Property Registry Can Reject Documents That Only Warn of Litigation Without Requesting a Specific Entry
07 Aug 202656 views
Who is affected:
Private individuals and companies in litigation affecting registered properties; property registrars
Summary
A private individual attempted to have the Property Registry annotate a notice regarding a commercial lawsuit to block future sales. The registrar rejected it and the General Directorate confirms this decision.
Detailed analysis
PRO
The General Directorate of Legal Security and Public Faith confirms that the registrar of Teguise acted correctly in denying the entry of presentation of a private document that merely communicated the existence of litigation over corporate shares. The document contained no registrable title, judicial order, or request…
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