In case you are already the owner, or you are preparing to become the proud owner owner of one of the apartments from Aqua City, you have probably realized by now that it is inevitable to come across a lot of documents. One of the most obscure, especially for people who have not owned real estate or land until now, is the land deed extract.
Since you will definitely need it at some point, we present you what it is, where you can get it, and how much it will cost you in the following his release. the sale-purchase contract, rentals or loans? Find out more about the land certificate extract and how you can get it!
What is the land deed extract
To explain this concept, we must first clarify the document called the land register. In short, the land register is the equivalent of an identity card, but for your property. This official and public document is used to record relevant details about the building/land owned by individuals/legal entities. In the land register, you will find details such as the name of the owner, aspects related to the description of the building and its surroundings, but also entries related to mortgages, real estate privileges or usufruct rights.
This document is used to identify the owners/legal holders of the buildings and to obtain an overview of the location, the tax value of the lands/constructions that are in public or private ownership.
Therefore, the land deed extract from ANCPI (National Agency for Cadastre and Real Estate Advertising) is an informative document, used in various situations, for example in the case of sales, creditors, rentals or installation of utilities. From this you can deduce that you will need it to conclude the sales contract or for various financing options.
Depending on the purpose for which you will need it, there are several types of land certificate extract.
Extract from the land book for information
The most common of the three types of extracts, it is used to obtain more information about the status the building at the time the request was made. Who can ask for the land deed extract for information? Both the owner and any other person. We also mention the fact that this document cannot be used to facilitate a transaction.
Where can I get the land deed extract for information? You must contact the Cadastre and Real Estate Advertising Office in the county where the property is located.
Extract from the land book in extenso
It represents the full version of the registration from the land book, a document that records all the available information about the property, since on the date of its entry into the land register, until now.
The complete history of your property will include information about the former owners, but also any other relevant details entered in the land register. It has no legal value, but only for documentation, so it cannot be used for real estate transactions, but it can be used in the credit file or for hiring the building/land as a bank guarantee. Speaking of this topic, what does pre-approval mean for a loan?
Extract from the land register for authentication
This is the only type of document that can be requested in case of a transaction. The difference is given by the fact that only the public notary can request it, at the request of the owner. The act describes the current legal situation of the building and will be valid for 10 days.
During this interval, registrations in the land register will be suspended, so that the transaction takes place in optimal conditions.
How to obtain and how much does a land deed extract cost
In addition to the authentication extract, the one that can be requested exclusively by the notary , the other two will be able to be requested by both natural and public persons, by submitting a request to the Cadastre and Real Estate Publicity Offices within the locality where the building for which the extract will be requested is located.
The application will include information about the name, surname, CNP of the applicant, as well as the address and identification data of the building.
Where is the fee for the land certificate extract paid? At the counter where you apply, depending on the type of statement you requested:
- Excerpt for information - 20 RON/copy;
- Full extract: 5 RON/page front/back;
- Extract for authentication: 40 RON/copy.
The prices are indicative and can be consulted directly on the spot for more accuracy. The release period will generally be two working days, excluding the day of submission of the application. There is also the option of an emergency request, with the payment of an emergency fee, in the amount of 100 RON.
Is it possible to obtain the land deed extract online? Those who are not happy with the idea of a physical counter can resort to application ANCPI.
Now you know everything you need about this document!