Public Record Property Business

May 11, 2020

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This article explains what the Public Property Registry, what is its function and a directory of public records in Mexico. Property Public Record The Public Registry of Property is the institution that provides certainty and legal security to the acts relating to real estate. In Mexico, the Public Property Registry is also responsible for recording the existence of entities and certain property, but in this article we will focus on the role of the Public Property Registry relating to real estate. The purpose of the institution is made public through the registration, the titles by which they acquired, transmitted, modified, or extinguished gravel ownership, possession and other rights over immovable property. By making these acts, there is certainty about the properties and rights reserved. Put in simpler language, the Public Property Registry is where you record all significant transactions related to immovable property, ie every time the property is sold, changes in dimensions, mortgage, lease, etc., you can register a record of that transaction in the Public Registry of Property. This in order that there is more transparency in the history of real estate and people interested in information “impartial” with respect to such property to do so. Anyone can go to the Public Registry of Property and request information about a property.

You can request documents eat-encumbrance certificate is a legal document certifying that the property in question is free of charge, ie there is no legal impediment to the person owning the property enjoys all the rights of use and dominion over his property. To apply for the Certificate of Tax Free, you need only the registration number, volume, section and date under which the property is registered. It is important that before acquire or obtain a legal title to a property, visit the Office of the Public Registry of the Property and verify that you acquire rights not affected or limited by any lien or irregularity in such property.