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Who Should Prevent Fake Transactions?

The Supreme Court explains how registry and notary systems prevent fake real estate transactions.

Evelyn Lee
ByEvelyn Lee- Senior Editor
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The state registry and notary system play a key role in acquiring property rights. According to a new ruling by the Supreme Court, these institutions must ensure bona fide acquisition and prevent fraudulent deals.

The registry body must not only formally check documents but also verify their legal basis. Common issues include unjustified registrations, double registrations, and delays.

Notaries must verify the true intention of parties and prevent disguised transactions, such as fake sales used as collateral. Risks related to powers of attorney also exist.

The Supreme Court emphasizes that the registry and notary system are fundamental guarantors of property rights and public trust.

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Who Should Prevent Fake Transactions? | Bond.az