry is public for those who have a known interest in ascertaining the status of real property or registered real rights.