The Property Registry cannot require a public deed to cancel a resolutory condition if the contract allowed it by notarial deed
01 Jul 202649 views
Who is affected:
Buyers and sellers of real estate with deferred payment guaranteed by resolutory condition
Summary
A ruling clarifies which documents are valid to cancel a resolutory condition at the Property Registry when the purchase agreement already provided for a specific procedure.
Detailed analysis
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The General Directorate of Legal Security resolves an appeal against the negative qualification by the Property Registry of Algeciras nº2, which suspended the cancellation of a resolutory condition agreed as a guarantee for deferred payment. The registrar required a public deed, court ruling or notarial deed, while the…
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