The Land Registry is a systematic collection of documented data relating to property, which provides up-to-date information on all legal issues. The main task of the Land Register is to create security around any legal relations or issues related to land. It should be noted that when registering in the Land Register, ownership and participants must be clearly defined, and the rights related to property must be set out in a specific and understandable manner. The content of the Land Register is always correct, as the content and all the rights listed are registered according to the jurisdiction of Austria, and there are no unregistered rights.
THERE IS A LIST OF DOCUMENTS TO REGISTER IN THE LAND REGISTER, WHICH INCLUDES:
- a certified sale and purchase agreement (indicating the name and date of birth of the new owners);
- a description of the acquired property, including rights for third parties;
- including rights for third parties, as well as information about price.
Confidential information cannot be protected from disclosure in the state land register, therefore it is necessary to send only important information.
There are circumstances in which the cancellation of an entry in the register is permitted, such as an incorrect entry that contradicts the substantive position.